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In good times we make money... in hard times we acquire assets
Houses in my town aren't selling. As a matter of fact houses aren't selling virtually anywhere. Mortgage applications were down 90% year-over-year. Self storage brokers aren't able to sell most listings right now. Developers are going pencils-down on anything they aren't pot committed to right now. I'm hearing[...]
General
The race to $15MM in self storage under management
I haven't been as active on here lately. As some of you know Dan and I are doing big things right now. We're closing on the big self storage facility refinance in about 2 weeks and will be pulling out about $2.1MM in equity in the form of cash. We were considering selling the property after we got a nice offer[...]
General
327: How self-doubt sabotages you
One of the toughest things about life is that if you have self-doubt, and insecurity and you think that you're not good enough, that manifests itself and holds you back so significantly. I know you are familiar with insecurity and that's what we're...
Podcast Episode Recaps
How to start a vacation rental or AirBnb management company
Go on craigslist and look at furnished apartments, condos, and homes for rent. Note the number of bedrooms, location, parking etc. Look at condos in great locations. Look at homes near beaches or conference centers. Places near campus in a college town. Those are good targets because they will rent for much more[...]
Tactics and Strategies
378: 378: How to scale your business from 0 $5M+ in revenue
This is my framework for how to scale your business from 0-$5M+ in revenue. I also talk about the importance of sales and why you need to master it if you want to become a successful entrepreneur. Thanks for listening! Like this episode?...
Podcast Episode Recaps
381: 381: How to Hire Exceptional Talent in 2024
A great employee in the US is going to cost you $60-200K. But not everyone needs that when you get started. Here’s how entrepreneurs should hire in 2024. Start with a low cost, low risk hire in LATAM or the Philippines who can do great work for you...
Podcast Episode Recaps
284: Why business friendly locations aren't always the best opportunities
You hear often, "Living in a business-friendly state, is an advantage". That's why a lot of entrepreneurs settle down in not too competitive location to start a business. However, business-friendly locations does not mean profit! Check the show...
Podcast Episode Recaps
Ep 58: How to raise good kids and protecting yourself from real estate bankruptcy
Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice Follow my...
Podcast Episode Recaps
My 2023 predictions - the economy, real estate and markets
Making predictions is a fools errand. The odds of being correct are low so the odds of you looking like an idiot are high. Let me preface this by saying this isn't investment advice . In the real estate business it's all about protecting the downside. Your job as a real estate sponsor (somebody who raises other[...]
General