Self Storage Opportunities in Small Towns - The Pros and Cons
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 22 May 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income podcast! Today we’re talking about good ‘ol small towns and the pros and cons of investing in a self storage facility there. There’s great opportunity to be had in small towns when you’re looking to start investing in self storage. But like most great opportunities, there are risks and pitfalls that you need to plan for and be aware of. We walk through the details of one of our small town deals, a facility we still own today, and talk about why it was a good deal, what we looked for, what we saw, and why we ended up purchasing the facility. If you’re just getting started and have limited cash on hand to invest, small towns can be the perfect opportunity for you to get your feet wet, and to start building your self storage empire. Thanks everybody, AJ 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 contact a current owner, and ultimately how to land a storage facility deal. You can also find the Self Storage Income Podcast on: iTunes Spotify Stitcher The Self Storage Income Podcast is Sponsored by Janus International - https://www.janusintl.com/
Transcript
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| 0:00.0 | Looking to create wealth and income through high cash flowing real estate, self-storage is the fastest growing and the newest real estate asset that has outperformed all others. |
| 0:10.0 | What's it secret? |
| 0:11.0 | I'm A.J. Osborne and with over a million square feet that we have built, acquired, expanded, and even converted big box stores, |
| 0:19.0 | from small third-tier markets to large 100 plus thousand square foot |
| 0:23.7 | facilities, we have seen it all. This is the podcast that we're going to discuss and bring on |
| 0:29.3 | the best investors and operators in the nation to show you how to create wealth and income |
| 0:35.6 | with self storage. Welcome to self-storage income. Welcome everybody to |
| 0:48.4 | self-storage income. As always, I have my trusted co-host, Connor with me today. How you doing, man? |
| 0:56.5 | Doing great, doing great. Just excited for everything going on. Doing awesome. |
| 1:00.6 | World's kind of getting back to normal a little bit for a lot of us. Just really excited, man. |
| 1:04.5 | This is going to come out a little late. We usually like to hit it once. We can twice a week. |
| 1:10.4 | But the last two weeks have been beyond |
| 1:13.9 | swamped for us. I have basically lived in my office. All good things, though. It's like, |
| 1:20.1 | you know, we were working through COVID-19. I was here at the office every day. And, you know, |
| 1:25.9 | we took the time to really use that time to make good connections and start setting stuff up. |
| 1:32.8 | So as things have started to open up, it's just we've been swamped. And we have so many deals coming in. |
| 1:41.2 | It's great, but it's about prioritizing now and really focusing up. |
| 1:46.4 | So, yeah, it's been crazy, but a lot of great exciting stuff going on. I hope all, |
| 1:50.9 | everybody listened to this. I hope you guys got stuff moving and you spent your COVID-19 time wisely, |
| 1:58.2 | as opposed to watching Netflix the whole time. But we got a great topic today |
| 2:02.3 | for you guys, because it's a topic that has a lot of confusion and is a lot of important |
| 2:08.4 | information here that I hope helps you guys on, because small towns play a pivotal role |
... |
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