Self Storage Income

AJ Osborne
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Self Storage Income

The authority on creating wealth and income through self storage. Find our video podcast on YouTube: https://www.youtube.com/playlist?list=PLoaCszL7eN9T7EixaJgL49WTLsT-CWLD1

  1. 267. Why You DON’T Need Big Facilities to Succeed in Self Storage Investing w/Justin James

    HÁ 2 DIAS

    267. Why You DON’T Need Big Facilities to Succeed in Self Storage Investing w/Justin James

    You DON’T need to be doing million-dollar deals to build wealth with self storage. Take it from Justin James, who, at only twenty-six years old, has two self storage facilities, both of which cost him as much as many people’s houses. He’s had his ups and downs, like the recent fire that burned one of his buildings, but he’s STILL bullish on self storage, especially the smaller facilities that pack much better potential. We brought Justin on to talk about how someone with zero experience can get started and the best properties for someone just getting into the self storage game. He shares how he found the properties, finances them, manages them, and dealt with what nobody wants to deal with—an early morning call from the fire department. But Justin isn’t the only one who sees huge potential in small self storage properties. AJ is a BIG fan of this investing strategy and shares why these overlooked facilities might be the key to the best returns in the industry. If you don’t have a ton of experience or money to start investing, worry not. Justin is a prime example of how anyone (yes, even you!) can get started today.  What you’ll learn in today’s show: The overlooked small self storage facilities that new investors should start with How to manage your facility when disaster strikes (like a fire!)  The massive value-add opportunity of mom-and-pop deals that “big money” overlooks  “Operational” impacts you can EASILY make to your facility to raise its value Why value-add self storage almost always beats multifamily investing  Auditing your time and how to STOP doing the less important work at your facility — Justin’s Instagram - https://www.instagram.com/justinjameslive/📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

    47min
  2. 266. 4 Self Storage Investments in 2 Years After Losing Absolutely Everything w/Charles Lindner

    15 DE OUT.

    266. 4 Self Storage Investments in 2 Years After Losing Absolutely Everything w/Charles Lindner

    Today’s guest bought four self storage facilities in two years after disaster struck his family. Imagine you just lost everything. Your house is gone, your job is over, and you’re in a new city. You’re trying to rebuild your life but starting back from zero. Most people would settle into defeat, asking, “What’s the point?” as they struggle to cope with what just happened to them. Charles Lindner isn’t like most people. After a fire took away his house, memories, possessions, and sense of security, Charles searched for something he could feel passionate about. Rental properties seemed enticing, but during the lockdowns, with rents rarely being paid, he knew single-family homes weren’t for him. After his soon-to-be business partner commented on how much self storage facilities seemed to be making, he did some digging, found this podcast (seriously!), and now has four facilities in just two years. Okay, but how does someone with zero experience build a self storage empire in the time it takes most beginners to get their first deal? Today, Charles shares his secret to finding the best value-add facilities, how he gets 0% interest seller financing deals, and the one thing you MUST do if you want to get a facility under contract.  What you’ll learn in today’s show: How to build your self storage investment portfolio from SCRATCH (with zero experience) The mismanaged self storage facilities you should look for when searching for deals Seller financing and how to score a 0% interest rate on your next facility Why you always (ALWAYS) should visit the property BEFORE you make an offer  What to do when you don’t have any more money to invest (and can’t get a bank loan!) The perspective shift that follows a traumatizing event that breeds success  — Follow Charles on Instagram - https://www.instagram.com/deallock71/ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

    49min
  3. 265. Syndications Collapse! (Listen BEFORE Raising Capital for Real Estate) w/Mauricio Rauld

    7 DE OUT.

    265. Syndications Collapse! (Listen BEFORE Raising Capital for Real Estate) w/Mauricio Rauld

    Real estate syndications have fallen off a cliff. Those currently stuck with underperforming properties are scrambling to find ways to pay the bills and stop banks from foreclosing on them. All those inexperienced investors who wanted to become real estate syndicators? Those dreams are drying up. Mauricio Rauld, real estate syndication attorney, has seen transactions collapse as interest rates rose and cap rates expanded. But, because of it, we could be coming into a huge opportunity to raise capital—you just need to know the RIGHT way to do it. In this episode, we’re talking about what happened to real estate syndications, why syndication transactions have cratered, and some good news for investors waiting for sellers to return to reality. Syndicators are getting desperate. They’re sending out capital calls to keep their deals afloat and are facing refinances with massive repercussions. How do you avoid getting into this spot yourself? If you’re raising capital for real estate, you MUST listen to this episode. Mauricio is sharing some key “do’s and don’ts” that could stop you from breaking SEC compliance and ending up in hot water. Plus, if you DO want to invest in syndications, we’re sharing tips to help you invest in the right one instead of the one with the "highest return."  What you’ll learn in today’s show: Why so many real estate syndications are failing in 2024 The “do’s and don’ts” of raising capital for real estate, ESPECIALLY if you’re syndicating  Why syndicators are making capital calls to save their drowning deals  Managing expectations as a real estate syndicator and one thing AJ tells EVERY investor he works with  New accredited investor qualifications and the significant change that could be coming soon  Whether banks will foreclose on many of these failing syndications  — Work with Mauricio - https://www.premierlawgroup.net/ Grab Mauricio’s Book on Legal Strategies - https://legalstrategiesforeveryone.com/ Hear AJ and Mauricio on Drunk Real Estate - https://www.drunkrealestateshow.com/

    35min
  4. 264. 7 Mistakes to Avoid When Buying a Storage Facility

    1 DE OUT.

    264. 7 Mistakes to Avoid When Buying a Storage Facility

    New to self storage investing? Then, at all costs, avoid these seven crucial beginner mistakes. When you’re buying a storage facility, a lot can go right…but a lot can go wrong, too; if you haven’t been in this game for a while, it’s easy to trip up and buy a facility that ends up costing you. So, how do you avoid all the beginner pitfalls that we’ve seen wipe out storage operators before they get their footing? Stick around because we share two decades of mistakes with you, so you DON’T make them. We’re getting into WHY beginners never buy their first storage facility, the “good” problems you should hunt for when looking for deals, and the WRONG metrics that will throw you off course. We’ll also describe, in detail, how to analyze a market for demand so you don’t buy in an area that DOESN’T need more self storage. Plus, how getting unit sizes right can help you beat the competition and fill up your facility fast. We’re also highlighting due diligence errors and how to fact-check what the seller reports so you don’t buy a facility different from the one you thought you were getting. And stick around for the end—we’re taking your questions from past episodes and answering them on today’s show!  What you’ll learn in today’s show: The seven biggest mistakes you must avoid when buying your first (or next) self storage facility  Why you DON’T need “everything” to get started and how to get in the game NOW The reason we hunt for “good” problems that we can fix (these make the BEST facilities) Self storage “rules” you should ignore that could cost you a solid deal  How to project future demand and confirm that your facility will have high occupancy  Getting your unit sizes right and how to know you’ll be vacant/occupied after you buy — Growing Wealth in Self-Storage 2.0 - https://www.amazon.com/Growing-Wealth-Self-Storage-2-0-Post-Pandemic/dp/1735258865/ref=pd_lpo_sccl_1/130-4697294-4842904?pd_rd_w=Avd61&content-id=amzn1.sym.4c8c52db-06f8-4e42-8e56-912796f2ea6c&pf_rd_p=4c8c52db-06f8-4e42-8e56-912796f2ea6c&pf_rd_r=BSC3EPJZ1BW18SHS5Q43&pd_rd_wg=iwGnD&pd_rd_r=a8a3d912-35b9-4cb4-9824-72248ca17bb7&pd_rd_i=1735258865&psc=1

    48min
  5. 263. The Man Who Taught an Entire Country to Start Using Self Storage w/Henry Madden

    1 DE OUT.

    263. The Man Who Taught an Entire Country to Start Using Self Storage w/Henry Madden

    Ten years ago, barely anyone in Brazil used self storage, or even knew what it was, for that matter. But one man, Henry Madden, saw what no one else could: a country sentimental about physical items, with a population living in small apartments and needing more space. The problem? How can there be demand for self storage when nobody in Brazil even knew they needed it? Fast forward to today, Henry owns the most popular, highest-demand self storage facilities in Brazil. He can’t build units fast enough and is raking in high rents even with Brazil’s significantly lower building cost. So, how did a foreigner successfully create a new industry, learn the laws and regulations, and succeed even during lockdowns? Want to build wealth in self storage? Like Henry, you need to think outside the box (or more like BUILD the box). He shares exactly how he started his business, built his massively successful first self storage facility, and the lessons YOU can learn from his experience to invest in a market nobody else believes in.  What you’ll learn in today’s show: Why Henry chose Brazil as the country to start building his self storage empire  Educating an entire population and creating (not finding) self storage customers  The surprisingly high rents Henry brings in at his Brazilian facilities  The cost to build a multi-story, class-A self storage facility in Brazil  Out-building your competitors in dense, urban areas so you control the market  The one event that “triggered” Brazilians to start using self storage  — Moby Self Storage https://mobystorage.net.br/

    29min
  6. 262. Self Storage 101: Underwriting and Analyzing a Facility in 2024

    17 DE SET.

    262. Self Storage 101: Underwriting and Analyzing a Facility in 2024

    How do you get the best self storage deals? You’ll need self storage underwriting! Underwriting (AKA analysis) allows you to tell whether or not a facility is worth the price, how much you should offer, and whether it’s even worth buying in the first place. Plus, it’s not just about analyzing on-market deals. You can use our self storage underwriting model to find the “money on the table” off-market deals that most investors will miss. Today, we’re teaching you the first steps of how to value a self storage facility. Regardless of how a seller prices their facility, you MUST perform this analysis to ensure you get a good deal. AJ and Conner discuss the intrinsic vs. extrinsic value of self storage investments and how to control one of these factors so you ALWAYS buy deals with significant upside. We’ll touch on underwriting expenses, revenue, occupancy, and more, plus the one huge opportunity that most investors are missing out on today. Ready to buy your first self storage facility or expand to the next one? This is where to start!  What you’ll learn in today’s show: How to underwrite (analyze) a self storage facility to ensure it’ll make you money The “money on the table” variables you can’t overlook when analyzing storage deals  Why the “value” of a facility is NOT the same as what a seller prices it for  Why you should never, EVER assume the market will make your facility worth more One huge opportunity in self storage that most investors are running from  — Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Podcast Survey https://form.asana.com/?k=da0pR8v74pC8OEgx9dgKRQ&d=1203571084143207 Growing Wealth in Self-Storage 2.0 https://a.co/d/aRSKcSq SSI Live Event https://www.selfstorageincome.com/ssi-live-2024

    1h1min
  7. 261. How to Get More Self Storage Customers While Spending $0 on Ads w/Jason Koonin

    10 DE SET.

    261. How to Get More Self Storage Customers While Spending $0 on Ads w/Jason Koonin

    Self storage investing ISN’T only for the United States. Our neighbors to the north might be a way better pick for your next self storage facility than down here in the States. Need proof? Today’s guest, Jason Koonin from Bluebird Self Storage, is getting higher occupancy and rents and spending $0 on ads with his Canadian self storage facilities. How is he doing it, especially since big facilities in the States are fighting tooth and nail to get any customer in the door? His self storage marketing strategy is a little bit different… First, how does someone new to self storage go from having zero experience to building A-class facilities across a different country? Jason shares how his self storage companies exploded in 2020 and 2021 and how they managed to survive 2022 and 2023. Not only that, Jason realized something that most self storage operators get completely wrong about customer acquisition—you DON’T need to pay for ads…at all! Through strategic self storage SEO, he’s bringing in customers at a fraction of the cost while most of his competitors are still trying to outrank him. We’ll also speak about the significant differences between Canadian self storage investing and American self storage investing and why now may be the best time to get into the Canadian market as their population grows, with VERY few self storage facilities to match the demand. What you’ll learn in today’s show: Why Canada might be the next best place to buy (or build) a self storage facility  How to get more self storage customers without paying a dollar for ads Jason’s self storage SEO strategy he uses to outrank even the biggest competitors in his market  What you MUST do as soon as you start building/planning to buy a self storage facility to rank #1 on Google Jason’s outlook for the self storage industry and what he’s doing to beat the competition Why development is starting to come back and good news for those in self storage acquisitions  — Forge Building episode Sunbird Storage Storagely

    48min
  8. 260. Building Storage Units for Beginners: What Experts Know That You Don’t w/Forge Building Company

    3 DE SET.

    260. Building Storage Units for Beginners: What Experts Know That You Don’t w/Forge Building Company

    Building storage units is not easy, but if you listen to this episode, you’ll be more educated on the self storage development process than most investors out there. If you’re thinking of building a storage facility, this information is essential for you to make the best design decisions and avoid financial pitfalls that could sink your project before it even gets off the ground. Hamish Bell and Melissa Anderson from Forge Building Company join Conner today to talk about the self storage industry and what’s happening with development in 2024. With interest rates still high, more projects are being abandoned, but does that make now a bad time to build self storage facilities? What happens when the supply gets taken up due to all the delayed and canceled projects from today? We’re sharing our thoughts on this episode. Plus, we’ll be getting into the details of building storage facilities, from prices to designing and planning, getting the city on board before you break ground, pitfalls to avoid, and the process you must go through to begin, whether you’re a new investor or someone with previous development experience.    What you’ll learn in today’s show:   Self storage development 101 and why building storage is so different than other asset types Why more self storage development deals are being abandoned in 2024 Construction costs and calculating the price to build your next facility  Conversions vs. new build development and which is a better bet in 2024 Design and planning, plus the one thing you should do BEFORE you begin to build Advice for brand new investors to get started with their first new build facility  — Build with Forge Email Forge: sales@forgebuildings.com

    1h1min
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The authority on creating wealth and income through self storage. Find our video podcast on YouTube: https://www.youtube.com/playlist?list=PLoaCszL7eN9T7EixaJgL49WTLsT-CWLD1

Informações

  • Criado por
    AJ Osborne
  • Anos de atividade
    2019 - 2024
  • Episódios
    263
  • Classificação
    Livre
  • Copyright
    © 2024 Copyright 2020-2024 All rights reserved.
  • Site do podcast
    Self Storage Income

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