Multifamily Insights

Breaking into Multifamily at Just 17 with Kylan Yarbrough, Ep. 735


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Kylan Yarbrough began his journey in multifamily real estate at just 17 years old. By 19, he had already advanced to regional property manager, and today he brings an owner-operator mindset to his 195 multifamily units. With a background rooted in ground-level operations and a passion for improving communities, Kylan is also developing property management software to bridge the communication gap between owners and operators.

 

 

📢 Announcement: Get 25% off your first two months with Hemlane’s property management software — visit hemlane.com and use the promo code: multifamilypodcast25.

 

 

Key Takeaways
  • How starting as a porter gave Kylan deep insight into every layer of multifamily operations

  • Why owner-mindset thinking from day one accelerated his growth

  • Common disconnects between owners and property management teams

  • The importance of training and internal growth within property management companies

  • How his new software aims to proactively flag performance issues before they become major problems

 

 

Topics

From Porter to Owner

  • Kylan started in property management as a porter, cleaning and handling on-site tasks

  • He quickly moved through roles by intentionally learning every position and system

  • His approach was always guided by an owner’s mindset, even in junior roles

Owner vs. Property Manager Mindsets

  • Many PMs lack ownership-level insight into KPIs, NOI, and long-term strategy

  • Owners can benefit from ensuring their managers are trained to think like operators

  • Proper onboarding and ongoing education within PM companies reduces turnover and improves resident experience

Building a Property Management Software

  • Kylan is developing a tool focused on owner alerts, resolution pathways, and red flags

  • The platform bridges the gap between raw data and actionable, ownership-specific insights

  • It includes engagement scoring and automation to improve communication and oversight

Improving Team and Tenant Retention

  • High staff turnover damages resident trust and community stability

  • Owners should evaluate management companies based on their support structures for staff development

  • Aligning incentives and visibility helps everyone perform with clarity and purpose

 

 

📢 Announcement: Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.

 

 

Round of Insights

Failure that set Kylan up for success: Getting fired from a PM job for trying to underwrite a deal as a potential buyer motivated Kylan to fully transition to ownership, ultimately connecting him with key mentors.

Digital or mobile resource: Crexi – great for scanning deals quickly and connecting with brokers.

Book recommendation: Rich Dad Poor Dad – opened his eyes to financial expansion and real estate investing.

Daily habit that helps stay focused: Showing up consistently, even without motivation—plus micro workouts to reset energy.

#1 Insight for being an owner-operator: Have fun, stay growth-focused, and build genuine communities—not just portfolios.

Favorite restaurant in Dallas, TX: Shell Shack.

 

 

Next Steps

 

 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.

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Multifamily InsightsBy John Casmon

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