Self Storage Income

In today’s episode, AJ and Conner discuss the evolution of Self Storage through years. When we got started, the market was drastically different. Whether you’re a first-time investor, or you’re a part of one of the largest private equity firms in the world - everyone is subject to the same fundamental concepts.

Operations, management, expansions - and it doesn’t stop there. That’s why AJ wrote his first book on Self Storage, and is about to publish his second. Sign up to be notified when the new book comes out! As a bonus, we’ll throw in our Due Diligence checklist too! https://www.selfstorageincome.com/dd-checklist

You may have heard the term “Ecosystem of Companies” before. An interconnected series of companies that solve very specific problems within the Self Storage Industry. AJ built these companies through years of learning things “the hard way.” Now, what problems do they solve? And how can you apply it to your Self Storage Investing?

Find out in this episode of Self Storage Income!

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership 

Contact us for more information about working with our architect. - https://www.selfstorageincome.com/contact 

Our Sponsor - Tenant Inc. - https://www.tenantinc.com/

Grab AJ's audiobook Growing Wealth in Self Storage for FREE: - https://www.selfstorageincome.com/free-audiobook

Thanks for listening!  

Welcome back everyone to the Self Storage Income Podcast on our 200th episode! As you know, we’re all about building business – specifically a self storage business that can own, operate, manage, develop, and syndicate self storage deals. Not everyone wants to go this route and that’s ok (which is why we syndicate right!?). But for those of you who do want to build a business, and even an empire – this episode is for you, and we have a couple amazing guests who can talk at length about how to build a wildly successful real estate business.

Please welcome Jeremiah Boucher and co-founder of his company Patriot Holdings, Tim Wilkins. Jeremiah is a name you’ll recognize as he’s been a semi regular guest with us here on the podcast. He’s an absolute wealth of knowledge, so if you haven’t listened to his other episodes here on the podcast, do so now. Now back to those who want to build empires. It takes time and it takes an incredible team. Today the four of us talk in depth about the good, the bad, and the lessons learned about building our self storage investing businesses. The insights like the ones shared here today have the potential to help you build the right foundations from day one, instead of struggling for years trying to figure it out on your own.

Listen in, take notes, and get ready to build your empire and the dream you know you deserve.

Patriot Holdings Website: https://www.patriotholdings.com/

Jeremiah's LinkedIn: https://www.linkedin.com/in/jeremiah-boucher/

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership 

Contact us for more information about working with our architect. - https://www.selfstorageincome.com/contact 

Our Sponsor - Tenant Inc. - https://www.tenantinc.com/

Grab AJ's audiobook Growing Wealth in Self Storage for FREE: - https://www.selfstorageincome.com/free-audiobook

Thanks for listening!  

Welcome to the Self Storage Income Podcast! Today Conner and AJ talk about legitimate tools you can use on your journey to success. 

You've seen the clickbait, you've been told to have a special morning routine, you've already heard "The One Thing You Need to Do to Become Wealthy." There is no one way, there is no big secret, and it won't be instant. The world is ever evolving and there are so many different ways to be successful. You are already on your journey! It's time to be successful in your own unique way and you can use these tools to continue moving forward. 

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership 

Contact us for more information about working with our architect. - https://www.selfstorageincome.com/contact 

Our Sponsor - Tenant Inc. - https://www.tenantinc.com/

Grab AJ's audiobook Growing Wealth in Self Storage for FREE: - https://www.selfstorageincome.com/free-audiobook

Thanks for listening!  

Welcome back everyone to the Self Storage Income Podcast! Investing in self storage can be pretty overwhelming sometimes. There are a lot of factors to consider, decisions to be made, and risks to be aware of – that is if you actually want to be a successful self storage investor.

Today, AJ provides a great metaphor on how to look at self storage investing that really breaks down the fundamentals of self storage investing success. There are a few key pieces that you need to be thinking about, pieces that live in a symbiotic relationship and one cannot live without the other. These key pieces of the puzzle are more important than ever as the self storage industry continues to return to a historical norm in regards to performance. Gone are the days of “build it and they will come”. Gone are the days of hitting returns with zero effort. As an owner or an investor placing your capital with a syndicator, you have to have your ducks in a row and ensure the people you’re working with do as well.

Thanks so much for listening everyone, enjoy the episode and make sure you have all your bases covered.

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Contact us for more information about working with our architect. - https://www.selfstorageincome.com/contact 

Our Sponsor - Tenant Inc. - https://www.tenantinc.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook

What a great week at the Inside Self Storage Expo! We just got back from Las Vegas where the ISS event was held. One of the biggest topics they covered was Automation and AI integration, with both private companies and public REITs all interested - so let's talk about it! 

AI has been adopted across industries almost immediately - decades faster than the Internet was adopted initially. Is this just hype? Or is this an industry changing force that will impact everyone - including investors, operators, and the industry as a whole? 

We can help you figure out what type of loan or financing structure you need, and where you can get funding for your deal: https://www.cedarcreekwealth.com/debt

Our partners:

Tenant Inc. - https://www.tenantinc.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook

The Self Storage market is undergoing an unprecedented time of change and fluctuation. Everything is being affected - buying & selling, cap rates, tenant occupancies, and more. If you are new to the market - or trying to get into the market with your first deal - what does this meant for you?

We know Self Storage is connected to residential housing. Does that mean we will experience the same desperation, skyrocketing debt, or foreclosures? 

Interest rates right now are extremely high, but prices have not come down. Leasing season - summer time - is coming up soon. What are WE doing to prepare? And how can you benefit?

Formerly an airline pilot, Ryan Gibson transitioned to real estate when he co-founded of Spartan Investment Group in 2013. Scott Lewis, his partner, and Ryan both wanted to be in an asset class that was uncorrelated with the market and it's extrinsic influences. Ever since, he's been growing his self storage portfolio to over 4 million square feet across a multitude of states. We're excited to have him share his insight into the market as it stands today!

Find out more about Ryan and Spartan here: spartan-investors.com

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here: https://www.cedarcreekwealth.com/debt

Our partners:

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Tenant Inc. - https://www.tenantinc.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook

There has been a major development in the self storage industry. One of the biggest REITs in the space, ExtraSpace, has merged with Life Storage for a record $12.7 billion, making it the largest merger in the Self Storage industry by FAR. Where will this take us and what does it mean for the self storage world?

For years, we've talked about market consolidation in this space. The sheer market size of this merger can tell us a lot. Public Storage even joined in on the fun. 

This is not just some "big news" you seen on the Wall Street Journal. This WILL affect your state, your city, and your market. It's been building up for years - and it's finally come to fruition. 

Let's break it down in this episode of Self Storage Income! 

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here: https://www.cedarcreekwealth.com/debt

Our partners:

Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest

Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle 

Tenant Inc. - https://www.tenantinc.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook

In the midst of the recent bank collapses, economists and investors alike are shuddering at the impact of high cost of capital and the Fed's continual interest rate hikes. Banks are extremely nervous and wary of investments - all investments. INCLUDING storage.

Why is this happening, and how will it affect us? When we saw storage being oversupplied with falling demand, we knew a bubble was coming. Now it's here. 

When we look at investing in self storage, we always underwrite a "worst case scenario" - what will happen to our money if rates spike or cashflow wasn't as expected? There's a time and place to be buying or be holding back. We've done this before back in 2017 - but how do you know what to do when the market shifts? 

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here:

https://www.cedarcreekwealth.com/debt

Our partners:

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

Janus International - https://www.janusintl.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook 

Welcome back everybody to Self Storage Income! Today we have an exciting guest, Mike Burnam, on to talk about the current state of self storage markets - particularly smaller, tertiary, and subprime markets - as the bubble created by the pandemic is starting to pop.  

Mike is the CEO of StorageMart and has been in the industry for over 42 years, with over $4 billion worth of self storage. He has experience with being publicly traded then went private, and has operated in the US, Canada, and the UK. 

So what's going on with storage? Debt is harsh, ChatGPT is disrupting Google's dominance, and large competitors, like Public Storage, is experimenting with more and more remote & digital solutions in their properties. ExtraSpaceStorage, just bought over $500 million to buy a portfolio of over 100 properties. These changes will determine the future of storage, especially impacting smaller markets in rural areas while high population areas approach these changes head-on. Find out more in this episode! 

You can reach out to Mike directly via his email: 

[email protected] 

Find out more about StorageMart:

https://www.storage-mart.com 

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here:

https://www.cedarcreekwealth.com/debt

Our partners:

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

Janus International - https://www.janusintl.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook 

The economy is shuttering: with the Fed raising rates trying to slow down inflation, banks are responding differently to investors than they used to. Developments aren't getting approved as much as they used to. What does this mean if you are wanting to invest in, build, or acquire a new storage facility? 

Today we are joined by Anna Taylor, who is the head of Self-Storage Lending at Live Oak Bank and she is an absolute self storage lending expert. She's kept a close eye on the industry over the last decade.

We talk about the market conditions right now, what she's seeing from a lending perspective, and what needs to be done prior to obtaining the loans and financing you may need. 

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here:

https://www.cedarcreekwealth.com/debt

Our partners:

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

Janus International - https://www.janusintl.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook