Creating Wealth Through Self Storage

Smitty is my partner in a self-storage company designed to take the small investor through the entitlement process for self-storage projects in an affordable way and then bid on the construction of the project in a competitive environment, ensuring clients get the best value possible.

We feel this is a powerful way, in today’s high-cost environment, to give smaller players a competitive edge and help bring projects online that may otherwise not happen.

Yardi just released Q4 data on the self-storage industry, and development projects are being abandoned at a high rate today.

Let Smitty explain the company’s unique approach to assisting smaller self-store owners and investors with their self-storage development and/or construction projects.

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Self-Storage tends to attract lone wolves who want the freedom and independence this business can offer.

But here’s the deal: no one can be successful by themselves. It takes a village.

Or a team, in this case.

Let’s discuss the basics of who I think are the players on your self-storage team if you are creating a self-storage project.

I have the privilege of scaling a new company (Resolve) with a construction partner helping small storage investors get to biddable plans, then execute self-storage construction using the process and team members I have utilized over the years in my own projects.

Let me share that with you now!

**Online Courses at The Quickstart Academy**

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**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

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**The Storage World Analyzer**

**The QuickStart Academy Store**

I had a few ah-ha moments at the recent Inside Self-Storage Convention (ISS) a few weeks ago.

One of them was about the future of Boat & RV developments as a niche in the storage space.

I heard a statistic that I’ve heard a few times before, but this time, something happened.

I had a revelation and could see it all.

Let me share it with you.

**Online Courses at The Quickstart Academy**

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**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

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**The Storage World Analyzer**

**The QuickStart Academy Store**

As many of you know, I attended the Inside Self Storage (ISS) Convention two weeks ago in Las Vegas.

Not everyone could go, so here are a few takeaways in no particular order.

In some future episodes, I will cover others in more detail. However, here are some higher view on some broader aspects of the self-storage space.

**Online Courses at The Quickstart Academy**

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Creating Wealth Through Self Storage

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**The Storage World Analyzer**

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Let’s talk about the physics of self-storage today.

I finally figured out that REITs must have physicists on their payroll.

Let’s look at how we can apply laws of physics, at both the Newtonian level and the Quantum level to our storage business.

Enjoy.

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**

Over the years, I have worked with many people who need to “raise investment money” from “investors.”

I have seen many not succeed.

I struggled some when I first got started, as well.

Let me share the big reasons I see investors fail.

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**

There are two main organizations that put on seminars in the self-storage space in the US.

One is the Self-Storage Association (SSA), and the other is Inside Self Storage (ISS).

I love the SSA; it is a vital organization for self-storage owners.

For people new to the storage space and small investors, I find the ISS very helpful. How the conventions are organized, the sessions offered, and what they present tend to work well for the people I coach and support.

If you have never been to one, I recommend the upcoming ISS Convention in Las Vegas on April 2 – 5, 2024.

Let me give you four reasons why I am attending this convention at this time in 2024!

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**

In this episode, I will cover material that will be important to you regardless of whether you are joining us in this upcoming QuickStart Self-Storage Boot Camp on March 8th & 9th, 2024.

A lot of things are changing in the economy and the self-storage industry itself. This will be a very timely and important time to hold a bootcamp.

Let’s go over the five main reasons you should consider being in this particular Bootcamp.

Video link: https://www.youtube.com/watch?v=XMNJQjnjN-Y

March 8th & 9th, 2024 Quick Start Academy Bootcamp Signup:

https://creatingwealththroughselfstorage.lpages.co/2024-q1-live-virtual-bootcamp/

If you want to schedule a call with me to see if the Bootcamp is right for you, use the link below.

https://markhelmcoachingcallschedule.acuityscheduling.com/schedule.php?notembedded=1

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**

In my world of self-storage acquisition, there are two big obstacles today. One is financing challenges, and the other is construction costs.

Now, it is true construction costs have leveled off somewhat, but they are still high.

Let’s talk about some effective ways to get these costs down today.

Video link: https://www.youtube.com/watch?v=ULWjkI-Bxu0

March 8th & 9th, 2024 Quick Start Academy Bootcamp Signup:

https://creatingwealththroughselfstorage.lpages.co/2024-q1-live-virtual-bootcamp/

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**

In the world of self-storage investments, capitalization rates, or CAP rates, are more widely discussed and understood.

You certainly will never see one in an offering memorandum.

Let’s talk about what they really are, how I suggest using them today, and their role in my suggested process for determining what you can pay for an existing self storage facility.

Video Link: https://www.youtube.com/watch?v=k_ua_LYVTD4

March 8th & 9th, 2024 Quick Start Academy Bootcamp Signup:

https://creatingwealththroughselfstorage.lpages.co/2024-q1-live-virtual-bootcamp/

Here is a link to the Self-Storage Almanac as mentioned in the episode:

https://shop.modernstoragemedia.com/products/2023-self-storage-almanac

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

**5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**