Zach Quick | How to Start Building Your Self Storage Empire
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 5 December 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
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Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.
Self Storage changed that for me once and for all. And I want to show you how it can work for you.
Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.
You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means people need a place to put all that stuff.
Enter self storage.
At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.
I want to show you how to get started in this industry and create true financial freedom.
THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL
With over 1 million square footage of self storage facilities across four states, we’ve created a scalable model that works.
We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.
Our incredible guest today, Zach Quick, has mastered this concept and has gone from a W2 employee to self storage investor who now owns six self storage facilities. Zach shares with us how he got started investing in real estate with residential units, then how and why he decided to make the leap into the self storage market. Zach walks us through how he's finding great deals off market in an unconventional way, the details of his first storage deal, and the challenges he's faced going from residential investing to self storage.
I hope you all enjoy this episode, it was a great conversation with Zach and incredible to hear how he built his start in the self storage industry.
Please be sure to send me your questions and comments!
Thanks everybody, AJ
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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:
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AJ's Self Storage Masterclass - https://cashflow2freedom.com/self-storage/
Self Storage Income Website: https://www.selfstorageincome.com
My OTHER Podcast & YouTube Channel - Cashflow 2 Freedom - https://www.youtube.com/channel/UCspPjuKSS7iohRa7VRvohqQ
Transcript
Click on a timestamp to play from that location
| 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 hundred plus thousand 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 in the nation to show you how to create wealth and income with self storage. |
| 0:37.0 | Welcome to self-storage income |
| 0:41.8 | Hey everybody before we get in today's today's episode which is awesome our interview today |
| 0:47.6 | I just this is such a good interview you know Zach's got six facilities, two under, he's got, excuse me, |
| 0:57.5 | four facilities, two under contract. He was working at Target. You got to hear how he built |
| 1:03.4 | his facilities up, bought these facilities, and he's turning him around and how he's working, |
| 1:07.9 | and he's doing it by himself. It's just awesome i there's so much valuable |
| 1:13.0 | content he shares everything um i got so much out of it and it and it was such a fun um |
| 1:20.4 | uh podcast and interview to do you know sometimes we do interviews and i'll never even post |
| 1:27.1 | them because people come on and they're either trying to sell stuff or you know, sometimes we do interviews and I'll never even post them because people come on and |
| 1:28.5 | they're either trying to sell stuff or, you know, it's just not very good content. |
| 1:35.3 | And this was one that, you know, within five minutes, I'm like, oh, this is, this is going to be a |
| 1:40.4 | great one, so much value. But one of the things we've been talking about and on there and some of the stuff I wanted |
| 1:47.1 | to talk about today, I'm recording this Thanksgiving week and we're in the process of building |
| 1:51.7 | out applications and everything for our self-storage mastermind that people can come on. |
| 1:57.1 | They can be a part of which we underwrite deals to help with, you know, everything |
| 2:00.8 | from financing and sourcing deals, operations, big on operations. |
| 2:06.2 | And we go over potential deals to try to find value and figure out how to extract the |
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