Dec 03 2024 46 mins 8
This seasoned investor stumbled on self storage just four years ago, and now he’s selling off his rental properties to buy more. Why? Right now, new investors with limited capital can profit from self storage in rural markets where larger firms are unwilling to go. There’s cash flow, appreciation, and, surprisingly, plenty of demand!
In the last twenty years, Derek Weaver has dabbled in just about every area of real estate. He’s been a licensed realtor. He’s managed large rental portfolios for other investors. He’s even bought his own single-family and multifamily rental properties. His latest venture? Self storage! He had no idea what he was doing when he “accidentally” bought a dilapidated, 66-unit facility, but taking action and learning on the fly has allowed him to stabilize the property and add another three to his portfolio!
In today’s episode, Derek shares why now is the perfect time for new investors to start buying self storage. He’ll show you which types of facilities to target, how to maximize your square footage (and income) with portable units, and the systems and processes you need to scale your self storage business!
Insights from today’s episode:
- Why Derek is selling off rental properties to buy more self storage in 2025
- The pitfalls of financial freedom (and why passive income shouldn’t be your end goal)
- Maximizing your facility’s square footage and income by adding portable units
- The key advantages small self storage investors have over large firms
- Why you can’t beat Midwest property returns at the moment
- The systems and processes you need to manage your facilities from afar
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Email Derek:
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