Storage Investor Nation Podcast

Dan Handford and Kris Bennett of PassiveInvesting.com interview Chip Stroz about their 181-unit self-storage facility in Edinburgh and their journey from finding the listing, partnerships, financing, and the challenges of managing the business. Tune in and get inspired by Chip's story as a first-time investor and get valuable tips on things to consider before getting your money locked down in a storage facility.

On today's episode of the Storage Investor Nation Podcast, meet Michael Wagner, the founder of The Storage Rebellion. Michael recently just bought a 190-unit self-storage facility in Bronson, FL and he's here to talk about the deal. Join your host Dan Handford as he talks to Michael on how he found the deal, how due diligence was done, and more. Learn how Michael manages the rates of rent and how to buy a property with private debt. Find out how this self-storage facility in Florida held up.

When COVID hit, many people had to transition careers or pivot their businesses in order to survive. For Powell Chee, the global pandemic made him rethink about his real estate investing game which was mainly focused on multifamilies. Knowing he wasn't going to purchase any multifamily for at least six months when COVID hit with the rent evictions, moratoriums, and all the turmoil going on, he started to look at different asset classes and was pulled towards self-storage. On today's show, Powell joins Dan Handford to dive into the 175-unit Radiant Central City Storage in LA, sharing how he found and sourced this particular deal.

Ever heard the expression, “Your network is your net worth?" Today's guest, Russell Nersesov, proves that to be incredibly true. Listen in to hear how someone in his mastermind group literally handed him his first deal, how he made over a million dollars on closing day, and why he thinks storage is better than multifamily – with real numbers to back it up!

Want to find a great partner for your self-storage business? Look around! Today's guests – Kenneth Hayes and Khary Kemp both worked in IT, but really wanted to get out of the rat race and start building wealth through real estate. Listen in to hear how Kenneth's dad planted the REI seed at a young age, how they utilize tech to make their operations highly efficient and keep costs low, and how they won over the seller by showing up and being persistent.

How do you get that first deal? What if you don't have any experience? What if the first 10 banks you talk to won't lend you money? If you're running into obstacles closing that first deal, or just need some encouragement that persistence pays off, do not miss today's episode. Masha Klapanova of Top Choice Investment Group shares an incredible story of moving from Russia, deciding on her ONE thing, and incredible persistence. Listen in to hear how she found an amazing deal, called over 130 banks before one agreed to lend on her project, and how she formed a powerful partnership to get it all done.

How do you build a cash flowing storage business while working a full-time job? Jason Polanco breaks down how he acquired a 53-unit self-storage facility in a small town during Covid, and how he's managing and growing it remotely. Listen in to learn why: he thinks small markets can actually be better, how he leverages and incentivizes his team to manage the property well, and why cash flow has been the easy part.

How do you sell 20% of your portfolio every year, and still maintain a thriving self-storage business? Kris Benson of Reliant Investments joins us on the podcast today to dive into just that. He breaks down how they're nearly doubling the size of a recent acquisition of North Carolina, exactly what they're doing to add value and force appreciation, and he and Dan discuss the merits of the fund model vs single asset syndication. If you want to scale a self-storage business and attract a lot of investors, this episode is right up your alley.

“If you found a million dollars on the ground, would you pick it up?” On the podcast today, John Manes of Pinnacle Storage Properties shares an incredible story of how he found, negotiated, financed, acquired, and is now adding massive value to a 206-unit self-storage facility in Pine Bluff, AK. Listen in to learn exactly how he negotiated unbelievable seller financing terms with the owner, acquired additional land, and how he partnered with a former NFL QB to get it done.

How do you own a market, and generate crazy cashflow in a market that everyone else overlooks? Curious what it's like to raise capital on a crowd syndication platform? Brent Wright of Pamlico Investments joins us today to break down exactly how they identify what markets to enter, with little to no competition. Listen in to hear how they utilize tech and great people to achieve economies of scale, high levels of brand awareness, and increase collections and customer satisfaction all at the same time.

On the debut episode of the Storage Investor Nation podcast, Scott Krone of Coda Management Group breaks down how they're turning the “ugliest building they ever bought” into a cash flowing machine. This is a value packed episode, so listen in to learn how he's carved out a niche in the very competitive self-storage space, how Covid has made actually made something easier, and why they did 9 months of due diligence before pulling the trigger.