Category: Uncategorized

Hey Reader, Many of the wealthiest people in our country earn millions of dollars per year and pay almost nothing in taxes. How? They invest in real estate and utilize “depreciation” to offset their cash gains from real estate and other businesses. I personally made a good amount of money last year, but ended up […]

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, […]

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, […]

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 – […]

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 […]

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 […]

How much money does a lawn care company make? This full time owner with a part time employee generated over $100,000 in revenue and $70,000 in profit working 54 hours per week for 32 weeks over the summer. AND he graduated from a top 15 business school in the middle of his busiest month. Impressive! […]

I haven’t been as active on here lately. As some of you know Dan and I are doing big things right now. We’re closing on the big self storage facility refinance in about 2 weeks and will be pulling out about $2.1MM in equity in the form of cash. We were considering selling the property after we got a nice offer […]

Ryan grew up near Louisville Kentucky and comes from a long line of entrepreneurs. His father and grandfather are amazing entrepreneurs and still to this day employ Nick’s father. Ryan started a business about a year ago buying and turning over distressed real estate. They specialize in properties with hairy legal issues like back taxes, […]

Going on 9 months without missing an episode and scheduled the 87th episode for release. Growing steadily. Thank you for following along! Here are my statistics between the podcast, website, email newsletter, YouTube and reddit. I made the decision to ignore Facebook, Twitter and Instagram and I that has been a good one. — I […]