How to Find Off-Market Self Storage Deals in ANY Market

In this episode, we’re diving into how to find off-market self storage deals.
We’ll share the five-step guide AJ uses to find self storage deals in 2024 and show YOU how to copy it so you can get your next home run off-market self storage deal. If you’re waiting for your first or next self storage facility, this is EXACTLY where to start!
You’ve heard us talk about buying and managing self storage facilities, but where do we even find the ones we want to buy? Unlike rental properties, there isn’t some mass listing site that shows every self storage facility for sale (although many companies have tried). Most self storage deals are done off-market or pre-listing through a broker, meaning that you never even have the chance to see the deals getting done.
If you want to learn the expert secrets on how we’re finding self storage deals in today’s highly competitive market, bring a pad and some paper and copy our strategy.
_______
Subscribe for market updates, tips, and more!
Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - www.tenantinc.com/
📌 Ready to buy storage? Have your deals personally evaluated by AJ and our team! www.selfstorageincome.com/fea...
📉 Take advantage of today’s market conditions and invest with us:
cedar.cc/invest
_______
00:00 Intro
01:24 1. Define Your "Buy Box"
07:01 Look for Geographic "Opportunities"
09:48 2. Identify Growing Markets
10:57 3. Rank the Markets
12:04 4. List the Facilities
12:44 5. Rank the Facilities
17:18 Go Get the Deal!
20:27 Get Deals Sent to YOU
29:38 How Long Does it Take?

[@NickWood-323]

This was great! Being a new investor it really affirmed that I’m on the right path. I got my first deal in December and not even knowing I was going thru the right steps to get there.

[@buildingAbiz]

This is gold thank you ❤

[@grantwortman]

I just heard AJ teach this at the Better Life REI Summit and wanted to hear it again. Such a great strategy. Thanks AJ

[@markicrosby]

So the fifth step, ranking the facilities, compared best and worse locations and management. How do you quickly determine how well a facility is being managed for a comparative list without getting details of that facility? Since making this list is done from afar to then determine which ones you want to look more into, I’m confused about how you determine step 5 ranking. Thanks for clarification. Awesome video

[@HoustonCashHomebuyer]

Yes how are you determining upside especially when it comes to management prior to getting financials for the property?

[@victoriahartcorn2731]

This is great info. Question, how did you find out that the property was being managed poorly?

[@SelfStorageIncome]

Hey @victoriahartcorn2731 - Thanks for the comment! Identifying poorly managed properties often involves observing indicators like the absence of a website, outdated signage, and through conversations with the owner to understand their operational approach. These factors help us assess potential opportunities for improvement and investment.

[@victoriahartcorn2731]

@@SelfStorageIncome That makes sense. Thanks for that.