How This Fireman Acquired 5 Self-Storage Companies Across 11 Locations

Join me as I interview Kevin, a fireman who has acquired 5 self-storage companies across 11 locations.
Before getting into self-storage, Kevin bought single-family homes and rented them out to college students.
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[@cobypfaff]

Great information, super informative. Thanks!

[@adepina2]

Took a look at a few self-storage facilities and noticed when you finance a large majority of it (e.g., 90%); the NOI on these often doesn't make sense for covering your debt expense. Did he find this to be the case as well?

[@Steviek1290]

I understand that self storage industry tends to follow the trends of the real estate industry in general, so when home purchases are down (interest rates are up) then occupancies are down. Also, hard to increase rents for units in a market like that. How did he overcome those factors?

[@ZachChapman-i7j]

How does he find out if the area the storage unit he is buying in is already saturated?