RPP - Learning Your Way to 3,000+ Units with Chris Grenzig

Dylan Marma interviews Chris Grenzig who is the Asset Manager for Toro Real Estate Partners. 

• Stick to your underwriting and your numbers and deals will follow 
• Scale responsibility, don’t feel you have to jump to large units
• • Builds confidence with investors, brokers, and the rest of the team
  • Chris started with an 8 unit property and is now looking at 300+ unit deals
• Partnerships allow you to earn and accelerate the learning curve
• Have one clear focus 
• Make sure the deal is the correct fit based on your investing criteria
• “Pain + Reflection = Progress” - Ray Dalio
• • When a deal is underperforming be transparent and honest
• Continue “Trial & Error” to find the niche that you love about real estate
• Don’t dwell because it inhibits your growth going forward
• Find a way to give back to the community because it provides a bigger why and impact on your day-to-day life
• “Teaching is the highest form of learning” Dylan Marma
• Always continue to learn and ask questions
• Vetting Property Managers
• • What is their track record?
  • Are they in the same market you are investing in?
  • Make sure property managers understand the business plan
  • How flexible is the management team?
  • Asking investors referrals for property managers
• Expert Tip: Weigh the downside of a property 

 

Contact Information:

Instagram: @Chris.Grenzig

Chris@tororep.com

 

Invest with Rand Partners 

Follow Us on Linkedin @Randpartners

Follow Us on Instagram @Randpartners

Follow Us on Facebook @Randpartners

We're here to help create real estate entrepreneurs... 

 About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino here --> https://jakeandgino.com.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.