Starting and Growing a Successful Self Storage Business with Chris Ramsey
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 10 May 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the one and only Self Storage Income Podcast - this is your host, AJ Osborne! I have yet another incredible guest lined up for you on the podcast today - we have self storage investor and entrepreneur Chris Ramsey. Hailing from the moving business, Chris and his family weren’t too far off the mark when it came to looking at self storage. Chris actually developed a software for moving companies that also helped gather data about those individuals moving and their needs throughout that process. As you might imagine, this gave great insight for Chris in identifying the majority of people’s obvious need for self storage. We cover a variety of topics on today’s podcast but to share a few - we discuss the importance of identifying product market fit and supplying a market with the self storage product that is actually in high demand. We also talk about the king of good self storage markets - DEMAND. Outside of this, we discuss some industry changes, what we’re seeing and experiencing in self storage, and more. You can connect with Chris on Twitter here: https://twitter.com/ChrisRamsey60 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: 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/ 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: iTunes Spotify Stitcher 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
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| 0:00.0 | This episode is being brought to you guys by our incredible sponsors, Tenant Inc., LiveOak Bank, |
| 0:05.5 | and Janice International, starting it off with Tenant Inc. Their products are designed by owners |
| 0:10.9 | for owners, and Tenant Inc. is funded and managed by self-storage owners with vast industry |
| 0:16.9 | experience spanning decades. These guys, super know their stuff, incredible people. They |
| 0:21.8 | understood what the industry lacked and knew what needed to be provided. So technology in the |
| 0:27.8 | industry sets basic operators apart from professional operators, and they knew exactly what the |
| 0:34.1 | industry needed. And their technology puts the owners back into the driver's seat. |
| 0:39.8 | On to our next sponsor, we've got Live Oak Bank, who is on a mission to be America's Small Business Bank. |
| 0:47.7 | Incredible group of people there who know and understand self-storage. |
| 0:52.0 | We've talked to so many people that use their services in the self-storage industry |
| 0:56.3 | and have had nothing but incredible experiences with LiveOak. |
| 1:00.5 | If you guys are interested in SBA loans, starting in storage, any of that phenomenal resource for you to look at. |
| 1:08.4 | Last but not least, Janice International, they've got everything from |
| 1:12.1 | doors and hallways to installation, automation and facility restoration. Their R3 program |
| 1:17.8 | helps you revitalize facilities, bring them back to life. They are a leading global provider of |
| 1:24.1 | self-storage and commercial industry doors, relocatable storage units, facility |
| 1:28.1 | automation solutions, and door replacement and self-storage restoration services. Again, |
| 1:33.0 | these guys have been in the industry for so long. They know their stuff. They do incredible work. |
| 1:38.5 | All the links to these incredible, amazing sponsors are down below in the show notes. Check them out. |
| 1:43.8 | Get at them. With with that said enjoy the |
| 1:45.9 | episode looking to create wealth and income through high cash flowing real estate self storage is the |
| 1:51.9 | fastest growing and the newest real estate asset that has outperformed all others what's it secret |
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