216. Building a Successful Real Estate Business - Pace Morby
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 24 October 2023
⏱️ 71 minutes
🧾️ Download transcript
Summary
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.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | I was so busy installing a toilet or doing a this or talking to a customer that other customers that were calling me were not getting a phone call. |
| 0:07.6 | So it's stupid. I had literal opportunities calling me, but I was too busy doing it myself to actually answer when opportunity called. |
| 0:16.7 | I had to learn to get over doing it myself. I had to learn through the hard road. |
| 0:21.6 | And then I ultimately found partners that were the polar opposite of who I am. |
| 0:26.4 | All right. |
| 0:26.7 | Ladies and gentlemen, let's give it up for our dear friends, AJ and Pace. |
| 0:32.2 | Give them a warm welcome as we do this amazing podcast. |
| 0:40.3 | You know, when you're up here and talking to a lot of people, so many people already follow you, and they see everything that you're doing, right? |
| 0:50.3 | And first of all, I want to know how you get the energy. Like I don't know how many conversations I've had with people saying, |
| 0:57.0 | how does he do all this all the time? |
| 1:00.0 | I mean, you told, last year, how many days were you traveling? |
| 1:03.0 | I traveled 71 cities last year, and I told myself that I was going to slow down, |
| 1:08.0 | and so far I'm at 110 this year. Can I ask maybe more of a personal question? |
| 1:14.6 | Of course. Ask all the personal questions. |
| 1:16.6 | How much money did it cost you to spend or travel that much? |
| 1:19.6 | This year I think I'll spend, last year I spent a little over half a million dollars. |
| 1:23.6 | I'll probably spend close to $800,000 this year. |
| 1:25.6 | Yeah. So thank him for being here guys guys, because I'm not paying him. |
| 1:30.0 | Yeah, we spend a lot of money. |
| 1:33.6 | Yeah, I pay money for proximity. |
| 1:36.3 | It's the same thing I was talking to Tommy just a second ago, |
| 1:38.5 | just asking like how great was this event so far? |
... |
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