How does a 9th-grade dropout end up retiring early in his 40s with over 50 rental properties that generate the highest possible cash flow?
And we’re not talking about big properties—no apartment buildings or commercial real estate. This investor built the perfect rental property portfolio from duplexes and triplexes—small multifamily properties that any new investor can buy. Instead of taking his energy and buying larger properties, he reinvested in the ones he had, which made him even more money, allowing him to scale faster.
Matt (the Lumberjack Landlord) and his wife have self-managed over 100 rental units, meaning all that cash flow goes to them. Using his “acquire, stabilize, optimize” formula, Matt’s rentals make hundreds more in cash flow per unit than other properties. This has allowed him to retire in his 40s, all while supporting his family of six.
Today, he’s showing you how you can make the most from your rental properties, too. Simple utility changes, smart renovations for higher rents, cheap (and efficient) upgrades, and more can put hundreds of dollars back in your pocket every month. Plus, he shares how to keep your best tenants, even during tough economic times. If Matt could do it all while working 60+ hour weeks, why can’t you?
Dave:
This investor can self-manage 150 units. You can manage one or five or 10. Today the lumberjack landlord is here sharing how he’s built a life-changing portfolio out of duplexes and plexes, all with low vacancy and almost no tenant headaches. Hey everyone, welcome to the BiggerPockets podcast. I’m Dave Meyer, head of real estate investing at BiggerPockets. Our guest today is Matt, the lumberjack landlord. Matt has built himself a really impressive portfolio that allowed him to retire early from a tech career last year, but he didn’t do it by scaling to bigger multifamily properties. He owns more than 50 different properties, almost all of them duplexes and triplexes. In this episode, he’s going…