Send us a textHave you ever considered how managing real estate assets is akin to running a full-fledged business?This week, our guest is Kyle McKinney, the Founder of Pentagon Property Academy. He shares his journey from federal government consulting to leading Pentagon Property Academy, focusing on asset management within the multifamily sector. He discusses the importance of skill sets, financial reporting, and leadership in real estate, emphasizing that buying properties is more than a transaction—it's managing a complex business. Kyle's insights into asset management, his experience with a substantial exit to a REIT, and his current endeavors in coaching provide valuable lessons for aspiring and experienced investors alike.[00:01 - 05:14] From Pentagon to Property: Kyle’s JourneyTransitioning from federal consulting to commercial real estateThe significance of mentorship and community in real estateOverview of Kyle's career and significant achievements[05:15 - 15:29] The Significance of Asset ManagementAsset management is crucial for the longevity of investmentsFinancial reporting should go beyond software-generated dataThe importance of creating a factual and accurate narrative from data[15:30 - 20:13] Lessons from Leading a REIT ExitLeading a successful exit to a REIT requires robust leadership skillsThe significance of hands-on management in multifamily investmentsLong-term strategies for sustained success in real estate[20:14 - 25:37] Current Trends and Market InsightsThe impact of interest rates and inflation on real estate investmentsThe importance of adapting to market changes with strong asset managementPredictions for the next 5-10 years in the real estate market[25:38 - 29:03] Personal Reflections and Final ThoughtsThe value of likability and networking in business successPersonal definitions of success and the importance of long-term relationshipsEncouragement to embrace continuous learning and improvementConnect with Kyle:LinkedIn: https://www.linkedin.com/in/kylemckinney35/Twitter: https://x.com/iamkylemckinneyLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"Every number has a story, and it's crucial to uncover the narrative behind financial data to manage assets effectively." - Kyle McKinney"Asset maSupport the show