350. He Bought a Self Storage Facility for Less Than a Rental Property ($5K Down)

People think you need millions to get started in self storage. You don’t. You’re about to hear about someone who just bought a self storage facility for less than a single-family home. And not only that—they put just $5,000 down. Now, rather than dealing with tenants and toilets, they’re getting a 42-unit self storage business that provides immediate cash flow and offers serious value-add potential. Today, we’re highlighting wins just like these, from “small” investors just like you. We’ll get into how smart investors are building out their capital “stacks,” structuring partnerships, and identifying the best markets to invest in. We’re also addressing the most common pain points and questions investors have when running a self storage business. What are the best ways to leverage AI? Should you have cell towers installed on your property to increase revenue? Is it a good idea to do away with security deposits? How do you get insurance costs under control? We answer all of these and more! Join the Self Storage Income Community to learn how to buy, build, and scale your self storage portfolio!  What you’ll learn in today’s show:   Recent investing wins, questions, and pain points from the SSI forums Leveraging AI to improve operations and increase your bottom line How to keep your self storage facility’s insurance costs in check What to know before structuring your capital “stack” or partnership How to increase revenue by placing cell towers on your property The number one mistake investors make when analyzing a self storage market   — Grab AJ’s Book, Growing Wealth in Self-Storage 2.0 - https://www.amazon.com/Growing-Wealth-Self-Storage-2-0-Post-Pandemic/dp/1735258865  Join the Self Storage Income Community - https://www.selfstorageincome.com/learn  Patchwork Labs - https://www.patchworklabs.com/  Tenant Inc. - https://www.tenantinc.com/  Storelocal - https://www.storelocal.com/