244. 25 Facilities in 2 Years After Quitting His Google Job for Self Storage w/Faraz Hemani
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 14 May 2024
⏱️ 54 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Today’s guest built a twenty-five facility self storage business in just two years! Even more impressive? He didn’t come from a real estate background, yet he was able to build a serious storage portfolio across multiple states, all by “taking the punches” as they came. If you want to quit your job and start investing full-time, this is an episode you CANNOT miss. You’ll hear how Faraz Hemani left his high-paying Google job to invest in small-market, mom-and-pop self storage facilities.
The question is, did it pay off?
After making some good income at his tech sales job, Faraz needed somewhere to park his money. Like most people, he thought rental properties were a great option, but as the market began to climb, Faraz realized that he had no control over whether his portfolio’s price went up or down. He sold off his rental properties and found an asset he could control—self storage.
Now, two years later, Faraz has a self storage portfolio of over twenty-five facilities across the southern United States. How did he scale up so quickly? Which markets is he targeting? And how does a complete novice get that many facilities so quickly? If you want to learn how, stick around for this episode as Faraz shares his buy box, favorite markets, and which facilities small investors should target.
What you’ll learn in today’s show:
- How to quit your job and build a self storage business (and whether it’s worth it)
- Why self storage beats rental properties IF you can master THESE skills
- Faraz’s exact buy box and the “mom-and-pop” facilities new investors should look for
- Why Faraz DOESN’T buy in the big cities but sees huge success in smaller towns
- Syndicating, raising private capital, and when it’s time to take on investor money
- The truth about entrepreneurship and why 99% of people CAN’T handle it
Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/
Check out Storelocal! Our national self storage brand.
Ready to buy storage? Have your deals personally evaluated by AJ and our team!
https://www.selfstorageincome.com/feasibility
Take advantage of today’s market conditions and invest with us:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | And now I'm sitting with more money than, you know, I thought I would have for a long time in my bank account as somebody in their mid-20s. And my question is, what do I do with it? Can't go buy more houses because the housing market's crazy. I was looking for where can we do something where we're not waiting on good luck, where we can kind of take a lot of that into our own hands and start to drive value with our work. And storage was a perfect fit for that. and we did the first facility and kind of never looked back. |
| 0:22.1 | No matter what journey you're going through, |
| 0:24.1 | no matter if you're gonna like, to drive value with our work and storage was a perfect fit for that. And we did the first facility |
| 0:20.8 | and kind of never look back. No matter what journey you're going through, no matter if you're going |
| 0:24.7 | to like, I have the money, I'm going to do this myself, I'm going to do this on the side with my job, I'm going to syndicate, I'm going to do this. There is no shortcut. Your first few years are going to be a grind. You need to really look at your situation, your family situation, your finances, |
| 0:38.3 | and like I said, this decision about how am I going to go about it, how am I going to capitalize be a grind. You need to really look at your situation, your family situation, your finances, |
| 0:38.3 | and like I said, this decision about how am I going to go about it, how am I going to capitalize |
| 0:41.7 | my efforts and build this business, be really intentional about it. And whatever you think, |
| 0:45.6 | however long your timeline is, go ahead and double it and prepare for that. It's a grind no |
| 0:49.3 | matter what route you go on. |
| 0:56.5 | Welcome everybody to self-storage income, and today I have a guest with us for Raz, |
| 1:02.8 | Hamani, and I'm really excited about this. |
| 1:05.4 | He has worked for Google, and he talks a lot about technology in his storage facilities. But |
| 1:12.8 | dude, how are you doing? I appreciate you coming on. Oh, thanks for having me, man. I mean, |
| 1:16.7 | you're the man. I love this show. It's awesome to be here. So I appreciate it. |
| 1:20.0 | I'm really excited to talk to you. You have an interesting background, one that we don't see very much |
| 1:24.4 | in storage. And it's one that is actually, you don't see a lot in real estate. So why don't give very much in storage. And it's one that is actually you don't see a lot in real |
| 1:28.6 | estate. So why don't give us an idea of your background here before we start talking storage. |
| 1:34.7 | Yeah, for sure. So my background is I worked in technology for about seven years. And I'll caveat |
| 1:40.4 | that I wasn't like the Brainiac super programmer coder. I was a guy selling the stuff that the super coders made. |
| 1:45.9 | So I was in tech sales for about seven years living in Austin, Texas. |
| 1:49.1 | I worked at awesome companies and had the privilege of working at places like Oracle. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from AJ Osborne, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of AJ Osborne and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.