621: 3rd Party Management Can Be Effective With The Strategic Focus

3rd party property management can be notoriously difficult and aggravating, but it can be successful if you manage it properly. To make it work, you need rigid processes, actionable metrics, and weekly meetings to 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 help him execute on his business plans. Chris acquires B Class multifamily properties across emerging markets in the Southeast. More recently, he’s begun to focus on newer properties starting with an acquisition of a 2022 build property.