The world of real estate investing can be overwhelming for those unfamiliar with it. People often have the misconception that by simply buying a property, they will become millionaires overnight. However, the reality is quite different. Real estate investing is a business and should be treated as such.
Paul Carassone, also known as The Property Boss, is a court-appointed property manager/trustee, CEO, and co-founder of Carassone Property Management (CPM), with over 30 years of experience in the business community with a strong emphasis on property management.
“I first developed his interest in real estate as a teenager, obtaining my first property in Williamsburg, Brooklyn in 1985 at the age of 18. For CPM, I am directly responsible for all acquisitions, sales, and financial management.” Paul shares.
Paul has always been a true visionary for the financial growth and long-term stability of his companies. All managed acquisitions continue to grow annually despite the current economic environment. Within the first year of ownership of all acquired properties, he has had the ability to reduce expenses and increase revenues by an average of 15%.
“The world of real estate investing can be overwhelming for those unfamiliar with it. People often have the misconception that by simply buying a property, they will become millionaires overnight. However, the reality is quite different. Real estate investing is a business and should be treated as such.” Paul states.
That is why the Property Boss was created. The mission of Property Boss is to teach people how to invest in real estate effectively. The ultimate goal is to help people become successful real estate investors.
Property Boss offers mentoring, property evaluation, and real estate consulting through one-on-one meetings and weekly group calls with members. The platform focuses on providing its clients with the truth about real estate.
Clients can expect to hear the good, the bad, and the ugly. The information provided is accurate and straightforward. It is vital for clients to understand what they are doing when investing in real estate. Lack of accurate information is what often leads people to lose money in real estate.
“The most important question many have is how they can become a real estate boss. To become a successful real estate investor, there are three things to do. First, you have to find the right properties. Second, you have to pay the right price for those properties. And third, you have to manage those properties like a business.” Paul advises.
Paul is here to help people do just that. Through mentoring and consulting, the property manager guides clients in the right direction. The goal is for clients to learn how to find and evaluate properties on their own.
“One of the biggest lessons I have learned in my coaching career is that most people have the belief that once they have the money to buy a property, that’s it, they don’t have to do any work. But that’s not the case at all. Successful real estate investors understand that managing a property is a constant job and that they must work hard to keep their properties in good condition.” Paul explains.
Paul has some exciting new projects on the horizon. His book will be out in spring 2023. The goal of the book is to provide valuable information on how to become a successful real estate investor. It will also focus on some of the common mistakes people make when investing in real estate and how to avoid them.
In addition to the book, Paul plans to begin property syndication around the last quarter of 2023. Syndication is when a group of investors comes together to purchase a property. This can be a great way to invest in real estate without having to buy a property on your own.
If you want to know more about Paul, The Property Boss, click here.