#1189 Nick Huber On How He Built $100 Million Empire
The Pomp Podcast
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How to Find the Right Self-Storage Facility
A $472,000 deal that we did by ourselves with a hundred grand of our own cash, three years later, it's worth a million bucks. So you can buy a small deal for half a million dollars, lease it up, operate it well, cut expenses and just let time do its thing. We get two phone calls a day at that property. Our manager spends two hours once a week sweeping out units, picking up trash, making sure everything's okay. You wash the buildings once every two years, you paint them every five years, put a new gravel down.
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