Self Storage Income

342. How to Be Successful in Self Storage (3 Things That Make The Difference)


Listen Later

There are three crucial things every self storage investor must pay attention to when building their portfolio. These are the things that helped me scale a $300M+ self storage business and grow through the Great Recession, the pandemic lockdowns, and every downturn and upturn in between. 

 

If you get these three things right, you will be successful in self storage. Even better news? There's a huge buying opportunity right now (with more on the way). 

 

I’ll outline everything from your self storage market, to the operations and tech you should use, to the structure of the deal (I’ll even share how much debt I have and how I structured it) so you can survive the down times, thrive during the good, and grow in the middle. 

 

Plus, I’ll share how we’re “making” deals right now and getting facilities 40% under replacement cost with millions in walk-in equity. I wish someone had told me all this when I started, but now, I’m giving it to you in under half an hour.

 

What you’ll learn in today’s show:

 

  • The three things that make a self storage facility successful 
  • Huge buying opportunities happening right now that 99% of people are missing 
  • Measuring supply and demand: how to know your facility’s rates can grow 
  • The technology we’re using right now to automate self storage facilities in our portfolio 
  • How to structure debt, loans, and capital when buying a facility (exactly what I do)
  • The due diligence clause you need to add in every self storage offer you make  
  •  

     

    Grab AJ’s Book, Growing Wealth in Self-Storage 2.0  - https://www.amazon.com/Growing-Wealth-Self-Storage-2-0-Post-Pandemic/dp/1735258865 

     

    TractIQ - https://tractiq.com/ 

     

    Nokē Smart Entry - https://www.janusintl.com/products/noke 

     

    Hummingbird by Tenant Inc. (Self Storage Software) - https://www.tenantinc.com/products/hummingbird 

    ...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

    16,749 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

    702 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

    3,847 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,081 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    617 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    723 Listeners

    Real Estate Rookie by BiggerPockets

    Real Estate Rookie

    1,819 Listeners

    Self Storage Investing by Scott Meyers, Stories and Strategies

    Self Storage Investing

    41 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

    901 Listeners

    The BetterLife Podcast by Brandon Turner and Cam Cathcart

    The BetterLife Podcast

    848 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    950 Listeners

    Self Storage Insights by Ben Shirey

    Self Storage Insights

    5 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    706 Listeners