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Self Storage Income

Self Storage Investing Today & the Metrics You Need w/ Cory Sylvester

Self Storage Income

AJ Osborne

How To, Investing, Education, Entrepreneurship, Business

4.9591 Ratings

🗓️ 6 July 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Welcome back everybody to the Self Storage Income Podcast! This is your host AJ Osborne! 

 

As you might know, we get some pretty phenomenal guests here on the podcast who are experts in self storage investing, managing, and all things self storage honestly. But today is a special guest episode with a good friend of mine who just might have some of the most valuable and actionable insights into the self storage market that you can find. 

 

It’s my pleasure to welcome back Cory Sylvester, principle of DXD Capital and one of the founders and creators of the widely used and popular Radius+ self storage market analysis platform. 

 

Needless to say, Cory has an incredible amount of data at his finger tips and is one of the most well informed individuals on the planet in regards to self storage markets everywhere. That said, this is exactly what we’re going to dive into on today’s podcast. 

 

We talk markets, the impact of interest rates and macro level metrics, developments versus acquisitions, and he even shares the economic metrics that he’s paying the closest attention to. As you all know, we’re in uncharted waters here when looking at the macro level economy. We need to be prepared for the unexpected, the worst case scenario, and we need to be able to thrive at the same time - the invaluable information that Corey shares in this episode will help you achieve that. 

 

Check out DXD Capital at: https://dxd.capital/

 

And give yourself the advantage with Radius+ here: https://www.radiusplus.com/

 

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The Self Storage Income Podcast is Sponsored by:

Forge Building Company. Forge is our go-to building contractor for all things self-storage. In AJ's words "Forge has saved us literally hundreds of thousands of dollars on one deal alone through their ability to value engineer, improving our facility at the same time." Exclusive to SSI listeners, Forge is offering a FREE consultation and Complimentary Site Layout.

Get in touch with Forge here:  - https://forgebuildings.com/podcast

 

The Self Storage Income Podcast is also sponsored by:

Janus International - https://www.janusintl.com/

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

 

Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek Wealth here:

https://www.cedarcreekwealth.com/

Investing in real estate is like climbing a mountain, depending on where you are on your journey, you need a different set of tools and resources so you can grow. That's why we created The Circle - the go-to real estate investment community to help people grow and scale in real estate. Find out more here:

https://www.thecrecircle.com/

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/

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is being brought to you guys by our incredible sponsors, Tenant Inc., Live Oak Bank,

0:05.8

and Janice International, starting it off with Tenant Inc. Their products are designed by owners

0:11.2

for owners. And Tenant Inc. is funded and managed by self-storage owners with vast industry

0:17.2

experience spanning decades. These guys super know their stuff. Incredible people.

0:22.1

They understood what the industry lacked and knew what needed to be provided. So technology

0:27.6

in the industry sets basic operators apart from professional operators and they knew exactly

0:34.7

what the industry needed. And their technology puts the owners back into

0:38.8

the driver's seat.

0:40.7

On to our next sponsor, we've got Live Oak Bank, who is on a mission to be America's

0:47.1

small business bank.

0:48.8

Incredible group of people there who know and understand self-storage.

0:52.9

We've talked to so many people that use their services in the self-storage industry

0:57.2

and have had nothing but incredible experiences with Live Oak.

1:01.4

If you guys are interested in SBA loans, starting in storage, any of that phenomenal

1:07.4

resource for you to look at.

1:09.6

Last but not least, Janus International, they've got

1:12.7

everything from doors and hallways to installation, automation and facility restoration. Their

1:18.1

R3 program helps you revitalize facilities, bring them back to life. They are a leading global

1:24.6

provider of self-storage and commercial industry doors relocatable storage units

1:28.8

facility automation solutions and door replacement and self-storage restoration services again

1:34.1

these guys have been in the industry for so long they know their stuff they do incredible work

1:39.1

all the links to these incredible amazing sponsors are down below in the show notes check them out get

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