3rd party property management can be notoriously difficult, but it can be successful if you manage it well. To make it work, you need detailed processes, actionable metrics, and weekly meetings that hold property managers accountable. Chris Lento, Founder and CEO of EM Capital, has been successful managing properties in other states by finding great property managers that execute on his business plans. Chris acquires mostly B Class multifamily properties across growing markets in the Southeast.

Mobile Home Parks aren’t pretty, but they consistently generate more cash flow than many other asset classes. As a result, a lot of newer investors entered the space over the past several years. Unfortunately, many of them have not achieved the results they anticipated because of the arduous nature and complexity of boosting occupancy and managing these properties. Mario Datillo, CEO of Celebrate Communities, has fourteen years’ experience in the Mobile Home Park business and is buying these com

In most markets, multifamily has faced multiple headwinds. Over supply has impacted Class A, B and C properties as renters have sought out lower rents plus concessions. Occupancy has become a challenge, and rents are flattening or contracting. At the same time, insurance costs have doubled or even tripled, and property taxes have doubled in many markets. Concurrently, operating expenses have also skyrocketed. Brian Levredge, President of Pinnacle Asset Management, owns 60’s and 70’s multifamily