Cap rates and interest rates increasing means there are more opportunities out there. But not all are willing to take the risk. Today’s guest, Matt Donnelly, shares how he exited his landscaping business that took 20-30 lawns in just a couple of years while he was still in college and eventually jumped into real estate investing which led him to own his franchise business today.
Keep listening as Matt uncovers the number one key that can change one’s wealth and that will help unlock the most important part of every real estate investor’s life. Tune in now and learn more about the property management business that he’s bought and how it can turn management into leads! Catch us now!
Key Points from This Episode:
- Matt talks a little bit about his personal background.
- Matt shares about his landscaping business, his bartending and how he bridged into real estate.
- Why did Matt come up with the idea of selling his business to three different landscapers?
- Matt’s journey to becoming a full-time realtor and owning a franchise business.
- The management property company Matt has bought to manage single-family, multifamily, and commercial properties.
- How does property management help, business owners?
- The number of transactions through property management and the business plan Matt has for asset collection.
- Matt’s opinion on whether to buy in other places or to stay hyper-focused on the areas they’re currently touching.
- The secret of Matt’s work ethic and mindset.
- Matt’s vision and what he’s looking forward to in 2023.
- What is Matt’s mindset in the economy and how he’s calming down his clients and making them take a piece of the market’s reality right now.
- Matt’s forecast and his advice for investors this year.
Tweetables:
“Every real estate agent should own real estate and the majority of them probably don't. But if I'm a client, I would want someone that owned real estate and understands it.” – Matt Donnelly
“If we don't want to purchase them [properties], we can represent them and sell it to someone else. So brings in more opportunities for the sales team and for us to grow our portfolio.” – Matt Donnelly
Links Mentioned
About Matt Donnelly
Matt grew up in a large family and was raised in northeast Philadelphia. He attended Cardinal Dougherty High School and LaSalle University. He graduated with a major in information technology and a minor in business. Matt was a born business owner. He literally started selling lemonade on the corner when he was 7 yrs old. He worked 3 jobs throughout high school to help pay tuition. His entrepreneurial spirit kicked into high gear when he was a freshman in college. He started his own business and ran it successfully for almost 10 years. Real Estate was his true passion and after doing it part-time for 4 years, he decided to sell the business and go full-time with his real estate career, and he hasn't looked back since. Matt is co-owner of the Home Experts For You Team with Mike Sroka. He attributes his success in real estate to a steadfast commitment to customer satisfaction. Agents whose only goal is to close a deal or maximize their return on a single transaction is both short-sighted and disingenuous. By focusing on the best interest of his clients, he builds long-term relationships that last and result in repeat business and referrals.