248. Thriving in the New Storage Industry: Insights from My Book
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 11 June 2024
⏱️ 33 minutes
🧾️ Download transcript
Summary
Get my new book that teaches you everything I know about self-storage https://a.co/d/aRSKcSq
In the past 4-5 years, so many new investors have come into the storage industry (which I love). However, the issue is that all of these new investors came into the industry when self-storage was at its absolute peak.
It means that for the past few years you could basically just buy a facility and it would increase in value simply because there was so much demand for self-storage.
Back in 2020, I called it the self-storage bubble, and now the bubble has popped.
In this episode, I talk about my BRAND NEW book that just released (June 2024). This book is the 2.0 version of my first book and took me over 2 years to write. It literally contains everything I could fit into those 450 pages about the storage industry.
If you want a sneak peek of my book - this episode is for you.
Lastly, I just want to give a special thank you for all of my podcast listeners throughout the years. It’s because of you that my first book hit the Amazon Best Seller and inspired me to write the second book. Now the 2.0 version hit Amazon Best Seller again in less than a week.
So seriously, thank you. Thank you for being a listener throughout the years and for helping turn Self Storage Income into what it is today.
Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/
📌 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: https://cedar.cc/invest
Transcript
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| 0:00.0 | This book I released, we didn't even tell anybody. So that's why you're learning about this. Some of you may have already seen it out. But we didn't even tell anybody. And we hit bestseller. We were the number one in real estate, basic investing. I think overall investing. We hit knowledge capital. And we didn't tell anybody. so we were scrambling afterwards because we were |
| 0:22.9 | doing the soft launch and then it just rocketed straight up what's up everybody and welcome |
| 0:34.4 | to the self-storage income podcast today's podcast is a big one and it's a big |
| 0:40.3 | one for a lot of reasons it's probably uh one that i've been anticipating the most through the entire |
| 0:46.9 | year now today's environment's gone wild and we're going to talk about in today's environment how you find deals, |
| 0:56.2 | right, and how you get started, how you buy that first deal. |
| 0:59.7 | Now this is a big conversation. |
| 1:02.2 | We're talking market analysis. |
| 1:04.5 | We're talking about, you know, your buy box. |
| 1:07.3 | We're talking about understanding financing, three three offer strategies a whole bunch of different |
| 1:13.3 | concepts and strategies when i wrote my first book i had written it obviously prior to covid um and |
| 1:21.4 | that was at a time where we talk about self storage transitioning so i. So I often talk about storage, how storage was in |
| 1:30.6 | really from 2007 or eight to 2018-19. It was an adolescence. Prior to that, prior to the really |
| 1:40.4 | the 2000s, it was just a baby. It was an infant asset that was trying to mature. |
| 1:46.9 | Now, after the Great Recession, it matured. Well, what happened was after we had COVID, right, |
| 1:53.8 | it became a full on adult. What does that really mean, right? My book was written prior to that, |
| 1:59.5 | and it was talking about the end of this cycle. |
| 2:02.7 | Now, a lot of people are wondering today, is there still opportunity? Is the self-storage game, right? |
| 2:08.9 | Is it petered out? Did I miss my shot? Did I miss my opportunity? Not only is my argument, no, it is actually the opposite that we finally have gotten a break. And we've finally |
| 2:20.4 | gotten a break in the madness that was running before. Now, this is amazing for first time investors. |
| 2:26.1 | This is also amazing for those that are looking to grow and scale your portfolio. Now, why? |
| 2:32.4 | Why is that amazing? Does that mean it's easier? Absolutely not. That is not what we're |
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