169. Starting out in Self Storage - Lessons & Pitfalls w/ Braedon Haertling
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 23 August 2022
⏱️ 58 minutes
🧾️ Download transcript
Summary
Things change at an incredible pace. The economy, interest rates, inflation...how do you compensate for such a volatile financial environment?
We always talk about passive income and how it can help you achieve financial freedom, but a common mistake made is trying to predict the future based on the past. Associating the cost of a current investment with the value of a prospective one is not only risky, but it's also dangerous.
With today's guest, Braedon Haertling, we discuss how Storage is affected by environmental factors and how he was able to overcome a void in his other ventures by starting out in Self Storage. He is incredibly busy during his years in school studying to become a physician's assistant, but he never gave up on his desire to be in real estate. He eventually pivoted to commercial and storage, and we're glad to have him on in this episode to discuss what he learned and his experience starting out.
Find Braedon on TikTok:
https://www.tiktok.com/@thestoragemat
The Self Storage Income Podcast is Sponsored by:
Forge Building Company. Forge is AJ’s go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone"
Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout. Get in touch with Forge here: - https://forgebuildings.com/podcast
The Self Storage Income Podcast is also sponsored by:
Janus International - https://www.janusintl.com/
Live Oak Bank - liveoakbank.com/incomepodcast
Tenant Inc. - https://www.tenantinc.com/
Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:
https://www.cedarcreekwealth.com/
Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:
Want to pick up my best-selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/
Transcript
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| 0:00.0 | The rental is doing fine. It's cash flowing. We're not having any, you know, too big of issues with it. |
| 0:04.9 | But there's just, so there's some kind of void. Like something doesn't, the fire that was under me |
| 0:09.9 | prior isn't necessarily quite there anymore. I'm like, this isn't exactly what I thought it would be. |
| 0:15.5 | Hey, everybody. Connor and I work really hard to try to bring the best podcast in cell storage that we can. |
| 0:23.0 | We ask a lot of guests. |
| 0:25.3 | We do a lot of research and a lot of work goes into it. |
| 0:28.2 | If you could help us out by leaving a review, it's so easy. |
| 0:33.2 | You just go down on whatever device, Spotify, Apple, whatever you're using, leave a great review. |
| 0:40.5 | It really helps us out. |
| 0:42.0 | Thanks, everybody. |
| 0:48.4 | What's going on, everybody? |
| 0:49.6 | Connor here from the Self Storage Income podcast. |
| 0:51.9 | I am super excited to jump into today's episode. But first, |
| 0:56.1 | we've got to get a huge shout out to our incredible partners and sponsors. If you're looking to |
| 1:01.6 | develop or build a self-storage facility, whether that's a brand new facility or maybe you want |
| 1:05.8 | to expand, forge building company is going to be a phenomenal partner for you guys to check out |
| 1:10.2 | and potentially partner with. |
| 1:11.8 | They specialize in working with investors and developers, whether you're new or you're seasoned in the self-storage industry. |
| 1:17.9 | A huge problem that people make is they think that self-storage is just that. |
| 1:21.7 | It's just self-storage. It's not a big deal. |
| 1:23.6 | However, there are ways to value engineer building self-storage that a lot of engineers, |
| 1:28.5 | a lot of structural, that just they don't quite understand. |
... |
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