Ep. 82: Vacancy is the Silent Killer, with Aj Shepard and Chris Shepard

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

Brothers and business partners, Aj Shepard and Chris Shepard of Uptown Syndication join Lance to discuss the Portland multi family market and why they are bullish on this particular market. Chris emphasizes one of their main strategies of mitigating risk is being selective in their buying process and their ability to do their own property management. They dive into how the create tenant retention and their ability to add value that keeps their properties operating at maximum occupancy.

This Week’s Guests

AJ Shepard is a licensed property manager in the state of Oregon and also a licensed Contractor in Oregon. His experience in real estate starts more than 10 years ago in the contracting business. Finding his passion in real estate and construction management has created an avenue for this company help provide all services necessary to its clients. Knowing the trade and the ability to manage many allows for streamlined maintenance for the investors property at a reduced cost.

Chris Shepard is a licensed broker in Oregon and professionally manages properties in the Portland Metro area. Managing investments since 2009 Chris has extensive experience with all phases of property management and cares for each property as though they were his own. With this background, it’s simple for him to discern whether to replace an appliance or get it fixed, whether to spend the money to replace some carpet or to just have it cleaned. He has the investor’s best interests at heart.

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Episode 82