The Most Important Asset In Your Self-Storage Business – Episode 35
What is the greatest asset you have in your business?
I know the knee jerk reaction is “my customers” or “my employees”.
I know they are both great assets, but consider again. They are not the greatest.
You, are the greatest asset to your business. It is you.
Self Storage Teams at Their Best – Episode 34
If I have learned one thing, it is that it takes the leverage of other people to do great things. If you are going to do everything, try to not have partners or stake holders, hire people who only do what you tell them to and nothing else, and otherwise totally run the show, your world and business are going to be small.
Why There Is War and Buying Self Storage Can Be Hard – Episode 33
No wonder buying self storage can be hard, there are wars, and my wife gets mad at me a lot because of this method of reasoning. People don’t really hear people, they just hear their conversation about what people are saying.
How to go from Scarcity to Abundance when buying your next Self Storage Property
Could self-storage be a path to enlightenment? A path in which someone can reach their highest potential? Well…yes. Especially as we explore the fourth habit of Stephen Covey’s<strong> Seven Habits of Highly Effective People.</strong> <strong>The...
How to go from Scarcity to Abundance when buying your next Self Storage Property – Episode 32
Could self-storage be a path to enlightenment?
A path in which someone can reach their highest potential?
Well…yes.
Especially as we explore the fourth habit of Stephen Covey’s Seven Habits of Highly Effective People.
The Fourth Habit: Think Win-Win.
A Powerful Way To Create Your Self Storage Business
It has never been harder to get in or grow your self storage business than it is now. I mean real hard. Properties listed for 4% or 5% CAP’s, and selling! Large players in this business are aggressively building and buying, and very happy with single digit returns....Fail Your Way To Success In The Self Storage Business
It really takes a lot to be successful in any business today, especially in the self-storage industry. I really think my Grandson Jackson is being trained to be successful in life. He is in the second grade and his school district has taken on teaching the...A Hack to Create Your Self Storage Future
When my Grandson Jackson was in the first grade, at his first “Leadership” day at his school, he informed me that he will start college in 2025. I don’t even think he knows what college is. I created a game a few years back called “A $60,000,000...The “Put First Things First” Self Storage Growth Method
If it is not a <strong>“Hell YES”, it’s a “NO”.</strong> It has gotten that simple these days. Life is very interesting and seems to have <span style=”line-height: 1.5;”>an intelligence of its own. It seems the more I...
The “Put First Things First” Self Storage Growth Method – Episode 31
If it is not a “Hell YES”, it’s a “NO”.
It has gotten that simple these days.
That is where the third habit of Stephen Covey’s Seven Habits of Highly Effective People comes into play.
Habit Three: Put First Things First.
Not only in business but in life itself, because there is really no separation. There is just life.
Learn 5 simple steps to turn your Vision of a Self Storage Future into reality by putting in time the next “First Thing” that will move you forward.
A Hack to Create Your Self Storage Future – Episode 30
When my Grandson Jackson was in the first grade, at his first “Leadership” day at his school, he informed me that he will start college in 2025.
I don’t even think he knows what college is.
I have created a $60,000,000 self-storage portfolio by 2015.
When I created that initial goal, I had no idea what that meant either.
Fail Your Way To Success In The Self Storage Business – Episode 29
It really takes a lot to be successful in any business today, especially in the self-storage industry.
I really think my Grandson Jackson is being trained to be successful in life. He is in the second grade and his school district has taken on teaching the Seven Habits of Highly Effective People to the children from kindergarten through high school.
The first of the seven habits is “Be Proactive”.
A Powerful Way To Create Your Self Storage Business – Episode 28
It has never been harder to get in or grow your self storage business than it is now. I mean real hard. Properties listed for 4% or 5% CAP’s, and selling! Large players in this business are aggressively building and buying, and very happy with single digit returns....
Learn How To Make Money Off Your Maintenance Expense – Episode 27
We make money off our self storage maintenance team!
It may show up as an expense on the P & L, but it sure makes us a lot of money.
Here is how.
What is a CAP Rate? How is it used in Self Storage?
There are a lot of complicated definitions of a Capitalization Rate (CAP rate for short). They are interesting, but mostly irrelevant. Let me give you an easy to understand way of relating to and thinking about a CAP rate. If I (or anyone) purchased an income...
The SSA’s Self Storage Convention and The Quick Start Academy – Episode 26
Take look at this year’s Self Storage Association’s annual convention. It was a pleasure meeting many of you and based on what you have told me you want, I am introducing the Self Storage Quick Start Academy in OCT. 2015.
See what courses are being offered in this online, step-by-step training that is easy to use and very effective in the Bata testing. Each class offerings will have the forms and check list we use as we purchase self storage facilities and grow our company towards the goal.
I love this business and want to share some of our resources so that you can get in, or grow your company to the next level.
Meet The Self Storage Managers – Episode 25
It could be said that the most important people in the self storage business are the Managers. At least in our case, that is so.
The public relates to them as the face and personality of the facility, not the Owners. Customers for the most part don’t even know we exist.
Let me introduce you to some of our Managers.
The Rest of the Self Storage Money – Episode 24
We have spent a lot of time discussing equity. But equity usually only accounts for 20% to 35% of any new Self-Storage deal.
What about the rest of the Self-Storage money?
Investors Are More Than Just Money – Episode 23
On a Friday afternoon, in September of 2012, I sat at the kitchen table of my operations partner presenting yet another Self-Storage deal to an investor. This was one of her & her husband’s close friend.
The whole thing made me very nervous.
Here Is What To Show Investors – Episode 22
Interested in raising money for a Self-Storage deal you want to buy?
I have done it many times. Raised many millions of dollars, and here is what I do.
This works great and can help you raise millions of dollars.
Show Me The Money – Episode 21
“Show me the money”. It’s funny, having been a buyer of Self-Storage most my life. But now that I am selling one of our facilities in today’s climate, I find myself repeating the old saying from the Jerry Maguire movie, “Show me the money”. I can’t tell you the number...
I’ve Been Fired! – Episode 20
I have been fired!
More accurately, I took my own advice and fired myself! Did you?
I am proud to announce that I am no longer the CFO, bookkeeper, financial data entry person or anything else related to that for our storage company.
I could be wrong, but I bet you shouldn’t be either.
Fire Yourself! – Episode 19
The world of Self-Storage marketing is evolving so fast, that you, yes you, the Owner (CEO), are most likely the problem.
Find out.
This episode explores when and how you may need to replace yourself as the one in charge of the marketing of your facility or company.
Watch or Read Here to find out!
How to Run with the Big Dogs through Self-Storage Systems – Episode 18
Here is a simple way to stop winging it and create the structure and space for real growth to occur in. You will now own a company the big boys would consider and your facility and streamline your operations/or company is worth more instantly.
Click and learn a way to go from people to systems. Click and Create Wealth Through Self-Storage.
This simple strategy is something most owner/operators never do. However, it makes all the difference in the world.
A View From The Top – Episode 17 –
I sure wish that I had addressed company organization when I was starting off as just myself. Back then it was me doing virtually everything, so what need did I have for company structure! Well, a lot actually. Had I began to design a company organizational structure...How To Ensure Your Storage Business Does Not Fail – Episode 16
Get behind the three aspects of running a business that insure your business will not be one of the 50% that fail.
Click here and see the simple, but absolutely critical mindset and strategy required to insure your self-storage business succeeds in an environment with 50% odds.
How To Inspire Others To Take Action – Episode 15
What if you knew yourself as someone who could inspire others to take action? Not just any action but one that can forward your business. Someone to invest in your facility. Someone to work for you. A prospect to rent from you. In this series of mind set principles I...A Simple Way To Develop Discipline – Episode 14
I know a simple way that you can develop into and know yourself as a disciplined person. Many people I have worked with, as well as myself, have moved from being extremely undisciplined to being able to relate ourselves as very disciplined. I believe discipline...A Powerful One Step Approach to Developing Confidence – Episode 13
Every entrepreneur, every self-storage owner requires confidence to succeed.
Here is the single most important practice that you can implement – no matter how much confidence you currently have – that will accelerate your belief in yourself to new heights.
This short video goes beyond just self-storage. It can alter your life forever.
It’s simple but not always easy… but it can have an immediate and lasting impact on your life and future. If you grew your own belief in yourself, what do you think would be possible?
My hope is that this article shows you how to help become the person you can potentially be.
The Secret Only Self Storage Owners Know – Episode 12
There is a way to make sure you don’t ever encounter a surprise expense or major repair item. By incorporating this method, you will have added peace of mind that your property will never require you to fund it out of pocket and reduce the amount of money you are...Income Growth The Keys to the Kingdom Episode 11
Sometimes I am a hypocrite. I have harped on this in the book, “Creating Wealth Through Self Storage”. If I am coaching someone I almost get in their face about it. It is easy for me to lecture others about it, but I caught myself being reluctant last month to having...Find $250,000 Hidden In Your Facility – Episode 10
One of the many fantastic features of self-storage is the ability to generate significant amounts of additional revenue besides rental income that dramatically enhances the value of your facility.
I will go so far as to say we can create an additional $250,000 in value for a typical facility you may purchase. That may sound very bold, but let me show you how.
The Single Most Important Question…
The single most important question when analyzing a facility is what is the real income. This month we are going to focus on the financial analysis aspects of looking at a self-storage facility to purchase. You will see a number of ways to figure this out; however...Invest In Yourself – Episode 8
Creating a self storage business that is fun and fulfilling requires investing in yourself
