#201 with Chris Grenzig: Scaling to 40 Units and Starting His Own Property Management Operation

Millennial Millionaire Real Estate Podcast

English - March 29, 2021 19:10 - 44 minutes - 81.7 MB - ★★★★★ - 56 ratings
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Previous Episode: #200 with Jonathan Farber & Claire Rosenberg: Reflecting on 200 Episodes & Favorite Memories

Next Episode: #202 with Avery Heilbron: The Power of House Hacking & The Benefits of Working With Section 8 Tenants

In this episode, Jonathan Farber brings back Chris Grenzig to continue the discussion on his path from jumping around between flipping tax deeds, and small multifamily, to amassing 40 units and starting his own property management operation. Chris is an investor and property manager based in Jacksonville, Florida. In this episode, we dive into topics like: education from a real estate firm, why you need a mentor starting off, how to best force appreciation, and more!

Top Takeaways:

Lessons from a real estate investing firm - 9:45 - 12:15

Especially if you’re at a small company, you can assume a lot of responsibility with some support
You get the chance to master your assigned tasks under the tutelage of seasoned players
You also may get exposure to other aspects of the business that will help you down the line

The value of mentors - 12:30 - 14:30

Even if you have a bit of your own solo experience, living in the institutional world immerses you
The more you can leverage the experience around you the faster you can learn
If you can find a job in the business, you can literally get paid to train yourself for the future

Finding the best ways to force appreciation - 27:15 - 30:30

Consider comps as a baseline for where you can take your units reasonably easily
The more data points you can compare to the better your conclusions will be
Include potential outcomes where your new rents are either lower or higher than your target

How to bring value to Chris Grenzig:

Check out his social media and podcast

Resources:

#15 with Chris Grenzig: The Power of Mentorship and a Rock Solid Corona Game Plan

Social Links:

biggerpockets.com/users/ChrisG149

@chris.grenzig

linkedin.com/in/chris-grenzig

thereiexp.com

Connect With The host, Jonathan Farber Here!

[email protected]

LinkedIn: https://www.linkedin.com/in/jonathanfarber1/