Building a Storage Facility | Everything You Need to Know with Hamish and Scotty from Forge Building Company
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 3 February 2021
⏱️ 63 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income Podcast, this your host AJ Osborne!
Special Note - This episode is for anyone thinking about BUILDING or DEVELOPING a storage facility. Alright, let’s get to it....
I’m always excited about the great guests that I’m able to bring you guys, but today, I’m extra excited. We have two amazing guests on the podcast today who have an incredible amount of knowledge and experience in the self storage industry. It’s a pleasure to introduce you to Forge Building Company’s Hamish Bell and Scotty Sundin. You’d be hard pressed to find anyone in the self storage industry with as much building and storage development experience. They’re truly experts in their fields and they provide a behind the curtain view into the world of building a storage facility.
Forge Building Company is one of the most premier storage facility developers in the U.S. They’ve helped build countless storage facilities of all shapes and sizes, all across the country, in all types of different markets. Ground up, conversions, multi-story in high density regions, Forge has done it all.
In today’s episode we cover the building process from start to finish, we talk storage industry trends they’re seeing, new and exciting storage facility innovations, and more.
We also made sure to ask what the most common mistakes they see people making when it comes to developing a storage facility. You might also be curious what building costs and cost trends are looking like for labor, materials, and a company like Forge to GC your project… and don’t worry, we cover that too.
Thanks for listening everybody and stay tuned for the next episode of the Self Storage Income podcast. AJ
Check out the Forge Building website here and all the great work they’ve done:
Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility.
You can also find the Self Storage Income Podcast on:
The Self Storage Income Podcast is Sponsored by:
Janus International - https://www.janusintl.com/
Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page
Live Oak Bank - liveoakbank.com/incomepodcast
Transcript
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| 0:00.0 | Looking to create wealth and income through high cash flowing real estate, self-storage is the fastest growing and the newest real estate asset that has outperformed all others. |
| 0:10.0 | What's it secret? |
| 0:11.0 | I'm A.J. Osborne and with over a million square feet that we have built, acquired, expanded, and even converted big box stores, |
| 0:19.0 | from small third-tier markets to large hundred plus thousand square foot facilities, we have seen it all. |
| 0:26.0 | This is the podcast that we're going to discuss and bring on the best investors and operators in the nation to show you how to create wealth and income with self storage. |
| 0:36.9 | Welcome to self Storage Income. |
| 0:38.9 | Welcome to Self Storage Income. Welcome to Self Storage Income and today we have a podcast that I have been waiting to do for a long time because |
| 0:58.3 | it is so needed and it's such a big topic and I haven't ever been really sure on how to handle |
| 1:05.3 | this. So we've been waiting. I really knew who we wanted to have in for the podcast as a guest because we wanted |
| 1:12.1 | the experts to come in. |
| 1:14.2 | That's it. |
| 1:14.7 | The experts. |
| 1:15.5 | It's a topic that you have to have it because it's so big. |
| 1:19.3 | So what we've done here is we're all in the office together today, so it's going to be |
| 1:24.0 | a little different of a podcast. |
| 1:25.6 | It's a big topic. |
| 1:26.6 | We're talking all about |
| 1:27.6 | development, building, converting, and we have Forge building supply with us. And Forge has literally |
| 1:34.6 | built thousands of facilities across the United States. And we're going to have a really good |
| 1:40.5 | discussion on everything that ends and out, it's good, the bad, where everything's |
| 1:46.1 | headed and how it's going to work. So without, you know, waiting any longer, we're going to break |
| 1:52.5 | right into it. And Hamish and Scotty, welcome, guys. Glad to have you here. Thanks for having us. |
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