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313. 12 Red Flags of a Risky Self Storage Investment (& How to Avoid Them)

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Manage episode 505339215 series 2770596
Content provided by AJ Osborne. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AJ Osborne or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Buying a storage facility? Make sure you spot any of these 12 self storage investing red flags. If you’re able to avoid them successfully, you could be buying a killer next investment, with high occupancy, high rates, and steady cash flow. After investing in dozens of self storage facilities, with millions of rentable square feet, we’ve nailed down the 12 deadly self storage red flags that can prevent a facility from taking off.

There are two types of red flags: the ones you can fix, and the ones you can’t. The fixable ones might mean you have a serious opportunity within your market, and you can flip that red flag to a green one. The unfixable red flags…that’s another story. Don’t worry, we’re going to spell out each so you know which red flags to run from, and which could make you money.

We’re talking about red flags like: declining populations, too much supply, high vacancy, weak local economics, poor visibility (online and on the street!), and more. Do you think you know which you can fix? Think again, we’re giving you the exact list of self storage red flags.

What you’ll learn in today’s show:

  • The 12 self storage investing red flags every investor should be aware of
  • Is a declining population always a bad thing for storage?
  • How to stop your competitors from building near you and boosting supply
  • The “secret” way to find out how occupied other facilities are in the area
  • How much should your self storage customers make? We’ll share the perfect income range
  • Which red flags can be flipped to green flags so you can profit!

Register Now for SSI Live - https://www.selfstorageincome.com/live-event

Get 1-on-1 Coaching from Conner! - https://www.selfstorageincome.com/coaching

Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/

Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207

Get AJ's book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest

  continue reading

464 episodes

Artwork
iconShare
 
Manage episode 505339215 series 2770596
Content provided by AJ Osborne. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AJ Osborne or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Buying a storage facility? Make sure you spot any of these 12 self storage investing red flags. If you’re able to avoid them successfully, you could be buying a killer next investment, with high occupancy, high rates, and steady cash flow. After investing in dozens of self storage facilities, with millions of rentable square feet, we’ve nailed down the 12 deadly self storage red flags that can prevent a facility from taking off.

There are two types of red flags: the ones you can fix, and the ones you can’t. The fixable ones might mean you have a serious opportunity within your market, and you can flip that red flag to a green one. The unfixable red flags…that’s another story. Don’t worry, we’re going to spell out each so you know which red flags to run from, and which could make you money.

We’re talking about red flags like: declining populations, too much supply, high vacancy, weak local economics, poor visibility (online and on the street!), and more. Do you think you know which you can fix? Think again, we’re giving you the exact list of self storage red flags.

What you’ll learn in today’s show:

  • The 12 self storage investing red flags every investor should be aware of
  • Is a declining population always a bad thing for storage?
  • How to stop your competitors from building near you and boosting supply
  • The “secret” way to find out how occupied other facilities are in the area
  • How much should your self storage customers make? We’ll share the perfect income range
  • Which red flags can be flipped to green flags so you can profit!

Register Now for SSI Live - https://www.selfstorageincome.com/live-event

Get 1-on-1 Coaching from Conner! - https://www.selfstorageincome.com/coaching

Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/

Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207

Get AJ's book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest

  continue reading

464 episodes

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