178 episodes

The authority on creating wealth and income through self storage.

Self Storage Income AJ Osborne

    • Business
    • 4.9 • 504 Ratings

The authority on creating wealth and income through self storage.

    182. Investing with Others | Raising Capital with Syndications w/ Ryan Strub

    182. Investing with Others | Raising Capital with Syndications w/ Ryan Strub

    Raising capital today is more uncertain than ever. Funding deals for any real estate investment has more implications than it did just a year ago. Syndications have numerous pros and cons between the sponsors, the people putting the deals together, and the investor, the people bringing the capital to the deal, who are typically accredited investors.

    What if you aren’t accredited? Can you still invest without meeting the legal requirements? 

    What is your


     cost of capital?
     control that the capital brings?
     certainty of capital?

    We tackle these pressing questions with Ryan Strub, the head of commercial investments at Crowdstreet, a company specializing in linking vetted sponsors with investors and coming together on commercial real estate deals - including self storage. With over 700 deals funded and $4 billion invested, Crowdstreet offers tremendous opportunity and choice for investors.

    Find out more about Ryan and Crowdstreet: https://www.crowdstreet.com/ 

    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  

    Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek here: https://www.cedarcreekwealth.com/

    • 42 min
    181. The Beauty (& Horror) of Remote Management - Can you FULLY Automate a facility? w/ Terry Campbell

    181. The Beauty (& Horror) of Remote Management - Can you FULLY Automate a facility? w/ Terry Campbell

    One of the great benefits of a Self Storage facility is its low maintenance costs. Sometimes, it may be in an operator’s best interest to fully automate a facility by making it unmanned, which can help increase customer satisfaction through online systems, and cut down costs associated with staffing. 

    However, it’s not as easy as it sounds. If a customer has questions, how would they reach someone? How do you handle payments? Defaults? If a facility is broken into, how would you know? And who do you call? 

    Today we talk with Terry Campbell from Copper Storage Management, who specialize in remote management of Self Storage facilities. We ask him some of these pressing questions and talk about how he has overcome these obstacles, and what solutions can be used for day-to-day operations. 

    Find out more about Copper Storage Management here: https://copperstoragemanagement.com/ 

    Sign up for our SSI community on facebook! https://www.selfstorageincome.com/ssi-community 

    Join Copper Storage Management + Live Oak Bank for a discussion about self-storage remote 3rd-party management, financing and more! Mark your calendars for Nov. 17th at 2PM EST. Register now: https://us06web.zoom.us/meeting/register/tZ0tceGvrDsjHtKGAsfwMJfcgG2KKospDdyw 

    Our partners:

    Live Oak Bank - liveoakbank.com/incomepodcast

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

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

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

    https://www.cedarcreekwealth.com/

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

    • 58 min
    180. Taking Advantage of Taxes in Self Storage | Leveraging Depreciation w/ Yonah Weiss

    180. Taking Advantage of Taxes in Self Storage | Leveraging Depreciation w/ Yonah Weiss

    Welcome back to Self Storage Income! Today we're answering some of our most asked questions about TAX. Specifically, how does self storage benefit from the US Tax Code? 

    We've invited Yonah Weiss back on the podcast for this episode. He is a cost segregation expert and has saved millions of dollars in taxes for his investors. The last time he was on, we focused on his backstory and cost segregation specifically (you should check out episode #77 from Dec. 2020).

    But today, we talk with him specifically about accelerated depreciation - and how you can use it to write off the depreciation of your property in the FIRST YEAR, effectively saving a small fortune in property tax. 

    Learn more about Yonah: https://www.yonahweiss.com/ 

    NEW sign up for our SSI community on facebook! https://www.selfstorageincome.com/ssi-community 

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

    Join Copper Storage Management + Live Oak Bank for a discussion about self-storage remote 3rd-party management, financing and more! Mark your calendars for Nov. 17th at 2PM EST. Register now: https://us06web.zoom.us/meeting/register/tZ0tceGvrDsjHtKGAsfwMJfcgG2KKospDdyw 

    Our partners:

    Live Oak Bank - liveoakbank.com/incomepodcast

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

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

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

    https://www.cedarcreekwealth.com/

     

    • 49 min
    179. Automating Storage Facilities using Tech w/ Hayden Buettner

    179. Automating Storage Facilities using Tech w/ Hayden Buettner

    Self storage is known for its low maintenance costs and relatively low upkeep compared to other real estate types. However, offering certain features to customers, such as convenience, privacy, and improved customer service, can help you stand out amongst your competitors.

    Today, we're talking with Hayden Buettner from Janus international. They pioneered the NoKe automated locking system that we use on our facilities. We talk to him about how the advancement in technology, which used to be a competitive advantage, has more or less become a necessity. Additionally, how has NoKe improved our operations, and what's next for the future of Self Storage tech? 

    Check out Janus - https://www.janusintl.com/

    NEW sign up for our SSI community on facebook! https://www.selfstorageincome.com/ssi-community 

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

    Join Copper Storage Management + Live Oak Bank for a discussion about self-storage remote 3rd-party management, financing and more! Mark your calendars for Nov. 17th at 2PM EST. Register now: https://us06web.zoom.us/meeting/register/tZ0tceGvrDsjHtKGAsfwMJfcgG2KKospDdyw 

    Our partners:

    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 here:

    https://www.cedarcreekwealth.com/

     

    • 53 min
    178. Understanding Market Demand & Navigating Risk in an Uncertain Economy

    178. Understanding Market Demand & Navigating Risk in an Uncertain Economy

    Storage is incredibly localized. Generally, these 3-5 mile zones are what is considered a standard market radius. This means that storage can perform amazingly even when the economy is hurting. But the opposite is true: the market can be doing great and your facility could be failing. 

    How you execute and react to changing market conditions matter more and more. The market is no longer in the place where being in the market automatically yielded high returns. Consumers and investors are both feeling the pressure from economic conditions, and every decision has more of an effect today and it did just two years ago.

    In this episode, we discuss some of the criteria of how we look at facility markets and how to truly understand the effects of supply and demand, even in a localized area. But not only that, we also discuss the potential benefits and consequences that arise from an unstable or unpredictable market.

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

    Our partners:

    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 here:

    https://www.cedarcreekwealth.com/

     

    • 40 min
    177. How to Land Your Next Deal, Seller Financing, & Red Flags

    177. How to Land Your Next Deal, Seller Financing, & Red Flags

    The deals are coming back, but the economy is shifting rapidly. How do you find and land a self storage deal during a time of uncertainty? 

    The ability to execute and find good deals is coming back (we discussed this in the last episode). Now is the time to buy. And buyers and sellers are both facing massive industry changes in deal flow. Deal flow is increasing, and this affects prices, margin, contracts, and how brokers approach closing these deals. 

    We're taking you through the experience of a few of our past deals and some of the big red flags we see.

    What makes a GOOD deal and what should you avoid? Find out in this episode of Self Storage Income.

    Our guide for what to do on Closing Day: https://youtu.be/UBaqhaKfNug

    Thread on financing: https://twitter.com/ajosborne1/status/1581670937723695104?s=46&t=mHsxTpKT6O4qr_ttvUmlFA 

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

    Our partners:

    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 here:

    https://www.cedarcreekwealth.com/

    • 41 min

Customer Reviews

4.9 out of 5
504 Ratings

504 Ratings

Kyle Daneff ,

Love the Content

Really enjoy listening to the Team! I would be great to have some smaller storage owners on. I own 8 locations with 400 doors would be nice to hear some best practices they have. Thanks AJ and team for the podcast! Hoping to make it out the Idaho for your annual conference next year. I lived in Pocatello for a few years. Kyle

yarobagriy ,

Great podcast for beginners in self storage

I’ve been a real estate investor for a few years now and am looking to get into self storage to diversify. I found this podcast and started listening. I’m amazed at how detailed the podcast is. It’s in depth while also covering breadth. Highly recommend 10/10!

xaynepoo ,

Great Content and Information

I’ve been in storage now for 2 years and have 5 facilities. This podcast has very relevant up to date information about the storage industry whether you are just getting started or have been in the industry for while. Very easy to listen and follow. Thanks AJ

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