REI077: Masterclass on Self-Storage w/ Nick Huber

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IN THIS EPISODE, YOU’LL LEARN:

  • 4:56 - What self-storage is and why choose to invest in it
  • 5:31 - If self-storage is an asset class that is realistically doable for new investors
  • 7:13 - How financing works on a self-storage facility (i.e. typical down payment requirements, loan terms, etc.)
  • 10:57 - How Nick found and funded his first deal property
  • 11: 44 - What to look for in a location when searching for a piece of land to build on
  • 12:58 - How important location is for self-storage
  • 14:45 - Who self-storage investing is right for and who it is NOT right for
  • 28:08 - What the costs are to acquire the land, do the construction, and run a storage facility
  • 25:15 - How to estimate what to charge for rent when it comes to self-storage revenue
  • 28:45 - What reserves to set aside for a self-storage facility and how to estimate those items in a deal analysis
  • 36:13 - What return metrics one should focus on and what a satisfactory number is for those metrics
  • 40:57 - How to perceive the competition in self-storage and what to do in order to win in a competitive asset class
  • 45:52 - Whether it’s best to focus on one thing or one strategy versus working on many things at once
  • 47:48 - What impact growing a large social media following has on a business
  • 53:10 - What is required to be a successful entrepreneur if smarts isn’t a necessity
  • And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

EPISODE RESOURCES

Read this episode’s transcript and full show notes on our website.

Connect with Nick: Website | Twitter

Connect with Robert: Twitter | Instagram

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