Chris shares his challenges on a third-party management company and how crucial it is to have a management company that understands the correct ways to overcome tough challenges. Additionally, he talks about the process of the capital call and how to best utilize it if something goes wrong.
Also, Chris shares a story about a local deal in Asheville, North Carolina, sharing his process dealing with the bank, operations, and how he managed to nurture relationships in the process. He added how he looked a year ahead and gave concessions to maximize payoff.