254. Starting Out with Small Self Storage Facilities (Huge Opportunities Coming!) w/Jeremiah Boucher
The self storage industry is changing. Back during the Great Recession, small self storage investments tanked. Their revenues fell off a cliff, customers consistently went without paying, and there were no buyers or banks to bail out the owners. Since then, self storage investing has changed in a big way. REITs are growing with towering self storage facilities everywhere in big cities, and their next big target? Small self storage investments.
This poses an interesting opportunity for inventors: if you get in early enough, your facility could see a massive increase in value and even interest from a REIT. So, what should you be doing NOW to capitalize on this coming change in the self storage industry?
Small self storage investing expert Jeremiah Boucher, founder of Patriot Holdings, joins AJ and Conner LIVE to go over the opportunities, threats, and “landmines” to watch out for when buying a small self storage facility—which could be your first or next investment! Plus, Jeremiah even shares EXACTLY what you should do TODAY to a small facility to increase its value before the REIT next door comes knocking.
What you’ll learn in today’s show:
- The huge opportunity in small self storage investments that you MUST be on the lookout for
- How the self storage industry has changed and why small markets could house goldmine self storage facilities
- What to do TODAY to increase the value of your next self storage facility
- The “landmines” to watch out for BEFORE you buy a facility (these WILL cost you)
- Biggest threats to self storage investors and how to get around them
- Why REITs are quietly searching for small facilities and markets to invest in
- —
Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing
Enter our survey for a chance to win a signed copy of AJ's NEW book!
