From Maintenance Guy to 4500 Doors with Glenn Gonzalez

What you’ll learn in just 17 minutes from today’s episode:

Find out about investment properties that give him the most profit, at the same time providing returns for his investors
Learn why forging good relationships matter when looking for good partners and investment deals
Learn about the best practices for the maintenance and the management of properties

Resources/Links:

Maintenance Man to Millionaire: Real Estate Wealth Creation for Everyday People by Glenn Gonzales

Summary:

Glenn Gonzales has been in the business for the past 30 years. He started as a building maintenance man, learned the industry, and ran his own property management company. He then purchased 4500 units and in 2018/19 he sold the majority of those units.

In this episode, Glenn talks about his wide range of experience in the maintenance and the management of properties and how that experience prepared him to eventually own his management company as well as several other multifamily units.

Topics Covered:

01:01 – His primary focus of concern as far real estate is concerned
01:19 – What he loves about the investment strategy he chose
02:49 – Why he chose to sell versus hold on for long-term before
03:16 – The transition from being a maintenance guy to buying apartments
06:48 – How he dabbles from one role to another
09:16 – The time he finally got to buy his own apartment
12:02 – How he found other deals from the first time he did

Key Takeaways:

“Part of my preference for selling versus holding on was where I was in my station in life. I wanted money in my pocket. And that was the quickest way to put more money in my pocket.” – Glenn Gonzales

“I learned a very valuable lesson of how important it is to have a good maintenance guy and a good manager. Because you can’t have a successful apartment complex without both of those people being on the same team and working together.” – Glenn Gonzales

“For 25 years, I navigated through property management with several different management companies. And along the way, I was just getting more and more and more experience for sure, what to do and what not to do.” – Glenn Gonzales

“Getting 4,500 units, it’s not that simple, but yes, relationships and being in the right place and the track record to experience the 25 years in the trenches, so to speak, it gave me the experience because I could tell what was a good deal from what was a bad deal.” – Glenn Gonzales

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