In the business world, there have always been opportunities to invest and over time create wealth. Some of these businesses are more profitable than others and also carry more risk than others.
One of those businesses industries that is always stable in the generation of money is real estate. One of the reasons why this is the case is that a good property is not perishable the same way good food is.
Many people have been accumulating wealth through the real estate industry by initially acquiring a good property and then through rentals, for example, they obtain the amount of money to acquire another property, and so on and so forth.
Mr. Paul Carassone, known as The Property Boss, is a real estate investor. He runs a property management company (Carassone Property Management) and a maintenance company. On top of this, he also offers real estate mentoring and teaching.
“I am now starting to teach and mentor people on how to make money and keep it through real estate investing.” Paul shares.
For Paul, real estate was always in his life. Since he was 16 years old, he had been interested in the real estate industry. What made him decide to go into it was seeing Donald Trump coming out of one of his buildings in New York City.
“In 1987, when I was walking down 5th Avenue in New York with my girlfriend at the time, I saw Donald Trump coming out of his building and he nodded at me. I took it as a sign.” Paul recounts and says, “My family had a real estate business and I was never involved. Much later I had to step in to rebuild the business because it was failing. I owned an air conditioning company and closed it down to buy the real estate business with my brother and the rest is history.”
Paul excels at what he does because of his treatment of other people. By getting personally involved in all aspects of his business and treating all of his clients (the tenants) the way he likes to be treated.
“I have the ability to solve problems and not panic about things.” He adds.
One of the biggest obstacles Paul has overcome in his successful career was understanding that no matter what, people were going to do everything they could to take away his success and money.
Paul has been flying airplanes since he was 14 years old and that is something he uses as a de-stressor and a reset to refocus. It also helps him get to properties and find new places to invest in.
In the near future, Paul is focusing on The Property Boss and mentoring others about real estate investment and management. To learn more about Paul Carassone, click here.