How profitable is a self storage facility? | Marc Kuhn
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 12 May 2023
⏱️ 62 minutes
🧾️ Download transcript
Summary
If you're interested in attracting high-quality tenants, this episode is a must-listen! Marc Kuhn, a successful entrepreneur in the luxury self-storage industry, shares his insights on how to obtain top-tier tenants and the importance of embracing entrepreneurship. Marc's approach of providing upscale storage units with amenities such as heating, lighting, and electrical outlets has proven to be a lucrative business venture.
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In the episode, Marc and Ryan discuss the changing lands
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | you are now doing luxury self storage. |
| 0:03.7 | What is that? |
| 0:04.7 | These are like heated units. |
| 0:06.1 | They got two lights in them. |
| 0:07.9 | They got one outlet and they're 20 by 50. |
| 0:12.0 | That's a huge storage. |
| 0:13.9 | Is housing gets more and more unaffordable? |
| 0:16.3 | You get less and less square footage on your lot. |
| 0:18.5 | Yeah. |
| 0:19.3 | Everyone dies for a thousand square foot space for 500 bucks. |
| 0:22.7 | This is unique, no one has it. |
| 0:24.9 | So like you're basically never gonna have competition. |
| 0:28.5 | Everyone in North Dakota thinks |
| 0:29.5 | you don't have to do everything or in some markets. |
| 0:31.6 | You have to do everything you don't. |
| 0:33.6 | And in most cases, real estate is not a passive investment. |
| 0:36.9 | Yeah, it's constant attention. |
| 0:39.1 | But there's ways to get all the benefits of real estate |
| 0:41.9 | and be a passive investor. |
| 0:43.3 | Welcome to another episode of the Wealthy Way podcast |
| 0:45.5 | where my mission's to help you not go broke, |
| 0:47.9 | trying to get rich. |
... |
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