In this episode of The Academy Presents: Real Estate Investing Rocks, Angel sits down with real estate investor and operator Greg Scully to unpack the realities of asset management vs property management. From working with third-party managers to building an in-house management company, Greg shares real-world lessons from apartments, RV parks, and syndications across Tennessee. This conversation goes beyond theory and dives into the human, operational, and financial sides of managing real estate at scale.

Topics Covered

• The difference between asset management and property management
• How to effectively “manage the manager” when using third-party property management
• Key reports and metrics asset managers should review regularly
• Handling underperformance, communication, and accountability with management teams
• Labor shortages, maintenance challenges, and operational bottlenecks
• Knowing your lane and avoiding opportunity cost as an investor
• The emotional and human side of owning and operating properties
• Navigating rent increases responsibly within local communities
• Using unit tiers and alternative income streams instead of blanket rent hikes
• The pros and cons of starting an in-house property management company
• Controlling timelines, expenses, and vacancy during heavy rehab projects

Quotes

“Anybody can do it, but not everybody can do it well.”

“You can be uncomfortable and growing, or uncomfortable and not operating in your lane.”

Connect with Angel: https://www.linkedin.com/in/angel-williams-re/

Connect with Greg : https://www.linkedin.com/in/gregjscully/