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
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