In this episode, we chat with Logan Rankin, a highly successful multifamily investor who has built a portfolio of over 4,000 units with no partners or investors over the last 10+ years. Logan's background includes a decade at Target Corporation, where he held various leadership roles overseeing large P&Ls. He transitioned to real estate in 2013, starting with a single-family house and scaling up to 4,086 units.
Logan's unique approach involves focusing on operational excellence, managing everything in-house, and developing a construction arm and property management company to support his portfolio growth. Logan also shares some insights on selling properties versus holding forever, his criteria for property acquisitions, and the operational strategies behind managing a large multifamily portfolio.
Here are some of the topics we covered:
- The strategies he used to build his portfolio with his own capital
- The pros and cons of selling properties versus holding them forever
- How he manages all his properties in-house and the importance of building a strong management infrastructure
- His entire value-add process, including how he turns units in just 72 hours
- The KPIs he tracks and the importance of operational efficiency
- How he hires and develops his team, including a unique approach to training and certifying his staff
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
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Connect with Logan:
Follow him on Instagram
Connect with him on LinkedIn
Visit him on X (formerly Twitter)
Check out his website
