What You Need To Know About Developing Self Storage Facilities | Marc Kuhn E119

Rich sits down with the Marc Kuhn - Real Estate Investor, Developer, Contractor. Marc started his construction career with his father in 1994. In 2010 he left his hourly job with $2,500 in his account and started MAK Construction, which has now grown to over $25 million a year. MAK Construction develops commercial projects both 3rd party and investment projects for their investors and since 2018 has added over 200 units in the Midwest.

Rich and Marc start off by discussing the frigid winters in North Dakota, the benefits of self storage investing, automation and delinquencies in self storage, the biggest risks in self storage, rent control, living in self storage units, and the barriers to developing in self storage.
 
They then reflect on seller financing in self storage, mom and pop self storage businesses, rent growth and cap rates, optimal cities to develop in, the current market, the cashflow in boutique hotels, the ten year strategy, and whether Marc recommends getting into the industry.

Lastly, Rich and Marc talk about the differences the between 2023 and the 2008 financial crisis, being risk adverse, education in the self storage space, the development process of self storage, the metrics that Marc looks for in a deal, multi-family housing, how Marc got into self storage, concrete finishing, Grant Cardone, and what it takes to continue expanding in luxury storage.

 Connect with Marc on Instagram: @marc.kuhn.mak

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