Mar 20, 2024
In this episode of Living Off Rentals, our guest is someone who left his full-time job to live off rentals, a goal for many of us.
Matt Floyd is a real estate investor who uses rental properties as his tool for financial freedom. Fresh from his transition from working a full-time day job to becoming a full-fledged entrepreneur, he shares great insight on how he got started doing real estate. He will also share the power of picking the right types of deals.
Take a listen and enjoy the show!
Key Takeaways
[00:00] Introducing Matt Floyd and his background
[06:37] The mindset shift to financial freedom
[14:12] Transition to short-term rentals
[22:21] Different metrics to look for when deciding on a deal
[34:07] Lessons Matt learned in managing properties
[37:54] Getting VAs
[45:29] How much did Matt pay for VAs?
[47:21] Automation and property management back-end software
[52:31] His realizations after leaving his W-2 job
[57:43] Embrace the uncertainty of being a full-time entrepreneur
[59:46] Connect with Matt Floyd
Guest Links
Website – stayclassyhomes.com
Email – matt@stayclassyhomes.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals