REI077: Masterclass on Self-Storage w/ Nick Huber

IN THIS EPISODE, YOU’LL LEARN:

4:56 - What self-storage is and why choose to invest in it5:31 - If self-storage is an asset class that is realistically doable for new investors7:13 - 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 property11: 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 for28:08 - 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 analysis36:13 - What return metrics one should focus on and what a satisfactory number is for those metrics40:57 - How to perceive the competition in self-storage and what to do in order to win in a competitive asset class45:52 - Whether it’s best to focus on one thing or one strategy versus working on many things at once47:48 - 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 necessityAnd much, much more!

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

EPISODE RESOURCES

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

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