Search Results for: self storage
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 […]
Read More ...179: 179. How profitable is a self storage facility?
In this episode, Nick shows one of their newer self storage facilities, and goes over the numbers to share how profitable running a self storage facility really is!
Read More ...120: #120 Building a Self Storage Empire Part 2 – Month #1 in the books
Nick discusses the recent events in Erie and Pittsburgh with his self storage acquisitions.
Read More ...Building a Self Storage Empire Part 2 – The first month in the books
The first month is in the books in Erie and Pittsburgh at our self storage facilities. Pittsburgh is cruising right along. We paid $472k for the property with 20% down ($95k). We generated $6,244 in revenue in our first month and had $3,907 in expenses (including $996 in principle) for $2,337 in profit. Our Annual […]
Read More ...116: #116 Building a Self Storage Empire Part 1 – 4 closings and a big ol’ auction
Nick and Dan get on the podcast together for a long form podcast on the current developments in their self storage expansion efforts. They discuss the first deal that has been so successful, how they structured their first real estate…
Read More ...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 […]
Read More ...Follow along as we go on our self storage journey!
Get updates on our new acquisitions, deals and operations! We send P&L reports for all of our current properties as well as cashflow projections for new projects. We also send general updates every month or so on the status of things.
Read More ...Ep 121: Deal Breakdown — How much money does a self-storage facility produce?
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Read More ...Ep 117: How self-storage investing works
Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice Follow my…
Read More ...Ep 87: How self-storage investing works
Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice Follow my…
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