StorageFreedomGuy

@Storage_Venture Banger post

Everyone waiting to feel "ready" to buy their first facility: You never will. The guy with 100 facilities doesn't feel ready either. Confidence is a goalpost that moves every time you get close to it. Stop waiting to feel ready. Start taking messy, consistent action.

@FOS Must be more to the story. This is a good dude. Super nice. Great at his job. We all make mistakes. @spurs don’t do this to him.

Exclusive: Jacob Tobey is out as the Spurs’ play-by-play announcer after his girlfriend accused him of cheating on her with the sister of a player on the team, sources told FOS. Tobey’s girlfriend posted about the alleged affair on his Instagram story in the middle of the night.

@Storage_Venture I’m shocked at how hard it is for people to pick up the phone and be good at just talking to people. I’ve been calling some old leads and making new calls and it’s just really the best and only way to find good deals.

Cold called a storage owner today. 78 years old. Built the place in 1994. Me: Ever think about selling? Him: Nobody's ever asked me. That's the whole business right there. The best deals aren't listed. They're owned by someone waiting for one phone call.

@Hunterjones @Storage_Venture 😂

@Storage_Venture Codie says they’re amazing and will let you retire

Looking at a laundromat + storage deal. Laundromat actually throws off more revenue than the storage. What do I need to know about owning a laundromat?

@Storage_Venture @realEstateTrent Hide this in your rate increase. I automatically dislike your company if you come in at the end and charge a CC processing fee. Just annoying to me. But not everyone sees it that way

@realEstateTrent I go back and forth on this in our self storage business. Currently we pay for it.

Vendors seem increasing tired of paying credit card fees. Both our insurance company and HVAC vendor notified us of the same today.

Today, we’re launching our home robot Isaac 1. Isaac 1 deliveries will begin this fall. Order yours below.

@Storage_Venture Wise beyond your years

Most storage "gurus" have never raised rents in their life. Maybe the owned a facility in 2021 that was third party managed. Maybe. They sell you theory because they've never once felt the fear of sending that letter or talking to an upset customer. If your mentor can't show you a rent roll, they are a content creator. Not an operator. Careful out there folks.

@TristenPalori @Storage_Venture A number of people are doing this 100% of their time. Hold nada but acquire machines. Not sure they sell everything but they put out a bunch of “deals”

@Storage_Venture Should I just wholesale storage for a living? $100k on one deal is insane.

Had a New Mexico facility under contract at 500K. Didn't fit my buy box. Tried to wholesale it at 525K with owners permission. Couldn't move it. Let it go. Found out another wholesaler picked it up 2 months later for 550k and assigned it for 650k. Made $100K on the deal I walked from. Lesson? I'm not a wholesaler. Know what game you're actually in.

@Storage_Venture Bruh. Call me next time. Done a few in my day

@sportsguyjose No one forced season ticket holders to sell BOTH game 1 and 2. Game one forgivable, make some $$. Game 2 should have been packed with way more of our fans.

Many Spurs and Knicks fans have been priced out of the NBA Finals. Only difference is one fan base can afford to invade the other’s arena.

@TylerGlasscock_ Gas is $5 a gallon. You think SA fans aren’t going to cash in on a nice payday. Some paid for their entire season ticket package by selling out last night. Hopefully they made their bank and will hold and show up for game 2. We are fine. GSG

This is truly embarrassing. How as a fanbase did we allow this to happen?

Greetings, @NBA Finals.

@Storage_Venture @ItsAlexStarr Connect me bud!! I’m building this stuff but need next level knowledge and/or help to get it really cooking

I should give credit where credit is due. @ItsAlexStarr is the genius behind anything and everything AI for businesses!

A serious first pass on a storage deal used to take me 2-4 hours. Now it takes no more than 20 minutes. I built an AI project that reads the OM, pulls county data, builds a 5-year pro forma, and flags every line where the broker’s expenses are fake. The ROI isn’t the time saved. It’s the deals I see now that I used to skip because I didn’t have 4 hours to spend on a maybe. More deals analyzed = more value-add stories found = more LOIs written. What would you automate first in your deal flow?

@spencertbarber You can have my husky shepherd mix where do I drop him

I’m caving and getting my kids a dog. Tell me why I shouldn’t just follow the crowd and get a golden doodle?

@nativ_og @hymnduncan Nailed it

@hymnduncan Terrible. He’s forcing way too much. Unfortunately, Mitch’s inexperience is showing and this is where Pop is sorely missed. Has to get everyone to settle down.

Keldon has been unbelievably bad in this series man 😔😔😔

@keyywann @Storage_Venture Yes. Unless there’s some massive upside somehow. But on something that small after debt service you’d be lucky to clear $10k in your pocket every year.

@Storage_Venture I’m looking at a smaller 50 unit right now Asking $680k Rev in 2025 was 71k, with 48k NOI 93% occupancy. Massive overpay at 680k?

Sold a self-storage facility today. Bought April 2024 for $475K cash Sold April 2026 for $750K seller-financed. Here's the full deal breakdown 👇 Funny enough, we sold the facility back to the same owner we bought this from! A true win-win story. Details: -Near vacant brand new climate-controlled conversion. -Owner converted an old furniture store and didn't have the bandwidth to spend time in operations and lease up. We did, so we purchased it. -All cash purchase -South Carolina market. Acquisition Purchase price: $475,000 2 years of NOI during lease-up : $61,886 Capital Recycle 10 months after purchase: Cash-out refi: $200,000 Pulled 42% of my basis out tax-free at month 10 and that capital went straight into the next deal Exit Sale price: $750,000 (58% price lift) Buyer Down payment: $200,000 (paid off the refi loan) Note I hold: $550,000 @ 5%, balloon due April 2027 Prepaid interest collected at close: $27,500 - We collected prepaid interest for the year so we could re-invest the interest funds. This actually takes our 5% interest to double digits, while keeping buyer's interest payment reasonable. The Returns: Total profit: $364,386 Equity multiple: 1.77x Annualized return: ~38% IRR with refi factored in: ~42% The Playbook: - Buy cash in secondary markets - sellers trade price for certainty (doesn't have to be your cash!) - Stabilize operations for 6-12 months - Refi at conservative LTV with relationship lenders - Exit with seller financing to maximize price + collect yield on the way out This was a super small facility (about 10k rentable sq ft) that we bought for the price of a single family home in a many markets. Nothing about this was sexy. It wasn't a home run. It was a simple, small deal that produced a profit. If you have questions about self storage - reach out, I love talking shop!

@textodd @SportsCenter @ShamsCharania @NBA @spurs This is a very solid take. I’ve never heard “refs you suck” chant so many times in 2 playoff games

@SportsCenter @ShamsCharania This is TOTALLY on the @NBA for the way they were officiating the game. Blazers allowed to hack. Body check. @Spurs called for touches on the other end. Spurs need to break some legs. If they're gonna call it like that. Cool. Make those fouls pay off.

Breaking: Victor Wembanyama has entered concussion protocol and is out for the remainder of Game 2 vs. Portland. (via @ShamsCharania)

@Storage_Venture Huge cash flow with little effort. Lemme think on this one 😂

Got an unexpected offer on one of my stabilized facilities. $1.6M. I bought it for $710K two years ago. Takes my cash-on-cash from 19% down to 0. I could 1031 into something 3x bigger. Or I could keep collecting the monthly check and stop adding chaos. What would you do?

@Storage_Venture @TristenPalori Don’t be that guy if you can help it

@TristenPalori I hope not overpriced! … although I’ve made a lot of money from Buyers in their last week of a 1031 😬

Wemby is ridiculous