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 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

Get more FREE content from Robert Get a FREE audiobook from Audible Nick Huber’s The Sweaty Startup Podcast  Ramit Sethi’s book I Will Teach You To Be Rich Scott Trench’s book Set for Life Pat Flynn’s book Will It Fly? All of Robert’s favorite books Support our free podcast by supporting our sponsors Save with a credit union that helps you build financial confidence with Navy Federal Credit Union Learn from people who are doing things doing things 100% with Marcus Lemonis. One Hundred Percent with Marcus Lemonis is available on Apple Podcasts, Amazon Music, or wherever you get your podcasts Switch to Mint Mobile and get premium wireless service, starting at JUST $15 bucks a month, and get the plan shipped to your door for FREE Start managing and scaling your rental properties without scaling costs with RentRedi. get RentRedi’s annual plan for only $54 when you use our special code ROB Access conference calls, investor presentations, transcripts and earnings reports as frictionless as possible with Quartr Experience Manscaped’s new Lawnmower 4.0 - the ultimate trimmer that provides intelligent functionality and incredibly comfortable grooming experience! Get 20% OFF and free shipping with the code MI

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