Starting and Growing a Successful Self Storage Business with Chris Ramsey

May 10, 2022

Self storage investor and entrepreneur Chris Ramsey discusses identifying product market fit, demand in self storage markets, industry changes, and more with host AJ Osborne. They cover insights from Chris's background in the moving business and software industry, as well as challenges and successes in converting different buildings into self-storage units. The podcast also explores shipping costs, financial underwriting, market dynamics, and acquisition strategies in the self-storage business.

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Introduction

00:00 • 3min

Evolution and Expansion in the Self Storage Industry

02:47 • 5min

Converting Different Buildings into Self-Storage Units

07:33 • 2min

Challenges and Decisions in Self-Storage Projects

09:11 • 16min

Insights on Shipping Costs and Acquisition Strategies in Self-Storage Business

25:14 • 4min

Navigating Financial Underwriting and Market Dynamics in Self-Storage Real Estate

29:12 • 26min

Welcome back everybody to the one and only Self Storage Income Podcast - this is your host, AJ Osborne! I have yet another incredible guest lined up for you on the podcast today - we have self storage investor and entrepreneur Chris Ramsey. Hailing from the moving business, Chris and his family weren’t too far off the mark when it came to looking at self storage. Chris actually developed a software for moving companies that also helped gather data about those individuals moving and their needs throughout that process. As you might imagine, this gave great insight for Chris in identifying the majority of people’s obvious need for self storage. We cover a variety of topics on today’s podcast but to share a few - we discuss the importance of identifying product market fit and supplying a market with the self storage product that is actually in high demand. We also talk about the king of good self storage markets - DEMAND. Outside of this, we discuss some industry changes, what we’re seeing and experiencing in self storage, and more. You can connect with Chris on Twitter here: https://twitter.com/ChrisRamsey60 Thanks everybody! AJ 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: Janus International - https://www.janusintl.com/ Live Oak Bank - liveoakbank.com/incomepodcast Tenant Inc. - https://www.tenantinc.com/ Cedar Creek Wealth: https://cedarcreekwealth.com/