Axel sits down once again with Lee Yoder, founder of Threefold Real Estate Investing, to unpack the full journey of scaling from a single duplex to 900+ multifamily units and the hard lessons learned along the way.
Lee walks through how he gradually built his portfolio, why he ultimately decided to bring property management in-house, and the unexpected challenges that came with making that transition. He shares what worked, what didn’t, and the mistakes he would avoid if he were starting over today.
The conversation then dives deep into team building, operational systems, cash flow discipline, and why in-house management isn’t a shortcut but a long-term strategic decision that requires patience, capital, and leadership. This is an honest, tactical discussion for operators considering vertical integration or looking to improve execution as they scale.
Join us as we dive into:
- How Lee scaled from a duplex to 900+ units over time
- Why he chose to bring property management in-house
- The biggest operational and leadership challenges of vertical integration
- The true costs, financial and emotional of running your own PM company
- How in-house management changes decision-making and accountability
- What Lee would do differently if he were starting again today
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