Category: Uncategorized

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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May 13, 2024 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

Profit and Loss – Lawn Care and Weed Control with The Lawn Squad

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! […]

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December 2, 2019 9 mins read

The race to $15MM in self storage under management

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 […]

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October 17, 2019 4 mins read

Nick’s longtime friend and mentor Ryan Ramsey talks business and real estate

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, […]

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September 11, 2019 1 min read

The Sweaty Startup Podcast surpassed 100,000 downloads today!

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 […]

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August 21, 2019 3 mins read

Naval’s tweetstorm and principles, challenged

If you don’t know who Naval is then apply this to any tech founder from silicon valley you know and worship and read about. I listened to Naval on Joe Rogan during my travels this week. I’d be interested in hearing your thoughts on this stuff. His tweetstorm and the JRE podcast. I’m a fan of Naval. I […]

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August 18, 2019 5 mins read

A glimpse at the intensity and dedication it takes to build a successful business – working 10 hours a day for 50 days straight

Max Maher released another video of a challenge where he worked 10 hours a day for 50 days straight. For reference Max is 23 years old and runs Skinny Wimp moving company in Phoenix AZ. I interviewedhim to discuss the founding of the business along with his 500 business connections experiment where he drummed up $30k a […]

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May 8, 2019 8 mins read

Starbucks spent millions getting facebook followers and now they have to pay to reach them

Starbucks spent 10 years spending big money each year, I’m guessing 10s of millions of dollars, getting followers on Facebook. The plan was simple. The goal was to get followers and then reach them organically and drive value over time. Right now they have 36 million followers on Facebook. Well it turns out Facebook likes making […]

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May 1, 2019 2 mins read

24 months of work and $100k down the drain – the ups and downs of entrepreneurship

Show notes from podcast episode 45. I rarely dive into my my own business here but I have a story and a lesson worth sharing. I’m always learning and failing and getting back up and pressing onward. I got some bad news this week. A self storage development project that I had been working on […]

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April 24, 2019 12 mins read
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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 […]

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