-
Self Storage in 2023: STILL WORTH BUYING?
Interest rates are sky-high, occupancies are dropping, rates are tanking - is Self Storage in trouble? If so, why or why not?
So what will self storage do in 2023? Will it crash? Will it continue to flourish as it has in recent years?
As the market changes, we have to shift our strategy to stay relevant and be able to take advantage of new opportunities. Since no one can predict what the market will do, I had to learn the hard way that you can't be prepared for every scenario. BUT, over the years, I've developed strategies, techniques, and procedures to prepare for the unexpected.
Let's go over some of these strategies as well as answer some of your questions directly!
Deeper dive on Occupancy and how it affects storage:
https://youtu.be/FHqKqK3xvcM
Understand the bubble & what's...
published: 22 Feb 2023
-
How Self Storage Thrives Off The American Dream
Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.
Self-service storage is an American phenomenon. While self-storage facilities exist in Europe and Asia, the business overseas does not come close to the scale and demand in the United States over the past decade. Self-storage is a direct monetization of American overconsumption so any bet on the industry is a bet that Americans will keep buying so much stuff that they’ll always need to rent extra space to store it.
In a time where the economy is contracting, institutional and retail investors are looking for defensive businesses that deal in essentials. Self storage companies have become attractive as stable, recession-proof, operationally lean lean real estate businesses...
published: 09 Jan 2023
-
How profitable is a self storage facility?
Nick shares everything he knows about storage across his media channels and on his newsletter:
https://sweatystartup.ck.page/
In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is.
This property is unmanned, meaning that you rent it online, get a gate code and directions to your unit, and a free lock is waiting for you. Quick, easy, with little or no interaction needed, which means we can operate it from anywhere in the country.
The property has 66 units of varying sizes, and has 11,000 sq feet of storage space. It was listed for $515,000 and they ...
published: 15 Jun 2020
-
Constructing a New Self Storage Facility from the Ground Up - Interview w/ Charlie Kao
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=category&utm_content=te8cvHntVXQ
Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=te8cvHntVXQ
I recently met with Charlie Kao of Twin Oaks Capital to tour a new 52,000-square-foot storage facility he is building in Newaygo, MI.
Charlie is a storage investor with years of experience working with many different projects. In this conversation, he dishes out valuable knowledge and insights from his years in the business.
Whether you're new to the storage business or a time-tested veteran, there are probably at least a few things you'll learn from this conversation!
0:00 - Intr...
published: 31 Aug 2022
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Self Storage - A guide to storage in the UK by the Safestore staff
Self Storage - A guide to storage in the UK by Safestore staff. Safestore is the UK's No.1 self storage company for choice in London & the UK. With over 120 locations nationwide offering secure and cost effective self storage for household and business users.
To find out more, drop in to any of our Safestore self storage centres, give us a call on 0800 444 800 or visit http://www.safestore.co.uk. Our friendly Safestore team are all trained to give practical, helpful advice on how best to make use of your space. So come on, free up some space and Safestore the things you love.
Safestore on Facebook - https://www.facebook.com/safestore
Safestore on Twitter - https://twitter.com/SafestoreLtd
published: 24 Feb 2014
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LOC&STOR 24/7. What is self-storage?
Need extra space? Loc&Stor 24/7 brings to Manila a world class self-storage facility to help you reclaim space in your home, or in your office. Store items you don't need immediately in our secure, convenient and professionally run facility. Know more about us-- www.locnstor247.com
published: 06 Aug 2015
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How a Self Storage Facility CONVERSION Works (Full Tour!)
Blog Post: https://retipster.com/self-storage-conversion/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=ynvkJ0V1ZnE
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
Join Our Community: https://retipster.com/follow/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
00:00 - Tyler’s Self Storage - How did he do it?
02:05 - How did you decide on the unit mix?
03:22 - Why not just have different doors directly into the units?
04:15 - What is a climate-controlled storage facility?
04:50 - How to enter the facility with simplified management and control?
06:36 - Who helped you to set up the security system?
08:50 - How much ...
published: 31 May 2019
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5 BEST STORAGE SPACES FOR SELF STORAGE IN SINGAPORE 2024
5 BEST STORAGE SPACES FOR SELF-STORAGE IN SINGAPORE 2024
Are you running out of space at home or in your office? Self-storage may be the solution you need! We've put together a specially curated list of the 5 Best Storage Spaces for Self-Storage in Singapore for 2023. Each of these storage spaces offers a unique environment and a wide range of storage options to cater to different needs and preferences.
https://www.thebestsingapore.com/services/best-storage-spaces-for-self-storage-in-singapore/
From climate-controlled storage to 24-hour access, these storage spaces have got you covered. Plus, their experienced staff will guide you through the process and help you find the perfect storage unit for your needs. Finding the right self-storage space can make a huge difference in your life, s...
published: 11 Apr 2023
12:18
Self Storage in 2023: STILL WORTH BUYING?
Interest rates are sky-high, occupancies are dropping, rates are tanking - is Self Storage in trouble? If so, why or why not?
So what will self storage do in ...
Interest rates are sky-high, occupancies are dropping, rates are tanking - is Self Storage in trouble? If so, why or why not?
So what will self storage do in 2023? Will it crash? Will it continue to flourish as it has in recent years?
As the market changes, we have to shift our strategy to stay relevant and be able to take advantage of new opportunities. Since no one can predict what the market will do, I had to learn the hard way that you can't be prepared for every scenario. BUT, over the years, I've developed strategies, techniques, and procedures to prepare for the unexpected.
Let's go over some of these strategies as well as answer some of your questions directly!
Deeper dive on Occupancy and how it affects storage:
https://youtu.be/FHqKqK3xvcM
Understand the bubble & what's happening right now:
https://youtu.be/Sm0pZsLkxoo
CHAPTERS
------------
0:01 Will it crash in 2023?
0:48 The Slow Season
1:43 Why has it changed?
4:43 Effects of the Housing Market
5:52 The Secret Sauce Formula
8:13 What Determines a Market?
10:06 My Strategy for 2023
_______
Follow me for daily market updates, tips, and more!
IG: https://www.instagram.com/ajosborne/?hl=en
Twitter: https://twitter.com/AjOsborne1
TikTok: https://vm.tiktok.com/ZTdVshbpm/
_______
Get a copy of my best selling book "The Investors Guide to Growing Wealth in Self Storage"
https://www.selfstorageincome.com/
Invest with me:
https://cedarcreekwealth.com/
Success doesn’t happen on an island, which is why I’ve launched the Real Estate Investment Circle. Join our community filled with resources and investing opportunities!
https://www.thecrecircle.com
Our Podcast:
Apple Podcasts - https://podcasts.apple.com/us/podcast/id1482663918
Spotify - https://open.spotify.com/show/4cq4CfjFYknagGeca24g7f
Stitcher - https://www.stitcher.com/podcast/self-storage-income
https://wn.com/Self_Storage_In_2023_Still_Worth_Buying
Interest rates are sky-high, occupancies are dropping, rates are tanking - is Self Storage in trouble? If so, why or why not?
So what will self storage do in 2023? Will it crash? Will it continue to flourish as it has in recent years?
As the market changes, we have to shift our strategy to stay relevant and be able to take advantage of new opportunities. Since no one can predict what the market will do, I had to learn the hard way that you can't be prepared for every scenario. BUT, over the years, I've developed strategies, techniques, and procedures to prepare for the unexpected.
Let's go over some of these strategies as well as answer some of your questions directly!
Deeper dive on Occupancy and how it affects storage:
https://youtu.be/FHqKqK3xvcM
Understand the bubble & what's happening right now:
https://youtu.be/Sm0pZsLkxoo
CHAPTERS
------------
0:01 Will it crash in 2023?
0:48 The Slow Season
1:43 Why has it changed?
4:43 Effects of the Housing Market
5:52 The Secret Sauce Formula
8:13 What Determines a Market?
10:06 My Strategy for 2023
_______
Follow me for daily market updates, tips, and more!
IG: https://www.instagram.com/ajosborne/?hl=en
Twitter: https://twitter.com/AjOsborne1
TikTok: https://vm.tiktok.com/ZTdVshbpm/
_______
Get a copy of my best selling book "The Investors Guide to Growing Wealth in Self Storage"
https://www.selfstorageincome.com/
Invest with me:
https://cedarcreekwealth.com/
Success doesn’t happen on an island, which is why I’ve launched the Real Estate Investment Circle. Join our community filled with resources and investing opportunities!
https://www.thecrecircle.com
Our Podcast:
Apple Podcasts - https://podcasts.apple.com/us/podcast/id1482663918
Spotify - https://open.spotify.com/show/4cq4CfjFYknagGeca24g7f
Stitcher - https://www.stitcher.com/podcast/self-storage-income
- published: 22 Feb 2023
- views: 8357
34:25
How Self Storage Thrives Off The American Dream
Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.
Self-service storage is an American phenomenon....
Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.
Self-service storage is an American phenomenon. While self-storage facilities exist in Europe and Asia, the business overseas does not come close to the scale and demand in the United States over the past decade. Self-storage is a direct monetization of American overconsumption so any bet on the industry is a bet that Americans will keep buying so much stuff that they’ll always need to rent extra space to store it.
In a time where the economy is contracting, institutional and retail investors are looking for defensive businesses that deal in essentials. Self storage companies have become attractive as stable, recession-proof, operationally lean lean real estate businesses where cash flows in every month, overhead is minimal, and the customers literally do all the heavy lifting themselves.
In this episode, we’ll cover the business of self storage, how the industry’s success rides on the death of the American Dream, how it all relates to skyrocketing home prices, wages stagnation, inflation - and how one company has remained the uncontested industry leader since the 1990’s.
💬 Join the Modern MBA community - https://www.reddit.com/r/modernmba/
☕️ Support Modern MBA on Patreon and unlock bonuses like additional content, exclusive essays, and regular Q&A: https://patreon.com/modernmba
🎧 Audio Editing & Mixing: Sonalf
0:00 More Space for Life
8:06 The American Dream
11:55 Supply-Side Economics
15:58 Sponsor Intro
17:42 Sponsor Break
19:07 Leader in Fragmentation
23:40 A Lean Real Estate Startup
28:04 Big City Money
https://wn.com/How_Self_Storage_Thrives_Off_The_American_Dream
Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.
Self-service storage is an American phenomenon. While self-storage facilities exist in Europe and Asia, the business overseas does not come close to the scale and demand in the United States over the past decade. Self-storage is a direct monetization of American overconsumption so any bet on the industry is a bet that Americans will keep buying so much stuff that they’ll always need to rent extra space to store it.
In a time where the economy is contracting, institutional and retail investors are looking for defensive businesses that deal in essentials. Self storage companies have become attractive as stable, recession-proof, operationally lean lean real estate businesses where cash flows in every month, overhead is minimal, and the customers literally do all the heavy lifting themselves.
In this episode, we’ll cover the business of self storage, how the industry’s success rides on the death of the American Dream, how it all relates to skyrocketing home prices, wages stagnation, inflation - and how one company has remained the uncontested industry leader since the 1990’s.
💬 Join the Modern MBA community - https://www.reddit.com/r/modernmba/
☕️ Support Modern MBA on Patreon and unlock bonuses like additional content, exclusive essays, and regular Q&A: https://patreon.com/modernmba
🎧 Audio Editing & Mixing: Sonalf
0:00 More Space for Life
8:06 The American Dream
11:55 Supply-Side Economics
15:58 Sponsor Intro
17:42 Sponsor Break
19:07 Leader in Fragmentation
23:40 A Lean Real Estate Startup
28:04 Big City Money
- published: 09 Jan 2023
- views: 1152216
10:56
How profitable is a self storage facility?
Nick shares everything he knows about storage across his media channels and on his newsletter:
https://sweatystartup.ck.page/
In today’s episode, Nick talks a...
Nick shares everything he knows about storage across his media channels and on his newsletter:
https://sweatystartup.ck.page/
In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is.
This property is unmanned, meaning that you rent it online, get a gate code and directions to your unit, and a free lock is waiting for you. Quick, easy, with little or no interaction needed, which means we can operate it from anywhere in the country.
The property has 66 units of varying sizes, and has 11,000 sq feet of storage space. It was listed for $515,000 and they put in an offer $440,000. It was declined. Nick and his partner waited about a month, and put in another offer for $472,000. This time the offer was accepted. At the time, the property was 80% full, generating roughly $6,000 a month in revenue.
For a breakdown of the numbers:
• $482,000 - Total price of buying the property included closing costs of about $10,000.
• +$7,500/month – Monthly revenue after raising rent by 20%, still staying under market rent.
• -$10,000/year - Property taxes
• -$200/month - Utilities
• -$100/month - Software
• -$200/month - Bookkeeping/accounting
• -$250/month - Maintenance, not including any work that Nick personally does at the units
• -$250/month - Marketing via Sparefoot, which is an aggregator that gets a cut anytime they bring Storage Squad a new customer.
All of that equals out to $90,000 a year in revenue and $22,000 a year in operating expenses. That leaves $68,000 a year in net operating income. To get a good idea for the value of the property, Nick uses Unlevered Yield, a metric that measures the percentage of the projected first year income ($68k) into the amount paid for the property ($482k) if it were paid in cas. In this case, they are projected to hit a 14.1% unlevered yield, which is a GREAT number.
However, they did acquire debt in this purchase. 80% of the purchase price ($385k) was leveraged, and the rest ($100k) was paid in cash. In addition to the operating expenses, they pay $1,400/month in interest, and $1,000/month in principal. This comes out to $16,800/year in interest, and $12,000/year in principal.
They did an 80/20 loan to cash percentage, with a 20-year note at 4.25% interest rate. The interest rate is on basically a 5-year adjusted rate mortgage, which mean the interest rate will change at the 5-year mark. Nick’s hope, however, is to get more customers and raise the rent to market value to increase the value of the property to around $800-900k. Their goal is to refinance it and pull out more debt on the property in order to go out and buy more storage facilities.
If you look at the Levered Yield, which makes the interest of the loan as an additional expense, you get $51,000 a year in income versus the $68,000. Calculating it this way shows the income as either cash coming in or money paying toward the property in principal, and money going toward the interest another expense. Looking at it this way, with a $100,000 investment, they are making $51,000 a year that goes toward paying off the loan and income for the business.
When you look at real estate, the most important metric is your cash on cash return. For this particular property, after expenses, interest, and principal for the loan, there is $39,000 cash left in the account for Nick and his partner. That makes this investment a 39% cash on cash return, and THAT is why Nick and his partner bought it, and will continue to buy more self-storage facilities.
For this small property, Nick visits it about every 3 months. They have about 2 cars come to the facility every day. All rentals are online and 89% of customers are on recurring payments. The customers are HAPPY because the prices are lower than every other storage facility, and the customer service is convenient and rarely needed. Nick’s end goal is for his partner and himself to own as many properties like this as possible, earning income with very little expenses, time, and energy going into them.
Check my 2nd show (The Nick Huber Show):
Apple podcasts: https://apple.co/3r9O5BW
Spotify: https://spoti.fi/2Ta5IoC
Check episode 1: https://www.youtube.com/watch?v=3dZ-XTWViBY&t=2s
We have Real Estate community:
Join now: https://sweatystartup.com/rec/
https://wn.com/How_Profitable_Is_A_Self_Storage_Facility
Nick shares everything he knows about storage across his media channels and on his newsletter:
https://sweatystartup.ck.page/
In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is.
This property is unmanned, meaning that you rent it online, get a gate code and directions to your unit, and a free lock is waiting for you. Quick, easy, with little or no interaction needed, which means we can operate it from anywhere in the country.
The property has 66 units of varying sizes, and has 11,000 sq feet of storage space. It was listed for $515,000 and they put in an offer $440,000. It was declined. Nick and his partner waited about a month, and put in another offer for $472,000. This time the offer was accepted. At the time, the property was 80% full, generating roughly $6,000 a month in revenue.
For a breakdown of the numbers:
• $482,000 - Total price of buying the property included closing costs of about $10,000.
• +$7,500/month – Monthly revenue after raising rent by 20%, still staying under market rent.
• -$10,000/year - Property taxes
• -$200/month - Utilities
• -$100/month - Software
• -$200/month - Bookkeeping/accounting
• -$250/month - Maintenance, not including any work that Nick personally does at the units
• -$250/month - Marketing via Sparefoot, which is an aggregator that gets a cut anytime they bring Storage Squad a new customer.
All of that equals out to $90,000 a year in revenue and $22,000 a year in operating expenses. That leaves $68,000 a year in net operating income. To get a good idea for the value of the property, Nick uses Unlevered Yield, a metric that measures the percentage of the projected first year income ($68k) into the amount paid for the property ($482k) if it were paid in cas. In this case, they are projected to hit a 14.1% unlevered yield, which is a GREAT number.
However, they did acquire debt in this purchase. 80% of the purchase price ($385k) was leveraged, and the rest ($100k) was paid in cash. In addition to the operating expenses, they pay $1,400/month in interest, and $1,000/month in principal. This comes out to $16,800/year in interest, and $12,000/year in principal.
They did an 80/20 loan to cash percentage, with a 20-year note at 4.25% interest rate. The interest rate is on basically a 5-year adjusted rate mortgage, which mean the interest rate will change at the 5-year mark. Nick’s hope, however, is to get more customers and raise the rent to market value to increase the value of the property to around $800-900k. Their goal is to refinance it and pull out more debt on the property in order to go out and buy more storage facilities.
If you look at the Levered Yield, which makes the interest of the loan as an additional expense, you get $51,000 a year in income versus the $68,000. Calculating it this way shows the income as either cash coming in or money paying toward the property in principal, and money going toward the interest another expense. Looking at it this way, with a $100,000 investment, they are making $51,000 a year that goes toward paying off the loan and income for the business.
When you look at real estate, the most important metric is your cash on cash return. For this particular property, after expenses, interest, and principal for the loan, there is $39,000 cash left in the account for Nick and his partner. That makes this investment a 39% cash on cash return, and THAT is why Nick and his partner bought it, and will continue to buy more self-storage facilities.
For this small property, Nick visits it about every 3 months. They have about 2 cars come to the facility every day. All rentals are online and 89% of customers are on recurring payments. The customers are HAPPY because the prices are lower than every other storage facility, and the customer service is convenient and rarely needed. Nick’s end goal is for his partner and himself to own as many properties like this as possible, earning income with very little expenses, time, and energy going into them.
Check my 2nd show (The Nick Huber Show):
Apple podcasts: https://apple.co/3r9O5BW
Spotify: https://spoti.fi/2Ta5IoC
Check episode 1: https://www.youtube.com/watch?v=3dZ-XTWViBY&t=2s
We have Real Estate community:
Join now: https://sweatystartup.com/rec/
- published: 15 Jun 2020
- views: 261158
1:05:54
Constructing a New Self Storage Facility from the Ground Up - Interview w/ Charlie Kao
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=category&utm_content=te...
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=category&utm_content=te8cvHntVXQ
Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=te8cvHntVXQ
I recently met with Charlie Kao of Twin Oaks Capital to tour a new 52,000-square-foot storage facility he is building in Newaygo, MI.
Charlie is a storage investor with years of experience working with many different projects. In this conversation, he dishes out valuable knowledge and insights from his years in the business.
Whether you're new to the storage business or a time-tested veteran, there are probably at least a few things you'll learn from this conversation!
0:00 - Intro
0:19 - How long have you been in the self-storage business?
1:12 - How did you find the storage facility you are building in Newaygo, Michigan?
2:33 - Did you have to rezone the land after you bought it?
3:30 - How did you determine there was enough demand in Newaygo to support a new facility?
5:38 - Did you order a feasibility study before you bought the land?
6:39 - What is your role on this project?
8:39 - What challenges and issues came up with drainage, and how to make it work?
14:43 - How do you determine the width of the drive lane, and why is it so important?
20:12 - Comparison between well-lit facility without a fence vs facility with a fence
23:31 - What company did you use for the buildings and the doors?
24:41 - What is your long-term plan with this self-storage facility?
25:25 - How do you manage construction costs during volatile times?
27:29 - Property Management: How do you handle it?
28:19 - How did you determine the number of units and the size of them?
30:20 - Charlie explains his Self-Storage Investing game
33:47 - Syndication vs DIY (Do it yourself) – What do you prefer?
35:26 - How many facilities have you worked with in your entire career?
38:03 - The benefits of Climate Controlled Storage
41:55 - Parking Management System
44:59 - At what point is it worth constructing a structure to store an RV?
48:07 - The biggest things you are missing out on while doing facility analysis
55:35 - Charlie shares his five-figure mistakes in this business
57:31 - The Boat & RV storage construction and development
58:35 - What date did construction begin and what is the project's estimated completion?
59:10 - How long did it take to plan for constructing a new self-storage facility?
1:01:33 - Is it important to work with a specific bank that understands the storage industry?
1:02:36 - SBA Loan vs Conventional Loan - Which is a better fit for you?
1:03:25 - SBA 504 vs 7(a) Loan Comparison
1:04:19 - Why would a storage deal fall apart?
https://wn.com/Constructing_A_New_Self_Storage_Facility_From_The_Ground_Up_Interview_W_Charlie_Kao
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=category&utm_content=te8cvHntVXQ
Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=te8cvHntVXQ
I recently met with Charlie Kao of Twin Oaks Capital to tour a new 52,000-square-foot storage facility he is building in Newaygo, MI.
Charlie is a storage investor with years of experience working with many different projects. In this conversation, he dishes out valuable knowledge and insights from his years in the business.
Whether you're new to the storage business or a time-tested veteran, there are probably at least a few things you'll learn from this conversation!
0:00 - Intro
0:19 - How long have you been in the self-storage business?
1:12 - How did you find the storage facility you are building in Newaygo, Michigan?
2:33 - Did you have to rezone the land after you bought it?
3:30 - How did you determine there was enough demand in Newaygo to support a new facility?
5:38 - Did you order a feasibility study before you bought the land?
6:39 - What is your role on this project?
8:39 - What challenges and issues came up with drainage, and how to make it work?
14:43 - How do you determine the width of the drive lane, and why is it so important?
20:12 - Comparison between well-lit facility without a fence vs facility with a fence
23:31 - What company did you use for the buildings and the doors?
24:41 - What is your long-term plan with this self-storage facility?
25:25 - How do you manage construction costs during volatile times?
27:29 - Property Management: How do you handle it?
28:19 - How did you determine the number of units and the size of them?
30:20 - Charlie explains his Self-Storage Investing game
33:47 - Syndication vs DIY (Do it yourself) – What do you prefer?
35:26 - How many facilities have you worked with in your entire career?
38:03 - The benefits of Climate Controlled Storage
41:55 - Parking Management System
44:59 - At what point is it worth constructing a structure to store an RV?
48:07 - The biggest things you are missing out on while doing facility analysis
55:35 - Charlie shares his five-figure mistakes in this business
57:31 - The Boat & RV storage construction and development
58:35 - What date did construction begin and what is the project's estimated completion?
59:10 - How long did it take to plan for constructing a new self-storage facility?
1:01:33 - Is it important to work with a specific bank that understands the storage industry?
1:02:36 - SBA Loan vs Conventional Loan - Which is a better fit for you?
1:03:25 - SBA 504 vs 7(a) Loan Comparison
1:04:19 - Why would a storage deal fall apart?
- published: 31 Aug 2022
- views: 67958
2:57
Self Storage - A guide to storage in the UK by the Safestore staff
Self Storage - A guide to storage in the UK by Safestore staff. Safestore is the UK's No.1 self storage company for choice in London & the UK. With over 120 loc...
Self Storage - A guide to storage in the UK by Safestore staff. Safestore is the UK's No.1 self storage company for choice in London & the UK. With over 120 locations nationwide offering secure and cost effective self storage for household and business users.
To find out more, drop in to any of our Safestore self storage centres, give us a call on 0800 444 800 or visit http://www.safestore.co.uk. Our friendly Safestore team are all trained to give practical, helpful advice on how best to make use of your space. So come on, free up some space and Safestore the things you love.
Safestore on Facebook - https://www.facebook.com/safestore
Safestore on Twitter - https://twitter.com/SafestoreLtd
https://wn.com/Self_Storage_A_Guide_To_Storage_In_The_UK_By_The_Safestore_Staff
Self Storage - A guide to storage in the UK by Safestore staff. Safestore is the UK's No.1 self storage company for choice in London & the UK. With over 120 locations nationwide offering secure and cost effective self storage for household and business users.
To find out more, drop in to any of our Safestore self storage centres, give us a call on 0800 444 800 or visit http://www.safestore.co.uk. Our friendly Safestore team are all trained to give practical, helpful advice on how best to make use of your space. So come on, free up some space and Safestore the things you love.
Safestore on Facebook - https://www.facebook.com/safestore
Safestore on Twitter - https://twitter.com/SafestoreLtd
- published: 24 Feb 2014
- views: 19700
5:57
LOC&STOR 24/7. What is self-storage?
Need extra space? Loc&Stor 24/7 brings to Manila a world class self-storage facility to help you reclaim space in your home, or in your office. Store items yo...
Need extra space? Loc&Stor 24/7 brings to Manila a world class self-storage facility to help you reclaim space in your home, or in your office. Store items you don't need immediately in our secure, convenient and professionally run facility. Know more about us-- www.locnstor247.com
https://wn.com/Loc_Stor_24_7._What_Is_Self_Storage
Need extra space? Loc&Stor 24/7 brings to Manila a world class self-storage facility to help you reclaim space in your home, or in your office. Store items you don't need immediately in our secure, convenient and professionally run facility. Know more about us-- www.locnstor247.com
- published: 06 Aug 2015
- views: 3825
26:48
How a Self Storage Facility CONVERSION Works (Full Tour!)
Blog Post: https://retipster.com/self-storage-conversion/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=ynvkJ0V1ZnE
Self Storage Investing ...
Blog Post: https://retipster.com/self-storage-conversion/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=ynvkJ0V1ZnE
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
Join Our Community: https://retipster.com/follow/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
00:00 - Tyler’s Self Storage - How did he do it?
02:05 - How did you decide on the unit mix?
03:22 - Why not just have different doors directly into the units?
04:15 - What is a climate-controlled storage facility?
04:50 - How to enter the facility with simplified management and control?
06:36 - Who helped you to set up the security system?
08:50 - How much did it cost to install all 78 units?
10:03 - How to set up efficiently climate-controlled units with Mini Splits
11:14 - How to determine how much should you charge for renting one unit?
12:28 - How do you convince somebody to come to your self-storage facility?
13:52 – What was Tyler’s goal with doing this?
14:34 - Property management: Use a company or do it by yourself?
16:53 – With the system in place, what if the code doesn’t work and you can’t enter the facility?
18:15 - How much does the fence around the perimeter cost, and how vital is it?
19:31 - How long did it take to get from start to finish?
20:47 - What was this site zoned as before you bought it?
22:13 - What to do with the other free space on your site to get the maximum benefit?
24:58 - Why couldn't you do outdoor boats and RVs?
25:45 - Do your competitors offer RV and boat storage?
26:07 - Does RV and boat storage pay less money?
Our friend Tyler just converted an old pole barn to a 10,000-square-foot, 78-unit self-storage facility. In this video, he gives us a guided tour through the newly renovated building and explains:
- How he did it
- How long it took to get from start-to-finish
- Some of the challenges he had to overcome along the way
Some of the companies mentioned in this video are:
- Janus International (https://www.janusintl.com)
- Easy Storage Solutions (https://www.storageunitsoftware.com)
(This is not a paid endorsement of either company - they just happened to be the contractors and service providers that Tyler worked with.)
https://wn.com/How_A_Self_Storage_Facility_Conversion_Works_(Full_Tour_)
Blog Post: https://retipster.com/self-storage-conversion/?utm_source=youtube&utm_medium=social&utm_campaign=blog&utm_content=ynvkJ0V1ZnE
Self Storage Investing Library: https://retipster.com/category/self-storage-investing/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
Join Our Community: https://retipster.com/follow/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=ynvkJ0V1ZnE
00:00 - Tyler’s Self Storage - How did he do it?
02:05 - How did you decide on the unit mix?
03:22 - Why not just have different doors directly into the units?
04:15 - What is a climate-controlled storage facility?
04:50 - How to enter the facility with simplified management and control?
06:36 - Who helped you to set up the security system?
08:50 - How much did it cost to install all 78 units?
10:03 - How to set up efficiently climate-controlled units with Mini Splits
11:14 - How to determine how much should you charge for renting one unit?
12:28 - How do you convince somebody to come to your self-storage facility?
13:52 – What was Tyler’s goal with doing this?
14:34 - Property management: Use a company or do it by yourself?
16:53 – With the system in place, what if the code doesn’t work and you can’t enter the facility?
18:15 - How much does the fence around the perimeter cost, and how vital is it?
19:31 - How long did it take to get from start to finish?
20:47 - What was this site zoned as before you bought it?
22:13 - What to do with the other free space on your site to get the maximum benefit?
24:58 - Why couldn't you do outdoor boats and RVs?
25:45 - Do your competitors offer RV and boat storage?
26:07 - Does RV and boat storage pay less money?
Our friend Tyler just converted an old pole barn to a 10,000-square-foot, 78-unit self-storage facility. In this video, he gives us a guided tour through the newly renovated building and explains:
- How he did it
- How long it took to get from start-to-finish
- Some of the challenges he had to overcome along the way
Some of the companies mentioned in this video are:
- Janus International (https://www.janusintl.com)
- Easy Storage Solutions (https://www.storageunitsoftware.com)
(This is not a paid endorsement of either company - they just happened to be the contractors and service providers that Tyler worked with.)
- published: 31 May 2019
- views: 48560
1:43
5 BEST STORAGE SPACES FOR SELF STORAGE IN SINGAPORE 2024
5 BEST STORAGE SPACES FOR SELF-STORAGE IN SINGAPORE 2024
Are you running out of space at home or in your office? Self-storage may be the solution you need! We'...
5 BEST STORAGE SPACES FOR SELF-STORAGE IN SINGAPORE 2024
Are you running out of space at home or in your office? Self-storage may be the solution you need! We've put together a specially curated list of the 5 Best Storage Spaces for Self-Storage in Singapore for 2023. Each of these storage spaces offers a unique environment and a wide range of storage options to cater to different needs and preferences.
https://www.thebestsingapore.com/services/best-storage-spaces-for-self-storage-in-singapore/
From climate-controlled storage to 24-hour access, these storage spaces have got you covered. Plus, their experienced staff will guide you through the process and help you find the perfect storage unit for your needs. Finding the right self-storage space can make a huge difference in your life, so we've done the research for you. Our video guide showcases the top 5 storage spaces for self-storage in Singapore for 2023, so you can find the perfect one for your needs.
If you loved our video, don't forget to share it with your family and friends. Also, don't forget to like our video and subscribe to our YouTube channel for more great content.
You can also find us at:
Website: https://www.thebestsingapore.com
Facebook: https://www.facebook.com/TheBestSingapore
Twitter: https://twitter.com/TheBestSpore
#BestStorageSpacesinSingapore #TheBestSingapore #SelfStorageinSingapore2024
https://wn.com/5_Best_Storage_Spaces_For_Self_Storage_In_Singapore_2024
5 BEST STORAGE SPACES FOR SELF-STORAGE IN SINGAPORE 2024
Are you running out of space at home or in your office? Self-storage may be the solution you need! We've put together a specially curated list of the 5 Best Storage Spaces for Self-Storage in Singapore for 2023. Each of these storage spaces offers a unique environment and a wide range of storage options to cater to different needs and preferences.
https://www.thebestsingapore.com/services/best-storage-spaces-for-self-storage-in-singapore/
From climate-controlled storage to 24-hour access, these storage spaces have got you covered. Plus, their experienced staff will guide you through the process and help you find the perfect storage unit for your needs. Finding the right self-storage space can make a huge difference in your life, so we've done the research for you. Our video guide showcases the top 5 storage spaces for self-storage in Singapore for 2023, so you can find the perfect one for your needs.
If you loved our video, don't forget to share it with your family and friends. Also, don't forget to like our video and subscribe to our YouTube channel for more great content.
You can also find us at:
Website: https://www.thebestsingapore.com
Facebook: https://www.facebook.com/TheBestSingapore
Twitter: https://twitter.com/TheBestSpore
#BestStorageSpacesinSingapore #TheBestSingapore #SelfStorageinSingapore2024
- published: 11 Apr 2023
- views: 3365