MJ Real Estate

@bairdk Nice! That's awesome. Excited to hear about it!

Haven't bought a storage deal in 2.5 years. 3 weeks ago, I still had nothing in the pipeline. Today, I've got 175,000 sq ft under contract to close in May and June. It's slow until it's fast.

Life is fun.

@SahilBloom You need a 2nd Baby! Hope you guys end up with a full & healthy house!

My forever wedding date.

@MrFourToEight Leta go! Congrats Blake!

MRS. FOURTOEIGHT 💍

Bring on Spring. Im having a blast renting out these metal boxes.

@bairdk Good looking office! Nice painting!

Commissioning my 11 yr old daughter to paint a mural on the old chalkboard in my office: $250 Seeing the entrepreneur in her light up: Priceless My landlord’s new ability to raise rent: Endless

@BrockHenderson1 Nothing to clean out if no one is renting!

@MJRSelfstorage Cleaning out empty units to find your wife a V-Day present?

Happy Saturday!

@bairdk Awesome stuff! Looks like the monster purchased in 2023 had a great year! Thanks for sharing.

Storage Bros been pretty quiet lately. Probably because it's boring AF unless you're buying stuff. Despite the common narrative, it was a very good business for me in 2025. I'll save my words and provide the numbers:

@SpaceCoastCRE Safety.

How do people live without chasing their dreams? I can’t imagine it.

@roblabonne Such a good tweet!

Self storage has SAAS margins with stickier customers and next to no employees. Only downside is relatively fixed limit on growth once full.

@redwood_ryan_a Congrats! It just keeps getting better!

Welcome to the world little man! Any advice for a first time boy dad?

@Storage_Venture Sounds like a great day! Keep crushing it!

Standard day: Husband and Dad Self storage Small bay / flex Lending 1:1 coaching Residential flips Multi family Local newsletters And every four days I play firefighter for two days.

@bairdk Wait 6 months. Get CMBS rate closer to 5%. Then get it locked up 5 years. Being locked up will make you keep that gem & not think about the big offers!

Alright REtwit, let’s see if you’ve still got it. I’m considering refinancing $10m of personally guaranteed debt into a non-recourse CMBS loan. Tell me why I shouldn’t do this. Property NOI is ~$1.25m (and growing). Current debt* is two loans: $6m at 7.75%, $4m at 4%. Both 25 yr amortization. Blended 6.3%. $797k of annual debt service. Offer on table for CMBS refi: $10m at 5.8%, 5 yrs, interest only. $580k annual debt service. Pros: more cash in my pocket to reinvest elsewhere, non-recourse to sleep better at night. Cons: practically prevents me from selling or refinancing during 5 yr term, might miss window of lower rates before then and/or be stuck with higher rates at end of term. More context: bought property 2 yrs ago for $12m at 2.9% cap rate. NOI increase driven entirely through good ops (not market force). Borrowed $11m to buy, 1031’d in $1m. *$1m balloon to seller due next month (cash is in the bank, assuming it’s already paid in this scenario). What would you do?

@bairdk Awesome stuff! Glad everyone is doing well!

Been a minute since I've opened this website. The "For you" tab is unbearable - doesn't look like I've missed much. What I've been up to (in case anyone cares or will see this): - Spent the last 40 days of summer in the Austrian, Italian, Swiss, and French Alps, mostly riding mtn bikes and hiking with my fam. (Full recap on Strava.) - Confirmed on that trip that I've got all I need, don't need more, and just need to protect what I've got (family, time, health, wealth). - Have gone risk-off in real estate. Under contract to sell a couple of storage props for a big gain. Prob gonna pay the tax man and use proceeds to pay off a couple of other loans set to adjust next year. - Working on refinancing debt on my biggest prop into a non-recourse loan. Remaining PG'd debt is fixed at rock bottom rates for another 7-ish years, with none big enough to break me. - Storage portfolio continues to do surprisingly well, managed by an amazing team. - Enjoying working on HireLATAM, which is thriving, despite me not shilling it here. - Spending a bunch of time with family, with lots of gratitude for good health all around. Of all the things that have gone well in my life, I'm most proud of the beautiful human beings we're raising. - Still figuring out how to live my best life. I hope you all are doing well!

Checking locks. My monthly storage visit.

@cornandcalves @JamesAbbee Happy Anniversary!

I’ve been partying for 15 years straight with @JamesAbbee . Wouldn’t change a thing!

@ZeroBasis I like this Andrew!

@rpar114 Just built a relationship with the guy the past 5 years. Traditional financing & Used equity from my other properties for the down payment.

@MJRSelfstorage How did you find the deal? Was it owner financed? Did you raise cash?

This office cost me $4.75M. Ask me anything.

@cody_baird 70k. 370. 24k/month rev. 100%,occ., 18 month plan is 35-40k/month in rev

@MJRSelfstorage Sqft ? # of units? In place NOI & occ? Yr 1 NOI & occupancy projection? Location?