Category: Deal Breakdowns

Deal breakdown – a home run storage deal and a $2.6 million cash-out refinance

Things are going crazy in my world. We closed on our 50th self-storage facility this week with the acquisition of a 3 property portfolio in Virginia. That makes 1,329,609 square feet and 9,905 units managed by our team of 40 employees. All operated remotely with our team of 40 employees – 18 in the Philippines, […]

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 […]

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 holes […]

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 […]

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 […]

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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