Self Storage Income

Brian Mullally, VP of Acquisitions from Cedar Creek Capital, discusses the effect of 2023 on real estate transactions, the importance of buying criteria, challenges going forward in 2024, changes in the storage market and buying criteria, decline in on-market deals in self-storage industry, analyzing market trends and cap rates, determining loan terms and building relationships with brokers, and overcoming emotions in real estate investments.

Since we have numbers and charts, this episode is better experienced over on our YouTube channel: https://youtu.be/-FYu86WdZSY  2023 SUCKED. It was a hard year for storage. We talked about how the market has changed in the last episode, but today, we want to see how those changes have affected our assets. Yes, we're sharing with you OUR NUMBERS and talking about insights. I can't control the market. You can't either. But what can we control to measure the true value of your assets? And just as importantly, how long will it take you to make changes?  Measuring performance according to a previously established plan can work well if you know how that performance is being affected. If performance is down because of something I did, then I obviously did something wrong. If it's down, but the market is what brought it down, then I need to be proactively adjusting the original plan.  That's what we did this year. We saw the numbers come in, and now we have to change our business plan just as the market has changed.  Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Want to take advantage of today's market conditions with us? Learn more: https://cedar.cc/ The Self Storage Market is now more different than ever. This is the first time we're seeing the impact of high interest rates in this industry. All the policy changes in the last year have culminated in us approaching storage in a way we have never before. What's going on with the self storage market? In this episode, Conner and AJ break down what they're seeing in their private equity side as well as the operations side. If you're an investor, owner, or wanting to get into it - this is a time of consolidation that will impact every corner of our industry.   Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

When Jonas started investing in Self Storage, he sent out turkeys to storage owners in his area - TURKEYS - during the Thanksgiving season. He didn't use mailers or run ads, but was able to secure 3 deals, despite this unconventional "tactic." Our guest today, Jonas Duckett, now owns over 30 facilities that he acquired with his wife. His valuable insight into the dealmaking process is why we wanted him on our podcast - to share them with you!  Connect with Jonas! https://www.storeitquick.com/  Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

If you want to get into the Self Storage investing game, you may be trying to decide if buying a pre-built facility is better than building one on a blank plot of land (or expanding an existing one).   Our guest Matt Wallace has extensive experience with just this. He transitioned from multifamily residential real estate to Self Storage, and had to go through many challenges and hoops to build a facility. Dealing with the city and the falllout of existing management was just the beginning.   Find out more about Matt: https://wealthfit.com/expert/matt-wallace/ Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Sho Kabani, an expert in finding self-storage deals, shares his strategy for successfully closing 3 separate storage deals in one month. Topics discussed include market conditions, buy box criteria, and effective processes. They also discuss the importance of building relationships, underwriting, and operating a facility. The chapter descriptions include finding deals through brokers and cold calling, determining the buy box, and the challenges of scaling in the self-storage industry.

Buying your first storage facility is no easy feat. Today we talk with Ben to learn how he bought his first one. Ben Gottfredson started in his small town of St George, Utah, where he bought his first facility after being denied by banks repeatedly. He started with a small service business, but quickly realized the potential of self storage and thought it was worth being persistent for. We're talking what are some of the mistakes he wishes he didn't make, and what you should know if you are looking to get into self storage! Follow Ben: https://www.instagram.com/ben_gottfredson/ Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Self Storage is not just a real estate investment - it's a business. And it should be treated as one. "You don't have a business until you can go somewhere to 3-4 days and you company continues to make money." So today we brought A&E's Pace Morby on the podcast to discuss how he built his real estate business and is somehow able to manage it with his insanely busy schedule. If that sounds like what you are trying to do - build generational wealth WHILE balancing life & family - this episode is for you.  Pace breaks down what the most commonly missed things that made his business grow exponentially. Lessons from his mentor Jon Bohm (who coaches the Arizona Cardinals), from his experience on Triple Digit Flip, and from within his own business. In this LIVE episode of Self Storage Income (from our event), let's dive into what makes a business successful. Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership

Coming fresh off from our event, Conner and AJ discuss their main takeaways on what they learned, and what the next step looks like for them. What did we learn, and what are we seeing on the ground?  We have a UNIT FULL of exclusive episodes, including one from the amazing Pace Morby that we did live on stage, and many more than were never heard or seen before. Stay tuned! Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership

Ever wondered how to compare the profits in multifamily and self-storage real estate? Join us in this episode as we dive deep into the numbers with our special guest, Maryanne! Many people begin their real estate journey in multifamily. While that's okay, there is a lot of extra work involved in multifamily. We invited our very own Asset Manager, Maryanne Fasanya, who comes from a multifamily background, to join us on this episode and answer some of those questions! Take notes on this one because it's PACKED with information! Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our architecture services can be found here: https://cedar.cc/services Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership