Storage Facility Management | What to Look for, What to Change, and Finding Opportunity When Evaluating a Storage Facility
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 3 April 2020
⏱️ 40 minutes
🧾️ Download transcript
Summary
Welcome back everybody to Self Storage Income! I can’t tell you guys how much we appreciate all the comments, emails, and reviews we get from you all. It’s such a huge help for us to hear from you and to connect with you. Today’s episode is right out of one of the comments we’ve received from you. The question was about storage facility management. Here’s the comment asking about the management aspect: “What are you looking for when you’re evaluating a facility? What would you change? How do you evaluate employees already in place?” That said, we jump right in and answer these questions in detail. We also share how exactly we structure and operate our management team. It’s always a great time to be asking yourself how you’re going to set up or improve your management team. No matter where you’re at in your storage investing journey, you should be asking yourself these questions often and evaluating what needs to be done. These structures directly affect our ability to scale, to cut expenses, and so many important factors to being a successful self storage investor. As always, be ready to take notes and absorb all that this episode has to offer. And please, keep sending us your great questions and feedback so that we can continue producing content like this and share with you exactly what you’d like to learn from us. 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.
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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 from small third-tier markets to large 100 plus thousand square foot facilities, |
| 0:24.6 | we have seen it all. |
| 0:26.0 | This is the podcast that we're going to discuss and bring on the best investors and operators in the nation |
| 0:32.3 | to show you how to create wealth and income with self storage. |
| 0:36.9 | Welcome to self-storage income. Welcome, everybody, to self-storage income. |
| 0:51.7 | This is going to be an absolutely exceptional podcast this time. |
| 0:58.2 | And I know before we even discuss again, let me tell you how I know. |
| 1:01.2 | The reason I know is because we get a lot of comments from you guys and emails, which we love. |
| 1:08.5 | I love making calls, reaching out to everybody, talking about |
| 1:13.3 | this industry, not just getting into it, but scaling, managing all the things that the |
| 1:20.4 | detail focus that makes a difference. We got a review, a five-star review, thank you very much. |
| 1:27.3 | Tarko Rose is the name. |
| 1:29.2 | But they asked for a future show topic. |
| 1:32.9 | And the question in here was so good that we saw and we said, |
| 1:39.1 | we're going to make an entire episode on this question. |
| 1:41.8 | So for Tarko Rose, I think that's your name, thank you very much for not only |
| 1:46.7 | the review, but this great topic, because this is so important in how they phrased the question, |
| 1:54.7 | which I can just read, an in-depth insight on management, what you are looking for when |
| 1:59.2 | evaluating how a facility is being managed |
| 2:02.6 | and what you would change and how to evaluate that personnel already in place. |
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