251. Getting into Self Storage Investments at 50 Years Old (MASSIVE Success!) w/Russell Nersesov

Jul 2, 2024

Former chiropractor Russell Nersesov shares his self storage investing journey at age fifty, buying six facilities in four years. He discusses career transitions, finding deals in tough markets, making offers, and essential investor criteria. Brokers’ adjustments, buying confidence, and market insights are highlighted. The focus is on small markets with low competition and high upside, offering valuable advice for aspiring investors.

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Intro

00:00 • 2min

Expanding Opportunities: Investing in Self-Storage Post-COVID

01:53 • 10min

Navigating Market Conditions and Embracing Technology in Self-Storage Investments

11:43 • 4min

Navigating Realistic Brokers in the Self-Storage Investment Market

15:22 • 15min

Navigating Investment Decisions and the Importance of Feasibility Studies in Self-Storage Investments

30:11 • 3min

Confident Investing in Self-Storage Market

33:01 • 7min

Exploring Remote Management and Operational Strategies in Self-Storage Facilities

40:23 • 2min

Self-Storage Investment Strategies and Market Selection

42:18 • 12min

Think you’re too late in the game to get into self storage investments? Feel like you can’t give up that career you took decades to build to take a shot at achieving financial freedom? Today’s guest is about to fire you up! At age fifty, he took a giant leap, quitting his chiropractor practice of over twenty years to go head-first into real estate investing. In just four years, he was able to buy six self storage investments, and he’s not stopping anytime soon. And if you feel like your career’s clock is ticking, and self storage could be your way out, Russell Nersesov is the guy to listen to.

In today’s show, Russell talks about leaving his stable career to pursue something else, how he’s finding deals even in today’s tough market, why he makes offers on everything that could work for his portfolio and the two things EVERY investor should be looking for when trying to find self storage investments.

Russell even flips the interview, getting AJ’s take on some of the most crucial questions self storage investors are wondering about. You’ll hear why brokers are finally starting to get “realistic” with their prices, the “readjustment period” sellers are going through, and how to have the confidence to buy when everyone is telling you to wait instead (BIG mistake!).

What you’ll learn in today’s show:

How to change your career later in life and start investing in self storage today
Why Russell invests in small markets with low competition and high upside
Russell’s secret to getting more deals and how he bought six facilities in just four years!
How Russell remote manages his facilities while achieving an incredibly high occupancy rate
The changing self storage market and why the past four years have been like nothing we’ve ever experienced
Buying during down times and how to be greedy when everyone else is fearful

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