MIM 49:Let's Talk Multifamily with Chris Grenzig

Like many student-athletes, Chris Grenzig hadn’t thought much about life after graduation. He tried his hand at many jobs, applying for roles with McDonald’s, and Costco before landing a gig with a stock brokerage company where he made upward of 500 calls a day. After becoming a licensed broker himself, Chris quickly left the industry to pursue an opportunity with his brother and mother. The rest isn’t history just yet, as Chris continues to make waves in real estate. We open the show by finding out how he gained so much experience in a relatively short amount of time. With many interesting anecdotes to share, Chris tells us about how he accumulated knowledge through networking and asking good, thorough questions. On the topic, Chris opens up his playbook on how to organize good meetups, sharing special ingredients like consistency, value, and not trying to sell your guests products and services. As our conversation evolves, listeners will benefit from Chris’ valuable insight, as he provides a roadmap for aspiring thought leaders. He points out prominent landmarks like staying humble, accepting that you might not be an expert in every field, and remaining honest with partners and investors. In the latter half of the episode, we talk about Chris’ inch-wide-mile-deep philosophy and how he has found opportunity in B and C class property. He touches on how to present a good deal, as well as the virtues associated with distressed properties. As always, we punctuate the show with our fast-five rapid-fire questions. Be sure to tune in today!

Key Points From This Episode:

Introducing today’s guest, multifamily mogul, Chris Grenzig.
Chris tells us how he entered the real estate industry.
Why multifamily became Chris’ niche.
Hear about the areas where Chris was able to add value.
Chris shares tips on how to start your own meetup.
Why asking good questions can set you aside from your contemporaries.
How to present a well-researched deal to a potential partner.
Chris shares insight on some of his biggest deals in a personal capacity.
Find out how you can finance vacant properties.
Experiences Chris has had in B and C class properties.
Hear about distressed assets and Chris’ ideas on the market.
We dive into our fast-five rapid-fire questions with Chris.

Tweetables:

“John Cohen from Torro suggested I join on a trial basis. I quit my job the next day and I’ve been there for over four years now. It’s developed into a role where I run the Florida region of our portfolio. We’ve acquired 4,000 units and around $285 million worth of properties.” — Chris Grenzig [0:05:44]

“Don’t ever lie and position yourself as something you’re not.” — Chris Grenzig [0:11:17]

“When it comes to organizing a good meetup, people value consistency and they want to know why they should come.” — Chris Grenzig [0:05:44]

“If you have really good questions for people that will get them thinking, that’ll make you stand out.” — Chris Grenzig [0:14:46]

Links Mentioned in Today’s Episode:

Kronos Investment Partners
Chris Grenzig on LinkedIn
Chris Grenzig on Instagram
Chris Grenzig on Community - 6312120062
Chris Grenzig email
John Cohen on LinkedIn
Real Estate Investing Experience
Torro Real Estate Partners
Gary Vaynerchuk
John Stoeber
Fritz Ritter
How To Analyze Big Apartment Buildings And Make Them Feel Small
Kronos Investment Partners Facebook