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From Corporate VP To 8.1 Million In Self Storage Facilities and Freedom (In 2 Years) w/ Baird Kleinsmith
Feb 2, 2024
Baird Kleinsmith, an entrepreneur, shares his journey of going from a Corporate VP to owning 8.1 million in self-storage facilities in just 2 years. They discuss transitioning from corporate America to self-storage entrepreneurship, the concept of light work vs. heavy work, reflections on financial circumstances, building a mastermind community, and the journey to remote management.
39:37
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Quick takeaways
- Baird transitioned from a corporate job to investing in self-storage properties, finding success through operational improvements and a mix of financing options.
- Baird built a remote management team for his self-storage business, emphasizing the importance of clear expectations and effective communication for successful delegation and freedom.
Deep dives
Baird's Journey to Self-Storage Property Investment
Baird shares his experience transitioning from a corporate career in financial technology to investing in self-storage properties. After feeling dissatisfied with his nine-to-five job, Baird sought out alternative investment opportunities. He came across the concept of buying self-storage properties and was inspired to pursue it after listening to a podcast. Baird's journey began with acquiring his first property and quickly grew to include a total of eight properties, with a focus on adding value through operational improvements. He financed his investments through a mix of bank loans and seller financing.
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