214. Multifamily vs Self-Storage: The Better Investment?
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 10 October 2023
⏱️ 41 minutes
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Summary
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!
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Transcript
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| 0:00.0 | Coming from multifamily here, I'm like, okay, you know what? |
| 0:02.8 | I know for a matter of fact that it is maintenance expenses that kind of like tiers everything |
| 0:08.5 | up and you can really go over budget in maintenance expensive. |
| 0:11.6 | Then coming to storage, I'm saying that the maintenance expenses were really, really low. |
| 0:16.2 | And also with multifamily, you know, HVAC, always broken. |
| 0:21.1 | Problems with plum, problem with electricity and, you know, stuff like that. |
| 0:26.1 | But in storage, you get very, very minimal of that. |
| 0:29.6 | And the kind of expenses that you see that would be higher in storage, some of the time, in some facilities, |
| 0:35.6 | compared to multifamily, would be like maybe junk removal |
| 0:39.3 | fees which would be kind of lower in multi-family so that was kind of different to say and even |
| 0:45.8 | landscape like in multi-family you have a lot of landscaping which cost a lot of money but in |
| 0:51.4 | storage most of that land is already built. So that's some areas I saw |
| 0:55.7 | that that was different. |
| 1:01.8 | When you guys are looking at property management software for your storage facilities, |
| 1:05.3 | there's a ton of options out there, but no other option compares to Tenant Inc. |
| 1:09.8 | Tenant Inc is going to be your one-stop shop |
| 1:11.5 | solution that has an amazing amount of tools that you can deploy at your fingertips to |
| 1:16.8 | maximize the value of your facility, to operate it more efficiently, more effectively. |
| 1:21.3 | They have an open API where you can back in almost anything you want. You own your data, |
| 1:25.9 | and it's just an incredible solution. I can't say |
| 1:28.5 | enough good things about these guys. Link is in the show notes. Be sure to check out Tenant Inc. |
| 1:34.8 | Welcome everybody to self-storage income and today I am so excited to have Marianne with us. |
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