"Diversifying your SFR portfolio with Multi-Family Syndications and Joint Ventures"
Featuring: Local investor, broker, syndicator Ralph Reahard, MBA
A University of Richmond graduate, Ralph became a “double Spider,” graduating from University of Richmond Robins School of Business with a Master’s Degree in Business Administration. He resides in Richmond with his wife and two beautiful daughters.
He opened the Real Property Management - Richmond Metro office in August 2014 with much success. The first seven years of operations RPM Richmond Metro was ranked in the top 10% for organic growth and earned “Gold Status” in the President’s Circle, an award given to less than 5% of franchise locations.
In 2019, Ralph’s management firm, RPM Richmond Metro was named the Franchise of the Year. They beat out 335 other offices from 49 states and were recognized by their peers as the best run Real Property Management office in the country. In 2020, RPM Richmond Metro was named to the Inc. 5000 list, a national list of the fastest growing private companies in America, the firm ranked #2514.
From 2012 to 2021, Ralph has grown his own portfolio from 9 doors to a total of 286 units (55 single family homes and 231 apartment units). In 2021, he opened a new property management company in Staunton, VA and added 25,000 square feet of office space. Current assets under ownership are valued north of $50mm and monthly rental income is now over $300,000. He is proud to say that 15 years later, door #1 is still in the portfolio and still cash-flow positive!