*"They optimized **_for less work._** Not really optimizing **_for revenue."_* *THIS is such a critical distinction most wannabe entrepreneurs ignore BEFORE launching a business. (Especially Millennials and Gen-Zers: your "App" is not a proxy for capital improvements; adequate cash flow; being regularly available; and, working. **_Hard.)_*
Tenant inc. has a great website builder and software specifically for self storage! It's called Hummingbird. As for call answering, Unfortunately, I do not have a specific choice.
You can kill as many birds as you want 😂 Another good video man. Keep it up! I appreciate how positive you are. Makes me step back and look at the bigger picture, slow and steady wins the race. Everyday is hard to go to work when you hate it. Hope to make this full time or at least get me enough revenue I can do something else but punch a clock at a spot I hate.
We do! I have a great team that can help consult on due diligence, feasibility studies and a lot more. You can check it out here www.selfstorageincome.com/services
Hey man! Thanks for all of this info. I'm actually going to your event this Monday (May 6th) in Denver. I can't wait! I've got a quick questions, I don't now much about self storage and I'm just trying to soak it all in like a sponge. What do you personally see about the self storage real estate in Colorado? You are awesome!
Hey @victoriahartcorn2731 - Thanks for your excitement about the event! We own two facilities in Colorado, and I believe the market here offers promising opportunities for investment and growth. Looking forward to discussing more at the event on Monday! 🙌
@@SelfStorageIncome Thanks for your reply. Also, this is Victoria husband (Kyle). I was the one that asked that question. Looking forward to the event, AJ!
That's so exciting! We do consult in some of the building and purchasing process. If you reach out at info@selfstorageincome.com someone from my team can see exactly what you need more help with and if it's something we can assist with!
Hey there! This isn't the exact screen but a similar version! Both from DELL www.dell.com/en-us/shop/dell-55-4k-interactive-touch-monitor-p5524qt/apd/210-bjzf/monitors-monitor-accessories
I have noticed that the storage facility prices to rent rise and fall across all storage facilities at the exact same same time...entirely different companies...how does that happen?
If it's street rates (what you can se online) then they are rising and falling in comparison to each other, kind of like gas prices. If they are in the same area they will price similar to each other and likely have some kind of price alert for their competitors.
We do! Renters need to provide proof of insurance or we allow them to easily add insurance through us. It's convenient for them at check out and good for us.
We have absolutely had this issue. We try to just be diligent with security and our daily facility walk throughs but even at our rural facilities it happens. We wish we could help people and never like kicking someone out but that's a major liability issue.
@@SelfStorageIncome Actually we are a self storage vendor - sell paint, door hardware and the like to self-storage and I noticed one of your videos and spend a few minutes looking through it. I personally don't get to see the operations end of things usually- though the owner has been around the service, paint and hardware for many years- so I found it interesting to look at the other side. :)
Hey do these company need marketing to fill out their occupancy. Once it's filled how long will it take to vacancy. Iam a market research student gathering data from people kindly help me 😅
Someone really sold this to you at a 10% cap rate ($250k NOI / $2.5mm PP) WITH lots of potential upside on top of that? Those opportunities don’t exist anywhere in my markets.
We're being genuine here, it happens and we are also in a moderately rural area that is quickly growing. The deals are becoming harder to find but they're out there!
Make up your mind please! at the beginning you said you paid 2.5m cause you felt it was a great deal. 5 minutes later you say you felt 2.5m was too much... which is it?
As I explain around at 5:00 minute mark… It was a great deal because of its potential that it had. There was up side through the operations as well as through add ons. Because we felt that it was a great deal because of the potential we were ok paying a little more then it was worth at the time. Both are true.
I really wish this was about a storage unit complex your average man could purchase. If I had $2 million dollars I would retire not buy a storage unit lol
![How Much Money Do You Need to Get Started in Self Storage? [Your First Facility]](http://i.ytimg.com/vi/Ma1zSDJzTYY/mqdefault.jpg)
finally someone that isnt trying to sell a course and actually tells the truth and gives us the run around. Best channel ive seen on this,
Thank you so much! We genuinely try.
The best self-storage channel on UA-cam by far. Can't believe you don't have a million+ subscribers. Please keep the content coming!
Hey thank you so much! That means a lot to me and my team!
He doesn’t have a million subscribers because not everyone is into self storage investing. He is pretty amazing though!😀
Look forward to your course
Great Breakdown 🏆
*"They optimized **_for less work._** Not really optimizing **_for revenue."_*
*THIS is such a critical distinction most wannabe entrepreneurs ignore BEFORE launching a business. (Especially Millennials and Gen-Zers: your "App" is not a proxy for capital improvements; adequate cash flow; being regularly available; and, working. **_Hard.)_*
I like your videos. What company do you used or would you recommend to manage the call answering and unit rental?
Tenant inc. has a great website builder and software specifically for self storage! It's called Hummingbird. As for call answering, Unfortunately, I do not have a specific choice.
You can kill as many birds as you want 😂
Another good video man. Keep it up! I appreciate how positive you are. Makes me step back and look at the bigger picture, slow and steady wins the race.
Everyday is hard to go to work when you hate it. Hope to make this full time or at least get me enough revenue I can do something else but punch a clock at a spot I hate.
Great information
Glad you liked it!
Do you help others with pre- buy (due diligence) for the buyer including turn around if acquired
We do! I have a great team that can help consult on due diligence, feasibility studies and a lot more. You can check it out here www.selfstorageincome.com/services
Hey man! Thanks for all of this info. I'm actually going to your event this Monday (May 6th) in Denver. I can't wait! I've got a quick questions, I don't now much about self storage and I'm just trying to soak it all in like a sponge. What do you personally see about the self storage real estate in Colorado? You are awesome!
Hey @victoriahartcorn2731 - Thanks for your excitement about the event! We own two facilities in Colorado, and I believe the market here offers promising opportunities for investment and growth. Looking forward to discussing more at the event on Monday! 🙌
@@SelfStorageIncome Thanks for your reply. Also, this is Victoria husband (Kyle). I was the one that asked that question. Looking forward to the event, AJ!
@@SelfStorageIncome Also, I'm curious, where in Colorado are you facilities?
Will be building my 1st units soon ! So are you also a consultant that can be hired ?
That's so exciting! We do consult in some of the building and purchasing process. If you reach out at info@selfstorageincome.com someone from my team can see exactly what you need more help with and if it's something we can assist with!
What type of screen are you using? Please let me know! Thanks
Hey there! This isn't the exact screen but a similar version! Both from DELL www.dell.com/en-us/shop/dell-55-4k-interactive-touch-monitor-p5524qt/apd/210-bjzf/monitors-monitor-accessories
I have noticed that the storage facility prices to rent rise and fall across all storage facilities at the exact same same time...entirely different companies...how does that happen?
If it's street rates (what you can se online) then they are rising and falling in comparison to each other, kind of like gas prices. If they are in the same area they will price similar to each other and likely have some kind of price alert for their competitors.
do you go in and see if they have like protection plans or tenant insurance required as part of where you can add to revenue?
We do! Renters need to provide proof of insurance or we allow them to easily add insurance through us. It's convenient for them at check out and good for us.
Hey A.J. what software do you use for your storage facilities to give you data like that?
We use Tenant inc.! They have great software that helps us run all of our facilities.
Have anyone trying to live in your units? That’s been a serious problem at some urban locations.
We have absolutely had this issue. We try to just be diligent with security and our daily facility walk throughs but even at our rural facilities it happens. We wish we could help people and never like kicking someone out but that's a major liability issue.
Great video and discussion. 👍👍
Hey @Allfrom1supply - Glad you found it helpful! What subjects are you interested in for our next video content?
@@SelfStorageIncome Actually we are a self storage vendor - sell paint, door hardware and the like to self-storage and I noticed one of your videos and spend a few minutes looking through it. I personally don't get to see the operations end of things usually- though the owner has been around the service, paint and hardware for many years- so I found it interesting to look at the other side. :)
Great video 👍
Glad you enjoyed it
Hey do these company need marketing to fill out their occupancy. Once it's filled how long will it take to vacancy. Iam a market research student gathering data from people kindly help me 😅
HI there! having good SEO, an easy to use website and good signage is KEY!
Someone really sold this to you at a 10% cap rate ($250k NOI / $2.5mm PP) WITH lots of potential upside on top of that? Those opportunities don’t exist anywhere in my markets.
We're being genuine here, it happens and we are also in a moderately rural area that is quickly growing. The deals are becoming harder to find but they're out there!
Make up your mind please! at the beginning you said you paid 2.5m cause you felt it was a great deal. 5 minutes later you say you felt 2.5m was too much... which is it?
As I explain around at 5:00 minute mark…
It was a great deal because of its potential that it had. There was up side through the operations as well as through add ons. Because we felt that it was a great deal because of the potential we were ok paying a little more then it was worth at the time.
Both are true.
Do you know what the market is like in Australia?
I really wish this was about a storage unit complex your average man could purchase. If I had $2 million dollars I would retire not buy a storage unit lol
You don’t need 2 million dollars in cash. If you have a decent down payment and a solid business plan, you’ll likely qualify for a loan.
Unless you already have millions you can’t buy this product! Stop slinging your bull
What you don't have an extra 800 thousand laying around for a down payment. Come on