163 episodios

The authority on creating wealth and income through self storage.

Self Storage Income AJ Osborne

    • Economía y empresa

The authority on creating wealth and income through self storage.

    167. Building & Developing A Self Storage Facility w/ Ryan Lorenzini (Part 1)

    167. Building & Developing A Self Storage Facility w/ Ryan Lorenzini (Part 1)

    As you know, we’ve had some pretty incredible guests here on Self Storage Income, but I have to be honest here… I’m extra excited for our guest today. Meet my friend and fellow self storage investor Ryan Lorenzini. Ryan is also the Director of The Claremont Companies.

    Ryan became familiar with property development initially through home building. Fast forward to today and The Claremont Companies develop and operate a number real estate asset classes including self storage. He’s an absolute wealth of knowledge when it comes to property development and market analysis when looking at the viability of a self storage project. 

    This being said, we of course talk a lot on the podcast today about self storage development. In fact, this episode is part 1 of 2 of this discussion. Stayed tuned for the second part, where we follow up on a lot of the ideas introduced in this one.

    Self storage development questions easily rank in the top three questions I get consistently. So many people have land or even have a storage facility with expansion potential, or are even looking to go full fledged self storage developer. All said and done, the questions are the same - everyone wants to know whether to buy or to build, people want to know how much it costs to develop, and everyone wants concrete answers when it comes to potential development projects. We’ll today, we touch on every single one of these talking points and Ryan shares his years of experience and insight to help add clarity to the ever complex process of development.

    As you’ve heard me mention, the opportunity for self storage development is huge right now - the key? Doing it right! 

    Tune in, take note, and you’ll be well on your way to better understanding the self storage development process.  

    Be sure to check out Ryan’s company and keep up with all the great work him and his team are doing on their website: https://www.claremontco.com

    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value-engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

    Get in touch with Forge here:  - https://forgebuildings.com/podcast

     

     The Self Storage Income Podcast is also sponsored by:

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

    https://www.cedarcreekwealth.com/

    Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

    https://www.thecrecircle.com/

    Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/

    • 46 min
    166. Now is the Time to Make Millions: How We Leverage Recessions

    166. Now is the Time to Make Millions: How We Leverage Recessions

    Welcome back to the Self Storage Income podcast!

    The current level of inflation is out of control. With the Fed desperately trying to hedge against it by raising interest, we might be headed into, if not already in, another recession. As we mentioned in last week’s episode, the market is shifting, and capital is getting more expensive. Consumer sentiments are changing as people become more frugal and increase savings. 

    But then why did we just buy 23 facilities? All at once?? How is that even possible? Let’s talk about it in this week’s episode.

    You might have noticed that we’re adding a new segment to our podcast: Comment of the Week! This is where we read one of YOUR comments posted on our social platforms – like YouTube, Instagram, Twitter, etc. – or a review from this podcast on iTunes, Spotify, or Stitcher. As much as we love sharing our knowledge and our success stories, we also love hearing the stories and feedback from you, so we’re sharing them here on the podcast. Thanks for your support!

     

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    WE’RE HIRING - if you think you’d be a great fit for the Cedar Creek Team, contact me here: https://www.selfstorageincome.com/contact 

    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

    Get in touch with Forge here:  - https://forgebuildings.com/podcast

     

    The Self Storage Income Podcast is also sponsored by:

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

     

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

    https://www.cedarcreekwealth.com/

    Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

    https://www.thecrecircle.com/

    Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/ 

     

    • 27 min
    The Shifting Self Storage Market - Opportunities & Risks I’m Looking at Today

    The Shifting Self Storage Market - Opportunities & Risks I’m Looking at Today

    Welcome back everybody to the Self Storage Income Podcast! 

     

    We recently did a podcast titled - 'The Deals Are Coming Back'... if you haven't listened to that episode, you should. It complements this episode we have lined up for you today. 

     

    The self storage and real estate market as a whole is shifting. But before you lose your mind thinking things are going to "crash" (I don't believe they are), hear me out - there's going to be more buying opportunity in the next couple of years in self storage than there possibly ever has been. This is super exciting. But it's not all sunshine and rainbows. 

     

    Yes there are, and will continue to be incredible self storage investing opportunities - however, this does not come without risk. That's why today I wanted to share with you all the incredible self storage investing opportunities that I see coming down the line. And of course, I want to share with you all the risks and pitfalls that I'm looking at and paying attention to as well. The reality is - no one knows exactly what is going to happen and as Jocko Willink would say, "The enemy always gets a vote.", Meaning there will always be risks to mitigate and manage. 

     

    Outside of this, we talk about the ebbs and flows of the overall economy and the markets and what I'm doing to plan for the long term. Self Storage Investing isn't slowing down any time soon and neither am I! Now let's go get some deals! 

     

    Thanks everybody, 

    AJ

     

     

     

    WE’RE HIRING - if you think you’d be a great fit for the Cedar Creek Team, contact me here: https://www.selfstorageincome.com/contact






    Invest with Cedar Creek:

    https://cedarcreekwealth.investnext.com/portal/capital_raise/358/





    Success doesn’t happen on an island, which is why I’ve launched the CRE Circle. Build your community, your resources, and your commercial real estate investing opportunities. That first or even next deal could be right around the corner. You can learn more about the CRE Circle and sign up here: 

    https://www.thecrecircle.com/





    Want to pick up my best selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/





    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 to contact a current owner, and ultimately how to land a deal and purchase a storage facility.  





    You can also find the Self Storage Income Podcast on:

    iTunes
    Spotify
    Stitcher





    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company - https://forgebuildings.com/podcast

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

    Cedar Creek Wealth: https://cedarcreekwealth.com/

    • 38 min
    Improving efficiency with AI - Can Machine Learning Automate your Self Storage business?

    Improving efficiency with AI - Can Machine Learning Automate your Self Storage business?

    Software is one of the things that the Self Storage industry desperately needs. From automating simple operations like entry gates to helping address customer issues in a quick, efficient, and contactless way. I know, "AI" and "Machine Learning" and the like are basically buzzwords at this point. But actually applying them in a meaningful way that makes a difference in your business is what really matters. 

     

    Today we are discussing the possibilities with AI and system automations with co-founders Mason Levy and Rodolfo Ramirez from Swivl.ai. They integrate technologies similar to Siri and Alexa with websites and point-of-contact systems within Self Storage. 

     

    What can a software program like this do for you? It can help keep track of inventory, customer service, gate code assistance, bill pay, and much more. The goal is to improve efficiency and time spent by both customers and employees. You are able to serve customers quicker with less repetition and downtime. You can reallocate your employee's time to really maximize that efficiency in a variety of different areas.  

     

    You can find out more about the Swivl AI at https://tryswivl.com 

     






     

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    WE’RE HIRING - if you think you’d be a great fit for the Cedar Creek Team, contact me here: https://www.selfstorageincome.com/contact

     

    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

    Get in touch with Forge here:  - https://forgebuildings.com/podcast

     

    The Self Storage Income Podcast is also sponsored by:

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

     

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

    https://www.cedarcreekwealth.com/

    Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

    https://www.thecrecircle.com/

    Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/





     

    • 36 min
    No Money? No Problem! | How to Invest in Self Storage with Little to No Money

    No Money? No Problem! | How to Invest in Self Storage with Little to No Money

    As you could imagine, I get a ton of questions about all things self storage investing (just look at the comments section on my YouTube channel lol), but one question I get a ton is how much money do I need to invest in self storage? And how do I get money to invest in self storage? 

     

    Like so many others, most of us just don’t have an extra million dollars or several million dollars just sitting around waiting to be invested. And you clearly can’t invest without capital. I’m going to let you in on a little secret - NO ONE has enough money on their own to invest and grow a company as quickly and effectively as those raising capital. You simply cannot scale quickly enough on your own. 

     

    Why do you think these large private equity companies do capital raises? Why do you think companies go public? 

     

    But raising money or bringing in partners isn’t the only way to close great self storage deals. You can also seller finance. 

     

    The fact is, you can invest in self storage without a dollar of your own money. Quit focusing on the sale price and the money - focus on finding a great deal and then build the deal with partners, with conventional financing, or through creative financing such as seller financing. 

     

    We take a deep dive in today’s episode to talk all things financing to help get you off on the right track to building your own amazing self storage deal. 



    WE’RE HIRING - if you think you’d be a great fit for the Cedar Creek Team, contact me here: https://www.selfstorageincome.com/contact

     

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    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

    Get in touch with Forge here:  - https://forgebuildings.com/podcast

     

    The Self Storage Income Podcast is also sponsored by:

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

     

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

    https://www.cedarcreekwealth.com/

    Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

    https://www.thecrecircle.com/

    Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/

     

    • 47 min
    Self Storage Deals are Coming BACK | How to Prepare

    Self Storage Deals are Coming BACK | How to Prepare

    Welcome back everyone to the Self Storage Income Podcast where we talk all things self storage investing! This is your host, AJ Osborne! 

     

    It’s been a crazy moment the past few years for the self storage industry. Valuations were through the roof, there was crazy stupid money being thrown every which way into deals that would never pencil in reality, billions have been invested into the industry by major institutions, the list goes on and on. However, this is all about to change, and it’s already happening. 

     

    Deals are falling out of contract, capital is beginning to retreat slightly, values are on their way to returning to some kind of normalcy again, and competition in acquisition is declining, all great things for the self storage industry. But what does this mean for you as a self storage investor? 

     

    This means - you better be ready for all the great deals coming down the pipeline. You better have your team and your resources ready to find, secure, and close on self storage deals. You’ll find in the coming months that deals will be easier and easier to come across and sellers will be much more willing to work with you. 

     

    We cover all these aspects in todays podcast and share some ways that you too can prepare and ready yourself to be able to capitalize on the amazing opportunity that’s right around the corner (not to say there isn’t great opportunity right now). 

     

    Tune in, take note, and get ready to invest in some self storage deals! 





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    The Self Storage Income Podcast is Sponsored by:

    Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

    Get in touch with Forge here:  - https://forgebuildings.com/podcast

     

    The Self Storage Income Podcast is also sponsored by:

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

    Live Oak Bank - liveoakbank.com/incomepodcast

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

     

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

    https://www.cedarcreekwealth.com/

    Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

    https://www.thecrecircle.com/

    Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/

    • 52 min

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