How to Invest in Out of State Storage Deals

Self Storage Income

AJ Osborne

Entrepreneurship, Education, Investing, Business, How To

4.9 • 591 Ratings

🗓️ 24 August 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome back everybody, this is your host AJ Osborne. So you might be aware… we receive a ton of questions from you guys about self storage and how to begin investing in self storage… and we absolutely love it. We love getting this feedback from you all and addressing any questions you might have about self storage, because like most times, if you have a question about something, a lot of other people probably have the same or a similar question. This is exactly where today’s episode topic comes from - you guys. Today, we’re going to talk about how to invest in storage out of state. There are a lot of us that live in markets that are far from ideal and that don’t meet our investment criteria. That said, we end up having to look at markets outside of our own back yards. Thankfully for storage, once you’ve figured out how to identify a good deal in a good market, it doesn’t matter where that deal is located, it’s still a good deal! The only real hurdle is knowing how and having a plan to manage a facility that is not located in your same city or state. We’ll get into all this today and explain how to go about investing in storage out state. As always, thanks for listening and we’ll catch you next time, 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

Transcript

Click on a timestamp to play from that location

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.
0:53.1	Welcome everybody to Self Storage Income. So excited for today's podcast. As always, we have my trusted
0:58.8	co-host, Connor here with us. How's it going? It's going awesome, dude. It's going awesome.
1:03.1	Just jacked with everything going on, man. There's a lot of things happening. A lot of things
1:06.8	happened. We had a big company meeting today with everybody and kind of went over all the
1:11.0	exciting things going on, new developments, uh, conversions, all these kinds of things. Um,
1:16.0	then we kind of started talking podcast topics and you brought this one up. Yes. And, uh, I'm super
1:21.0	excited to jump into it. It's a fantastic, fantastic topic. It is. You know, it's one,
1:26.4	we, it, I, there's a lot of questions I think we get
1:29.3	repeatedly. Um, and this is one of them. And it's, not that it's a hard one, but there's a lot of
1:39.4	different aspects to it. So I've kind of waited to really bring it up, um, and talk about it. But I keep getting it. So I guess I wanted to share, you know, our experience. And now we've approached and done these things. So the question is, and is should I invest out of state? And how do I do that, I guess. Now, it's a good question. I think, first of all,
2:08.1	there's a few scenarios, a few things we want to talk about. As all things in finance,
2:13.7	investing, everything, it's not cut and dry. There's no yes or no. There's pros and cons that
2:19.9	you need to weigh that you need to think about. These, you know, self-storage, the asset classes,
2:26.7	how you invest, where you're investing. These depend on a lot of different parameters and no two
2:32.0	people are the same. But with that said,
2:34.4	I started not out of state, I guess you would say, but yeah, I did. I started investing in other states.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from AJ Osborne, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of AJ Osborne and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.