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PODCAST

Self Storage Income

The authority on creating wealth and income through self storage. Find our video podcast on YouTube: https://www.youtube.com/playlist?list=PLoaCszL7eN9T7EixaJgL49WTLsT-CWLD1

business investing

All Episodes

49:09

211. The Modern Self Storage Facility | Operations w/...

Self Storage Income ·

2023/09/21

Our Self Storage Income Live Event:https://www.selfstorageincome.com/ssi-live-2023 Self Storage has changed MASSIVELY in the last 10 years. Big players have entered the market and started investing in a key component: technology. If you don't have a website nowadays, your business *will not* be discovered. The self storage facility today is far more advanced than that of just a few years ago. There's AI managing tenants, there's algorithms behind revenue management - the prices you see on

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31:02

210. Q&A: Reducing Risk, Why Deals Fail, Security...

Self Storage Income ·

2023/09/05

We're answering your questions LIVE on the podcast! This episode was previously streamed over on our instagram. Follow us there and send us your questions! https://www.instagram.com/ajosborne/ Take the first step. Surround yourself with the industry experts, and network with those just like you at our Self Storage Income Live Event:https://www.selfstorageincome.com/ssi-live-2023 Our Sponsor - Tenant Inc. -https://www.tenantinc.com/ Want to take advantage of todays market conditions with us

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45:45

209. Self Storage for Beginners: How to Start with...

Self Storage Income ·

2023/08/30

Starting out in Self Storage can be daunting, especially when you're doing it all by yourself. Doesn't matter if you are starting with nothing and just want to create some extra income, or if you want to start a full-on, scalable business. It's difficult, right? But that's exactly what Masha and Erik did. And they did it within the last 3 years. Masha Klapanova emigrated from Russia with her family and very little money.Shenow owns and operates multiple storage facilities. How long did it

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46:52

208. Self Storage is not an investment, it's a Business

Self Storage Income ·

2023/08/23

How do you grow wealth in self storage? Today, we're going BACK TO BASICS, specifically: how storage is NOT an investment, it's a business. It should be treated as such. What? What does that mean? It all distills down to this: operational improvements. It worked for our first few facilities, and we use this model in our company to this day. Customers deserve a good experience when they walk into a facility. They deserve a clean space and a friendly face. As an operator, this massively

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41:16

207. How REITs make big money in Self Storage -...

Self Storage Income ·

2023/08/16

Self Storage street rates have tanked, hitting a historical low for the last decade. But that's not the whole story. Customers are getting tired of what's happening. Typically, street rates, or the rate that is advertised publicly, will correlate with two things: revenue and occupancy. Usually, when people don't rent enough units, you have to drop the price to spur demand. Well, that's not what's happening. Occupancies are dropping, yes, but they are returning to historical normal levels

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22:30

206: Occupancy vs Revenue Opportunity: My Portfolio’s...

Self Storage Income ·

2023/08/07

In this episode I answer your burning question: how are MY assets doing? The WSJ posted that we’ve experienced a HISTORICAL drop on national self storage rates. Does this mean the market is crashing? Let’s touch on how the Self Storage game has changed. This concerns me. And I think it leads to a tremendous amount of regulation. Will it actually happen? Why or why not? Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2

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49:22

205. The Market is Down but Opportunities are Rising...

Self Storage Income ·

2023/07/25

How are storage facilities trading at absorbent prices in some places, but are great deals in other markets? There are different forces that affect how a storage facility is valued. Well, that's backed by research and numbers. Every since industry goes through 3 main phases of development. Youth, adolescent, and mature. Self Storage was primarily in its Youth phase prior to 2008, then everything changed. When you look for deals, its difficult to use the same "factors" that you've been told

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50:23

204. Starting out with Automated Facilities w/ Jonah...

Self Storage Income ·

2023/07/18

So many people out there say that they automate or have a "touchless" storage facility. Butthere's so many misconceptions to doing this. Yeah, it sounds great: outsourcing facility management to a virtual assistant (VA) or 3rd party management company. What are some of the caveats to automating your facility? Especially when starting out? Today we bring on Jonah Hall, theco-founder of Smartlock Self Storage, who specializes inin software development and corporate management. When he started

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41:34

203. The Bubble has Popped - Self Storage Market Update

Self Storage Income ·

2023/07/04

The economy is slowing down, and it's impacting Self Storage directly. We're seeing incomes fall, occupancy drop, and normally "busy" seasons are slow instead. This is a result of the Self Storage bubble. It's similar to the housing bubble that popped in 2008, except now it's popped for Self Storage. The rates we can charge are dropping, along with new customers and income. We talked about this in-depth last year:https://youtu.be/Sm0pZsLkxoo So now what? What happens to all the facilities

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53:45

202. How to Increase Occupancy & Revenue in...

Self Storage Income ·

2023/06/20

A competitive economy results in massive shockwaves echoing through the real estate, financial, and consumer sectors. We're always looking to acquire new properties - but this has all but stalled out. Deal volume has crashed, and the number of GOOD, viable deals has not been reliable During this downtime, can we actually make this be a good thing? How are we changing how we look for deals? What are we doing in our day-to-day to set ourselves up for the inevitable next-phase of the economic

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49:21

201. Then vs Now - The Future of Self Storage

Self Storage Income ·

2023/05/23

In today’s episode, AJ and Conner discuss the evolution of Self Storage through years. When we got started, the market was drastically different. Whether you’re a first-time investor, or you’re a part of one of the largest private equity firms in the world - everyone is subject to the same fundamental concepts. Operations, management, expansions - and it doesn’t stop there. That’s why AJ wrote his first book on Self Storage, and is about to publish his second. Sign up to be notified when

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76:49

200. Building a PROFITABLE Storage Business from...

Self Storage Income ·

2023/05/16

Welcome back everyone to the Self Storage Income Podcast on our 200th episode! As you know, we’re all about building business – specifically a self storage business that can own, operate, manage, develop, and syndicate self storage deals. Not everyone wants to go this route and that’s ok (which is why we syndicate right!?). But for those of you who do want to build a business, and even an empire – this episode is for you, and we have a couple amazing guests who can talk at length about how

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40:59

199. Don't Buy into the Clickbait: There is no...

Self Storage Income ·

2023/05/09

Welcome to the Self Storage Income Podcast! Today Conner and AJ talk about legitimate tools you can use on your journey to success. You've seen the clickbait, you've been told to have a special morning routine, you've already heard "The One Thing You Need to Do to Become Wealthy." There is no one way, there is no big secret, and it won't be instant. The world is ever evolving and there are so many different ways to be successful. You are already on your journey! It's time to be successful

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38:39

198. The 3 Keys to Finding Great Deals

Self Storage Income ·

2023/05/02

Welcome back everyone to the Self Storage Income Podcast! Investing in self storage can be pretty overwhelming sometimes. There are a lot of factors to consider, decisions to be made, and risks to be aware of – that is if you actually want to be a successful self storage investor. Today, AJ provides a great metaphor on how to look at self storage investing that really breaks down the fundamentals of self storage investing success. There are a few key pieces that you need to be thinking

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33:18

197. How AI is Changing the Self Storage Industry

Self Storage Income ·

2023/04/25

What a great week at the Inside Self Storage Expo! We just got back from Las Vegas where the ISS event was held. One of the biggest topics they covered was Automation and AI integration, with both private companies and public REITs all interested - so let's talk about it! AI has been adopted across industries almost immediately - decades faster than the Internet was adopted initially. Is this just hype? Or is this an industry changing force that will impact everyone - including investors,

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49:01

196. Buying Storage during a Recession - Market...

Self Storage Income ·

2023/04/20

The Self Storage market is undergoing an unprecedented time of change and fluctuation. Everything is being affected - buying & selling, cap rates, tenant occupancies, and more. If you are new to the market - or trying to get into the market with your first deal - what does this meant for you? We know Self Storage is connected to residential housing. Does that mean we will experience the same desperation, skyrocketing debt, or foreclosures? Interest rates right now are extremely high,

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27:00

195. This is Massive - ExtraSpace's $12 Billion Self...

Self Storage Income ·

2023/04/11

There has been a major development in the self storage industry. One of the biggest REITs in the space, ExtraSpace, has merged with Life Storage for a record $12.7 billion, making it the largest merger in the Self Storage industry by FAR. Where will this take us and what does it mean for the self storage world? For years, we've talked about market consolidation in this space. The sheer market size of this merger can tell us a lot. Public Storage even joined in on the fun. This is not just

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46:19

194. When to STOP Buying - Understanding Market Decline

Self Storage Income ·

2023/03/28

In the midst of the recent bank collapses, economists and investors alike are shuddering at the impact of high cost of capital and the Fed's continual interest rate hikes. Banks are extremely nervous and wary of investments - all investments. INCLUDING storage. Why is this happening, and how will it affect us? When we saw storage being oversupplied with falling demand, we knew a bubble was coming. Now it's here. When we look at investing in self storage, we always underwrite a "worst case

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52:03

193. Remote-controlled Facilities, Spiraling Debt, &...

Self Storage Income ·

2023/03/21

Welcome back everybody to Self Storage Income! Today we have an exciting guest, Mike Burnam, on to talk about the current state of self storage markets - particularly smaller, tertiary, and subprime markets - as the bubble created by the pandemic is starting to pop. Mike is theCEO of StorageMart and has been in the industry for over 42 years, with over $4 billion worth of self storage. He has experience with being publicly traded then went private, and has operated in the US, Canada, and

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43:46

192. Financing in Troubled Times - What Banks Look...

Self Storage Income ·

2023/03/14

The economy is shuttering: with the Fed raising rates trying to slow down inflation, banks are responding differently to investors than they used to. Developments aren't getting approved as much as they used to. What does this mean if you are wanting to invest in, build, or acquire a new storage facility? Today we are joined by Anna Taylor, who isthe head of Self-Storage Lending at Live Oak Bank and she is an absolute self storage lending expert. She's kept a close eye on the industry over

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327 results

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