Self Storage Income

244. 25 Facilities in 2 Years After Quitting His Google Job for Self Storage w/Faraz Hemani


Listen Later

Today’s guest built a twenty-five facility self storage business in just two years! Even more impressive? He didn’t come from a real estate background, yet he was able to build a serious storage portfolio across multiple states, all by “taking the punches” as they came. If you want to quit your job and start investing full-time, this is an episode you CANNOT miss. You’ll hear how Faraz Hemani left his high-paying Google job to invest in small-market, mom-and-pop self storage facilities. 

The question is, did it pay off?

After making some good income at his tech sales job, Faraz needed somewhere to park his money. Like most people, he thought rental properties were a great option, but as the market began to climb, Faraz realized that he had no control over whether his portfolio’s price went up or down. He sold off his rental properties and found an asset he could control—self storage.

Now, two years later, Faraz has a self storage portfolio of over twenty-five facilities across the southern United States. How did he scale up so quickly? Which markets is he targeting? And how does a complete novice get that many facilities so quickly? If you want to learn how, stick around for this episode as Faraz shares his buy box, favorite markets, and which facilities small investors should target.

What you’ll learn in today’s show:

  • How to quit your job and build a self storage business (and whether it’s worth it)
  • Why self storage beats rental properties IF you can master THESE skills
  • Faraz’s exact buy box and the “mom-and-pop” facilities new investors should look for
  • Why Faraz DOESN’T buy in the big cities but sees huge success in smaller towns 
  • Syndicating, raising private capital, and when it’s time to take on investor money
  • The truth about entrepreneurship and why 99% of people CAN’T handle it 
  • Faraz’s LinkedIn

    Pebble Ridge Capital Group

     Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

    Check out Storelocal! Our national self storage brand. 

    https://www.storelocal.com/

    Ready to buy storage? Have your deals personally evaluated by AJ and our team! 

    https://www.selfstorageincome.com/feasibility 

    Take advantage of today’s market conditions and invest with us: 

    https://cedar.cc/invest

    ...more
    View all episodesView all episodes
    Download on the App Store

    Self Storage IncomeBy AJ Osborne

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    577 ratings


    More shows like Self Storage Income

    View all
    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

    716 Listeners

    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,824 Listeners

    The Best Ever CRE Show by Joe Fairless

    The Best Ever CRE Show

    988 Listeners

    Rental Income Podcast With Dan Lane by Rental Income Podcast

    Rental Income Podcast With Dan Lane

    824 Listeners

    Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

    Lifetime Cash Flow Through Real Estate Investing

    1,412 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    412 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    590 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    722 Listeners

    Real Estate Rookie by BiggerPockets

    Real Estate Rookie

    1,815 Listeners

    Self Storage Investing by Scott Meyers, Stories and Strategies

    Self Storage Investing

    38 Listeners

    The Self Storage University Podcast by Frank Rolfe

    The Self Storage University Podcast

    13 Listeners

    BiggerPockets Daily by BiggerPockets

    BiggerPockets Daily

    325 Listeners

    On The Market by BiggerPockets

    On The Market

    885 Listeners

    The BetterLife Podcast: Wealth | Real Estate Investing | Life by Brandon Turner & Cam Cathcart

    The BetterLife Podcast: Wealth | Real Estate Investing | Life

    820 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    669 Listeners