Multifamily Insights

John Casmon

Each week, John Casmon speaks with real estate pros and marketing specialists to provide useful tips for multifamily investing. Listen and learn insights for market research, finding deals, attracting capital, and growing your portfolio.

  1. 3D AGO

    How a First-Time Investor Achieved a 3X Return on His First Multifamily Deal with Yosef Lee, Ep. 775

    Yosef Lee is a full-time litigation attorney based in New York who pivoted into multifamily real estate investing to gain greater control over his time and legacy. Driven by his desire to be more present for his two daughters, Yosef began his investing journey in 2019, joining mastermind communities and building a network from scratch. Since then, he has become a general partner in 17 syndications, participated in 5+ joint ventures, and successfully exited multiple deals—including a 3X equity multiple from his first investment. He now shares his journey to help others take purposeful action, emphasizing relationships, self-education, and long-term vision.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Join the right masterminds and network consistently to accelerate your learning and deal flow. Learn the language of multifamily investing before pitching yourself or underwriting deals. Focus on people first, trustworthy partnerships are more important than proximity in out-of-state investing. Multifamily value-add deals are often won through rent increases, not just renovations. Being honest about where you are in your journey builds authentic trust with your network.     Topics From Legal to Legacy Yosef shares how his role as a litigation attorney conflicted with his values as a father. Realized that financial success wasn't enough without freedom of time, place, and occurrence ("TPO"). Accidental Discovery of Multifamily Found BiggerPockets in 2019 and stumbled into multifamily after exploring other investment options. Chose multifamily for its scalability and team-based structure. First Deal Breakdown: 44 Units in Kansas Partnered with others through a mastermind group to buy off-market. Pushed rents by $150–$200 and executed a cash-out refinance before ultimately selling for 3X returns. The Power of Masterminds and Community Did 200+ Zoom calls in 2020 to build relationships. Contrasts 80% of people who said "don't join" masterminds vs. the 20% who helped him scale. Emphasizes that education is free, but access to the right people is worth paying for. Authentic Branding and Thought Leadership Recalls a 2019 comment from John Casmon that gave him the confidence to start showing up online, even before his first deal. Encourages investors to be real about where they are and build in public.     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Yosef up for success: Jumped too quickly into a deal where the seller used their PSA draft to raise the price and sell to another buyer. Learned to vet sellers and protect documents early on. Digital or Mobile Resource: iPhone Notes, Reminders, and Calendar for managing tasks and prioritizing top three items daily. Book Recommendation: Think and Grow Rich by Napoleon Hill. Daily Habit: Morning prioritization using reminders and selecting three must-do tasks. #1 Insight for Starting in Multifamily: Focus on E — Education, N — Networking, and A — Action. Know the lingo, meet the right people, and don't delay taking intentional steps forward.     Next Steps Get in touch with Yosef on his website, yosefhlee.com Audit your current community and support system, are you networking with active investors? Evaluate if your time, place, and occurrence are truly under your control. Don't wait to build your platform. Share your story now, honestly and consistently.     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    53 min
  2. JAN 6

    Real-Time Risk Mitigation for Multifamily with Nadav Schnall, Ep. 774

    Nadav Schnall is the co-founder of ProSentry, a proptech startup focused on real-time risk mitigation for multifamily and commercial buildings. With a decade of experience at First Service Residential as VP of Luxury Properties and New Development, Nadav saw firsthand the operational challenges that property managers face. His venture addresses those pain points through sensor-based monitoring that's already helped prevent thousands of potential insurance claims.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Understand how real-time risk mitigation can lower insurance premiums and prevent property damage Learn the top causes of water-related insurance claims and how they can be proactively addressed Discover how smart sensors and LoRaWAN technology are being applied to multifamily assets Hear how investors can use tech to boost tenant satisfaction and NOI     Topics Why Nadav Started ProSentry Saw repeated property issues in his role at First Service Residential Reconnected with a veteran builder to launch the company Wanted to solve systemic building problems using tech How Risk Mitigation Impacts Insurance Non-weather water damage is among the top insurance claims Sensors help avoid or minimize these issues Lower risk profile = potential savings on premiums or deductibles What ProSentry's Sensors Actually Do Water, gas, temperature, humidity, smoke, vape, and rodent detection Uses LoRaWAN, not Wi-Fi, for stronger building-wide coverage Real-time alerts via app, text, call — including live operator calls Cost and ROI for Investors Approx. $300–$400 per unit installation Ongoing cost: ~$1–$1.50/month per sensor Helps improve tenant experience, reduce damage, and boost NOI Proactive Alternatives and Why They're Not Enough Preventative maintenance is still important But sensors catch things no one can manually inspect Especially helpful for high-turnover or under-staffed buildings     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Nadav up for success: Incorrect sensor placements due to improper floor pitch early on. Led to better tutorials and installation guidance. Digital or mobile resource recommended: Fitness apps. Used for daily 15–20 minute physical activity to start the day with focus. Book recommended most in the last year: The Zig Zag Kid by David Grossman and Betsy Rosenberg. Daily habit that keeps him focused: Morning review of daily priorities and tasks. Flexibility and focus based on operational urgencies. #1 insight for managing multifamily risk: Water damage is the top preventable issue. Staff training and emergency response plans can significantly reduce incidents. Favorite restaurant in New York: Cosme.     Next Steps Evaluate your current risk management and insurance costs Explore LoRaWAN-based sensor technology Contact ProSentry to discuss customized solutions Factor in potential insurance savings when calculating ROI     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    29 min
  3. 12/30/2025

    Passive Investing as a Learning Strategy With Dr. Tudor Francu, Ep. 773

    Dr. Tudor Francu is a Romanian-born anesthesiologist and real estate investor with over 15 years of experience. After immigrating to the U.S. at age 28 and building a successful medical practice, Tudor began investing in real estate—starting with single-family homes before transitioning into multifamily syndications. He has managed 30+ properties, overseen operations on multifamily assets, and now serves as a general partner in large-scale apartment deals. Tudor is the founder of Stellar Multifamily and host of the Stellar Success Podcast.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways: Investing with the right people is more important than the projected returns Being a passive investor first can be a strategic way to learn syndication before becoming a general partner Vertically integrated operators are more likely to succeed than those who outsource key roles Clear, frequent, and transparent communication is the hallmark of a great sponsor Taking action—even imperfectly—is essential for success in real estate     Topics From Romania to Real Estate How Tudor transitioned from anesthesiologist to real estate investor The financial mindset inherited from growing up in a communist country How Robert Kiyosaki's Rich Dad Poor Dad shaped his investment journey Starting Small, Scaling Smart Why he began with single-family homes What prompted the leap into multifamily How he built comfort through small wins before scaling Passive Investing as a Learning Strategy Tudor's reasons for starting as an LP What he learned from both good and bad operators Why passive investing is crucial for risk-aware growth Becoming a General Partner What it took to make the transition The critical role of transparency and communication A candid story about walking away from a deal days before closing Vertically Integrated Teams Why vertical integration improves success rates The operational advantages of in-house management Lessons from bad deals with third-party vendors Lessons on Leadership and Communication Why leasing agents are the most important people on-site Structuring compensation to align with asset performance What investors should really ask sponsors before committing     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Tudor up for success: Backing out of a deal days before closing after uncovering unreliable financials; another failure involved a dishonest business partner hiding accounting data. Digital or mobile resource recommended: Social media accounts of credible real estate influencers like Pace Morby; books and interviews by Robert Kiyosaki. Book recommended most in the last year: Tools of Titans by Tim Ferriss. Daily habit that keeps him focused: Waking up early and following a structured morning routine to set the tone for the day. #1 insight for transitioning into a general partner: Partner with people who are transparent, honest, and communicate well. Success hinges on trust and character. Favorite restaurant in Baltimore, MD: Romilo's.     Next Steps Learn more about Tudor at stellarmultifamily.com Check out the Stellar Success Podcast Follow Tudor on LinkedIn and social media platforms     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    41 min
  4. 12/23/2025

    How Volatility Affects Lending Decisions with Sharon Karaffa, Ep. 772

    Sharon Karaffa is the President of Multifamily Debt and Structured Finance at Newmark. With over two decades of experience, she's built her career advising on agency lending, capital markets strategy, and multifamily finance. From starting in corporate finance at Fannie Mae to shaping lending strategies during volatile market cycles, Sharon brings a rare lens on long-term trends and real-time insights. She has led teams through critical transitions, including Fannie Mae's restatement period and the public launch of Newmark's multifamily platform, giving her a comprehensive view from both the borrower and lender perspective.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways How Sharon transitioned into multifamily lending during a corporate finance shake-up at Fannie Mae Why mentorship and sponsorship play a crucial role in long-term success The ongoing conservatorship of Fannie and Freddie—and what it means for agency lending How current interest rate volatility is reshaping investor and lender behavior The role of AI in the future of multifamily debt underwriting     Topics Covered Falling Into Multifamily by Taking a Chance Sharon shares how she unexpectedly landed in multifamily finance after being offered three career tracks at Fannie Mae—and choosing the one she knew the least about. Navigating the Conservatorship Era A look at how Fannie and Freddie's placement under conservatorship in 2008 changed the structure of agency lending, from Treasury sweeps to regulatory capital planning. How Volatility Affects Lending Decisions Sharon explains how rate volatility has impacted investor confidence and what lenders consider when advising clients during market uncertainty. Bridge Loans vs. Agency Debt Sharon breaks down where potential distress may appear in the market and why deals underwritten with aggressive bridge debt may be more vulnerable. Lender Advice: Don't Wait for the 'Perfect Rate' Insight on why now may still be the right time to execute a deal—and how waiting on the sidelines may mean missing key opportunities. Tech and AI in Multifamily Lending Sharon shares how Newmark is experimenting with a proprietary GPT tool for internal underwriting and predictive analytics—and where AI still needs work.     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Sharon up for success: Forgetting to deliver highly sensitive Monday-morning meeting materials to the CEO and executives during her early years in corporate finance. The incident pushed her to prioritize preparation and rethink broken processes. Digital or mobile resource recommended: LinkedIn. Book recommended most in the last year: Not Impossible by Mick Ebeling. Daily habit that keeps her focused: Using her calendar religiously to manage both professional and personal obligations with clarity. #1 insight for selecting the right loan: Partner with a trusted loan originator who understands your long-term strategy and can help tailor the right financing structure to meet those goals.     Next Steps Connect with Sharon Karaffa via Newmark or reach out to her via sharon.karaffa@nmrk.com. Learn how agency lenders assess market risk and borrower fit Understand why building broker and lender relationships matters—especially in fast-changing markets Evaluate your own loan terms against your long-term investment goals     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    33 min
  5. 12/16/2025

    What I Learned About Raising Money for Real Estate with John Casmon, Ep. 771

    In this guest appearance on the Investor Fuel – Real Estate Mastermind podcast, John Casmon shares his journey from working in corporate advertising to building a $150M multifamily portfolio. He opens up about his employer filing bankruptcy during the 2008 financial crisis, house hacking in Chicago, and discovering the power of mentorship and raising capital. With clarity, honesty, and strategic insight, John lays out a realistic roadmap for transitioning from W-2 work to full-time real estate investing—and how mindset and mission can elevate your ability to serve others through multifamily.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways How the 2008 financial crisis sparked John's journey into real estate House hacking a duplex and scaling to an eight-unit with personal savings The financial trap of saving to buy—why John pivoted to raising capital The value of mentorship and how one post on BiggerPockets changed everything John's 3 Cs framework for raising capital: Confidence, Credibility, and Connections How to build trust with passive investors by educating, not convincing     Topics Corporate Roots and a Harsh Wake-Up Call John's early career in advertising at General Motors How the 2008 financial crisis sparked the need for a financial plan B From House Hack to Portfolio Growth Buying a three-unit with his wife in Chicago Scaling to an eight-unit using all of their savings—and realizing it wasn't scalable Discovering the Power of Mentorship Finding a coach via BiggerPockets and lunch in Cincinnati Why mentorship helped shift his mindset, strategy, and results Learning to Raise Capital Moving beyond the myth of needing wealthy friends or family The mental shift from "asking for money" to "offering a service" Education as a Tool for Connection Building trust with passive investors through consistent education How one friend declined to invest nine times—then came back for the tenth The 3 Cs of Raising Capital Confidence: Built through preparation and market knowledge Credibility: Leaning on your experience and team Connections: Expanding beyond friends and family to reach aligned investors     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Next Steps Clarify your goals before you start raising capital or choosing strategies Focus on education and service—not pressure—when building investor relationships Use the 3 Cs: Confidence, Credibility, and Connections Don't go it alone—mentorship can accelerate everything     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    22 min
  6. 12/09/2025

    Steal This Process to Find the Best Real Estate Market with John Casmon, Ep. 770

    This episode features a solo session with John Casmon, where he draws on personal investing experience in markets like Chicago, Cincinnati, Louisville, and San Antonio to share a deep-dive framework for evaluating which markets to invest in, and how to spot the signs of long-term growth. From understanding economic indicators and infrastructure to aligning your personal investing style with neighborhood dynamics, this episode is packed with strategic guidance on identifying the right market — and the right moment — to make your move.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Start by investing in your own backyard, local familiarity and access outweigh national trends early on. Use "path of progress" logic to spot adjacent neighborhoods with similar fundamentals but lower prices. Look for population growth, industry diversification, infrastructure investment, and pro-development policies. Understand your own investing goals to determine what kind of markets and submarkets align with your criteria. Ride the coattails of developers and large employers, when they commit to a market, opportunity follows.     Topics Why Market Selection Matters Why investing close to home gives you an advantage How John evaluated neighborhoods like North Center, Avondale, and Hermosa in Chicago Expanding Beyond Your City Lessons from shifting to Cincinnati and using family ties to anchor new market exploration The importance of clarity on investor criteria before analyzing new areas What Makes a Market Attractive Key indicators: population growth, job diversity, geographic accessibility Red flags: rent control, oversupply, misaligned development Case Studies: Cincinnati, Louisville, San Antonio The impact of infrastructure and corridor development in Cincinnati How recession-resistant industries shaped John's decision to invest in Louisville Why San Antonio's "quiet strength" made it a strategic move Using Public Data to Guide You Sites John uses: census.gov, bls.gov, datausa.io How to track local chambers of commerce, development plans, and funding incentives What to Avoid or Watch Closely Risks of relying on government subsidies or unstable funding Importance of local political climate and long-term planning by municipalities     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Next Steps Research your backyard market before expanding elsewhere Align your criteria (cash flow vs. appreciation, investor type) before evaluating a market Track macro indicators (population, jobs) and micro conditions (local policy, neighborhood dynamics)     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    47 min
  7. 12/02/2025

    How to Track and Cut Apartment Expenses with Chris Wise, Ep. 769

    Chris Wise is a Navy veteran, attorney, and founder of Wise Capital—a property technology company focused on upgrading Class C multifamily housing through in-house AI, IoT, and data systems. By combining real estate ownership with smart software development, he's redefining operations and improving tenant experiences across older multifamily assets. Based in Louisville, Kentucky, Chris brings a unique blend of military discipline, legal expertise, and tech innovation to the multifamily investing space.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways How Chris transitioned from Navy to law to real estate The North Star guiding his career pivots: social impact Why predictive maintenance is essential in Class C properties Using IoT and internal tech to reduce costs and extend asset life Real examples of tracking power and water consumption to prevent failures How in-house product development helps maintain affordability     Topics From the Navy to Real Estate: A Career of Purpose Chris's path from Navy service to law school and legal practice How his passion for social impact shaped his professional pivots Solving Problems Through Technology Founding a software and marketing firm to solve internal inefficiencies Learning to code and build tools to reduce costs for small businesses The Rise of Wise Capital How Chris combined real estate and tech to launch Wise Capital Why Class C properties were the ideal target for smart upgrades IoT and Predictive Maintenance in Action Identifying failing systems before they break: water, power, HVAC Using public product data and power consumption to monitor appliances Replacing $0.10 fuses instead of full appliances Reducing Costs Without Raising Rents Keeping rent stable by slashing expenses through innovation Why many "smart" solutions don't make sense financially—and how to build better Vertically Integrated Operations and Property Management Why Chris keeps property management in-house Hidden costs in third-party management that eat into NOI Common Missteps in Value-Add Projects Misplaced renovation priorities (e.g., ignoring plumbing or sinks) Focus on function, pride of living, and true ROI over cosmetic updates     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Chris up for success: A marketing collapse at his former law firm pushed him to learn coding and product development. Though the failure cost mid six-figures, it laid the foundation for his current proptech innovations. Digital or mobile resource recommended: Time-tracking or auditing tools—anything that helps buy back time, provided it's actually reviewed and used intentionally. Book recommended most in the last year: Buy Back Your Time by Dan Martell. Daily habit that keeps him focused: Wakes up at 4:30 AM to get centered—no screens, focuses on personal health, calendar prep, meditation or prayer before engaging with others. #1 insight for managing your expenses: Track everything down to the penny. Understand your P&L deeply, including the small charges and hidden costs across all line items. Favorite restaurant in Louisville, KY: Kern's Corner.     Next Steps To learn more, check out Chris' LinkedIn page. Audit your expenses before chasing higher rents Explore internal data solutions before investing in overpriced sensors Re-evaluate your property management structure for hidden fees Focus on functional, meaningful upgrades—not just cosmetic ones     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    36 min
  8. 11/25/2025

    His $1.5M Apartment Renovation Blew Up to $3M — Here's How He Survived It, with Joe Rinderknect, Ep. 768

    Joe Rinderknecht is the founder of Upgrade Partners Capital and Cowboy Capital, a real estate investment firm specializing in acquiring and operating value-add multifamily properties. With deep roots in ranching and a background in construction, Joe brings a hands-on approach to real estate, backed by years of entrepreneurial experience. His journey from working blue-collar jobs to managing complex multifamily assets reflects his drive to create generational wealth and live intentionally. In the past year alone, Joe and his partner Levi have closed on 419 units across several states—all while keeping family and values at the center of their mission.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Learn why having a strong partnership can unlock rapid portfolio growth Understand how hands-on experience helps overcome construction challenges Discover the importance of aligning business strategy with personal values Get practical advice for vetting contractors and managing budgets Hear how transparent communication saved a struggling project     Topics Joe's Ranching Roots and Entry Into Real Estate How Joe's upbringing on a ranch and construction background shaped his work ethic Transitioning from manual labor to entrepreneurship and finance Hands-On Multifamily Management Lessons from managing an 80-unit property with high vacancy and crime Building operational skills through property management and acquisitions The $3M Renovation Journey What went wrong on a 1951 property rehab—and what saved it Learning to navigate capital calls and manage contractor relationships Lessons in Construction Oversight Why multiple contractor bids are essential Realizing cheaper isn't better when scaling projects Building a Powerful Partnership How Joe found a long-term partner after multiple failed ones Dividing responsibilities and scaling with aligned values Family First, Empire Later Why Joe and his partner are intentionally staying lean Long-term vision to build a bigger business after their kids are older     📢 Announcement: Learn about our Apartment Investing Mastermind here.     Round of Insights Failure that set Joe up for success: Under-communicating with investors during a major renovation project. The experience taught him the importance of having difficult conversations early, which ultimately strengthened his investor relationships and led to repeat capital commitments. Digital or mobile resource recommended: Podcasts (especially for cutting down learning curves), including Multifamily Insights. Book recommended most in the last year: Best in Class by Gary Lipsky Daily habit that keeps him focused: Every night, Joe shares his daily wins and top three tasks for the next day with a coach to stay accountable. #1 insight for overcoming obstacles: Action cures anxiety. Make decisions quickly and move forward—inaction only makes problems worse. Favorite restaurant in Idaho: Red Net Sushi (a go-to spot for Joe, who loves sushi).     Next Steps E-mail Joe at joe@cowboycapital.us Check out Joe's website, cowboycapital.us     Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you don't miss an episode.

    39 min
4.9
out of 5
278 Ratings

About

Each week, John Casmon speaks with real estate pros and marketing specialists to provide useful tips for multifamily investing. Listen and learn insights for market research, finding deals, attracting capital, and growing your portfolio.

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