Self Storage Income

313. 12 Red Flags of a Risky Self Storage Investment (& How to Avoid Them)


Listen Later

Buying a storage facility? Make sure you spot any of these 12 self storage investing red flags. If you’re able to avoid them successfully, you could be buying a killer next investment, with high occupancy, high rates, and steady cash flow. After investing in dozens of self storage facilities, with millions of rentable square feet, we’ve nailed down the 12 deadly self storage red flags that can prevent a facility from taking off. 

There are two types of red flags: the ones you can fix, and the ones you can’t. The fixable ones might mean you have a serious opportunity within your market, and you can flip that red flag to a green one. The unfixable red flags…that’s another story. Don’t worry, we’re going to spell out each so you know which red flags to run from, and which could make you money. 

We’re talking about red flags like: declining populations, too much supply, high vacancy, weak local economics, poor visibility (online and on the street!), and more. Do you think you know which you can fix? Think again, we’re giving you the exact list of self storage red flags. 

What you’ll learn in today’s show:

  • The 12 self storage investing red flags every investor should be aware of 
  • Is a declining population always a bad thing for storage?
  • How to stop your competitors from building near you and boosting supply
  • The “secret” way to find out how occupied other facilities are in the area 
  • How much should your self storage customers make? We’ll share the perfect income range 
  • Which red flags can be flipped to green flags so you can profit!
  • Register Now for SSI Live - https://www.selfstorageincome.com/live-event 

    Get 1-on-1 Coaching from Conner! - https://www.selfstorageincome.com/coaching 

     Work with someone experienced in self storage loans at Live Oak Bank! 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 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 

    ...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

    585 ratings


    More shows like Self Storage Income

    View all
    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,730 Listeners

    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

    707 Listeners

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

    3,844 Listeners

    Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

    Lifetime Cash Flow Through Real Estate Investing

    1,407 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    425 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    725 Listeners

    Real Estate Rookie by BiggerPockets

    Real Estate Rookie

    1,837 Listeners

    Self Storage Investing by Scott Meyers, Stories and Strategies

    Self Storage Investing

    44 Listeners

    The Self Storage University Podcast by Frank Rolfe

    The Self Storage University Podcast

    13 Listeners

    Creating Wealth Through Self Storage by Creating Wealth Through Self Storage

    Creating Wealth Through Self Storage

    8 Listeners

    On The Market by BiggerPockets

    On The Market

    898 Listeners

    The BetterLife Podcast by Brandon Turner and Cam Cathcart

    The BetterLife Podcast

    851 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    925 Listeners

    Self Storage Insights by Ben Shirey

    Self Storage Insights

    4 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    701 Listeners