How to Build the RIGHT Team That Will Deliver Huge Value and Huge Wins
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 5 November 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income Podcast! As you’re all familiar, this is your host AJ Osborne. I’m really excited to talk about today’s subject because it’s actually something we’re working on in my company Cedar Creek Wealth. It’s a work in progress and we’re building it out, but I wanted to touch on this today and share this journey with you a bit as I know so many of you guys want to, or are doing the same thing in your own businesses. The topic? Growth and progress. As we grow and progress in our companies and our lives, we always need new skills, new tools, and most importantly… new teams. I specifically want to talk about building out teams because this is really is your bread and butter. As I always say, success is not created on an island. You need a great team of people behind you that help guide, lead, and drive you closer to your end goals. The thing is though, we can’t just build any team. There are certain things we have to consider when building a team or even network of people we’re going to rely on. One of the most important things we have to consider is the direction each individual is going. What path are they on? Where do they want to end up? Building a great team isn’t easy, but it’s even more difficult (if not impossible) to build a great team when everyone is going in opposite directions. In other words - your team’s compasses have to align and be directing everyone to the same end goal. Yes, sure, the plan or the path may change and we have to adapt and change along with it. But the end goal, the mission, that never changes and you need to be sure to build the best possible team you can to get you there. Enjoy the episode everybody! If you’re out building your team, send me a message on instagram or reach me on my website and tell me how it’s going. What are you seeing? What are you struggling with? What have you done to overcome the hurdles you’ve faced? Thanks everybody, AJ Be sure to go to Selfstorageincome.com to get your free 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 contact a current owner, and ultimately how to land a storage facility deal. 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/ 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. |
| 0:25.7 | 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. |
| 0:52.0 | Welcome everybody to self-storage income. We've had a busy last couple weeks. |
| 0:57.5 | We're trying to get this podcast out here before we take off to head to a bunch of our development sites. |
| 1:05.5 | We're going all over the place. |
| 1:07.3 | We'll be in Kansas and Iowa, Montana. |
| 1:12.1 | Yeah, it's going to do a good trip, dude. It is. It is. You can check it out. |
| 1:16.2 | We'll be taking away. I'm actually taking over the bigger pockets podcast or bigger pockets |
| 1:21.4 | podcast or bigger pockets Instagram, excuse me. And we'll be showing it all on ours. |
| 1:28.2 | And so it should give you a better in-depth look at what we're looking for when we're |
| 1:34.4 | looking at developments. |
| 1:35.8 | And these two are specifically conversions. |
| 1:40.6 | So that should be cool and interesting because we get a lot of questions about |
| 1:44.8 | conversions. Yeah, it's the hot new thing to do. Obviously, a lot of those retail buildings, |
| 1:49.9 | they need to be repurposed. Yes, they do. And storage is a good way to do that in a lot of |
| 1:55.9 | these areas. And so, yeah, the demand has been super high for that. We've actually kind of had an |
| 2:00.2 | issue balancing that a little bit with, you know, purchasing |
| 2:05.3 | existing facilities or finding existing facilities versus the conversion projects. |
... |
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