258. Building a Self Storage Portfolio Fast After Leaving a Time-Sucking Business w/Courtney Galyan
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Courtney Galyan has worn many hats. He’s been a real estate broker, worked in development, and even owned a pizza franchise. All of those made good money, but the problem was his time was being slowly sucked away. He wanted the “passive” income real estate provided along with the freedom NOT to have to be on-site, running the show every single day. The self storage business, although overlooked by most investors, was Courtney’s lifeline.
After driving around a popular lake town and looking for facilities, Courtney and his business partner quickly realized how high the demand for storage was and how poorly most of the facilities were run. Through a commercial broker friend, they secured their first self storage deal, and it was exactly what they were looking for.
Now, less than a decade later, Courtney has over 750,000 square feet of self storage—a massive amount for any investor to tackle. With eleven facilities across the South and the Midwest, Courtney has had to bob and weave through hot markets (2018-2022) and slowdowns (post-pandemic). He’s made some mistakes and learned some crucial lessons along the way he’s sharing today that any investor, even brand new ones, can take to heart to scale their facilities faster and get ready for this next market cycle.
What you’ll learn in today’s show:
- Why Courtney ditched his successful pizza franchise to invest in real estate (and specifically, self storage)
- The tiny, untapped tertiary markets that have massive pent-up demand for self storage
- Calculating the risk-to-reward for your business and why self storage makes so much financial sense
- Why Courtney believes there’s even more demand for storage facilities coming
- Self storage’s return to normal and why it’s EASIER to make decisions on investments now
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Give Courtney a Call: 317-995-2187
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