Self Storage Income

By AJ OsborneBusiness Entrepreneurship Education Investing How To

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Self Storage Income episodes

February 25, 2020 Self Storage Automation & the Future of Storage | Janus International’s Noke
Welcome back everyone to another episode of Self Storage Income. Today we’re talking self storage automation.
There’s no doubt that the world is changing. Not only that, the world is changing at an alarming rate in regard to technology. The self storage industry is not outside the scope of this change and continued implementation of cutting edge technology.
You might be asking - what kind of technology is cutting edge in the self storage industry?
Imagine a tenant being able to pick up their phone, select a unit at your facility, rent that unit, access the facility, store their belongings, and leave the facility without ever having to talk to an on site manager.
Now stop imagining and start listening because it’s a reality right now today, and that’s why in today’s episode I’m happy to welcome John Bilton and Nelson Hendrix from Janus International. We go in depth on the latest technology that Janus International is deploying that allows storage owners and operators to automate their storage facilities, to track tenant data to optimize operations, revenue, expenses, and more.
Just 5 years ago, the self storage industry couldn’t even begin to imagine the technology that is available today that would help storage owners, operators, and investors get the absolute most out of their storage portfolio.
Listen in and get the latest from the experts on self storage automation and optimization.
Be sure to check out the Janus website: https://www.janusintl.com/
As always, thanks so much for listening, we’ll see you next time,
AJ
58 min
February 19, 2020 What is a Self Storage Facility worth? How do you know?
The question all self storage buyers and sellers want to know - what is it worth?
I share today some insights as far as how self storage is valued, but also the very multi-faceted and subjective nature of self storage.
I dove into two aspects of value as well - Return and Risk. How do you balance these two elements and what do they mean to you?
I also go through a list of how to begin valuing a facility, what to pay attention to and what not to pay attention to, the importance of a margin of safety, and more.
Get your notepads out and get ready to take notes so you can get out there and start crushing your storage goals.
See you next time guys!
AJ
35 min
February 10, 2020How to Find Storage Deals | My Step by Step Process
He guys! Welcome to another episode of Self Storage Income!
In a nutshell, one of biggest topics and most asked questions we get is… “How do I get started?”
This is a huge question and the answers may not (and usually WILL NOT) be the same for everyone. However, I’ve put together a step by step process that can help guide anyone who is looking to start investing in, or who simply wants to learn more about self storage.
So in this episode, I’m going to break that step by step process down for you. I share each individual step from start to finish. After you’re done listening to this episode, you’ll know how and be able to search for potential storage facility investments, how to seed out the poor investments and look only at the best, and how to ultimately find that one deal you’re looking for that meets your investment criteria that you can put an offer on.
This discussion also goes hand in hand with value. The more we’re able to identify value, the more we can identify opportunity.
I’m super excited as always to share this with you guys. Let me know what you think. We also have the playbook we mention in this episode on the Self Storage Income website. We’ll be updating the playbook as we go, but be sure to check out the latest version on the website so you can start looking at and landing deals.
Thanks everybody,
AJ

Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
25 min
February 05, 2020 The Most Revolutionary Self Storage Analysis Tool | Cory Sylvester with Radius+
What’s going on everybody!? I’m super excited to share this episode with you guys. I had the pleasure of spending some time with Cory Sylvester, a founding Principle of Union Realtime - the minds behind the cutting edge self storage analysis platform Radius+.
Cory shares how he went from working on Wall Street as an analyst and consultant investing in tech companies, to building out the Radius+ platform and filling the massive need for a revolutionary self storage analysis tool.
Using Radius+ a user can drop a pin anywhere in the country and collect large amounts of valuable data for any specified area. Whether you’re looking for the storage per capita of a 3 or 5 mile radius of a property, or you’re wanting to know the rental rates of the other facilities in the area, or you want to locate and identify new facilities that have just opened in the area, you can do it all and so much more - and this is just the tip of the iceberg. You can collect an incredible amount of data from Radius+, which obviously is a huge advantage to anyone when you’re analyzing a potential self storage investment.
Cory shares their plans for the future and what they aim to continue to accomplish with Radius+ moving forward.
Apart from talking about this amazing platform, we also dive into the self storage industry and talk about a few really great points.
We talked about the micro-market nature of self storage and the issue of looking at national self storage trends to gauge the market.
Cory also shares the top three most important factors that either give a green light or a red light and signify whether a potential property is either good or bad. What are those three factors? Listen in and find out.
Be sure to check out Radius+ at: https://www.radiusplus.com/
Thanks so much for listening guys, we’ll see you next time.
AJ
34 min
January 23, 2020The Economic Future of Self Storage | What to Look for
Hey what’s going on everybody. It’s been a few days since our last Self Storage Income podcast, but for good reason.
I was recently, just this past week, at the Self Storage Association conference in Salt Lake where we talked about everything self storage and the economic future of the self storage industry. That said, I wanted to share with you all some of the points we covered at SSA in regards to the self storage market and where it’s all going.
Though markets and our attention to them is extremely important, we can’t let ourselves get distracted away from what really matters to us in our investing decisions.
Don’t make the common mistakes of trying to time markets, or waiting for investment opportunities instead of creating them, and so on.
I’m going to go over what we should stay focused on and how to look at and evaluate storage in good markets and in the bad.
Thanks guys for listening and I’ll see you next time,
AJ

Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
29 min
January 11, 2020How to Grow $200K to $4 Million In Self Storage
What’s going on everybody, we’re back with another episode here. We hope you’ve all had a great New Year’s and you’re ready to knock things out of the park this coming year.
We’ve been getting a lot of interest from you guys on topics that have to do with just starting out in self storage investing. So, that’s exactly what we’re going to talk about in this episode.
We go over the very first storage deal that I did in Bonners Ferry Idaho. As you’ll hear on the podcast, this facility was not the best. It was off of, and away from main roads, it was a small facility, and we hadn’t quite figured storage out yet obviously. That said though, it always cash flowed.
After learning some storage lessons, we actually ended up selling that facility. No, not for tens of thousands or hundreds of thousands more than what we bought it for… we actually sold it for less than what we had purchased it for. I explain in the podcast why this made sense for us at the time.
We took our lessons learned and the cash we did make and purchased another facility. After a while we then 1031 exchanged that facility, and this time, we walked away with $1million to take on to our next storage deal which we bought for $4million.
We still own that facility that we purchased for $4million, however, today it’s worth over $8million.
The lessons here are many – this is a marathon, a process, and it takes a lot of learning and growing. But what I really want you to take away from this is that there is very real possibility out there to grow your wealth through self storage, and like me, you can take a couple or a few hundred thousand dollars, invest it, and grow it into millions and beyond.

Thanks a ton for listening guys and don’t forget – In April 2020 I’ll be at ISS. It’d be great to connect with some of you there.
AJ

Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
29 min
January 01, 2020How to Know When to Buy and When Not to Buy Your New Storage Facility
Whether you do it before, during, or after watching, PLEASE SUBSCRIBE, LIKE, AND COMMENT.
Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.
Self Storage changed that for me once and for all. And I want to show you how it can work for you.
Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.
You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means people need a place to put all that stuff.
Enter self storage.
At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.
I want to show you how to get started in this industry and create true financial freedom.
THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL
With over 1 million square footage of self storage facilities across four states, we’ve created a scalable model that works.
We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.
The trick is... knowing when to buy and when not to buy a storage facility. Well, it's not so much a trick as it is a skill and a calculated process. I just released a playbook on the Self Storage Income website that goes through a lot of this process in an easy to follow, step by step process.
In this episode however, I focus on four main parts of the facility evaluation/identification process:
Supply/Demand
Location
Offering/Quality
Execution/Operations

We go over how important it is to start with the first two parts (the parts or factors that you cannot control)- Supply/Demand and Location.
We then jump into the other parts (which you do have control over) - Offering/Quality and Execution/Operations.
Listen in, get ready for the new year, and get ready to evaluate and make the leap to purchase some storage facilities this new year.

Please be sure to send us your questions and comments! And go to my website Self Storage Income to keep up with everything we have going on.

Thanks everybody and happy New Year!
AJ

---------
Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher

Self Storage Income Website: https://www.selfstorageincome.com

My OTHER Podcast & YouTube Channel - Cashflow 2 Freedom - https://www.youtube.com/channel/UCspPjuKSS7iohRa7VRvohqQ
46 min
December 19, 2019How to Start Investing in Self Storage | The Playbook
Whether you do it before, during, or after watching, PLEASE SUBSCRIBE, LIKE, AND COMMENT.
Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.
Self Storage changed that for me once and for all. And I want to show you how it can work for you.
Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.
You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means people need a place to put all that stuff.
Enter self storage.
At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.
I want to show you how to get started in this industry and create true financial freedom.
THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL
With over 1 million square footage of self storage facilities across four states, we’ve created a scalable model that works.
We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.

But, we all have to start somewhere. Talking to a lot of you guys through email and social media, one of the biggest topics that keeps coming up is how and where to start investing in self storage. So, I decided today that that's exactly what we'd cover in this episode. I go through step by step and share with you exactly how I'd do it if I were to lose everything today and have to start investing all over again.
Thanks so much to all of you for reaching out and connecting with me and being a part of this awesome group.
Please be sure to send us your questions and comments! And go to my website Self Storage Income to keep up with everything we have going on.

Thanks everybody,
AJ
---------
Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
---------
AJ's Self Storage Masterclass - https://cashflow2freedom.com/self-storage/
Self Storage Income Website: https://www.selfstorageincome.com
My OTHER Podcast & YouTube Channel - Cashflow 2 Freedom - https://www.youtube.com/channel/UCspPjuKSS7iohRa7VRvohqQ
27 min
December 19, 2019Self Storage Now | How to Identify Markets, Get Deals, & Add Value
Whether you do it before, during, or after watching, PLEASE SUBSCRIBE, LIKE, AND COMMENT.
Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.
Self Storage changed that for me once and for all. And I want to show you how it can work for you.
Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.
You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means people need a place to put all that stuff.
Enter self storage.
At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.
I want to show you how to get started in this industry and create true financial freedom.
THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL
With over 1 million square footage of self storage facilities across four states, we’ve created a scalable model that works.
We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.
Starting out, in self storage, it's super important to know how to properly identify a market for self storage that will yield the best returns, how to then get that deal under contract and close, and finally how to add value to your new storage facility. All points we're going to go over in this episode of Self Storage Now on the official Self Storage Income Podcast.

Thanks everybody,
AJ
---------
Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
---------
AJ's Self Storage Masterclass - https://cashflow2freedom.com/self-storage/
Self Storage Income Website: https://www.selfstorageincome.com
My OTHER Podcast & YouTube Channel - Cashflow 2 Freedom - https://www.youtube.com/channel/UCspPjuKSS7iohRa7VRvohqQ
28 min
December 12, 2019How to Evaluate a Market for Self Storage
Whether you do it before, during, or after watching, PLEASE SUBSCRIBE, LIKE, AND COMMENT.
Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.
Self Storage changed that for me once and for all. And I want to show you how it can work for you.
Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.
You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means people need a place to put all that stuff.
Enter self storage.
At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.
I want to show you how to get started in this industry and create true financial freedom.
THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL
With over 1 million square footage of self storage facilities across four states, we’ve created a scalable model that works.
We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.

Knowing how to read the market though, is a major key to that success. It's the big question everyone interested in storage wants to know - how do you evaluate a market for self storage?
There are a lot of considerations and calculations to take into account, but it's much more simple than I think a lot of people make it out to be. You just have to know what to look at.
I hope you all enjoy this look into the self storage market, and please be sure to send us your questions and comments!
Thanks everybody,
AJ
---------
Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.

You can also find the Self Storage Income Podcast on:
iTunes
Spotify
Stitcher
---------
AJ's Self Storage Masterclass - https://cashflow2freedom.com/self-storage/
Self Storage Income Website: https://www.selfstorageincome.com
My OTHER Podcast & YouTube Channel - Cashflow 2 Freedom - https://www.youtube.com/channel/UCspPjuKSS7iohRa7VRvohqQ
30 min