This week’s episode with Matt Durrette delves deeper into the essential aspects of a flourishing vacation and short-term rental business!
Matt talks about how they serve investors and anyone who wants to get involved in the Airbnb space, its operational and financial side, and more you should know about this investment strategy. Tune in because your support will help us bring more industry experts to this show!
Key Points & Relevant Topics
- How Matt learned about real estate investing and short-term rentals
- An efficient tool for Airbnb and short-term rental business
- What people need to know when hosting or investing in short-term rentals
- How critical location is in a short-term rental business
- Educating investors about how Airbnb works and its financial and operational aspects
- Services and investment opportunities Cozi Vacation Rentals offers to clients and investors
- Protecting a short-term rental business against the risks of state regulations
- Matt’s advice on how to invest differently in the short-term rental space
Resources & Links
Apartment Syndication Due Diligence Checklist for Passive Investor
About Matt Durrette
Matt Durrette is the Founder and CEO of Cozi Vacation Rentals, a premier, locally owned and operated vacation property management company headquartered in Fredericksburg, Texas. Cozi serves the entire Texas Hill Country and surrounding areas, connecting guests and property owners to the best luxury vacation rentals and experiences this beautiful part of Texas offers. Cozi provides 24/7 property management and marketing services for owners and unforgettable experiences for guests.
Originally founding the business out of Baltimore, MD, in 2013, Matt grew his managed portfolio in this market and throughout the East Coast to 150 homes from 2014 to 2019. During the same time, he worked full-time as a Global Business Development Manager for Northrop Grumman and attended grad school at Saint Joseph’s University in Philadelphia, where he obtained his MBA in Marketing and Data Analytics in 2018.
Matt was fortunate to meet his beautiful wife, Jenna, originally from Austin, Texas. In the summer of 2019, Jenna easily convinced Matt to move back to Texas to be near her family. Upon moving, Matt left his full-time job at Northrop and pursued Cozi Vacation Rentals full-time. In March 2020, COVID ultimately shut down Cozi’s East Coast Market. From this point, Matt chose to solely focus Cozi's growth on the drive-to tourism markets of the Texas Hill Country just south of Austin. Since April 2020, Matt has organically grown the Cozi Vacation Rentals unit portfolio in Texas from 0 to 400+ units with a team of over 50 full-time employees.
In their free time, Matt and his wife Jenna enjoy spending time with their precious daughter Grayson Virginia, traveling, and rehabbing and remodeling properties.
Get in Touch with Matt
- Website: https://www.cozivr.com/
- Matt’s Real Estate Services: https://join.cozivr.com/
- LinkedIn: Matt Durrette
To Connect With Us
Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.