Chris Grenzig

We manage residential properties around Orlando and Jacksonville from single family to 80 unit apartment buildings. We’ve also bought and managed 200+ units.

[Chris Grenzig @ChrisGrenzig]

Happy to announce we’ll be rebranding our PM company with the switch to taking on 3rd party property management clients and other owners. Having managed our own 70+ units for 3 years we feel we’re ideally poised to manage others properties, understanding being an owner and a PM

[Chris Grenzig @ChrisGrenzig]

@SMB_Attorney @danielcronauer We’re annual pass holders and that’s not actually true. Definitely full a lot of days but not every day. Otherwise they wouldn’t have their good to go days where you don’t need a reservation

[Chris Grenzig @ChrisGrenzig]

@dig_deeper1 There are PM companies that nickel and dime every last thing, but most don’t. There’s pros and cons to being the PM and the landlord. We own our own rentals and manage for others so I see both sides of it.

[Chris Grenzig @ChrisGrenzig]

If you think property values will automatically go up because interest rates go down, good luck

[Chris Grenzig @ChrisGrenzig]

@bairdk This is incredible, I’m hoping it all works out for everyone involved.

[Chris Grenzig @ChrisGrenzig]

@WillColeman31 It’s always an extremely tense situation no matter what exactly is going on, so always feels better to move on.

[Chris Grenzig @ChrisGrenzig]

@TheJSantiago Easier said than done, it’s our properties so I see and live everything and understand why days on market has double and rents have flattened or dropped and it’s still tough for me to swallow. Being just the owner would make that even tougher

[Chris Grenzig @ChrisGrenzig]

Seeing more and more property managers relax their criteria slightly to get units rented. We haven’t evicted a tenant we’ve placed in over 3 years because we hold standards firm and high.

3x rent, 620 minimum credit score, credit and background checks, rental references

[Chris Grenzig @ChrisGrenzig]

2018-2021 you could look at a rent roll and assume you could push rents to the highest rent or even more than that. 2022-today, you have to look at the most recent lease versus the highest rent and figure out if there’s gain to lease or not

[Chris Grenzig @ChrisGrenzig]

@WillColeman31 Compared to 18-24 months ago it’s night and day. We used to just list a unit for $25-50 more than the last one and have an app within 2 weeks if not sooner. Now our DOM is 45 days and we’re having to drop rents sometimes or do concessions.

[Chris Grenzig @ChrisGrenzig]

Efficient can mean fast and expensive, slow and cheap, but usually tough to get it done quick and cheap while maintaining quality. We never want to sacrifice on quality

[Chris Grenzig @ChrisGrenzig]

A property managers job is to make problems go away as efficiently as possible.

[Chris Grenzig @ChrisGrenzig]

@YonahWeiss Honestly I’d just stop responding. I rarely do that, but at some point they don’t even deserve your attention any further

[Chris Grenzig @ChrisGrenzig]

@TheRealtorDanK Oh nice, glad to hear it worked. Idk why the whole thing made me feel like it isn’t going to work for some reason

[Chris Grenzig @ChrisGrenzig]

Had to verify our business on google by shooting a video, very odd process and was annoying. The instructions were vague and still not sure if we did it right

[Chris Grenzig @ChrisGrenzig]

Speed and efficiency of handling maintenance requests plays a huge role in resident satisfaction. Always apparent when we takeover for another company with a lower standard than ourselves

[Chris Grenzig @ChrisGrenzig]

Don’t skip on at least annual preventative maintenance or property condition reports. Helps you spot small issues before they become big, and helps you know who is treating your property right and you want to keep long term

[Chris Grenzig @ChrisGrenzig]

We’re 90% collected for our 3rd party clients if you include our inherited problem tenants, 100% collected if you exclude them. Across our whole portfolio we’re 96.7% collected or 98.55% excluding problems. We have one notoriously late payer still outstanding.

[Chris Grenzig @ChrisGrenzig]

@WillColeman31 Basically the same, but no deal in FL comes close to penciling to that right now, so I’ve just been doing back of the napkin for the last 12-18 months

[Chris Grenzig @ChrisGrenzig]

We’re not buying deals because some of our competition is buying deals with cap rate compression on exit, and I know this for a fact. They brag about it and justify it