Self Storage Development - The Keys to Success with Joe Evangelisti
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 24 May 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income Podcast!
It’s getting pretty wild out there in regards to finding great existing self storage deals that you can just simply acquire. But that doesn’t mean there isn’t still great opportunity elsewhere, especially when you consider developing a self storage facility instead.
Make no mistake, when it comes to development there’s little room for error. It’s a lengthy and uncertain process that demands expertise and relentless execution. The potential risks may be great, but the rewards can be huge.
So how do you successfully navigate the world of development?
Welcome our guest and self storage development expert Joe Evangelisti.
Joe gree up in the construction and development world, even serving in the United States Navy as a Seabee. After his service, he and his wife began house flipping and diving into real estate. Problem was, house flipping just wasn’t scalable enough for the goals they’d set. Like so many of us, they wanted off the treadmill and wanted to begin building REAL wealth. This lead them to commercial real estate and self storage.
Joe shares a wealth of development knowledge with us on todays podcast. Listen in, take note, and find out if development is the opportunity you’ve been looking for.
Keep up with Joe on his website at: https://www.investwithlegacy.com/
Thanks everybody,
AJ
Invest with Cedar Creek:
https://cedarcreekwealth.investnext.com/portal/capital_raise/358/
Success doesn’t happen on an island, which is why I’ve launched the CRE Circle. Build your community, your resources, and your commercial real estate investing opportunities. That first or even next deal could be right around the corner. You can learn more about the CRE Circle and sign up here:
Want to pick up my best selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/
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 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:
The Self Storage Income Podcast is Sponsored by:
Janus International - https://www.janusintl.com/
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. |
| 0:03.6 | We have another incredible episode lined up for you today. |
| 0:06.8 | But before we get into that, huge shout out to all of our amazing sponsors, Janice International, |
| 0:12.3 | Store Local, Live Oak Bank, and Tenant, Inc. |
| 0:16.0 | Be sure to check out the links in the show notes. |
| 0:18.2 | You guys probably hear us talking about these guys on the podcast all the time. Janice International, tons of amazing people, tons of amazing products, services, |
| 0:26.1 | their no key service, there are three programs, all these different aspects to help you |
| 0:29.8 | build an amazing storage facility or upgrade your storage facility. Just a fantastic group. |
| 0:35.9 | Store local. It's honestly one of the biggest threats to self |
| 0:39.4 | storage is market consolidation and everything that goes along with that. So enter Store Local, |
| 0:46.2 | the largest storage co-op in the world, just amazing people again, tons of awesome people |
| 0:52.6 | there and amazing solutions to bring everybody's |
| 0:55.5 | resources together and utilize those in an effective way to be able to compete and also |
| 1:01.1 | thrive in a world of competition with some of these larger reits and the big players in the |
| 1:07.2 | self-storage industry. Check out store local, amazing, amazing opportunities there. |
| 1:11.7 | Live Oak Bank. I don't know how many of you guys came to our live event in Coral Lane just this |
| 1:16.7 | past year, but we had some amazing conversations with Live Oak Bank there, and they were probably |
| 1:22.1 | one of the most popular topics there in our breakout sessions. And people want to know. They want to know the financing. |
| 1:29.5 | You guys want to know what the solutions are, what the deals look like, all these different |
| 1:33.3 | aspects to financing. Live Oak Bank is that answer specifically for self-storage. They specialize |
| 1:38.9 | in storage, which is just incredible. There's no learning curve for them to understand the asset. |
| 1:45.4 | They know it. They've been there before. And they can help you see things that you might not even be seeing yourself. So Live Oak Bank, |
... |
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