The Best Ever CRE Show JF 3880: In-House Management, Columbus Expansion, and Tech-Driven Operations ft. Josh Goodwin
Apr 19, 2025
Josh Goodwin, co-founder of SimCap Holdings, reveals how his Cincinnati-based multifamily syndication firm transitioned to in-house management, boosting investor returns and improving cash flow. He shares insights on their strategic expansion into Columbus, focusing on local contractor networks and replicating successful operations. Additionally, Josh discusses leveraging technology, including AI, for predictive maintenance and asset management, showcasing how modern tools can transform real estate operations. This episode is packed with innovative strategies and valuable lessons for investors.
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Episode notes
SimCap's In-House Property Management
- SimCap fully brought property management in-house about nine months before this interview.
- They hired a regional property manager working within their company reporting directly to them.
Duplicating Operations in New Markets
- When expanding to a new city, replicate your existing operational model locally.
- Hire staff on-site and use local contractor networks to maintain control and efficiency.
Secure Local Contractors Early
- Establish relationships with local contractors before acquiring properties in new markets.
- Use trusted networks to ensure reliable and timely property maintenance.