Self Storage Income

The self storage industry is changing. Back during the Great Recession, small self storage investments tanked. Their revenues fell off a cliff, customers consistently went without paying, and there were no buyers or banks to bail out the owners. Since then, self storage investing has changed in a big way. REITs are growing with towering self storage facilities everywhere in big cities, and their next big target? Small self storage investments.

This poses an interesting opportunity for inventors: if you get in early enough, your facility could see a massive increase in value and even interest from...

At just twenty-seven years old, Dillon Leonard has reached financial freedom. How’d he do it? By tenaciously identifying, acquiring, and improving self storage facilities. Within four years, he’s built his self storage business to 800 doors, and he’s done it all by buying storage units in small towns that you’ve probably never heard of. How did he succeed so quickly, and what does he do that sets him apart from the competition? He’s sharing his “simple” secrets today!

Dillon had one goal—to reach financial freedom so he could spend time with his family. While wo...

Looking for off-market self storage for sale? Wondering how to get around the high down payment self storage investing requires? How do you measure demand for an area you’ve never invested in? Today, AJ and Conner are answering some of the most commonly asked self storage investing questions so you can get your first or next facility even faster. Think of this as a “Self Storage Investing for Beginners” FAQ session as we get into the nitty-gritty of finding deals, measuring demand, raising down payments, increasing revenue, and more!

If you’re still searching for your first fa...

Think you’re too late in the game to get into self storage investments? Feel like you can’t give up that career you took decades to build to take a shot at achieving financial freedom? Today’s guest is about to fire you up! At age fifty, he took a giant leap, quitting his chiropractor practice of over twenty years to go head-first into real estate investing. In just four years, he was able to buy six self storage investments, and he’s not stopping anytime soon. And if you feel like your career’s clock is ticking, and self s...

The self storage industry is starting to “thaw” as renters return and occupancy begins to rise. But this isn’t happening at every facility. Many self storage operators are still struggling to get new customers in the door, and if your facility is having the same problem, this episode is exactly what you need. We’re peeling back the curtain and sharing exactly what we’re doing to raise occupancy, beat our competitors, and get units rented before the busy season ends. Last week, we talked about a return to “normal” for the self storage industry, with significant year-over-year storage demand...

Self storage rates see a severe year-over-year decline as owners brace for even more supply to come on the market during dwindling demand. What’s happening, and which markets are the most in danger? In this episode, we took some of the latest self storage industry stats on rates, demand, supply, and new construction to answer the question: Why are self storage rates falling, and when will they come back up? We even have data on the hardest-hit metro areas that YOU should watch out for.

We could be returning to “normal” as the booming demand from a few...

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In the past 4-5 years, so many new investors have come into the storage industry (which I love). However, the issue is that all of these new investors came into the industry when self-storage was at its absolute peak.

It means that for the past few years you could basically just buy a facility and it would increase in value simply because there was so much demand for self-storage.

Back in 2020, I called it the self-storage bu...

In this episode of the Self Storage Income Podcast, we delve into the crucial aspects of raising capital and working with partners and investors.

Join us as we explore proven strategies for securing funding, building strong investor relationships, and leveraging partnerships to grow your self-storage business. We emphasize the importance of recognizing that you can't do it alone – working with others not only broadens your resources but also creates opportunities for people to invest alongside you.

This episode offers valuable insights and practical advice to help you navigate the complexities of capital raising and partnership bu...

Self storage investing vs. multifamily investing: Which wins in 2024? With the popularity of rental property investing rising over the past few years, competition has remained hot for beginner investments like duplexes, small multifamily properties, and house hacks. But if you’re looking to grow your money the most, is self storage a better pick? Would you rather deal with a few tenants and toilets or hundreds of customers simultaneously?

We’re breaking down each of these investments piece by piece, from the prices to buy each investment property to raising the property value, cash flow, evictions, auctions, comp...

The self storage industry is changing. From the Great Recession through 2021, those who bought self storage facilities saw massive rent growth, impressive appreciation, and, at times, a seemingly endless supply of renters. As the American population began to move after the lockdowns, self storage only became more attractive, and facilities were filling up left and right with occupancy rates and rents exploding. But now, things have changed.

Over the past two years, self storage operators have been hit hard. Rent drops, vacancy, and increased competition took away the “passive” income part of self storage investing. Thankfully, those who...