Property Management Growth with DoorGrow DGS 68: Self-Storage Management with Paul Moore
Do you work for or regularly spend your money at Subway, McDonald’s, or Starbucks? Did you know that if you combine all their locations in the United States, there’s still more self-storage facilities?
Today, I am talking with Paul Moore, a real estate entrepreneur, author, and podcast co-host. He’s made a lot of fun moves and money over the years, but a lot of mistakes, too. He shares how self-storage management offers a lot of opportunities.
You'll Learn...[01:44] Paul’s semi-retirement pain from not having a plan in place. [04:09] Entrepreneurs know things that work, that don’t, and how to lose money. [04:21] What makes self-storage appealing and useful to property management. [06:10] Passive real estate investment with a lack of optimization and systemization. [06:54] Ways to juice returns, increase income and value. [08:00] Where and how to find self-storage opportunities. [10:25] Biggest financial leaks to generate revenue; know renters’ motivations and income levels, add U-Haul and ancillary services/fees, and restructure units. [14:00] 7 ways to get into self-storage when you don’t want to do self-storage. [15:42] All about Wellings Capital and branching out from multifamily investments. [17:46] Paul’s property management tips (Apartment Life, ACH, and staging)./p
TweetablesRetirement feels like death to most entrepreneurs.
Entrepreneurs know things that work, that don’t, and how to lose money.
If you build self-storage facilities, customers will come.
ResourcesThe Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing
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