Matt Davies, an investor, developer, rental operator, and fix and flipper, shares his experience in the real estate industry, specifically in North Park, San Diego. He discusses his journey from being a real estate broker to becoming an owner and investor. Matt emphasizes the importance of considering profit margins and spreads when making investment decisions. He also talks about his approach to rental properties, including the
importance of finding undervalued properties and having multiple exit strategies.
Matt highlights the challenges and rewards of being a rental property owner and the need to constantly adapt and improve. He advises aspiring investors to invest in themselves by learning about the market, walking properties, and thinking critically.
Chapters
00:00 Introduction and Background
02:21 Starting with Airbnb and House Hacking
07:05 The Importance of Going All Out in Short-Term Rentals
10:29 Considering Profit Margins and Spreads in Investment Decisions
13:17 Saying No to Grow as a Rental Property Owner
18:08 Prioritizing Health and Safety in Property Management
23:00 The Intersection of Taxes, Rents, and Property Values
25:23 The Commitment and Challenges of Short-Term Rentals
26:51 The Need for 24/7 Customer Service in Short-Term Rentals
27:20 Short-Term Rentals and Communication
29:16 ADU Development and Long-Term Rentals
32:57 Running a Hotel and Hospitality
37:09 Multiple Exit Strategies
44:26 Finding Undervalued Properties
46:19 Investing in Yourself and Learning
50:54 Recommended Resources
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Keywords
real estate, investor, developer, rental operator, fix and flipper, San Diego, profit margins, spreads, Airbnb, quality control, customer service, short-term rentals, real estate investing, San Diego, undervalued properties, multiple exit strategies, criteria, BiggerPockets podcast, books
