Self Storage Income podcast

Player FM - Internet Radio Done Right

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تمت الإضافة منذ قبل five أعوام

المحتوى المقدم من AJ Osborne. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة AJ Osborne أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Mind The Business: Small Business Success Stories

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Understanding Taxes as a Newly Formed Small Business - Part 2 of the Small Business Starter Kit 28:24

منذ 12 يومًا28:24

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قوائم

إعجاب

احب

28:24

In our second installment of the Small Business Starter Kit series - we’re tackling a topic that’s sometimes tricky, sometimes confusing, but ever-present: taxes. Hosts Austin and Jannese have an insightful conversation with entrepreneur Isabella Rosal who started 7th Sky Ventures , an exporter and distributor of craft spirits, beer, and wine. Having lived and worked in two different countries and started a company in a heavily-regulated field, Isabella is no stranger to navigating the paperwork-laden and jargon-infused maze of properly understanding taxes for a newly formed small business. Join us as she shares her story and provides valuable insight into how to tackle your business’ taxes - so they don’t tackle you. Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…

Self Storage Income

منزل السلاسل•Feed

The authority on creating wealth and income through self storage. Find our video podcast on YouTube: https://www.youtube.com/playlist?list=PLoaCszL7eN9T7EixaJgL49WTLsT-CWLD1

434 حلقات

#Trading #Entrepreneur #Business #AJ Osborne #Podcasting Education #Self Storage

Self Storage Income

26 subscribers

updated منذ 7 أيام

منزل السلاسل•Feed

The authority on creating wealth and income through self storage. Find our video podcast on YouTube: https://www.youtube.com/playlist?list=PLoaCszL7eN9T7EixaJgL49WTLsT-CWLD1

434 حلقات

#Trading #Entrepreneur #Business #AJ Osborne #Podcasting Education #Self Storage

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Self Storage Income

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287. Self Storage “Deals of a Lifetime” Flooding Back to the Market (We’re Buying!) 42:11

منذ 7 أيام42:11

42:11

Self storage “deals of a lifetime” are already hitting the market! Is the self storage deal drought over? It’s certainly starting to feel like it. More and more self storage investments are now making financial sense at prices sellers are willing to accept—and we’re taking full advantage. If you’ve been waiting to buy your first or next self storage facility , this may be the perfect time to get in, as sellers are FINALLY waking up to reality and considering offers well below asking price. We’ve already got multiple deals under contract this year, but this buyer’s market will NOT last long . Why are sellers finally starting to come around? Is it due to low buyer demand or high interest rates lasting too long? There are multiple factors forcing sellers to reconsider offers that they would have, up until recently, laughed at. So, how do YOU take advantage now and acquire assets that’ll be home-run deals in just a few years? We’re walking you through how to get in the game , build your self storage investment “buy box,” and score a “deal of a lifetime” before the market flips back to the seller’s side. What you’ll learn in today’s show: Why self storage sellers are finally starting to accept under-asking price offers The new buyer’s market forming and how long it could last The one thing you MUST do before you start making offers on storage facilities Why it will cost you to NOT make offers (even on “overpriced” deals) Beginner-friendly self storage facilities with ZERO competition from the big players Scoring a 30% price reduction on a facility everyone else overlooked! — Self Storage Inner Circle - https://www.selfstorageincome.com/inner-circle…

Self Storage Income

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286. 6 Ways to Optimize Your Storage Facility with AI (Pricing, Revenue, Support) 40:56

منذ 7 أيام40:56

40:56

Can you use AI to run a self storage facility ? Yes, and it can do it better than you can. Don’t worry; AI (artificial intelligence) won’t take your checks and put them into its artificial bank account. You’ll still keep all the profits. But, thanks to massive leaps in technology, you can use AI to streamline and optimize almost every part of your self storage business , from customer support to revenue management, drafting lease agreements , and even underwriting deals for you! Today we’re sharing how we’re using AI in 2025 to boost our self storage profits , reduce our team’s busy work, and find opportunities for us. We’ll walk through the six ways AI can help any storage operator , whether they’re a large or small investor. We’re talking about operations, marketing, revenue management, customer retention, business strategy, and legal and compliance. If you’ve got a couple of storage facilities and you’re running them by yourself, these integrations can help cut your workload in half so you have more time to focus on building your portfolio. For larger operators, we’ve seen these additions massively trim the busy work (and costs that come with it) we’re used to dealing with daily. AI is a game-changer IF you use it the right way . Good news: we’re explaining exactly how to do that. What you’ll learn in today’s show: How to use AI (artificial intelligence) to make MORE money from your facility with less work Using AI to analyze key customer trends so you keep more monthly revenue Pinpointing the “gaps” in the market to beat out all other storage operators in the area Getting more five-star customer reviews with a simple AI outreach template The one thing you MUST have a professional look over AFTER AI gives you a first draft AI investment analysis and underwriting so you can review deals even faster (and make moves on the best ones) — Self Storage Income Newsletter - https://www.selfstorageincome.com/ Nokē Smart Entry - https://www.janusintl.com/products/noke…

Self Storage Income

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285. How RV Rentals Can Boost Your Storage Revenue in 2025 w/Garr Russell & Mark Beasley 35:14

منذ 21 يومًا35:14

35:14

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast What’s one of the best ways to make more money with your current storage facility ? You’ve probably already considered tenant protection insurance, selling moving supplies, or building more units to boost your income, but what about hosting RV rentals ? RV self storage isn’t new, and many storage owners have already caught onto the fact that RV and boat parking can bring in considerable revenue without building more units. But what if, like U-Haul trucks, you become the operator for RV rentals all from your storage facility ? Garr Russell and Mark Beasley from Fireside RV Rental are making this income stream dream a reality for self storage owners all across the country. As a self storage owner, you can get a cut of the revenue by providing parking and pickup space for RV owners renting out their vehicles. If you’ve got parking and an operator who can handle on-site rentals, you might have everything you need to increase your facility’s income . So, how does it work? Which storage facilities can get in on it? And is it worth the small amount of effort? Garr and Mark walk through the entire process and why this may be the ultimate win-win-win for storage operators, RV owners, and RV renters , resulting in more money from the same self storage facility! What you’ll learn in today’s show: Why RV self storage is a no-brainer for those with storage facilities and extra space What you’ll need to start renting out RVs from your self storage facility How much the RV owner and self storage facility can make through these rentals The reason this business model is booming and why it’s a perfect time for storage owners to get in How to make even more money off RV rentals by installing specific perks at your facility — Fireside RV Rental: https://firesidervrental.com/ My Wheel Estate Story: https://www.mywheelestatestory.com/freebook-v2…

Self Storage Income

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284. Why the Self Storage Industry MUST Adapt or End Up Like the Hotel Industry w/ Steve Mirabito 55:22

منذ 28 يومًا55:22

55:22

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast Is self storage in trouble? Not exactly, but we need to adapt to avoid suffering the same fate as the hotel industry. Today’s guest has had his finger on the pulse of the self storage industry since the 1980s, and he’s going to share where we’re at and where we’re headed! We had the opportunity to chat with Steve Mirabito , who is not only the founder and president of StoragePRO but also a board member for Storelocal, the largest self storage co-op in the world. In this episode, he winds the clock back nearly 40 years and shares about his journey into self storage and the challenges he faced early on. You’ll learn all about the birth of the industry , the role Steve played in popularizing this asset class, and how self storage has evolved since. Most importantly, where does the industry stand today , and what can investors expect going forward? Steve will share his unique perspective on some of the biggest opportunities and threats in self storage , the lessons investors can learn from the rise and fall of the hotel industry, and the number one thing you need to prepare for in 2025 and the years ahead! What you’ll learn in today’s show: The number one thing self storage investors need to prepare for Why self storage owners should start overlaying the “valet” storage model Steve’s journey to becoming a major player in self storage development How the self storage industry has evolved since the 1980s Why all independent operators should join a self storage co-op What self storage investors can learn from the hospitality industry StoragePRO: https://www.storagepro.com StoragePRO Management: https://www.storagepromanagement.com 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Mentioned article: https://www.selfstorageincome.com/blog/the-self-storage-industry-a-brief-overview 📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself. https://cedar.cc/feasibility-studies/ 🎙️ Do you have a great story to share on the Self Storage Income podcast? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's book that teaches you everything he knows about self-storage ! https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest…

Self Storage Income

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283. Self Storage Insurance 101: What You MUST Know to Protect Your Property w/ Terry Campbell 32:10

منذ 5 weeks32:10

32:10

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast Most people don’t realize it, but self storage facility insurance can kill your deal. Fires, tornados, hurricanes, and winter storms are making it more and more costly to protect your facility, and rising prices could eat into the profit margin you worked so hard to create. How do you keep your insurance prices reasonable while still protecting your property? Are insurance premiums about to skyrocket again, or is 2025 the year they finally “level off”? We own a lot of self storage, but we aren’t insurance specialists, so we brought one on to help YOU get the most coverage at the lowest cost. Terry Campbell is the expert in self storage. He’s done everything from building to lending, operating, and educating on self storage investing, but now, he’s tackling a bigger beast: self storage insurance. If you’re new to self storage investing, this is an episode you MUST listen to before buying your first property. If you’ve been investing in storage for a while, you already know how pricey premiums have gotten, and Terry’s tips can help you save some serious cash when it’s time for renewal. What you’ll learn in today’s show: What’s behind the recent insurance crisis and why 2025 may finally be a “leveling off” point How to factor insurance price hikes into your underwriting for new and existing facilities Why more and more facilities are moving to “self-insuring” even at its high cost Expert tips to lower your insurance premiums and when to (and when NOT to) shop other carriers Terry’s top picks for self storage insurance carriers who can cover your facility Johnson Insurance: https://gojohnsoninsurance.com/ Email Terry: terry@gojohnsonins.com 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself. https://cedar.cc/feasibility-studies/ 📉 Our current investment opportunities: https://cedar.cc/invest…

Self Storage Income

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282. Mastering Self-Storage Operations: Marketing, Maintenance & Growth 28:53

منذ 6 weeks28:53

28:53

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast In this episode of Self Storage Income , Conner breaks down the key strategies for maximizing self-storage profits through seasonality management , smart marketing, and operational efficiency. Learn how to adjust your approach throughout the year to maintain high occupancy rates, reduce costs, and boost revenue. What You’ll Discover: 📈 How to optimize marketing budgets for seasonal shifts ❄️ The impact of seasonality on self-storage occupancy 🔑 Strategies for managing employees and operations year-round 🛠 Essential maintenance tips to avoid costly mistakes 💡 How to scale your self-storage business efficiently Whether you're new to self-storage investing or managing multiple facilities, this episode is packed with actionable advice to help you succeed in any market condition. 🎧 Tune in now to unlock your facility’s full potential! 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself. https://cedar.cc/feasibility-studies/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq…

Self Storage Income

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281. Self-Storage Success Stories: How Real People Achieved Financial Freedom 43:14

منذ 7 weeks43:14

43:14

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast Ready to achieve financial freedom? In this episode of Self Storage Income , we share real-life case studies of people building wealth through self-storage investing. Discover how beginners used creative strategies like seller financing, SBA loans, and partnerships to secure deals and grow their income. We break down key topics, including: How to raise capital for self-storage deals. Negotiating with banks and investors in a high-interest-rate market. Structuring deals to maximize cash flow and value. This episode is packed with actionable insights to help you succeed. Don’t miss out—listen now and start your journey to financial freedom! Listen to Charles tell his story: https://www.selfstorageincome.com/podcasts/self-storage-income-2/episodes/2148881990 Links: 📌 Tenant Inc. - Streamline your property management with cutting-edge tools. https://www.tenantinc.com/ 🌳 Live Oak Bank – Our trusted go-to for self-storage financing, including SBA loans. https://www.liveoakbank.com/business-loans/self-storage/ 💻 Our Private Facebook Community Group https://www.facebook.com/groups/selfstorageincome/ 📖 Grab the book for more insights into structuring deals and building wealth through self-storage! https://a.co/d/aRSKcSq…

Self Storage Income

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280. Self Storage Outlook 2025 | A New Cycle, Best Markets, & Potential Pitfalls 50:49

منذ 8 weeks50:49

50:49

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast The last few years have been difficult for real estate, self storage included. Is there finally light at the end of the tunnel? Today, we’re giving you our high-level, self storage industry outlook for 2025. Whether you’re a long-time investor or brand new to the industry, you’re about to learn why NOW is the time to invest in self storage! After a three-year down period, we are finally turning the corner and entering a new cycle. If you’re an investor, there are plenty of reasons to be excited about where self storage is headed. If you’ve been sitting on the sidelines, there’s no better time to get into the game than right now. And this isn’t just false optimism. We’re so bullish that we’re buying and developing our own facilities in 2025! In this episode, we’re reflecting on 2024, diving into the data, and giving you an investing roadmap for the next 12 months and beyond. Tune in to learn which markets offer the most opportunity for small investors and how YOU can take advantage of an enormous transfer of facilities that will occur by 2030. What you’ll learn in today’s show: Why NOW is the best time for new investors to get into self storage The enormous self storage “transfer” that will happen by 2030 The third and fourth-tier markets that offer huge opportunities for small investors Why we are primed to see a self storage development boom in the US How new investors can take advantage of waning interest in self storage Why good assets at fair prices always trump bad assets at great prices 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! We seriously love them. https://www.liveoakbank.com/business-loans/self-storage/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest…

Self Storage Income

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279. How I Bought a $1.5M Self Storage Facility as a Complete Beginner w/Ben Kall 1:13:11

منذ 9 weeks1:13:11

1:13:11

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast What does it take to buy your first self storage facility? Just ask Ben Kall, whose first investment was a $1.5M facility after having ZERO experience in the industry. Sounds like a big jump, doesn’t it? Thankfully, Ben is going to show you how to do the same today, explaining how to buy a storage facility (even with no previous experience in investing), work with banks, and manage a business. But don’t worry, it’s not as hard as it sounds! Ben has a handful of do’s and don’ts he’s sharing with us in this episode, and we go through everything! From structuring your loan with the bank to why you should treat your self storage facility like a hotel, seller financing and creative financing terms that are working for Ben, and building your buy box so you can achieve financial freedom! Ben has grown quickly, going from zero self storage to 125,000 net rentable square feet in under a decade. He’s been able to take home six figures in cash flow (seriously!) and has amassed a sizable portfolio in a very short amount of time. This is a masterclass in buying your first facility and scaling up! What you’ll learn in today’s show: The do’s and don’ts of buying your first self storage facility The creative financing offers Ben uses to get sellers to accept How to negotiate with banks and lenders so you get better terms Why you want to treat your facility like a hotel and put convenience first Picking the right partners and why this is crucial if you want to scale faster The “buy box” you must build BEFORE you buy a facility 📷 Ben’s Businesses and Instagram: https://www.mn-storage.com/ https://www.waukeestorage.com/ https://www.instagram.com/ben_kall_/ Links: 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself. https://cedar.cc/feasibility-studies/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest…

Self Storage Income

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278. Self Storage Loans 101: SBA, Conventional, Seller Financing, and More w/Live Oak Bank 50:52

منذ 10 weeks50:52

50:52

Want to buy a storage facility? Then you’ll need self storage financing—and you’ll want to know where to go BEFORE you find your first (or next) self storage investment. So, today, I brought on one of my favorite lenders, Live Oak Bank, to teach you how to finance a storage facility, no matter how much experience you have or how many facilities you’ve bought. They’ll reveal exactly what they need to see from you to lend, the biggest beginner mistakes that stop you from closing, and their outlook for 2025. Anna Taylor and Bishesh Shrestha have worked with self storage investors for over a decade. At Live Oak, they lend to self storage investors just like you and even own some self storage investments themselves. But Live Oak isn’t like any other bank—they focus on self storage, SBA loans, and making your life WAY easier when buying a storage facility. I went to their Wilmington, North Carolina headquarters to record the most value-packed episode on self storage financing around. Today, we’re talking about SBA loans, why they often wrongly get a bad rap, how to use them to buy your first or next facility, and why you should NOT get them from any regular lender. We talk about why Live Oak actually loves seller financing in a deal, how long they take to close, what down payment you’ll most likely need, and what to know in 2025 as interest rates and lending requirements have changed. What you’ll learn in today’s show: Why the SBA 7(a) loan is such a powerful financing option for self storage investors How much of a down payment you’ll need to bring for an SBA loan Creating a win-win for sellers (and you) by offering a seller financing component to your deal (lower interest rate!) The #1 reason you MUST get underwritten by a lender BEFORE you start making offers Biggest beginner mistakes that stop new investors from closing on their first facility 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/…

Self Storage Income

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277. Forecasting Self Storage in 2025 | Are We Headed for a Major Bounce Back? 46:08

منذ 11 weeks46:08

46:08

The self storage industry will change in 2025, and it could make you (and many others) very wealthy. In this episode, we’re giving our 2025 self-storage industry outlook, breaking down our predictions for 2025, what self-storage investors can expect, and why this could be one of the greatest years yet for self-storage investing. We’ve just come out of a market-defining cycle. The “easy investing” ended in 2022, and since then, self storage operators have suffered. Discounted rates, low occupancy, endless supply, and deal-breaking interest rates have plagued us. Thankfully, that just booted a ton of your competition out of the market. We believe 2025 could be one of the most critical years in self storage, and we’re making BIG moves. If you want to hear exactly what we’re doing to ensure we grow our portfolio in 2025, what we’re looking to buy, and how we’re finding deals, stick around. These are our 2025 self storage predictions; if you miss them, you could miss out on an opportunity that might not resurface for decades. What you’ll learn in today’s show: Our 2025 self storage industry forecast and predictions for the next year Why the market cycle has flipped and whether or not we’re heading into a bull market The massive opportunities that are coming your way in 2025 (and where to find them) One thing to be aware of that could RUIN your self storage investment no matter your experience Our investing plans for 2025 and where we’re finding deals to buy The biggest barriers to entry for new self storage investors in 2025 (and how to get over them) _____________ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Inner Circle: https://www.selfstorageincome.com/inner-circle 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq…

Self Storage Income

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276. Major Changes Coming for the Self Storage Industry? | Christmas Q&A! 54:49

منذ 12 weeks54:49

54:49

The self storage industry is about to see a major shift in 2025. If you’ve been sitting on the sidelines or waiting out market turbulence, now’s the time to get in the game. We’re entering a new cycle with plenty of opportunities for new investors, but if you blink, you’ll miss out! In today’s episode, AJ and Conner are reflecting on 2024 and offering a high-level view of what’s to come in 2025. Along the way, we’ll be answering your questions! Tune in to learn how YOU can take advantage of huge investing opportunities in the coming year. We cover some of the best ways to find and fund self storage deals, where to find your “boots on the ground” when investing remotely, how to leverage your retirement accounts to invest, and much more. Want to know how to analyze a new market and where to set rent rates? We’ll show you how! But that’s not all. We’ll also share the tools, software, and systems WE use to manage our investments and keep our facilities secure. Worried that your customers will get left behind as you implement new technology? Not to fear—use our strategy to bring them along! What you’ll learn in today’s show: Our forecast for the self storage industry in 2025 and beyond Creative ways to find (and fund) your next self storage deal How to seamlessly transition your customers over to new technology Why “quality” trumps “quantity” when it comes to self storage leads The BEST camera systems and software to implement at your facility The ideal unit vacancy rate for any facility (and when to raise rates!) Leveraging your retirement accounts to invest in self storage Live Oak Bank: https://www.liveoakbank.com/business-loans/self-storage/ Hummingbird: https://www.tenantinc.com/products/hummingbird UniFi: https://ui.com/camera-security Radius: https://www.radiusplus.com/ ESRI: https://www.esri.com/ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/…

Self Storage Income

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275. Buying vs. Building a Storage Facility: Pros and Cons, Costs, and Timeline with Guest Matt Wallace 52:53

منذ 13 weeks52:53

52:53

Buying vs. building storage units: which is the better choice, especially for beginners? Is buying a pre-fab (kit) facility better than building one from scratch? Or does buying a run-down self storage facility with value-add potential outperform building due to lower costs? We brought back an all-time favorite episode with investor Matt Wallace to get you some answers. Matt has done both—buying and building storage units. He’s taken run-down facilities and made them top performers, as well as taking a plot of land and turning it into a 100% occupied self storage facility. Which one does HE think is the better investment? And would he advise a beginner to start with self storage new builds? In this episode, Matt gives a masterclass on the pros and cons of building storage units, who should (and shouldn’t) be doing it, what you MUST know before you start building, and how he “makes” phenomenal self storage deals that most other investors miss. What you’ll learn in today’s show: Buying vs. building self storage facilities and which is better for beginners How Matt filled up a brand new facility (250+ units!) in under three months! The building timeline and why it’s (probably) going to take longer than you think Why you DO NOT want to buy a “self storage kit” and build it yourself How to win a self storage deal even if you feel out of the race — Connect with Matt: https://wealthfit.com/expert/matt-wallace/ Connect with Ben, Cedar Creek’s Debt Expert: https://www.linkedin.com/in/benjamin-benditson-291a6010/ — 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest…

Self Storage Income

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274. My Most Important Message to You Before 2025 27:59

منذ 14 weeks27:59

27:59

This isn’t going to be a regular podcast episode. So many of you want to get into self storage, build your business, scale bigger, find financial freedom, and achieve the impossible. I’m directly talking to every one of you in today’s episode as I share the most critical trait of successful people, one that has helped me scale to a level I didn’t even know was possible. If you listen and learn from what I’m about to share, your world will change for the better. Everyone is trying to show you the step-by-step plan to build wealth/a business or buy real estate. The problem? They never discuss the one specific skill that you MUST cultivate if you’re going to succeed in this business. As soon as I learned what it was and how to use it, I was able to make better decisions, grow faster, and spot opportunities that 99% of people will overlook. You can essentially make your own luck (like I have) if you take what I’m saying to heart. If you’re tired of feeling tired, want to go out and make yourself proud, and build something that will help you and your family, 2025 is the year to do it. So, before 2024 ends, listen to this episode. You won’t regret it. What you’ll learn in today’s show: The #1 skill of successful entrepreneurs that allows them to build/scale quicker How to “make your own luck” and let opportunities flow your way The “first principles” you MUST be aware of when growing/scaling your self storage business Why you need to STOP comparing your problems to other people’s NOW How to know if you have what it takes to truly be successful (and what to do if you’re lacking the skills) Growing Wealth in Self-Storage 2.0: https://www.amazon.com/Growing-Wealth-Self-Storage-2-0-Post-Pandemic-ebook/dp/B0D67CJXTZ…

Self Storage Income

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273. He Stumbled on Self Storage, and Now He’s Selling His Rentals to Buy More w/Derek Weaver 46:15

منذ 15 weeks46:15

46:15

This seasoned investor stumbled on self storage just four years ago, and now he’s selling off his rental properties to buy more. Why? Right now, new investors with limited capital can profit from self storage in rural markets where larger firms are unwilling to go. There’s cash flow, appreciation, and, surprisingly, plenty of demand! In the last twenty years, Derek Weaver has dabbled in just about every area of real estate. He’s been a licensed realtor. He’s managed large rental portfolios for other investors. He’s even bought his own single-family and multifamily rental properties. His latest venture? Self storage! He had no idea what he was doing when he “accidentally” bought a dilapidated, 66-unit facility, but taking action and learning on the fly has allowed him to stabilize the property and add another three to his portfolio! In today’s episode, Derek shares why now is the perfect time for new investors to start buying self storage. He’ll show you which types of facilities to target, how to maximize your square footage (and income) with portable units, and the systems and processes you need to scale your self storage business! Insights from today’s episode: Why Derek is selling off rental properties to buy more self storage in 2025 The pitfalls of financial freedom (and why passive income shouldn’ t be your end goal) Maximizing your facility’s square footage and income by adding portable units The key advantages small self storage investors have over large firms Why you can’t beat Midwest property returns at the moment The systems and processes you need to manage your facilities from afar — Email Derek: derek@4731group.com __ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/ 🎙️ You can now apply here to be a guest on Self Storage Income, the AJ Osborne podcast OR the Drunk Real Estate Show! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq…

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