Self Storage Income 323. Why This Husband and Wife Bought Storage Instead of Rentals (No Regrets)
This husband and wife skipped rental properties and went straight to self storage investing. They kept hearing the regrets from other investors saying “we wish we scaled faster.” So, why wait to scale to bigger properties when you can just buy them from the start? That’s exactly what Matthew Rojas and Jingwen Ni did, and they have zero regrets.
It took Matthew and Jingwen two years to find the perfect self storage investment. But, the waiting was worth it. They landed a seller financed, completely full, storage facility with 30%-40% room to increase rents. How did it go with the current customers? They’ll share the entire story from finding the first facility to negotiating, raising rents, and automating it with software and smart upgrades.
But they didn’t stop. Now, they have two self storage facilities—the newest being a high cash flow “land lease,” that few storage owners even know is possible. Beginners, this is the repeatable model to follow to get your first, second, or third self storage facility!
What you’ll learn in today’s show:
- Why you should skip rental properties and go straight for self storage and commercial real estate
- How to get the perfect self storage investments sent to you from brokers and wholesalers
- Raising rents by 30%-40% with very few move outs (do what Matthew and Jingwen did!)
- “Land leasing” self storage facilities for high cash flow and big tax benefits
- Why occupancy does not matter in self storage, what you should focus on instead
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