How He Manages C-Class Properties from 500 Miles Away with Steven Weinstock, Ep. 636

Multifamily Insights

Steven Weinstock, Principal of WE Capital LLC, is a seasoned real estate professional with nearly two decades of experience. Since his first investment in 2001, Steven has built a diverse portfolio focused on multi-family assets, leveraging his strategic expertise to maximize property value and deliver consistent returns to investors. His commitment to transparent and communicative relationships ensures investors are well-informed throughout their investment journey.

Based in Brooklyn, NY, Steven has successfully executed strategic initiatives across multiple states, including Ohio, Kentucky, and Texas. Beyond real estate, Steven is dedicated to his community, actively volunteering alongside his wife and seven children, embodying the values of integrity and excellence that define WE Capital LLC.

In this episode, we talked to Steven about the importance of patience in investing endeavors, identifying the right partner, his decision-making process while investing in other markets, how he manages c class assets that are further away from where he’s located, and much more.

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Multifamily Investment;

02:16 Steven's background;

03:11 Patience in investing;

10:09 How to identify the right partner;

14:31 Steven’s decision-making process while investing in other markets;

19:18 How he manages C class assets that are almost 500 miles away;

23:28 Hiring a property management company vs. an on-site manager;

28:27 Round of insights

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Round of Insights

Apparent Failure: Mistakes in earlier endeavors, e.g. not doing background checks on new tenants.

Digital Resource: Podcasts.

Most Recommended Book: Rich Dad Poor Dad.

Daily Habit: Praying every morning and spending time with family before work.

#1 Insight for scaling a multifamily portfolio: Finding the right partner to work with is key.

Best place to grab a bite in NYC: Essen NY Deli.

Contact Steven:

Website: https://www.wecapitalx.com/

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