How to Identify, Evaluate, and Force Value of Your Storage Investments with Sam Whitaker
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 2 July 2020
⏱️ 63 minutes
🧾️ Download transcript
Summary
What’s going on everybody!? AJ Osborne here, your host of the Self Storage Income podcast. I’ve been telling you all for a while now that we’d have our CFO Sam Whitaker on the podcast for round two, and today is that day. Sam’s first episode, How to Underwrite Self Storage, on the podcast has been one of the most downloaded episodes we’ve published to date, and for good reason. Knowing how to accurately underwrite your self storage investments is where we either make or break a deal. If you haven’t listened to that episode, definitely put it on your list and go listen to it. Today’s episode is focused on how to identify potential storage investment opportunities and where the value add opportunities are that you can implement and leverage to immediately force value. Being able to quickly and accurately identify potential investment opportunities is something that takes time to master. However, there are some key factors that we look for that Sam covers in today’s episode. Sam also shares key value add opportunities and strategies that we utilize that allows us to immediately force value and reach our required 20% return. There are a ton of factors to take into consideration when calculating whether or not a storage facility is going to be a money tree or a money pit. Be sure you know exactly what to look for, how to evaluate it, and ultimately how to the make the most sound and confident investment decisions possible. If there was ever a time you should take notes from this podcast, it would be this episode. Get ready for all the value bombs Sam drops in this episode so you can start using them in your own investment strategies. Thanks for listening everybody, AJ Pick up a copy of my book An Investor’s Guide to Growing Wealth in Self Storage here: https://selfstorageincome.com/book/ 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/
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 from small third tier markets to large hundred plus thousand |
| 0:23.1 | 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 |
| 0:31.3 | in the nation to show you how to create wealth and income with self storage. |
| 0:36.9 | Welcome to self-storage income. |
| 0:47.7 | Welcome everybody to self-storage income. Today is going to be a very detailed podcast. I am so excited about our |
| 0:59.9 | conversation here today because we have the one and only Sam Whitaker. For all of you that |
| 1:08.0 | follow me and know about our organization, Sam is my partner and he |
| 1:13.3 | is also our CFO. Today, we're going to talk about underwriting and value how it's determined |
| 1:21.0 | and how we project out. It's going to be a really, you I, when we get a lot of feedback from you guys, |
| 1:29.7 | one of the most things that we're hearing and seeing is that, um, you guys are really trying |
| 1:37.9 | to understand better how to price self-storage. And it is a mix between a science and an art, and we're going to get into that. |
| 1:46.3 | But I'd also like to remind you guys that if you go out, we've been running the special for |
| 1:54.6 | the book, and it's still up on the site, so we're probably going to be continuing this for |
| 1:59.1 | another couple weeks. so if you guys |
| 2:01.1 | give us a great review on amazon go to self storage income put it into self storage income the email |
| 2:07.6 | right there for the bonus we send you out the modelers the reason why i'm telling you this and why i'm |
| 2:13.1 | going to keep it going to because after this podcast it's going, you're going to understand a lot more about that. |
| 2:20.9 | And when you get the modeler, it basically, I call it the money on the table, but it's the spread. |
| 2:26.7 | And when you underwrite and how you find where the value is and find the right assets to purchase. |
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