Creating Wealth Through Self Storage

I am hosting a virtual online Bootcamp in March on the 21st & 22nd, 2025, and I have been revising some of my content for the event.

I thought I would do a couple of episodes sharing some of the things I am going to be bringing up that I haven’t necessarily focused on in the past.

This is a simple idea that I have seen help people gain momentum in an industry that is maturing fast.

**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**

The last three episodes have covered my deep dive into the previous 35 to 40 years into exploring how creating goals and achieving them can work.

Let’s talk about one of my most crazy experiences in this world of creating a self-storage business and what it can look like on the court.

This transaction changed my life and taught me how putting my attention on the correct things can work.

Let me tell you a story…

**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**

If you are in the self-storage business and trying to grow it, or if you have been trying to get in the business and it has been slow-going, then this episode may be for you.

But I will take a very different approach than most in the next couple of episodes concerning how to get the most out of this year (or any year for that matter) for your business.

This episode concludes a 3-part series with the steps that I have learned to make a difference in having the goals we create in 2025 in our self-storage business succeed.

**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**

If you are in the self-storage business and trying to grow it, or if you have been trying to get in the business and it is slowly going, then this episode may be for you.

But I will take a very different approach than most in the next couple of episodes concerning how to get the most out of this year (or any year for that matter) for your business.

I started last week with my experience on my lifelong journey of creating wealth and goals and what I have discovered so far.

If you haven’t read or watched the last episode, 446, start there.

This week, we are going to dive deeper into what I have learned.

Last week’s Episode: https://youtu.be/V0mE9_4ENbo

**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**

If you are in the self-storage business and trying to grow it, or if you have been trying to get in the business and it is slow-going, then this episode may be for you.

But I will take a very different approach than most in the next few episodes concerning how to get the most out of this year (or any year, for that matter) for your business.

Rather than focus on tips and techniques, let’s look at a larger picture.

I have often said (not an original thought, but part of my training) that success in anything, especially business, is 20% knowing what to do, 80% mindset.

I will share some of my explanation of the 80% and how we can use this knowledge to impact 2025.

**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**

Often, we are dealing directly with an owner of a self-storage facility we are looking at buying.

It is hard to get financials, unit mix, or anything to go on in the first few meetings or conversations to help us see a potential value or where any upside is.

A non-intrusive report to ask for is a random daily close.

You will be surprised how much information about the facility you can get from this report.

Usually, I can see how well it is run, the upside, the current value range, and more.

Let me show you.

**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 have worked with several self-storage investors who are involved now, considering, and doing mixed-use projects of self-storage and flex space.

Flex space is the new shiny object for many smaller self-storage developers.

Now, given it is NFL playoff season… LET’S HAVE A GAME BETWEEN SELF-STORAGE AND FLEX SPACE.

You will meet Team Storage and Team Flex as they play a football game to see who the champion is now in the first quarter of 2025.

May the best team win.

**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**

Until the 2020s, as a self-storage owner and developer of smaller projects (i.e., not large multi-story projects), I never used the design-build process many people apparently use to start a development project or even an expansion.

I also never started by going to an architect and/or engineer to design their project and create the building plans.

I never did that either.

Let me share our construction process with you.

This is critical in today’s environment of high construction and interest rate costs.

**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 my experience of being a self-storage owner and operator in the year 2025.

If I had to sum up my experience of self-storage growth in 2025 with one word, it would be…

**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**

How many times have you found a self-storage expansion deal, calculated the expansion amount you can add to the facility, run the numbers, and it still does not work because you can’t get enough new square feet in the project?

This has happened a number of times to me.

Given the current pricing of existing facilities and construction costs, it can be challenging.

Let me tell you a trick I have used. And I will do so by an example.

**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**