JF3106: Becoming the Sultan of Storage ft. Baird Kleinsmith

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 7 March 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Baird Kleinsmith, also known on Twitter as the Sultan of Storage, is a full-time self-storage investor. He buys mismanaged properties, adds value through operational and marketing improvements, and reaps the rewards of increased cash flow. With his current portfolio of eight self-storage properties, Baird has achieved full financial freedom and is dedicated to not only growing his assets but also educating others on how to do the same. In this episode, Baird discusses what drew him to self-storage investing after a career in fintech, what he looks for in an investment property, how he adds value and scales his investments, and the stumbling blocks he’s encountered along the way. Baird Kleinsmith | Real Estate Background Full-time self-storage investor Portfolio 8 self-storage properties in Colorado and New Mexico Based in: Durango, CO Say hi to him at: Twitter sultanofstorage.com Best Ever Book: The Obstacle is the Way, by Ryan Holiday Greatest Lesson: Finding work you enjoy doesn't require following your passion. Click here to learn more about our sponsors: MFIN CON Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.
1:18.5	For more information go to best ever show.com.
1:21.8	Just because properties appear well run, like they have a nice website, does not necessarily
1:27.7	mean that they are.
1:28.7	I decided not to send letters to some owners of properties that I thought looked pretty nice and didn't have the opportunity for value
1:35.6	ad and one of those actually came on the market at a price that I would have gladly paid
1:40.8	after I looked at the financials and unfortunately I was just too slow to it and didn't win that one.
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