#335 - Retiring Early with 4 STRs Using the Path of Progress Strategy - Sandy Lee

In this episode of Living Off Rentals, we are joined by someone with nearly 30 years of experience in the engineering and construction industry.

Sandy Lee is a former engineer and construction professional who retired early by building a portfolio of just four short-term rental properties. She discovered short-term rentals, developed what she calls the "Path of Progress" strategy, and created enough passive income to leave her full-time job.

Listen as Sandy shares how she transitioned out of her corporate career, the lessons she's learned as a short-term rental investor, and why keeping your investing strategy simple can lead to financial freedom. Enjoy the show!

Key Takeaways:

[00:00] Introducing Sandy Lee and her background

[02:40] Getting into short-term rental investment

[04:24] Buying her first short-term rental property

[06:41] What gave Sandy the confidence to purchase a big rental investment

[10:35] Looking beyond today's cash flow when buying properties

[12:20] Determining if a property is going to appreciate in cash flow

[18:29] Importance of hiring a revenue manager

[20:24] Hospitality is the most important part of the business