Multifamily Missteps Hosted by Jerome Myers

Life and Safety Inspections Matter - Danny Randazzo

March 17, 2021 jerome myers Episode 40
Multifamily Missteps Hosted by Jerome Myers
Life and Safety Inspections Matter - Danny Randazzo
Show Notes

Today, I had the pleasure of talking with Danny Randazzo, a full-time multifamily investor at PassiveInvesting.com. His company controls more than 2,000 apartments valued at 225 million assets under management. In 2019, they were able to purchase over 120 million dollars in multifamily real estate.

Let's dive into Danny’s story and get expert advice from a real estate pro!


[00:01 – 06:26] Opening Segment

  • Danny Randazzo talks about his background and his multifamily journey 
  • Danny shares the skills he can offer in multifamily investing 

[06:27 – 11:59] The Three Amigos 

  • Danny talks about how he met his business partners
    • They slowly found alignment in their business pursuits    
    • “Let’s look at this thing together”
  • He shares some tips in building partnerships you don’t want to miss! 

[12:00 – 19:58] Life and Safety Inspections Matter

  • Danny shares that there’s not a lot of difference between a 50-million-dollar deal, a 5-million-dollar deal, and a 500,000-dollar deal.
    • Find out why! 
  • Here’s a quick shout out to our website, Myers Methods 
  • Danny tells us why we need to check if our properties have fire extinguishers and sprinkler systems 

 [19:59 – 23:48] Closing Segment

  • Danny shares some words of wisdom you’d want to check out!
  • Danny talks about what we can do if we don’t have access to people who can help us in our business

 

Tweetable Quotes:

“Be grateful for what you have and continue to work hard.” – Danny Randazzo

“Multifamily is definitely a team sport.” - – Danny Randazzo


Resources mentioned:


You can connect with Danny on Facebook, Instagram, LinkedIn, Twitter, and his website, https://dannyrandazzo.com/. Listen to his podcast, The Danny Randazzo Show. Visit his company’s website at https://www.passiveinvesting.com/ and their social media channels: Facebook, YouTube, and LinkedIn.


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