#339: Self Storage, Property Management, Fix and Flips, and So Much More! -with Jacob Vanderslice
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 7 September 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
Jacob Vanderslice is a real estate expert and principal of Van West Partners.
Jacob has been in the industry for 15 years and counting. He has expertise in fix-and-flips, commercial real estate, adaptive reuse retail projects, and self-storage. His investment firm, VanWest Partners, focuses on the acquisition and management of self-storage centers (in over 8 different states) and other opportunistic commercial real estate throughout the United States. Having bought over 7 properties this year, VanWest has over 195 million in commercial real estate transactions under their belt.
Quote:
“Whether you’re converting an industrial building or a big box retail building into storage, I think the primary risk is that you’re forecasting your lease rates years down the road. So you’re going from 0 income in place two whatever your performo tells you.”
“…Our primary line of defense in mitigating the risk of new supplies, focusing on acquisitions where we can be all in at or below replacement costs. So if a new competitor shows up a mile away, their rents are going to have to be incrementally higher than ours, commiserate with their incrementally higher cost basis, to achieve the same total yield on costs.”
Highlight:
1:29 - Jacob deep dives into his real estate journey and what his company, Van West Partners, is all about.
04:15 - Jacob gives an overview of how he ended up in the self-storage asset class.
06:30 - Jacob talks to us about the downside risks associated with big-box conversion deals.
09:29 - Jacob gives listeners an idea of how his firm manages its forecast process.
11:45 - Jacob tells us how VanWest approaches staffing, operations, and automation.
13:35 - Jacob tells his craziest stories while operating in the self-storage space.
15:35 - Jacob discusses deals and how his firm approaches discovering new opportunities.
19:09 - Jacob talks about what he thinks other buyers in his market are doing differently.
21:13 - Jacob provides insight into creating an international brand, ClearHome.
25:11 - Jacob paints a picture of the future of VanWest and ClearHome.
27:49 - Jacob answers the Golden Nugget question and tells us about some of his most notable failures in the industry.
31:38 - Jacob tells us about a time where he and his firm walked away from a deal they were excited about.
Guest Website:
https://www.vanwestpartners.com/
www.linkedin.com/in/jacob-vanderslice-02905b16b
Recommended Resources:
- Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.2 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.1 | Hey guys, Kevin Bup here, and I want to welcome me to another episode of the Real Estate |
| 0:33.8 | Investing for Cashflow podcast. |
| 0:35.4 | Where mission is to help you build and maintain massive amounts of cash flow through |
| 0:39.4 | income producing real estate investments. |
| 0:42.1 | And our guest for this week's show is real estate expert and principal of Van West Partners, |
| 0:46.1 | Jacob VanderSlis. |
| 0:47.8 | Now, Van West Partners is a Denver-based real estate investment firm focusing on the acquisition |
| 0:51.8 | and management of self-sourage centers and other opportunistic |
| 0:54.5 | commercial real estate throughout the United States. And they have now done over $195 million |
| 0:59.2 | worth of commercial real estate transactions. And so guys, without further ado, I'd like to welcome |
| 1:03.7 | our guest for today's show, Jacob VanderSly. Jacob, how are you doing, my friend? Kevin, good to see you. |
| 1:08.6 | Thanks for having us on today. Yeah, excited to have you here, bud. And I know we were chatting a little bit before we started recording |
| 1:13.0 | just about all the different things you guys have going on. But I'm excited to dive into all that |
| 1:17.3 | and what you guys have happening at Van West. But before we do, maybe I gave you such a brief bio. |
| 1:21.6 | I know there's a lot more to the story. So maybe take a few minutes, several listeners a little bit more about yourself and ultimately how you found your way into the real estate space. We got started about 15 years ago as full-time real estate |
| 1:31.9 | investors, primarily doing single-family rentals and fix and flips. We've done over 1,200 over the |
| 1:36.6 | years. That was a good business. It's tough to replicate and scale. We kind of migrated into |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.