Self storage is one of the most passive forms of real estate investing out there, but only if it’s run correctly. On this episode of the BiggerPockets Podcast, you’ll learn from CPA and real estate investor Michael Rogers about the process of finding, rehabbing, and cash flowing self storage units—and they systems that have allowed Michael to buy 350 units and partially quit his job.
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In This Episode We Cover:
Michael's thoughts on having a part time job while investing in real estate
How he bought a duplex while still a student
What you should know about loan to value
How to find the right sub contractors
How Michael got into self storage
Tips for investors looking to start with self storage
Why you should be aware of the "Declining Spiral"
How he structures his system to get clients for storage rentals
How auctions work when tenants don’t pay the rent
What you should look out for in the self storage niche
The software that Michael uses
3 lines of defense for self storage
How to find tenants
How he uses Search Engine Optimization to his benefit
The numbers involved in his deals
Why he's an active BiggerPockets member
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Calculator
50% Rule
BiggerPockets Podcast
Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
My Latest BRRRR is Rehabbed and Ready to Rent
BiggerPockets Files
Easy Storage Solutions
UncleBobs
PublicStorage
SSA
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
Every Landlord's Legal Guide by Marcia Stewart and Janet Portman
The Essays of Warren Buffett by Warren Buffett
Brandon Turner's Book: Investing With No or Low Money Down
Tweetable Topics:
"When you are at that job and you’re doing that work, you got to give it your 100%.” (Tweet This!)
"You always look at how much cash are you going to lay out and then what it's going to bring back in tim...