Self Managing your real estate portfolio can be daunting, luckily we were able to sit down with a self starter and a self managing pro, Chris Grenzig. Chris walks us through his DIY mindset and how he applied it to real estate. He outlines the mistakes and failures he’s made and what he’s learned along the way. Chris imparts method he’s used to set our listeners up for success be it trying to control a property alone or purchasing other capital growing assets.
We would like to welcome Chris Grenzig to Operators & Allocators.
A little bit about our guest,
Chris is the Founder of JAG Communities which is a vertically integrated multifamily focused investment firm based in Jacksonville, FL. Chris started investing in real estate in 2016 by attempting to flip houses in Long Island, NY. After months of failing, he attempted out of state flips, purchasing tax deeds, and finally found his footing in multifamily.
Chris joint ventured on just over 100 units, before joining Toro Real Estate Partners as their head of Florida operations. Toro purchased 4000 units worth $300 mil, with 1000 units in Florida over 4 and half years. Chris eventually left Toro in Nov 2020 to start his own company which owns and manages small to mid-sized apartment complexes in Jacksonville, MSA. JAG Communities currently owns and manages 40 units worth $3 million, with a 10-year vision to scale to $500 million AUM.
Take a look at some of the topics in this interview
0:00 – Introduction
1:18 – Chris story
5:15 – Self managing
7:35 – Is Self Managing painful?
10:10 – Deal criteria
12:33 – Market Strategy
16:24 – Biggest Risk in Multi family
20:20 – Unpopular opinion with Chris
26:20 – Bullish on low cap rates
32:50 – Sourcing deals
34:40 – Best bang for your money
40:00 – Chris’s learning lesson
46:47 – Best practices and closing thoughts
Chris Grenzig socials
The Real Estate Investing Experience
Learn more about the podcast and it’s presenters at:
Register to Invest with The Requity Group:
Learn more about the podcast and it’s presenters at: https://therequitygroup.com/ Register to Invest with The Requity Group: https://investors.appfolioim.com/trg/investor/request_access