Creating Wealth Through Self Storage

This is the fourth and final episode in a series titled Practices For Self Storage Entrepreneurs to Develop Series.

Given the state of the self storage industry today and the unique challenges, I thought I would share some of the best habits, mindsets, or “practices” I feel can aid us.

This has been as much for me as it has for anyone.

The final practice is more subtle than the others, but it affects finding opportunities and controlling them.

This is the third episode in a series titled Practices For Self Storage Entrepreneurs To Develop Series.

The older I get, the more I realize how life can occur like a contradiction.

Let’s discuss what may sound like another contradiction on the surface but really isn’t. Another practice I think is critical for the self storage entrepreneur in today’s world:

Develop Patience … But Move Quick.

Video link: https://www.youtube.com/watch?v=nv588TGA1Gs

This is the second episode in a series titled Practices for Self Storage Entrepreneurs to Develop Series.

Given how fast we have to move to control storage opportunities in today’s world, I think a few ideas on best practices could be helpful.

In last week’s episode we discussed the concept of finding the formula that works and repeating it.

Last week’s episode also mentioned a person who spoke at my most recent QuickStart Bootcamp who had put together 11 deals in 13 months.

Someone asked him for some advice, and he said, “analyze…but don’t over-analyze.”

Powerful. Let’s discuss that.

-Listen on Apple Podcasts – https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875

Practice One: Specialize…Don’t Diversify

The investment world tells us to diversify, don’t put all your eggs in one basket.

I guess that’s good advice if you are a passive investor. However, I am very leery of “investment advisors, “who are usually the ones telling you to diversify.

If you are not a passive investor, and using self storage to create wealth, I have a different spin.

-Listen on Apple Podcasts – https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875

This is the final episode in the Back To The Basics Series.

In the past three episodes, we have been discussing the challenges or problems we as small investors face and the solutions to each.

Each solution creates the seeds of the next challenge.

In the last episode, we discussed how to create deals to analyze.

In this last episode, we will explore two different people who went through the QuickStart Self Storage Bootcamp and how they handled the last challenge we will discuss, how to control deals and go through due diligence.

Each of the two people had completely different types of storage opportunities. You will see what was similar and what was different in this portion of a deal.

We will explore going from the opportunity to owning.

Bootcamp here: https://creatingwealththroughselfstorage.lpages.co/2022-q1-live-virtual-bootcamp/

-Listen on Apple Podcasts – https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875