Self Storage Income

Self storage rates are dropping year-over-year with an increase in supply. The market is shifting to 'normal' conditions with declining rates and rising in-place rents. Learn about the impact of new supply in Orlando and Tampa, and how to navigate pricing challenges in changing markets. Discover strategies to increase occupancy by changing unit sizes and focusing on customer service amidst fluctuating rates.

Get my new book that teaches you everything I know about self-storage https://a.co/d/aRSKcSq  In the past 4-5 years, so many new investors have come into the storage industry (which I love). However, the issue is that all of these new investors came into the industry when self-storage was at its absolute peak. It means that for the past few years you could basically just buy a facility and it would increase in value simply because there was so much demand for self-storage. Back in 2020, I called it the self-storage bubble, and now the bubble has popped. In this episode, I talk about my BRAND NEW book that just released (June 2024). This book is the 2.0 version of my first book and took me over 2 years to write. It literally contains everything I could fit into those 450 pages about the storage industry. If you want a sneak peek of my book - this episode is for you. Lastly, I just want to give a special thank you for all of my podcast listeners throughout the years. It’s because of you that my first book hit the Amazon Best Seller and inspired me to write the second book. Now the 2.0 version hit Amazon Best Seller again in less than a week. So seriously, thank you. Thank you for being a listener throughout the years and for helping turn Self Storage Income into what it is today. Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📌 Ready to buy storage? Have your deals personally evaluated by AJ and our team! https://www.selfstorageincome.com/feasibility 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest 

In this episode of the Self Storage Income Podcast, we delve into the crucial aspects of raising capital and working with partners and investors. Join us as we explore proven strategies for securing funding, building strong investor relationships, and leveraging partnerships to grow your self-storage business. We emphasize the importance of recognizing that you can't do it alone – working with others not only broadens your resources but also creates opportunities for people to invest alongside you. This episode offers valuable insights and practical advice to help you navigate the complexities of capital raising and partnership building, whether you've never invested or have dozens of times. Tune in to learn how to maximize your capital, foster collaborative success, and take your self-storage investments to the next level. Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📌 Ready to buy storage? Have your deals personally evaluated by AJ and our team! https://www.selfstorageincome.com/feasibility 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest  

Self storage investing vs. multifamily investing: Which wins in 2024? With the popularity of rental property investing rising over the past few years, competition has remained hot for beginner investments like duplexes, small multifamily properties, and house hacks. But if you’re looking to grow your money the most, is self storage a better pick? Would you rather deal with a few tenants and toilets or hundreds of customers simultaneously? We’re breaking down each of these investments piece by piece, from the prices to buy each investment property to raising the property value, cash flow, evictions, auctions, competition, appreciation, and more. Both self storage and multifamily real estate have huge benefits for those willing to put in the work, but is the stress of a midnight toilet call from your tenant worth the benefits that residential real estate provides?  Plus, if you think you don’t have the money to buy a commercial real estate investment, think again. We’ll share examples in this episode of how you can buy a self storage facility for less than a duplex in your area. Don’t believe us? Stick around, and we’ll show you precisely what we mean! What you’ll learn in today’s show: Residential real estate vs. self storage investing and which is a better buy in 2024 Property price differences and how it may be even cheaper to buy a self storage facility in your area More units = more problems? Why it’s easier to have a hundred customers than ten tenants  Evicting tenants and the considerable benefit self storage has that multifamily can’t beat  Forced appreciation and how to use self storage to boost your wealth Multifamily vs self storage competition and which is easier to buy in today’s market 

Industry experts Andrew Freeman and Jon Marshalla discuss the changing landscape of the self storage sector, highlighting the struggles faced by operators in recent years. They share insights on building a successful portfolio, targeting new markets, and navigating industry shifts. The conversation covers key topics like strategic growth, cost management, market trends, acquisition strategies, and the importance of adapting to technological advancements and changing consumer behaviors.

Today’s guest built a twenty-five facility self storage business in just two years! Even more impressive? He didn’t come from a real estate background, yet he was able to build a serious storage portfolio across multiple states, all by “taking the punches” as they came. If you want to quit your job and start investing full-time, this is an episode you CANNOT miss. You’ll hear how Faraz Hemani left his high-paying Google job to invest in small-market, mom-and-pop self storage facilities.  The question is, did it pay off? After making some good income at his tech sales job, Faraz needed somewhere to park his money. Like most people, he thought rental properties were a great option, but as the market began to climb, Faraz realized that he had no control over whether his portfolio’s price went up or down. He sold off his rental properties and found an asset he could control—self storage. Now, two years later, Faraz has a self storage portfolio of over twenty-five facilities across the southern United States. How did he scale up so quickly? Which markets is he targeting? And how does a complete novice get that many facilities so quickly? If you want to learn how, stick around for this episode as Faraz shares his buy box, favorite markets, and which facilities small investors should target. What you’ll learn in today’s show: How to quit your job and build a self storage business (and whether it’s worth it) Why self storage beats rental properties IF you can master THESE skills Faraz’s exact buy box and the “mom-and-pop” facilities new investors should look for Why Faraz DOESN’T buy in the big cities but sees huge success in smaller towns  Syndicating, raising private capital, and when it’s time to take on investor money The truth about entrepreneurship and why 99% of people CAN’T handle it  Faraz’s LinkedIn Pebble Ridge Capital Group  Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Check out Storelocal! Our national self storage brand.  https://www.storelocal.com/ Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest

Wondering how to start a storage business with no money? Surprisingly, most self storage investors start out with no or low-money-down deals. Even the wealthiest of storage investors rarely pay for a property in cash or use their own money to make the down payment.  Self storage DOESN’T require you to have millions and millions of dollars to get started, and in this episode, we’re showing you exactly how to build your self storage portfolio when starting from ZERO. There are a few strategies you’ll need to know before you can buy your first zero-dollars-down storage facility. If you’re able to master these, you can easily pick up a storage facility for very little money down or sometimes zero dollars out of pocket. Want to use other people’s money to pay for your deals? AJ and Conner go over the two parts of raising money and how to raise capital once you’ve got a deal in hand. Do NOT let this tough market go to waste. Now is one of the EASIEST times to get no and low money down self storage investments done! So tune in, and get ready to execute (even if you’ve got NO money!). What you’ll learn in today’s show: How to start a storage business with no money or very little money out of pocket Why now may be one of the BEST times to get seller financing on a storage facility  The exact strategy AJ used to go from no facilities to hundreds of millions in self storage  Beginner steps we would take in 2024 to get our first storage facility deal done  Raising capital for your deals and how to get investors to put up the down payment Why you should always look for the deal first BEFORE you worry about the money What we mentioned: Finding Deals Buying Deals   Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Check out Storelocal! Our national self storage brand.  https://www.storelocal.com/ Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest

One type of commercial real estate is seeing skyrocketing demand right now: small bay industrial. Haven’t heard of it? You’re not alone. But for investors like Shea Lewis, one of our Inner Circle students at Self Storage Income, this often underrated type of real estate investment gives him great returns, high demand, and rock-bottom vacancy. But what is small bay industrial investing, and why are so many businesses fighting for small bay space right now? If you invest in self storage, or plan to, this episode may change your mind entirely. In it, Shea goes through what small bay industrial investing is, why it’s experiencing “crazy high demand” in 2024, the deals he’s doing TODAY, and why you should get into the warehousing space BEFORE everyone else learns about it. Plus, most of the headaches of self storage investing almost disappear once you enter into small bay industrial warehousing. Want to invest in an asset that has locked-in revenue for YEARS? What about one that has almost unlimited demand? Shea will tell you exactly what you need to know to get into the game and his buy box for buying these cash-flowing commercial assets that most investors overlook! What you’ll learn in today’s show: Small bay industrial warehouses 101 and why they beat self storage in many ways The “crazy high demand” for warehouse space as small business growth explodes Shea’s exact buy box for finding and buying small bay industrial properties  The markets that have the highest demand for these assets and signs of a phenomenal deal  Small bay vs. self storage investing and the major headaches it completely avoids  The one thing you NEED before you start investing in this asset class Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest  Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/  Connect with Shea Lewis Here: https://www.linkedin.com/in/shea-lewis-92379365/  shea@zequitygroup.com  https://www.zequitygroup.com/   Videos mentioned in this episode: Cap Rates in Self Storage

Today, we’re going over how to buy a storage facility, even if you’re a complete beginner with zero experience in self storage investing. From pinpointing your purchase price to closing and finally getting the facility under your management, we’ll walk through the six beginner steps anyone can take to buy a self storage facility in 2024. If you’re ready to buy your first self storage investment, these steps MUST be followed! Haven’t found a facility to buy? Tune into last week’s episode, where we went over exactly how to find off-market self storage facilities with the most profit potential. Once you’ve found the deal, the fun really starts. In this episode, AJ and Conner share how they come up with offer prices, why they NEVER trust a broker’s “pro forma” number at first glance, and the contracts you need to have ready when you want to get a deal done. But before you close, there’s still work to do. We’ll discuss due diligence, how to exit a deal when things aren’t what they seem, closing, and what to do as soon as you send over the money so you can hit the ground running on your first facility. What you’ll learn in today’s show: How to buy your first self storage facility even if you have zero experience  Calculating your purchase price and why you CAN’T trust the market  What brokers will tell you to convince you to buy a facility that ISN’T worth it  LOIs (letter of intent) and PSAs (purchase and sale agreement) and when to use them Everything you need to do during your “due diligence” timeline to confirm the deal is worth it How to ensure a smooth transition when you finally take over your first facility!  How to Find Off-Market Self Storage Deals in ANY Market How to Value a Self Storage Facility - Don't Overpay!   Enjoy this podcast? Leave us a great review wherever you listen!  Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest  Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/   

In this episode, we’re diving into one of the most frequent questions we get: how to find self storage deals.  We’ll share the five-step guide AJ uses to find self storage deals in 2024 and show YOU how to copy it so you can get your next home run off-market self storage deal. If you’re waiting for your first or next self storage facility, this is EXACTLY where to start! You’ve heard us talk about buying and managing self storage facilities, but where do we even find the ones we want to buy? Unlike rental properties, there isn’t some mass listing site that shows every self storage facility for sale (although many companies have tried). Most self storage deals are done off-market or pre-listing through a broker, meaning that you never even have the chance to see the deals getting done. If you want to learn the expert secrets on how we’re finding self storage deals in today’s highly competitive market, bring a pad and some paper and copy our strategy. What you’ll learn in today’s show: How to find your first or next self storage investment, no matter what market you’re in Building your “buy box” and how to know what you want your first or next facility to look like The geographic “opportunities” that point to a solid self storage investing market  How to “rank” the facilities in your market to see which has the highest profit potential  The ONE thing you need to bring to EVERY broker in your area if you want self storage deals sent to YOU How long it could take for you to get your first self storage investment under contract Enjoy this podcast? Leave us a great review wherever you listen!  Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest  Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/