This document summarizes an interview with Thomas Gajewski and William Gajewski about their family's real estate business, Gajewski Reality Trust, LLC. It discusses how the business was started in 1958 by their grandfather Joseph Gajewski and has since expanded from 12 to 152 apartment units under Thomas and William's management since 1993. Some challenges mentioned include finding honest workers, renovating run-down properties, and learning business management, but the business has seen success through expansion, financial growth, and keeping tenants happy. Future plans include acquiring more buildings, maintaining 100% occupancy and upgrading properties.

1. Gajewski Reality
Trust, LLC
Nicole Gajewski
Nichols College
Business and Society
MGMT 100-02

2. Introduction
 Interviewed:
 Thomas Gajewski
 William Gajewski
 Relation:
 Tom is my father
 Bill is my uncle
 Company
 Gajewski Reality Trust, LLC

3. Gajewski Reality Trust, LLC
 Founder: Joseph Gajewski
 Started his own business in 1958
 Handed down to sons in 1993
 Real-estate company
 Being an LLC
 More protection if sued
 Better with taxes

4. Background
 In 1958, Joe Gajewski built and opened Southbridge
Tire
 Then bought
 Lavocies Liquor Store
 Swan River Plaza
 When the company was handed down Tom and Bill In
1993 they bought:
 Apartments on Elm Street
 Mayflower Apartments
 Fiske Hill Plaza
 Savoy Apartments
 Laurel Ridge Apartments
 Savoy Plaza
 Currently building more apartments

5. Southbridge Tire
 Partnership with Brother-In-Law, Walter
Postemski
 Worked 7 days a week
 Went through Connecticut finding old tires
recapping them to make new ones
 Started then to by new tires:
 Saved time
 Cheaper
 Saved money
 Received a loan

6. The Business Now
 Training:
 Self-taught
 Learned by mistakes
 Comparison to today:
 Strongly running
 Started out with 12 apartment units
 Now have 152 apartment units

7. Success
 Expanding more
 Growing financially
 Keeping the tenants happy
 Learning and growing off of:
 Doing maintenance yourself
 Taking over as many projects as you can
 Good service

8. Challenges
 Finding honest and hard workers
 Taking run down properties and turning them into
a thriving property
 Learning how to run and maintain the business
 Most difficult challenge:
 The Mayflower building was bought was poorly
managed and run down
 Revamped and flipped which lead to be fill 100%
 Flaws of the business:
 Finding trust in people
 Managing your own money

9. Future Plans
 Expanding to more buildings
 Keeping 100% occupancy
 Maintaining appearance
 Making upgrades
 Keeping overhead cost down

10. Advice
 Not being a landlord in mass
 Cant make your own discussions
 Housing agreements geared towards to landlords
 Save money
 Have good credit
 Look when buying a property to see if its making
money
 Or if it’s a new or old building
 Needs upgrades or not

11. Unique Questions
 Should you own a business own your own or with
a partner?
 On your own if you can
 Easier to run own your own because everyone has
different ideas
 A partner is good if you don’t have money

12. Market for Rental Property
 People are losing homes and will rent
 Older residents are good tenants