Three Keys to Finding and Moving on a Self Storage Investment Opportunity
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 30 June 2020
⏱️ 26 minutes
🧾️ Download transcript
Summary
Welcome everybody to the Self Storage Income podcast. I’m AJ Osborne, your host and self proclaimed self storage investing addict. So many times we can get caught up in all the details and analysis of our goals, investing and otherwise. That’s why today I wanted to dial in on three keys to help you focus on when analyzing whether or not to move forward with a proposed storage facility. The three simple keys we go over today are: Demand Revenue Potential Cost Once you accurately identify and measure these variables, you’ll have a pretty clear idea of whether or not a proposed storage facility is a go. I walk you all through how to analyze demand, how to identify revenue potential, and how to analyze cost to help ensure that you’re making the best investment decisions possible. Listen in, take notes, and please, email me any questions you have! We love addressing your questions on the podcast and social media. Thanks for listening everybody! AJ Pick up a copy of my book An Investor’s Guide to Growing Wealth in Self Storage here: https://selfstorageincome.com/book/ 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 from small third tier markets to large hundred plus thousand |
| 0:23.1 | square foot facilities, 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 |
| 0:31.3 | in the nation to show you how to create wealth and income with self storage. |
| 0:36.9 | Welcome to self-storage income. |
| 0:38.8 | Welcome everybody to the self-storage income podcast. |
| 0:58.9 | And I am so excited to do this podcast today. |
| 1:01.7 | As most of you know, I'm excited about every single podcast we do. |
| 1:03.7 | No way. |
| 1:04.1 | I know. |
| 1:04.6 | I know. |
| 1:14.1 | But I'm really excited about this one because setting the framework up where we talk about how to find deals to buy and develop this goes into everything before you get into underwriting this goes |
| 1:22.8 | into understanding how the revenue drivers work. |
| 1:28.4 | And I think people get lost in it. |
| 1:30.4 | I think people don't understand when you're looking to find a storage deal, |
| 1:34.3 | when you're looking to develop storage. |
| 1:38.9 | And after you've done it for a long time, |
| 1:41.2 | things become very second nature. |
| 1:43.8 | And you can kind of simplify things down. And I had a long time, things become very second nature, and you can kind of simplify things |
| 1:45.3 | down. And I had a call with one of our listeners today, it was this morning. And he was like, |
... |
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