Category: Uncategorized

The two reasons great employees get frustrated and quit

I’ve taken the time to speak with a ton of high level employees about their jobs. What they like, what they don’t like, and more importantly WHY THEY QUIT.Lets dive in: Last week’s podcast episode on how to fire an employee was one of the most popular episodes I’ve released. Check it out on Youtube or Spotify. There are two main […]

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May 13, 2024 2 mins read

A complete rundown of real estate’s #1 tax loophole

Last week Mitchell Baldridge, my CPA and tax advisor, came on my podcast to discuss real estate taxes. It was the best 1 hour overview of real estate tax that I’ve ever been a part of. You can check out the Youtube video here and the podcast episode here. We’ll break it down below: As you know, we’ve got 18 […]

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8 mins read

Entrepreneurship culture in America is all messed up and its a shame

Entrepreneurship culture in America is all messed up and it’s a shame. TechCrunch. Product Hunt. Shark Tank. It’s all about new ideas. Changing the world. Innovation. 0 to 1. Blue ocean. Venture capital and exits and scalability.And ITS ALL A LIE. If you ask the average American who a real entrepreneur is they’ll say Jobs, […]

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5 mins read

Get the big things right and the rest takes care of itself

Many quotes are floating around that go about the same way: “I’d rather regret not-doing a deal than regret doing a deal.” Or. “I’d rather miss out on 10 good deals than do one bad deal.” And this is true. There will always be another deal. It’s tempting to “just get in the game” and […]

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3 mins read

The mindset of the successful investor

Most successful investors, myself included, hold an unpopular opinion: Life is long. To live up to their full potential, every human needs to do some things that won’t pay off for 5, 10, 20, or even 100 years. And if you zoom out to 1,000 feet: Every day, I feel lucky that my great-great-grandfather (whom […]

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2 mins read

In good times we make money… in hard times we acquire assets

Houses in my town aren’t selling. As a matter of fact houses aren’t selling virtually anywhere. Mortgage applications were down 90% year-over-year. Self storage brokers aren’t able to sell most listings right now. Developers are going pencils-down on anything they aren’t pot committed to right now. I’m hearing the same lock-up news from virtually every real estate […]

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3 mins read

An interview with a self storage operator who sold his portfolio for $1.5 BILLION

I attended RE-convene in Los Angeles in September hosted by Moses Kagan. 280 real estate investors were in attendance. And we’re not talking about your local realtor or mortgage banker – we’re talking about folks with $100m real estate portfolios who are deep in the business of managing risk and acquiring real estate. A quick sponsored […]

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2 mins read

A career is a series of games – you just have to figure out which ones are worth playing

A career is like a series of games.​Assess what games are wroth playing with a series of questions – outlined below. A quick sponsored note before we dive in: As you know, we’ve got 18 employees working at our self storage management company who live in the Philippines. We sourced and hired all of them […]

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4 mins read

How I’m deciding what deals are worth buying right now

The real estate market is in a period of price discovery. What does that mean? Nobody knows what to pay and sellers aren’t willing to meet the market. If real estate was a liquid stock that could be bought and sold at a moment’s notice, it would be in free fall. The most common question […]

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4 mins read

Deal breakdown – from $635k purchase price to a $2.85 million value in 3 years

The self storage acquisitions market is tough, but the properties we own are performing well. Last week we closed a refinance on one of our earliest (and toughest) deals – a 3 property portfolio in western Pennsylvania. We acquired the 25,090 square foot portfolio at public auction in October of 2019 for $635,000 and it […]

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6 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 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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