Creating Wealth Through Self Storage

How To Create A Successful Self-Storage Business

Many of us get into self-storage because we are looking for freedom. Both financially and with the freedom to manage our time as we see fit.

And yet, we are often even busier than ever before.

But if we are not careful, one day, we wake up and wonder why we are not anxious to get up and “run” our business.

Let me share a couple of things I wish I had learned when I bought my first self storage project.

**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 today’s self-storage industry, one of the biggest challenges we have today as small self-storage entrepreneurs is the rising disconnect between the rates quoted by Real Estate Investment Trusts (REITs) and the actual rental prices in the market, including their own effective rental rates.

Let’s look at how that affects small self-storage investors like us and a few solutions.

**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**

Why in the world would someone ever consider a hard-money loan for refinancing a self-storage facility?

Well, for a few it may not be as far-fetched as it sounds.

Let’s look at a few scenarios.

**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**

Let’s talk about property insurance.

I don’t think many of us are prepared for the premium increases we are going to see over the next few years.

The days of predictable, marginal increases are behind us; in fact, we’re now entering an era where insurance costs could skyrocket by as much as 10% to 20% annually, if not more.

Let’s discuss how this could impact your underwriting and project performance.

**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**

“Is now the time to get in self storage?”

I get asked that multiple times a week.

Let me give you my opinion today.

**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**

Let me share a case study of how a deal was done in tough economic times.

I offer this not as “here is how to do deals, or here are some tips or techniques to use.”

I offer this case study example to motivate you to ask different questions. It is the questions we ask ourselves that are the most important part of using create alternatives.

But I am also sure you may learn a thing or two about solutions we can employ in challenging times.

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**

I am starting to have fun again as I work on getting my next self-storage project.

Nothing has really changed that much in the market…but I am beginning to notice a shift.

Let me share with you what it is and my recommendations today as we hunt for the net deal.

**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**

I am starting to have fun again as I work on getting my next self-storage project.

Nothing has really changed that much in the market…but I am beginning to notice a shift.

Let me share with you what it is and my recommendations today as we hunt for the net deal.

**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**

Interest rates are going up!

No… They’re flattening out and going down.

No, wait… They are going up again.

What is a small self-storage person to do?

How can we navigate these strange and choppy waters?

Let me share with you how I am doing it.

**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**

Let me share with you an idea I got as I was working with a person I coach.

It is a strategy you can deploy to come in right under the nose of the larger self storage projects in development and lease up all around you.

I think this is one most of us can deploy.

**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**