Passive Income Is A Lie (Here’s What Actually Works)
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 5 May 2026
⏱️ 98 minutes
🧾️ Download transcript
Summary
Ryan Pineda and Brian Davila interview Ramel Newerls as he breaks down how he scaled self-storage and mailbox businesses into high-cash-flow ventures while discussing broader lessons on wealth, business models, and the importance of environment in achieving succes
Connect with Ramel -
https://capitalandcashflow.com/ccsummit?am_id=ryanpineda789
https://www.instagram.com/mogullifestyle_/
https://linktr.ee/mogullifestyle_
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Join our private mastermind for elite business leaders who golf. https://www.mastermind19.com
Join free Bible studies and workshops for Christian business leaders. https://www.tentmakers.us
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CHAPTERS:
0:00 - Mailbox & Storage Intro
1:08 - Pandemic Pivot Moment
4:05 - Why Storage Is Simple
15:14 - Storage Demand & Market Trends
24:17 - Mailbox Business Explained
27:00 - Storage Auctions & Side Hustles
35:30 - Economy Impact on Storage
1:02:10 - Belief & Exposure Mindset
1:24:10 - Why Some Never Sell Businesses
1:29:20 - Building Legacy Over Exits
1:34:20 - AI & Future of Work
1:36:00 - Entrepreneurship as the Future
Transcript
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| 0:00.0 | A lot of people ask me about storage units and all of these different things and how they can start making mailbox money. And this guy actually does both. He has the literal mailbox companies where people just, you know, rent the mailboxes and make money. And then he's got storage units, which is like kind of just a big mailbox when you really think about it. I've got my guy, Ramele New Orleans here today, along with my bald co-host, Brian DeVilla. |
| 0:22.7 | What's up, boys? What's up? Glad to be in. How what's up? Good to see you again. Bro, I'm excited to talk about this because every time I have somebody with storage, it usually does pretty good. And every time, I've only done the mailbox thing once, and it just went mega crazy with Lisa Sutton. |
| 0:38.1 | And so tell me about these businesses, man. |
| 0:40.6 | Like, how'd you get into them? box thing once and it just went mega crazy with Lisa Sutton. And so tell me about these businesses, |
| 0:40.4 | man. Like, how'd you get into them? So I've been in real estate for the past 12 plus years, |
| 0:45.4 | but I started out on the residential size. So single families, duplexes, I was buying them all across |
| 0:50.9 | the country in Milwaukee, St. Louis, Pennsylvania. I did that for about seven years |
| 0:56.1 | straight. Were you renting them or you were flipping them? I was buying and renting. Okay. |
| 0:59.8 | Buying holding and renting, right? Just building on my portfolio and I had about 40 plus properties |
| 1:04.9 | and the pandemic happened in 2020. So I had a good amount of tenants stop paying me rent, but I'm still stuck with the mortgage, |
| 1:12.7 | the taxes, the water, because if you don't pay it, you're probably going to get condemned. |
| 1:17.2 | So I was really just cash poor and equity rich. |
| 1:20.1 | I can feel that. Yeah. It's a common story I hear with single family rental owners. |
| 1:26.4 | And this is the crazy part because I had quit my 9 to 5 job because I thought I had this passive income and I wasn't prepared. |
| 1:33.4 | It wasn't passive? |
| 1:34.7 | It wasn't passive. |
| 1:35.6 | There's no income? |
| 1:36.8 | There was neither passive nor income. |
| 1:39.9 | I don't know. |
| 1:40.5 | I had to pivot. |
| 1:43.2 | So I started to sell off my properties. And at that point, you know, during COVID, interest rates were super low. People were paying overpriced, you know. And on one property in particular, I had a buyer offer me $20,000 over asking price, but he wanted the property to be delivered vacant. I had a tenant in there. I asked him to leave. I gave him cash for keys. I gave him $2,000. I don't care where you owe me. I just need you out. Sold that property, but I had to find his unit, his unit to put his belongings in for 90 days. That was the agreement. I'll leave, but I need you to help me find a storage unit. We looked everywhere. It was a waiting list. |
| 2:18.2 | Storage units booked up and I'm like scratching my head. Why is every single storage unit |
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