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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

47:45

191. How to Appraise Self Storage Properties 101 w/...

Self Storage Income ·

2023/02/15

When buying a self storage facility, the sale price isn’t always market value - if it was, we’d live in a perfect world. Thats why having an appraiser come out and inspect the property can be tremendously valuable. They can tell you what exactly adds or subtracts from market value and determines the final sale price. In this episode, special guest Tim Garey from Cushman & Wakefield Self Storage sheds light on the appraisal process. With over 20 years of experience in commercial real

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36:47

190. Q&A: MAJOR Slowdown Ahead? | Self Storage in 2023

Self Storage Income ·

2023/02/02

In this special Q&A episode of Self Storage Income, we answer YOUR questions directly. We will be addressing - The State of Self Storage in 2023 - Developments: The Pros & Cons - Finding Investors fora Boat & RV Facility with much more to come. Thanks to all those to have supported us and sent us questions.You can send your own via our YouTube channel, Instagram, or

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47:56

189. Funds vs Syndications: Pros & Cons

Self Storage Income ·

2023/01/25

There are many ways to finance a self storage deal. You can bring your own money, leverage your own assets, or enlist the help of others, like investors, banks, and even the sellers themselves. Today we're talking about two of the most common ways to finance a storage facility: Funds and Syndications. Funds pool together capital to invest across a series of investments or properties, such as a portfolio, hence diversifying the capital you invest. Syndications aggregate a group of investors

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71:18

188. The Problem with Debt | Lending and Financing in...

Self Storage Income ·

2023/01/11

Once you've figured out which market to go in and what price you should pay, the next step is to secure the funding and financing for your deal. Lending is a tricky business - there are numerous types of loans and fund structures each with their unique benefits, regulations, and interest rates. Each of these factors will directly affect how your deal functions now and years into the future. Today we are talking to Ben Benditson, our newest addition to the Cedar Creek team. He's a broker who

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31:18

187. Don’t OVERPAY for Self Storage | The Art of...

Self Storage Income ·

2023/01/04

Valuation is a key step in buying a self storage facility. You need to know how much it costs, after all. Price is a measurement of value. But in commercial real estate, value is not determined only by the price. You also need to look at things like revenue, growth, expenditures, and operations.It’s not just a single line item. Not anymore. As an investor, what are those drivers that determine the total cost? As a seller, what factors in the market affect your property right now? That and

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56:37

186. The Rise of the Self Storage Industry w/ Steve...

Self Storage Income ·

2022/12/21

Self Storage hasn’t always been the real estate class that we all know today. It’s one of the youngest and was originally developed under drastically different circumstances. Cities often approved storage to gain an income producing property that didn’t stress the infrastructure by adding more traffic or population. Understanding the key changes from how storage started and how it got to where it is today will shed some light into what exactly affects the demand, markets, and revenue. What

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76:52

185. Buying your First Self Storage Facility: Do's...

Self Storage Income ·

2022/12/13

Starting out in Self Storage can seem scary and complicated. Even if you've studied the topic and the math, nothing beats experience in the industry and knowing what metrics to achieve and what pitfalls to avoid. Ben Kall is a real estate agent and broker out of Minnesota. He's dealt in multi-family, triple net lease (NNN), and now Self Storage. His first investment (outside his first home) was a $1.5 million facility. We've invited him on to share some of his experiences just starting out,

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43:41

184. Occupancy Down...but Revenue Up? | The Truth...

Self Storage Income ·

2022/12/07

In the last 6 months, the Self Storage market has shifted. We've discussed this before, but in today's episode, AJ and Conner discuss how this affects occupancy and revenue. Namely, how can you increase your revenue despite the market conditions driving occupancy down? AJ and Conner are fresh off of an internal meeting where they reviewed a market he currently owns more square footage than the REITs in that area. So for this episode, he pulls information from his accounting and underwriting

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53:27

183. Nailing your First Self Storage Deal w/ Cameron...

Self Storage Income ·

2022/11/29

Starting out in Self Storage is no easy feat. We talk all the time about the finances and the underwriting and all the “prep work” that needs to be done before you attempt to acquire a facility. But now, you’ve done that, or maybe you aren’t in a position to wait any longer. You have to start looking for that first facility deal. In this episode, we hear from Cameron, who went from loads of debt and 0 facilities, to over $30 million property valuations in just 2 years. When I met him, he

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42:27

182. Investing with Others | Raising Capital with...

Self Storage Income ·

2022/11/22

Raising capital today is more uncertain than ever. Funding deals for any real estate investment has more implications than it did just a year ago. Syndications have numerous pros and cons between the sponsors, the people putting the deals together, and the investor, the people bringing the capital to the deal, who are typically accredited investors. What if you aren’t accredited? Can you still invest without meeting the legal requirements? What is your cost of capital? control that the

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58:42

181. The Beauty (& Horror) of Remote Management - Can...

Self Storage Income ·

2022/11/16

One of the great benefits of a Self Storage facility is its low maintenance costs. Sometimes, it may be in an operator’s best interest to fully automate a facility by making it unmanned, which can help increase customer satisfaction through online systems, and cut down costs associated with staffing. However, it’s not as easy as it sounds. If a customer has questions, how would they reach someone? How do you handle payments? Defaults? If a facility is broken into, how would you know? And

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49:19

180. Taking Advantage of Taxes in Self Storage |...

Self Storage Income ·

2022/11/09

Welcome back to Self Storage Income! Today we're answering some of our most asked questions about TAX. Specifically, how does self storage benefit from the US Tax Code? We've invited Yonah Weiss back on the podcast for this episode. He is a cost segregation expert and has saved millions of dollars in taxes for his investors. The last time he was on, we focused on his backstory and cost segregation specifically (you should check out episode #77 from Dec. 2020). But today, we talk with him

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53:54

179. Automating Storage Facilities using Tech w/...

Self Storage Income ·

2022/11/01

Self storage is known for its low maintenance costs and relatively low upkeep compared to other real estate types. However, offering certain features to customers, such as convenience, privacy, and improved customer service, can help you stand out amongst your competitors. Today, we're talking with Hayden Buettner from Janus international. They pioneered the NoKe automated locking system that we use on our facilities. We talk to him about how the advancement in technology, which used to be

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40:57

178. Understanding Market Demand & Navigating Risk in...

Self Storage Income ·

2022/10/26

Storage is incredibly localized. Generally, these 3-5 mile zones are what is considered a standard market radius. This means that storage can perform amazingly even when the economy is hurting. But the opposite is true: the market can be doing great and your facility could be failing. How you execute and react to changing market conditions matter more and more. The market is no longer in the place where being in the market automatically yielded high returns. Consumers and investors are both

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41:35

177. How to Land Your Next Deal, Seller Financing, &...

Self Storage Income ·

2022/10/18

The deals are coming back, but the economy is shifting rapidly.How do you find and land a self storage deal during a time of uncertainty? The ability to execute and find good deals is coming back (we discussed this in the lastepisode). Now is the time to buy. And buyers and sellers are both facing massive industry changes in deal flow.Deal flow is increasing, and this affects prices, margin, contracts, and how brokers approach closing these deals. We're taking you through the experience of

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36:18

176. Interest Rates Soar - Now is the Time to Buy

Self Storage Income ·

2022/10/11

As the economy continues to decline: is now a good time to buy self storage deals? What happens when the government "protects" people and business from the effects of an economic contraction (or an all-out shutdown)? The Federal Reserve raised rates AGAIN and they are scheduled to continue to raise rates until inflation is halted or reduced back to a normal level. THIS is the time to buy. Grab my audiobook Growing Wealth in Self Storage for

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65:31

175. Starting Out with Small Facilities - The...

Self Storage Income ·

2022/10/04

Starting out in Self Storage is no easy feat. And one of the biggest factors to consider is, which market do I want to be in? And will that market be profitable with the size of facility I'm looking at? With the Fed hiking interest rates to fight high inflation,the marketis changing at an incredible rate. Buying a facility is no longer the "guaranteed" return on investment it has been in recent years. What are the large REITs doing in response to the changes? In this episode, we invited

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80:42

174. Raising Money from INVESTORS - Set Expectations...

Self Storage Income ·

2022/09/27

Puttingmoney into an investment dealcan seem daunting - for both the investor and the sponsor.Funding a deal with private equity from investors can be extremely powerful, but it matters what happens to their money! It matters how contracts, problems, and returns are communicated and structured. In this episode, we get to hear from Caley Acevez, who is the Director of Investor Relations here at Cedar Creek Capital. Caley's been with us since the beginning of AJ accepting investors to work

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50:44

173. How Financing has Changed in Self Storage w/...

Self Storage Income ·

2022/09/20

Welcome back my fellow self storage investing nerds! (yes I meant every word of that lol). This is your host, AJ Osborne and man do I have an episode lined up for you guys today… Money. Investing requires money, and a lot of it. That’s honestly probably one of the most common questions I get – how do I get the money, find the money, or raise the money enough to be able to invest in self storage? Everyone wants to know where the money comes from and how that piece of the puzzle fits in the

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54:26

172. Capturing Leads for Self Storage Deals |...

Self Storage Income ·

2022/09/14

Finding a good self storage deal is not as simple as calling up an owner and pitching a price. What does it involve? Brian Mullally is the VP of Acquisitions for Cedar Creek. He's found and helped us acquired numerous deals back from when we first started building our processes, to now, when we are constantly raising capital for deals rolling in. In this episode, he talks with us on his experiences in the game and some of the common downfalls to avoid. You'll want to stick around for an

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327 results

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