Скачать или смотреть $350K/Year by BUILDING, Not Buying Self Storage (Development 101) | Episode 306

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What goes into a self storage development deal? You’re about to find out! Today, we’re breaking down the first self storage facility we ever built—everything from the property’s financials and the construction timeline to how we ultimately turned a $4.3-million project into a $13-million self storage business that generates over $350,000 in annual cash flow!

In this episode, AJ and George will show you how to take an initial concept and turn it into a fully stabilized self storage facility, step by step. The truth is that many developers approach self storage from the wrong angle, so we’ll show you what to focus on before getting started—like narrowing down your target customer and building with them in mind to the dangers of cutting corners on quality and focusing more on upfront costs than revenue potential.

But that’s not all. We’ll also share some of the things we wish we knew before building our first facility and the biggest lessons learned that saved us thousands on future projects. Whether you’re curious about the development side of the self storage industry or seriously considering your own development project, you don’t want to miss this one!

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Chapters:
00:00 Intro
01:49 $350K/Year Cash Flow!
07:43 Development 101
10:48 Knowing Your Customer
24:56 Building Self Storage in 2025
31:23 The Development Timeline
38:03 How Much Should You Spend?
43:38 Crucial Lessons Learned
49:21 You’re Not Alone!