Author: Nick

✉️ An inside look at my May 2022 investor letter (sent to 275 active investors in my storage deals)

Today’s newsletter is a look at how I communicate with our partners and investors. I’m including an edited version – mostly formatting to make this more readable — it was sent out as a PDF on company letterhead. A lot has changed since we did our very first deal in Ithaca. In the early days, […]

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May 13, 2024 12 mins read

Interest rates are rising… What it means for me and other real estate investors

Rates are going up. The equity markets are volatile. Growth stocks are getting hammered. A lot of uncertainty and fear in the markets. What does it mean for self storage and real estate as a whole? I see this playing out one of two ways. Back to the state of the market. As you know, […]

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5 mins read

The wealthiest real estate investor I know (and how he made his money)

Hi there – it’s story time. But before we dive in, check out this interview I did with Chris Powers, who acquired over $290 million worth of real estate in 2021. We discuss our 2022 predictions for real estate, interest rates and the economy.Link to Spotify and Youtube here. Now let me tell you about the wealthiest guy I know – […]

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7 mins read

I wouldn’t sell my Twitter account for $1million (and here’s why)

The first full calendar year is in the books for 3 self storage facilities we bought at the end of 2020. I’ll open the books and give you a breakdown on how it went. Here’s a podcast episode with more on where we’re at, what keeps us up at night, and how we plan to attack 2022. Deal […]

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4 mins read

2021 has been a hell of a year… UPDATE

Our self storage portfolio is growing fast. Stats on December 31st 2019 (2 years ago): At that time we had 1 full time employee in the self storage business. Me. I was answering phones, hunting deals and doing everything while my partner ran our student storage company. In 2020 we acquired 3 more properties and […]

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5 mins read

Self Storage Deal Breakdown

The first full calendar year is in the books for 3 self storage facilities we bought at the end of 2020. I’ll open the books and give you a breakdown on how it went. Here’s a podcast episode with more on where we’re at, what keeps us up at night, and how we plan to attack 2022. Deal #1 was purchased in […]

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February 23, 2022 4 mins read

201. People are spending a lot of money on their houses

In today’s episode of The Sweaty Startup, Nick gives a quick motivating push for a business that is thriving right now. Home work of any kind is the best place to be in this climate; everyone is spending money on their homes. This ranges anywhere from general contracting, construction, deck building/staining, to landscaping, decorating, anything! […]

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September 2, 2020 1 min read

200. I got better at business when I stopped putting out fires and started preventing them

Today’s episode of The Sweaty Startup is our 200th episode! We are so excited about our show running for this long, and so glad you guys enjoy it. We’re hosting a giveaway for a free one hour consulting call with Nick to celebrate! See details below In today’s episode of The Sweaty Startup, Nick gives […]

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August 31, 2020 2 mins read

198. 99% of entrepreneurs fail because they are selfish

If you’ve listened to The Sweaty Startup for a while, you’ll know Nick’s standing on entrepreneurship. It has to be unselfish, unemotional, smart, and sweaty. You have to put in the work. Too many people start businesses because they are selfish. They start a business that they want to start or that fits their passions. […]

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August 24, 2020 2 mins read

197. The wealthiest people I know started regular “old-fashioned” businesses

In today’s episode of The Sweaty Startup, Nick talks about “old-fashioned” business. The wealthiest people he knows started regular “old-fashioned” businesses, not some sexy new ideas with venture capital money. They just had good ideas and worked hard at them. The way the world portrays and views people like Steve Jobs and Mark Zuckerberg, Entrepreneurship […]

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August 19, 2020 2 mins read
Top Articles

Businesses I Love

These are all businesses and markets that I love. The competition is weak. The market is growing. The costs and risks are low. The odds are good. You can analyze the market and make accurate decisions on where there is opportunity to thrive. You can win. Start small. Start low skilled and low risk if […]

Idea Generation 101

This is an analytical approach to identifying and exploring new business opportunities. This is designed around service based businesses but the concepts can be applied to any business. In order to compete you need to have a competitive advantage in one of three areas: speed, price or quality. The goal here is to look for […]

179: How profitable is a self storage facility?

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 […]

Essential Tools

There is a proven playbook to grow companies. What tools to use, agencies to hire, strategies to employ. I’ve launched 9 companies in my life – two of which are fairly large with 40 + employees and hundreds of thousands in monthly revenue. People ask me all the time for vendor recommendations. Who builds my […]

Businesses I Hate

Prefer a more positive outlook? Check out the businesses I love. I don’t like businesses that have a lot of passionate people involved. Businesses that are fun and are a lot of people’s hobbies. Passionate people think with their hearts instead of analyzing the markets. Passionate people make poor decisions. Passionate people start companies because […]

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