How to Dominate in Self Storage - Building Your Framework (Step by Step)
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 20 October 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income podcast! I’m your host AJ Osborne. I don’t think anyone sets out in their self storage investing endeavor with the intent NOT to succeed. Unfortunately though, we can and people do fail. A huge reason why this is, is due to a lack of building our framework to succeed. But what do you need to include and take into account when developing your framework? Today we’re going to go over my 5 part framework model that will help get you on track to dominate self storage. One of the most important aspects (if not THE most important) aspect of your framework is going to be progress. This is one of the huge takeaways from today’s episode and we dive into the idea of progress, what it means, how to measure it, and how you can use progress to gauge when it’s time to adjust your plans. Thanks for tuning in as always and whatever you do, DON’T miss out on our $2,000 give away opportunity. Details are here in the podcast and also on my social media. 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. |
| 0:45.0 | Welcome everybody to self-storage income. And man, it's been a crazy year, but it's a year filled with |
| 1:00.0 | opportunities. And it seems to not be that crazy when you turn the TV off. And so I, you know, |
| 1:06.1 | I kind of wanted to go over a few things based upon responses and conversations that we're having. |
| 1:11.9 | It's extremely important. |
| 1:14.8 | And it is dealt with more of a framework. |
| 1:17.6 | And this is the framework of not just building self-storage company or a real estate company, but companies as a whole. |
| 1:25.7 | But it's how people that are looking to get started, they're trying to understand how to |
| 1:31.2 | expand. |
| 1:31.9 | Maybe they got their first couple of facilities. |
| 1:33.8 | And they're just like, we really need to create a business out of this. |
| 1:38.8 | And how to really make that move. |
| 1:41.8 | And we also, I talked about in, it was the cash flow of freedom |
| 1:46.8 | podcast. I talked about the separation of wealth and income and how those two things work together. |
| 1:53.4 | And this has a little to do with that, too. If you haven't heard that one, you can go over and |
| 1:58.0 | listen to that one. Really good episode. Really. Yeah, that was, it's something that I've been studying a lot about and reflecting based upon our own performance and portfolio and different businesses as we've started them up and expanded in that correlation. |
| 2:12.6 | It's super interesting and it tends to be the same with everyone. |
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