Gross Rent Multiplier (GRM) is one of the most commonly used metrics in real estate investing but it’s also one of the most misunderstood.

In this Strategy Saturday episode, Charles Carillo breaks down what the Gross Rent Multiplier is, how investors actually use it, and why most investors misuse it when analyzing rental properties.

GRM is a fast, back-of-the-napkin screening tool that can help you evaluate dozens of deals quickly but relying on it alone can lead to bad investment decisions. This video explains when GRM is useful, when it becomes dangerous, and what critical factors it completely ignores, including expenses, CapEx, vacancy, and financing.

If you invest in rental properties or multifamily real estate, this episode will help you avoid common analysis mistakes and improve your deal screening process.

What You’ll Learn in This Video:

• What the Gross Rent Multiplier (GRM) actually measures

• How to calculate GRM correctly

• When GRM is useful for screening deals

• Why GRM can be misleading if used incorrectly

• Key limitations most investors overlook

• Why GRM is not a replacement for full underwriting

Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com

◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

In this episode of the Global Investors Podcast, host Charles Carillo sits down with Sam Morris, Partner at Lone Star Capital, to break down what it actually takes to operate large-scale multifamily investments.

Sam shares how he went from underwriting over $1B in bank loans to overseeing a 5,300+ unit apartment portfolio, including the hard lessons learned from disasters, insurance claims, property taxes, preferred equity, and vertical integration.

This conversation goes far beyond surface-level investing advice. You’ll hear how institutional operators evaluate deals, why management matters more than spreadsheets, and how real-world challenges like hurricanes, rising taxes, and capital stack complexity can make—or break—a deal.

If you’re a passive investor, active syndicator, or serious about understanding how large multifamily deals actually work, this episode delivers real insight from decades of experience.

• How early underwriting experience creates long-term investing advantages

• Why large multifamily deals are often easier to manage than small ones

• Lessons from a hurricane that destroyed Sam’s first apartment deal

• How insurance, CapEx, and refinancing can reshape returns

• Why Texas taxes and insurance require specialized strategies

• The real benefits of vertical integration in multifamily

• How syndication fees actually work (and what to watch out for)

• Preferred equity explained—and why investors need to understand it

• The single biggest mistake investors make: underestimating management

Learn More About Sam Morris Here:

• LSCRE - https://www.lscre.com/

Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com

◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

In this Strategy Saturday episode, Charles Carillo breaks down how investors can identify deferred maintenance during property walkthroughs before going under contract.

You’ll learn how to spot hidden repair issues, what major systems to inspect first, and how to budget correctly for potential problems during multifamily due diligence. This episode focuses on practical, real-world walkthrough insights, not turning you into a property inspector, but helping you know what to look for and who to hire.

In this episode, we cover:

• What deferred maintenance really means for investors

• Walkthrough red flags most buyers overlook

• How roofs, plumbing, electrical, and HVAC issues impact underwriting

• Why water damage is one of the biggest hidden risks

• How deferred maintenance affects insurance costs and liability

• Using walkthrough insights to price offers and negotiate confidently

Whether you’re a first-time multifamily investor or already buying apartment buildings, this episode will help you avoid costly assumptions and make better-informed decisions.

Links Referenced in Episode:

• SS161: What is Due Diligence in Real Estate - https://youtu.be/c_IajLHirNc

Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com

◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/