175. Starting Out with Small Facilities - The Changing Industry w/ Jeremiah Boucher
Starting out in Self Storage is no easy feat. And one of the biggest factors to consider is, which market do I want to be in? And will that market be profitable with the size of facility I'm looking at?
With the Fed hiking interest rates to fight high inflation, the market is changing at an incredible rate. Buying a facility is no longer the "guaranteed" return on investment it has been in recent years. What are the large REITs doing in response to the changes?
In this episode, we invited Jeremiah Boucher to talk about smaller facilities in the current market, specifically in sub-prime markets. He flew all the way out to Couer D' Alene, Idaho, where we held our Self Storage Income Live Event, and recorded this podcast with us live on stage!
He is a returning guest, but for those of you who don't know, Jeremiah is a value investor who specializes in the acquisition and development of alternative commercial real estate assets. He learned the real estate business from the ground up and currently owns and operates Patriot Holdings, a $300M-plus portfolio of high-performing commercial properties.
Jeremiah brings a lot of value and interesting discussion to this episode. You don't want to miss this one!
You can find out about Jeremiah's company here: https://www.patriotholdings.com
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My best-selling book on Growing Wealth with Self Storage is now available in audiobook format! Pick it up for free here: https://www.selfstorageincome.com/free-audiobook
Our partners:
Forge Building Company - https://forgebuildings.com/podcast
Janus International - https://www.janusintl.com/
Live Oak Bank - liveoakbank.com/incomepodcast
Tenant Inc. - https://www.tenantinc.com/
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