Creating Wealth Through Self Storage

I just returned from a two week break from self storage and business I took as I traveled with my wife to Florida.

I did no writing, and little real estate and calls.

But I did continue my morning practices and realized just how much a certain practice has made a difference in my life and business.

Let me share with you something that has had a big impact on my professional and personal life.

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Creating Wealth Through Self Storage

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Over the last three weeks, we have been discussing an overview of fundraising for small self storage investors getting in the business or growing their business from my perspective.

This will be the last in this mini-series.

I have organized this large and complicated world of fundraising into three main buckets, syndications, joint ventures, and funds.

Today let’s discuss funds and starting a self storage fund.

**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 last two weeks, we have been discussing an overview of fundraising for small self storage investors getting in the business or growing their business.

I have organized this large and complicated world of fundraising into three main buckets, syndications, joint ventures, and funds (or private placements).

But it does touch on the majority of ways I have seen self storage sponsors put deals together.

Today lets focus on the idea of “joint ventures” and see how creative we can get.

**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**

Last week, I introduced self storage Fundraising 101 and discussed three main types of raising capital for self storage investments.

I have organized this large and complicated world of fundraising into three main buckets, syndications, joint ventures, and funds (or private placements).

Today, let’s look closer into the world of syndications. This is how I see most small investors do their first self storage fundraising deal. It is how I did it as well.

**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**

As a small investor who raises money for equity in the deals I do and as a self storage coach who helps people get into the self storage business who often have to raise money, I have seen a lot of deals and deal structures.

Of all the training I have attempted to systematize and create, “fundraising” has been the most difficult for me to organize and present in a digestible way.

The “world of fundraising” is a big world.

Let me share the four ways I see most often how deals involving fundraising and partners can be organized.

**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**

Last week, as a self storage person, not an economist, I shared my ideas on inflation.

Inflation is the driver of what is happening to our economy at this moment in time.

So if inflation is the train barreling down the tracks, what does the landscape look like, and what is in front of the train self storage wise.

Let me share with you my ideas and the moves we are making.

Yes, I am a self storage person interpreting the economic data points and sharing how I see it fitting into our area of interest, self storage.

Now depending on which news silo, you get most of your “news” from, you hear vastly different interpretations of economic data.

I say it is almost impossible, if not totally impossible, to draw any conclusions about the economy that are not a reflection of your political leanings. You don’t hear that from any of the experts who pontificate and/or report on what is going on in the economy.

I suggest, to whatever degree you are capable of, coming up with your own collusions. I have discovered the “experts,” no matter what side of the political spectrum they reside on, are usually wrong.a

Today, let’s look at inflation, then in the next episode, we will see what our next moves could be. But I think truly attempting to understand the root causes of inflation will assist us in determining our next moves.

**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, fundraising for self storage, or any other worthwhile endeavors in life, one needs to know what to do, but the most important aspect to success is one’s mindset.

One’s thinking.

Most people are not present to it, but you’re thinking is actually the filter through which reality is experienced.

That is why 80% of your success in fundraising, self storage, or any endeavor in life is to a large degree, contingent upon your thinking.

Let’s conclude this series with a conversation about Imposter Syndrome.

**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**

Last week I introduced the idea that no matter what the industry, or niche in any industry, the more I hang around people who are at the top of their game, the less they discuss tactics and strategies, and the more they discuss the breakthroughs they had in their thinking.

Last week I introduced what I consider to be Mindshift Number 1. This week let’s look at Number 2.

I am going to introduce three ways we can alter and expand our relationship with money.

**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**

No matter what the industry, or niche in any industry, the more I hang around people who are at the top of their game, the less they discuss tactics and strategies, and the more they discuss the breakthrough they had in their thinking.

When it comes to fundraising for self storage, that is no exception.

Let’s discuss the first of three Mindset Shifts I suggest if you want to raise money in the self storage industry.

**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**