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

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 30 October 2019

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Welcome to the Wheelbarrow Profits Podcast, Rand Partners Edition.
0:10.2	All right, what's up, everyone? This is Dylan Marma, coming to you with the Rand Partners
0:14.4	podcast. Here today to share with you a guest, a good friend of ours. His name is Chris
0:20.2	Grenzig. He's with Toro Real Estate Partners, and Chris is going to share with you a guest, a good friend of ours. His name is Chris Grenzig. He's with Toro Real
0:22.0	Real Estate Partners. And Chris is going to share with us a little bit on his story, his experience,
0:26.9	and then we're going to get into what goes into a value ad deal and how to vet out property
0:32.5	management companies. So how are you doing today, Chris? I'm good, man. Thanks for having me on.
0:36.9	That's great to have you on.
0:38.5	Looking forward to today's show.
0:40.1	I know we just recently were on your new podcast.
0:42.6	What's the podcast name?
0:44.0	It's called The Real Estate Investing Experience.
0:46.9	We're up to four episodes now.
0:48.2	We just released Jake's episode.
0:50.9	So yeah, I'm super pumped.
0:52.2	It's finally been done. It's been about five, six months in the
0:55.4	works. So it's relief to finally have it out there and done with. So it's good. That's awesome.
1:01.5	Well, you know, you've been a huge resource to us. You know, we appreciate just all the help
1:06.0	back and forth. I know you and I meet pretty much routinely on a monthly basis for mastermind and talk,
1:11.5	you know, pretty frequently. And, you know, I think in terms of, you know, we've done investor
1:15.7	events together over the last year. And it's been, you know, so we just appreciate the
1:19.8	relationship we have with you guys and definitely, uh, just love to see what you have going on. I know
	...

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