Our founder, Chris Lento, recently had the pleasure of joining Ray Hightower on the ROI Clear Podcast to discuss his journey from mechanical engineer to multifamily real estate investor, the impact of engineering precision on asset management, and what’s next for EM Capital.
Key Highlights:
- Journey from Engineer to Investor:
- Chris transitioned from a successful career as a mechanical engineer to full-time real estate investing, leveraging his analytical and project management skills to grow EM Capital.
- He purchased his first multifamily property in East Boston, self-managing units while working full-time and scaling his portfolio.
- Navigating the 2008 Financial Crisis:
- Chris’ focus on cash-flowing assets allowed him to maintain stability despite property value declines during the global financial crisis.
- His experience highlighted the importance of prioritizing steady cash flow over fluctuating paper valuations.
- Engineering Precision in Real Estate:
- EM Capital’s strength lies in asset management, employing metrics-driven strategies and engineering discipline to optimize performance.
- Chris’ background enables him to streamline operations, improve property value, and efficiently manage renovation projects.
- Strategic Partnerships:
- EM Capital’s lean internal team collaborates with strategic partners specializing in acquisitions and capital raising, allowing for efficient execution of large-scale deals.
- Partnerships expand their capabilities while maintaining a focus on high-quality asset management.
- Addressing the Housing Crisis:
- Chris is committed to providing well-managed housing options for middle-income families.
- EM Capital uses programs, such as tax incentives in the Carolinas, to balance investor returns with community support, achieving substantial savings while maintaining affordable rents.
- Future Growth and Diversification:
- EM Capital plans to diversify into retail and industrial real estate, targeting grocery-anchored retail centers and flexible industrial spaces.
- The strategy includes focusing on experience-based tenants and supporting local businesses, capitalizing on trends like e-commerce growth and domestic manufacturing needs.
- Advice on Revenue Opportunities:
- Chris shared insights on generating additional income from assets, such as cell phone towers, emphasizing the importance of patience and working with knowledgeable agents.
- Books That Inspire:
- Chris recommends Principles by Ray Dalio and Who Not How by Dan Sullivan, which have influenced his approach to leadership and delegation.
Chris’ story is a testament to the power of disciplined, strategic investing. From self-managing seven units during a global financial crisis to building a scalable, multifaceted real estate investment firm, Chris continues to blend his engineering expertise with entrepreneurial acumen. His focus on well-managed properties and thoughtful growth ensures EM Capital not only delivers solid returns but also contributes positively to communities.
Connect with Us:
For more insights, visit our website.
Connect with Chris Lento: LinkedIn.
Listen to the Full Episode: Available on Apple and Spotify.
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