Axel sits down once again with Lee Yoder, founder of Threefold Real Estate Investing, to unpack the full journey of scaling from a single duplex to 900+ multifamily units and the hard lessons learned along the way.

Lee walks through how he gradually built his portfolio, why he ultimately decided to bring property management in-house, and the unexpected challenges that came with making that transition. He shares what worked, what didn’t, and the mistakes he would avoid if he were starting over today.

The conversation then dives deep into team building, operational systems, cash flow discipline, and why in-house management isn’t a shortcut but a long-term strategic decision that requires patience, capital, and leadership. This is an honest, tactical discussion for operators considering vertical integration or looking to improve execution as they scale.

Join us as we dive into:

How Lee scaled from a duplex to 900+ units over time
Why he chose to bring property management in-house
The biggest operational and leadership challenges of vertical integration
The true costs, financial and emotional of running your own PM company
How in-house management changes decision-making and accountability
What Lee would do differently if he were starting again today

Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.

NH Multifamily Fund III Details:

Download The OM For The NH Multifamily Fund III

Access The Deal Room For The NH Multifamily Fund III

Connect with Axel:

Follow him on Instagram
Connect with him on Linkedin
Subscribe to our YouTube channel
Learn more about Aligned Real Estate Partners

Connect with Lee:

Connect with him on Linkedin
Learn more about Threefold Real Estate Investing