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Self Storage Income

How to Structure a Self Storage Deal with Partners

Self Storage Income

AJ Osborne

Entrepreneurship, Education, Investing, Business, How To

4.9591 Ratings

🗓️ 18 November 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

Welcome back everybody to the Self Storage Income Podcast! This is your host AJ Osborne! One of the most popular questions I get is - “How do I structure a self storage deal with partners?” Or - “What does a typical deal structure look like?” All in all, how do you take the deal, yourself, and your partners, and put it all together? Not only that, what actually IS typical? These are all great questions and they’re the perfect type to demonstrate the whole idea of you don’t know what you don’t know. If you’ve never put a deal together or know someone who has, how deals are structured is a total shot in the dark for you. But that’s not a bad thing, and to be honest, that is exactly where I was at not too long ago myself. I had no idea what was typical, what partners or investors wanted, I knew nothing. So, when it came time, I reached out to my network and found some answers. Funny thing, I even still got my first deals a little wrong lol. But that’s ok, because learning is a part of the process. Today, I hope to help you streamline that process and hope to give you some key insights into exactly how deals can and often are structured. Here is a massive disclaimer though - you can structure a deal however you want or however you can. There’s no one size fits all solution. But this podcast will give you an idea of exactly where to start. Thanks a bunch everybody! AJ 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/ Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page 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 an incredible episode lined up for you guys today.

0:06.5

But before we get to that, we have to give a huge shout out to our sponsors, Janice International, Tenant Inc. and Live Oak Bank.

0:15.5

These are partners who we've specifically chosen for their expertise in the self-storage industry, whether you're

0:23.1

looking to rehab a facility, develop a facility. Janice has some of the most incredible and

0:31.7

industry-leading solutions for you to implement at your facility, whether that's their door

0:36.7

systems, their hallway systems,

0:38.7

their no-key technology, their keyless access entry systems.

0:43.6

They are hands down one of the best resources in the industry for you to rehab a facility

0:48.8

and to develop a facility that meets today's standards.

0:53.0

Then we've got Live Oak Bank. Live Oak Bank is yet again another

0:56.6

amazing partner that we've wanted to have as our sponsor for this podcast. The work that they do

1:02.7

and have done in the self-storage industry is just incredible and they continue to do this every

1:07.8

single day. They live in the storage industry and provide some of the best

1:12.4

and most innovative financing solutions for you to be able to get into self-storage.

1:17.9

Be sure to check them out, get a hold of Terry, and get your financing straight, get it right,

1:23.1

and these guys are the best in the industry. Then we've got tenant ink, all your property management

1:29.8

needs tied into one solution, all of tenant ink's solutions underneath the tenant ink umbrella,

1:36.4

whether that's property management or that's tenant management, whatever that looks like.

1:39.6

They've got a slew of amazing solutions for you guys to implement your facility, to help

1:45.4

streamline management, to help you gain control and access of all your data.

1:50.6

And you're not giving that data to your competitors who are offering the same type of

1:56.2

software that doesn't even come close to what Tenant Inc. actually offers you.

...

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