The Best Ever CRE Show
JF 3901: Vertical Integration, Operational Control, and Doubling a Portfolio ft. Lee Yoder
May 10, 2025
Lee Yoder, founder of Threefold Real Estate Investing in Cincinnati, dives into the power of in-house property management. He reveals how managing his own 283-unit portfolio dramatically reduced vacancy and turnover expenses, boosting cash flow. Lee shares his journey of building a reliable team and scaling his business, leading to a recent acquisition that nearly doubled his portfolio. The conversation highlights the strategic advantages of aligning management with ownership goals, emphasizing how this approach transforms operational efficiency in multifamily real estate.
37:31
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Quick takeaways
- Bringing property management in-house significantly improves portfolio performance by reducing costs and enhancing cash flow through direct oversight.
- Transitioning to in-house management enables real estate investors to tailor their approach to property needs, fostering strategic growth and operational efficiencies.
Deep dives
The Importance of In-House Operations
Bringing multifamily operations in-house can significantly enhance the performance and profitability of a real estate portfolio. While many syndicators often rely on third-party management due to a lack of desire or knowledge about operations, doing so can prevent them from experiencing potential benefits. Having direct control allows owners to fine-tune management practices, reduce costs, and respond more rapidly to challenges that arise, particularly in areas such as vacancy and delinquency. This shift to in-house management also empowers owners to tailor their approach based on specific property needs, leading to improved cash flow.
