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Self Storage Income

How to Add MASSIVE Value to Your Storage Facility

Self Storage Income

AJ Osborne

How To, Investing, Education, Entrepreneurship, Business

4.9591 Ratings

🗓️ 8 February 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Welcome back everybody to the Self Storage Income Podcast! AJ Osborne here your host of this awesome podcast that’s become the largest podcast in the world on self storage, and no, I’m not shy to say that, it’s absolutely incredible! As you might know, so much of successful real estate investing, or even entrepreneurship comes down to effectively applying some kind of value add strategy. You’re purchasing something at a certain price, then improving the value through controllable levers, and selling it for more than what you bought it for. One of the most impactful value add strategies in self storage investing is something called Dynamic Pricing. Imagine being able to constantly increase your cashflow on your assets and the ability to extract the utmost value from them. This is the power of dynamic pricing. What is dynamic pricing? How do you use and deploy this strategy? Well you’re about to find out. This is a fantastic episode where we dive deep into this subject and share with you how me and my team have been able to almost immediately generate millions of equity and cashflow from assets that were undervalued and underperforming. Thanks everybody! AJ Invest with Cedar Creek: https://cedarcreekwealth.investnext.com/portal/capital_raise/358/ Success doesn’t happen on an island, which is why I’ve launched the CRE Circle. Build your community, your resources, and your commercial real estate investing opportunities. That first or even next deal could be right around the corner. You can learn more about the CRE Circle and sign up here: https://www.thecrecircle.com/ 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: iTunes Spotify Stitcher The Self Storage Income Podcast is Sponsored by: Janus International - https://www.janusintl.com/ Live Oak Bank - liveoakbank.com/incomepodcast Tenant Inc. - https://www.tenantinc.com/ Cedar Creek Wealth: https://cedarcreekwealth.com/

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back, everybody, to the Self Storage Income Podcast. We have another incredible episode lined up for you today. But before we get into that, huge shout out to all of our amazing sponsors, Janice International, Store Local, Live Oak Bank, and Tenant, Inc. Be sure to check out the links in the show notes. You guys probably hear us talking about these guys on the podcast all the time. Janice International, tons of amazing people, tons of amazing products, services,

0:25.6

their no-key service, there are three programs, all these different aspects to help you build

0:29.7

an amazing storage facility or upgrade your storage facility. Just a fantastic group. Store

0:35.6

local. It's honestly one of the biggest threats to self-storage

0:39.3

is market consolidation and everything that goes along with that so enter store local the

0:45.5

largest storage co-op in the world just amazing people again tons of tons of awesome people

0:51.3

there and amazing solutions to bring everybody's resources together

0:55.1

and utilize those in an effective way to be able to compete and also thrive in a world of

1:01.6

competition with some of these larger reits and the big players in the self-storage industry.

1:06.5

Check out store local, amazing, amazing opportunities there.

1:09.7

Live Oak Bank.

1:10.7

I don't know how many of you guys

1:11.5

came to our live event in Coral Lane just this past year, but we had some amazing conversations

1:17.4

with Live Oak Bank there, and they were probably one of the most popular topics there in our

1:23.1

breakout sessions, and people want to know. They want to know the financing. You guys want to know

1:27.4

what the solutions are, what the deals look like, all these different aspects to financing.

1:32.4

Live Oak Bank is that answer specifically for self-storage. They specialize in storage, which is just

1:37.4

incredible. There's no learning curve for them to understand the asset. They know it. They've been

1:42.6

there before. And they can help you see things

1:44.5

that you might not even be seeing yourself. So Live Oak Bank, amazing. Check the link in the show

1:48.9

notes. And last but not least, Tenant Inc. Tenant Inc is an incredible slew of products and

1:56.3

services, essentially, for your storage facilities to help automate, to help streamline, to help optimize

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