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The Rich Somers Report

They Built an Airbnb Portfolio w/ 30+ Properties While Working Full-Time Careers | Craig Gerulski & Matt Floyd E54

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 6 June 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

On today’s episode, Rich sits down for an interview with good friends and key players in the short-term rental space – Craig Gerulski & Matt Floyd. They built a portfolio of 30+ properties while working full-time careers, and recently both just left their day jobs to pursue building their thriving business. They discuss officially being free from their W-2 jobs and the 3 models they use for their business: individual property ownership, a rental arbitrage company, and a management c...

Transcript

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0:00.0

A lot of our management clients are our coworkers, right?

0:02.5

And it's just, it's pretty inspiring to see them,

0:05.3

see us come in, work for a couple years,

0:08.5

and use that money we're earning in our jobs instead of go spend it on cars or bottles at the club or whatever we spent it bought

0:15.1

assets right and now we're able to leave our job after three years we're not working the rest of our

0:19.4

lives.

0:20.4

Welcome to the Rich Shummers report we talk real estate, business and wealth

0:24.8

building all while keeping it real. No fluff, no BS. I hope that you enjoy the

0:29.2

show. All right, guys, welcome to another episode of the reports. Today, we are back in the studio here in downtown San Diego, and I got two of my very good friends two my favorite people in the industry they are in the short-term

0:46.8

industry I got Matt Floyd and Craig Garrowski welcome to the show my man

0:51.5

appreciate you having us.

0:53.0

Yeah, thanks for having us.

0:54.0

Hard to be here, man.

0:55.0

Yeah, it's been a while, it's been a long time coming.

0:58.0

Tell me a little bit about what you guys have been up to.

1:00.0

I know you just left your day job Matt.

1:03.0

Craig you left your day job about what four or five months ago?

1:06.0

Probably two months ago.

1:08.0

Two months ago?

1:09.0

We were just out in Medelline, Colombia, early April, but dude, what's it like post W2 job and being full time in the real

1:16.3

estate investing feels great to be free right finally you know finally officially

1:20.4

free from the W2 right you kind of go through life, you go to school, you get out of school,

...

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