2021 Self Storage Industry Overview & the Future of Self Storage with Ron Osborne
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 14 December 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
Welcome back everyone to the Self Storage Income Podcast! I’m your host AJ Osborne! Today you’re in for a special treat as we get to sit down with none other than my business partner, my father, Ron Osborne. He’s the man, the myth, and the legend that guided me to self storage initially, and that has helped build the incredible self storage portfolio we have today. We’re going to take a deep dive into the 2021 self storage industry overview, self storage trends to look out for in 2022, and what the overall self storage industry future looks like. We also talk self storage markets, demographics, and how you can create and own only the best self storage facilities. Get ready to take notes! This episode is packed with data and tons of self storage industry insights. Thanks everybody! AJ Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility. You can also find the Self Storage Income Podcast on: iTunes Spotify Stitcher The Self Storage Income Podcast is Sponsored by: Janus International - https://www.janusintl.com/ Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page Live Oak Bank - liveoakbank.com/incomepodcast Tenant Inc. - https://www.tenantinc.com/ Cedar Creek Wealth: https://cedarcreekwealth.com/
Transcript
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| 0:00.0 | Welcome back, everybody, to the Self-Storage Income Podcast. We have another incredible episode lined up for you today. But before we get into that, huge shout out to all of our amazing sponsors, Janice International, Store Local, Live Oak Bank, and Tenant, Inc. Be sure to check out the links in the show notes. You guys probably hear us talking about these guys on the podcast all the time. Janice International, tons of amazing people, tons of amazing products, services, |
| 0:25.6 | their no-key service, there are three programs, all these different aspects to help you build |
| 0:29.7 | an amazing storage facility or upgrade your storage facility. Just a fantastic group. Store |
| 0:35.6 | local. It's honestly one of the biggest threats to self-storage |
| 0:39.3 | is market consolidation and everything that goes along with that so enter store local the |
| 0:45.5 | largest storage co-op in the world just amazing people again tons of tons of awesome people there |
| 0:51.6 | and amazing solutions to bring everybody's resources together |
| 0:55.1 | and utilize those in an effective way to be able to compete and also thrive in a world of |
| 1:01.6 | competition with some of these larger reits and the big players in the self-storage industry. |
| 1:06.5 | Check out store local, amazing, amazing opportunities there. |
| 1:09.7 | Live Oak Bank. I don't know how many of you guys |
| 1:11.5 | came to our live event in Coral Lane just this past year, but we had some amazing conversations |
| 1:17.4 | with Live Oak Bank there, and they were probably one of the most popular topics there in our |
| 1:23.1 | breakout sessions, and people want to know. They want to know the financing. You guys want to know |
| 1:27.4 | what the solutions are, what the deals look like, all these different aspects to financing. |
| 1:32.4 | Live Oak Bank is that answer specifically for self-storage. They specialize in storage, which is just |
| 1:37.4 | incredible. There's no learning curve for them to understand the asset. They know it. They've been |
| 1:42.6 | there before. And they can help you see things |
| 1:44.5 | that you might not even be seeing yourself. So Live Oak Bank, amazing. Check the link in the show |
| 1:48.9 | notes. And last but not least, Tenant Inc. Tenant Inc. is an incredible slew of products and |
| 1:56.3 | services, essentially, for your storage facilities to help automate, to help streamline, to help optimize |
| 2:03.6 | your business and your storage facility. They've got their hummingbird platform, nectar platform, |
... |
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