The Multifamily Wealth Podcast
Axel Ragnarsson speaks with successful real estate investors and dissects how they started, built, and scaled their businesses. In each episode, listeners can expect tactical and actionable information to help grow their business and real estate portfolio.
The Multifamily Wealth Podcast
#276: Effectively Operating a Large Portfolio of Scattered-Site Multifamily + Leveraging Tech in Operations with Michael Root
In this episode, we sit down with Michael Root, managing partner at Root Property Group, to discuss how he successfully operates a scattered-site multifamily portfolio in Chicago. With nearly 800 units across 80+ buildings, Michael shares how his team optimizes operations, builds community among residents, and leverages technology to streamline processes.
Join us as we dive into:
- Michael’s journey from managing his father’s small portfolio to building a vertically integrated real estate company
- The challenges and strategies of managing a scattered-site portfolio
- How technology—like AI-driven chatbots and automated scheduling—is improving property management efficiency
- The value-add playbook: When to renovate, refinance, or sell
- The importance of tenant experience in achieving an 82% lease renewal rate
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.
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Connect with Michael:
Root Property Group: https://www.rootrealty.com/
Connect with him on Linkedin
Email: mroot@rootpg.com for Chicago Property Investment Deals!