253. Financial Freedom in 4 Years by Building a “Simple” Self Storage Business w/Dillon Leonard
At just twenty-seven years old, Dillon Leonard has reached financial freedom. How’d he do it? By tenaciously identifying, acquiring, and improving self storage facilities. Within four years, he’s built his self storage business to 800 doors, and he’s done it all by buying storage units in small towns that you’ve probably never heard of. How did he succeed so quickly, and what does he do that sets him apart from the competition? He’s sharing his “simple” secrets today!
Dillon had one goal—to reach financial freedom so he could spend time with his family. While working as a firefighter, he began building a residential real estate portfolio. One day (ironically), a tenant burned his property down. Dillon had it with tenants and toilets and realized self storage was the business he truly wanted to be in.
If you’re just getting started in self storage investing, Dillon delivers a masterclass on finding, acquiring, and running small facilities. If you follow his lead and put in the work, you, too, can reach financial freedom in just a few years!
What you’ll learn in today’s show:
- How to find financial freedom FAST by building a self storage business
- Why Dillon gave up rental properties and got into self storage investing
- How Dillon runs seven facilities (remotely!) in rural areas
- Competing with REITs and how investing in smaller markets can yield bigger rewards
- Raising rents and how Dillon has managed to keep high occupancy while charging more
- Buying the competition and the “relationship marketing” Dillon uses to acquire new facilities
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