JF 3901: Vertical Integration, Operational Control, and Doubling a Portfolio ft. Lee Yoder

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 10 May 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Best Ever CRE, Slocomb Reed interviews Lee Yoder, a multifamily owner-operator based in Cincinnati, about the transformative impact of bringing property management operations in-house. Lee shares how managing his own 283-unit portfolio led to lower vacancy and delinquency rates, a drop in turnover expenses, and significantly improved cash flow. He also details how internalizing operations enabled him to build a reliable team and scale his business more confidently—culminating in a recent acquisition that nearly doubled his portfolio. The conversation emphasizes the long-term strategic and financial benefits of aligning management incentives with ownership goals. Lee Yoder Current role: Founder of Threefold Real Estate Investing Based in: Cincinnati, Ohio Say hi to them at: threefoldrei.com or on LinkedIn Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at ⁠https://www.linkedin.com/BRE⁠. Terms and conditions apply. Try Huel with 15% OFF + Free Gift for New Customers today using my code bestever at https://huel.com/bestever. Fuel your best performance with Huel today! Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.7	forward slash express. Best ever listeners, welcome to the best ever CRE show. I'm your host,
0:34.4	Slocum Reed, and today we are joined by Lee Yoder. Lee is a good buddy of
0:39.8	mine. He is also a multifamily owner operator based out of Cincinnati. His portfolio is across
0:47.6	more of Ohio than mine. It also stretches into Indiana. Also, he's a good friend of the podcast. He's been on several times.
0:57.1	Go to best ever CRE.com or go to the podcast. Search Lee Yoder. You'll see he's been on several
1:02.5	times. He's got a lot of value to add in those episodes. I highly encourage you guys look those
1:06.8	up. Lee, how are you doing today? I'm doing great. Sloakum. Excited to be on and reconnect with you.
1:12.6	I mean, we were just talking a couple weeks ago, but excited to have another conversation with you here.
1:16.6	Yeah, you and I both have recently closed acquisitions. So there's plenty to talk about.
1:21.2	That's right. Even for, you know, Q2 2025, we've both got some exciting things going on.
1:29.5	Best ever listeners, I have an agenda for this interview. I am here today to explain to the best ever listeners how critical it is
1:39.0	or how valuable it can be to have your multifamily operations in-house. I think this is something that
1:46.8	is widely overlooked. I think it's widely overlooked because the vast majority of syndicators don't want
1:51.7	to bother with operations, not because of the lack of value. And I think what my expectation,
1:58.7	this is not scripted, I told Lee, I had questions for him that I wasn't going to tell him in advance.
	...

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