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In this week’s episode, Carmen and Jordan meet with Jaimie Walker, Independent Self-Storage Consultant, to discuss the investing opportunity for self-storage facilities. Jaimie talks about how the industry has evolved in the past decade, why this makes for a fantastic investment, and she also provides key industry insight on how to purchase, convert, and build a storage facility of your own. Self-storage has increased considerably in popularity and innovation over the past decade or so, and Jamie is here today to tell us all how to get in on this highly lucrative investment. Episode Highlights: · Jamie’s start in the self-storage investing space · The services Jamie provides · What self-storage is exactly · Jamie’s consultations · The best areas in Canada right now for this investment · Typical storage rates · Cap rates and what they are currently for storage facilities in the GTA · Why this is such a good real estate investment · The factors involved in running a successful and profitable facility · The most comm0n ways to get started · Purchasing an existing facility · Key points for those with a piece of land available · Converting a current industrial space Quotes: “Self-storage has changed a lot from what we see in the movies and television.” “Now they’re rivaling A-class office buildings with the highest technology that you could possibly imagine and they’re beautiful.” “There’s still a lot of opportunity out there.” “There’s kind of a little bit of something for everybody.” “There are no restrictions in rental increases.” “It’s a very lucrative business.” “You’re going to buy that facility based on the income in place today.” “Really do your research.” “I want to get into self storage!” Links: 30 Minutes to Wealth homepage: https://www.30minutestowealth.com/
In this week’s episode, Carmen and Jordan meet with Jaimie Walker, Independent Self-Storage Consultant, to discuss the investing opportunity for self-storage facilities. Jaimie talks about how the industry has evolved in the past decade, why this makes for a fantastic investment, and she also provides key industry insight on how to purchase, convert, and build a storage facility of your own. Self-storage has increased considerably in popularity and innovation over the past decade or so, and Jamie is here today to tell us all how to get in on this highly lucrative investment. Episode Highlights: · Jamie’s start in the self-storage investing space · The services Jamie provides · What self-storage is exactly · Jamie’s consultations · The best areas in Canada right now for this investment · Typical storage rates · Cap rates and what they are currently for storage facilities in the GTA · Why this is such a good real estate investment · The factors involved in running a successful and profitable facility · The most comm0n ways to get started · Purchasing an existing facility · Key points for those with a piece of land available · Converting a current industrial space Quotes: “Self-storage has changed a lot from what we see in the movies and television.” “Now they’re rivaling A-class office buildings with the highest technology that you could possibly imagine and they’re beautiful.” “There’s still a lot of opportunity out there.” “There’s kind of a little bit of something for everybody.” “There are no restrictions in rental increases.” “It’s a very lucrative business.” “You’re going to buy that facility based on the income in place today.” “Really do your research.” “I want to get into self storage!” Links: 30 Minutes to Wealth homepage: https://www.30minutestowealth.com/
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