2021 - What a Year for Self Storage
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 28 December 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
What’s going on everybody!? Welcome back to the Self Storage Income Podcast! This is your host, AJ Osborne! Well folks, it's that time of the year again - Christmas just past, we’re on to the New Year, and we’re all reflecting, planning, organizing, and looking to the future. It’s safe to say that 2021 was another wild year for many of us. For the self storage industry, it’s been another record year of growth and opportunity. Today we’re kicking back and looking at this past year and all the growth we’ve had as a self storage industry, and as a company who focuses heavily on self storage. There’s been no shortage of self storage investing opportunities, but as with any growing company, there have been a multitude of hurdles we’ve had to overcome. We’ve had to pass on a ton of deals that didn’t pan out. We’ve been working to build the company while also running it. The self storage industry has seen some of the largest institutional investment firms in the world step into the industry. And all we seem to hear from the talking heads around the world is that self storage is THE asset to have. What a crazy difference this is from just 10 years ago haha. Kick back, relax, and take in all the great things that took place this past year and listen in to what our plans for this coming year look like. Thanks everybody, AJ Success doesn’t happen on an island, which is why I’ve launched the CRE Circle. Build your community, your resources, and your commercial real estate investing opportunities. That first or even next deal could be right around the corner. You can learn more about the CRE Circle and sign up here: https://www.thecrecircle.com/ 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. |
| 0:06.5 | 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. |
| 0:15.5 | 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 3 program, all these different aspects to help you build an |
| 0:29.8 | 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, |
| 0:45.4 | the largest storage co-op in the world. Just amazing people again. 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. |
| 1:10.7 | 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 |
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