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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