REI153: 1300 Units in 21 Months w/ Sultan of Storage

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 19 December 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:36 - What self-storage investing is. 01:36 - Why self-storage investing has become so popular and competitive. 11:26 - How to leave your W2 job for real estate investing. 14:53 - What to look for in a self-storage facility. 35:10 - What to avoid in a self-storage facility. 38:08 - How to maximize cash flow. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert’s book The Everything Guide to House Hacking. Paul Moore’s book Storing Up Profits. Related Episode: Listen to REI077: Masterclass on Self-Storage w/ Nick Huber, or watch the video. Related Episode: Listen to REI108: Mastering Self-Storage w/ Paul Moore - REI108, or watch the video. Related Episode: Listen to REI151: Multifamily to Self-Storage Conversions w/ Scott Krone, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram | Twitter Connect with Sultan of Storage: Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	Storage is not a passive investment.
0:06.2	It is a very active investment, particularly early on before you reach scale.
0:14.0	In this week's episode, I talk with the Sultan of Storage about his journey into real estate investing from the corporate world in all things
0:21.7	self-storage. The Sultan of Storage spent 12 years in the corporate world at a fintech company
0:27.7	before buying his first real estate investment, which was a self-storage facility in February
0:32.5	2021. Today, just over 21 months later, he owns seven self-storage facilities that encompass
0:39.6	1,300 units and was able to replace his W-2 income to invest in real estate full-time.
0:46.4	Self-storage has become one of the most popular asset classes over the past few years,
0:51.2	and I know there are a lot of people in the audience who listen to this show
0:54.1	who want to learn more. So I hope you all enjoy this week's episode with the Sultan of Storage.
1:03.8	You're listening to Real Estate Investing by the Investors Podcast Network, where your host,
1:09.2	Robert Leonard, interview successful investors from various
1:12.7	real estate investing niches to help educate you on your real estate investing journey.
1:25.5	Hey, everyone, welcome back to the Real Estate 101 podcast.
1:30.3	As always, I am your host.
1:32.1	And today, with me, I have the Sultan of Storage.
1:35.4	Welcome to the show.
1:36.6	Thanks, Robert.
1:37.3	Glad to be here.
1:38.9	Your tweets are entertaining, funny, and informative.
1:43.4	You have a pin tweet that says, how I bought four crappy
	...

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