#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 [21:55] How does she get high reviews [24:26] Managing her properties in four different locations [26:12] How technology helps simplify property management [29:15] The milestone that gave Sandy the confidence to leave her full-time career [31:14] What separates people who have more success from those who struggle [32:41] The importance of building the right tech stack from day one [33:46] Software tools Sandy recommends for managing short-term rentals [35:49] Sandy shares details about her upcoming book, Building Joy [36:56] Connect with Sandy Lee [38:11] Outro Guest Links: Website: https://www.strjumpstart.com/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals  Want to start investing in short-term rentals? Book a call to see if my STR Blueprint program is a good fit for you: livingoffrentals.com/call