Are you ready to take bold action in your business? Often, the difference between success and stagnation is stepping out of your comfort zone and going after what you want.

In today’s episode of the Life On Your Terms podcast, I sit down with Matt Floyd, co-founder of a property management company specializing in short-term rentals. Matt shares his journey of building a successful business in the real estate and hospitality industries. We dive into how Matt and his partner grew their portfolio from managing 30 properties to closing a deal that brings in 18 more properties across Hawaii. Along the way, Matt offers insights into scaling a business, making strategic acquisitions, and navigating the world of vacation rentals.

Tune in to learn more about taking calculated risks, growing your business, and achieving financial freedom.

Key Points:

• Transitioning from W2 to entrepreneurship and building a business around short-term rentals.
• The power of taking action and how unexpected opportunities can lead to major growth.
• Navigating acquisitions and scaling up in the property management business.
• The benefits of real estate investing and property management for achieving financial independence.
• Lessons learned from moving from small multifamily properties to managing a large portfolio of vacation rentals.

What we discuss:

• [00:04:40] Onboarding 18 new properties in Hawaii and the power of taking action.
• [00:09:00] Structuring business deals with seller financing and growth strategy.
• [00:16:00] Lessons learned from real estate investing and building a property management company.
• [00:32:00] The importance of finding actual numbers when analyzing potential short-term rental markets.
• [00:39:00] Scaling up, setting goals, and making key hires to run the business more efficiently.

Guest Insights:

Matt Floyd emphasizes the importance of taking decisive action and staying focused on long-term goals. He shares how consistent effort, finding the right partners, and building relationships in the real estate space helped him scale his business. Whether it's property management or making strategic acquisitions, Matt's approach to growth is a testament to the power of persistence, planning, and learning from every experience.

About Matt Floyd:

Matt Floyd is the co-founder of a successful property management company focused on short-term rentals. Matt transitioned to real estate investing and has grown his portfolio significantly over the years. His expertise includes multifamily properties, vacation rentals, and scaling property management businesses through strategic acquisitions.

Find more from Matt Floyd:

• Instagram: https://www.instagram.com/stayclassyairbnbguys
• Podcast: Failure to Freedom 

Connect with Jake Rosenthal:

• Website: https://www.purelegacies.com
• TikTok: @jake.r.rosenthal
• Instagram: @jake.r.rosenthal
• YouTube: Jake Rosenthal
• Podcast: Life On Your Terms with Jake Rosenthal 

Podcast: Life On Your Terms with Jake Rosenthal

Thank you for tuning into the "Life On Your Terms" podcast. If you enjoyed this episode, don't forget to leave a review, including topics you’d like to hear. Join us next time as we explore more ways to live life on your terms with inspiring guests and impactful stories.