JF 4041: Tenant Credit, Triple Net Leases and Relationship Capital ft. David Hrizak

Sep 27, 2025

David Hrizak, Principal at Streamline Asset Management, brings nearly 30 years of commercial real estate experience. He shares his journey through a pivotal $4M project during the Great Recession and highlights the crucial role of community bank relationships. David discusses transitioning from multifamily to commercial due to the stability of long-term leases and explains triple net leases that simplify owner expenses. He emphasizes the importance of learning from past mistakes and being opportunistic in a fluctuating market.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Pivot Saved A $4M Project

David was $4M into a townhome build when the Great Recession hit and his partner died suddenly.
He pivoted the plan, converted units to rentals, worked with the bank, and later sold for a profit.

ANECDOTE

Grief, Grind, And A Decade Of Recovery

After his partner died David worked 18-hour days managing field and admin tasks while rebuilding the company.
He spent about a decade recovering emotionally and operationally from that period.

ADVICE

Ask Sponsors About Their Worst Deal

Ask sponsors about their worst deals and how they navigated them before investing.
Use those answers to judge transparency, resilience, and the sponsor's relationship approach.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

On this week’s episode of Multifamily Mastery, John Casmon interviews David Hrizak. With nearly three decades of experience across asset classes, David shares his evolution from Chicago broker to vertically integrated developer and investor. He recounts the pivotal $4M townhome project during the Great Recession, the sudden loss of his partner, and how relationships with community banks helped him pivot, survive, and ultimately thrive. David explains why he shifted from multifamily to commercial—highlighting the stability of long-term leases, the value of tenant credit, and how to structure triple-net leases that pass expenses through to tenants. He also stresses the importance of asking sponsors about their worst deals, vetting relationships, and learning from experienced partners before diving into commercial real estate. David Hrizak
Current role: Principal, Streamline Asset Management & Streamline Development
Based in: Phoenix, AZ
Say hi to them at: https://www.streamlinecapitalgroup.net | Linkedin

Try Gusto today at gusto.com/CRE, and get three months free when you run your first payroll.

This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you’re brand new to oil and gas investing.

Visit investwithsunrise.com to learn more about investment opportunities.

Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER

Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show!

Join the Best Ever Community

The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria.

Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow.

Apply now at ⁠www.bestevercommunity.com⁠

Learn more about your ad choices. Visit megaphone.fm/adchoices