How to Invest in Self-Storage Facilities

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This episode with Ramel Newerls was powerful! Ramel started investing in residential real estate and built a portfolio of 40+ units. His turning point happened in 2020 when a large percentage of his tenants stopped paying rent.

He decided to invest in a mentorship program to learn about self-storage facilities and the rest was history. He ended up selling part of his portfolio and using the funds to purchase a 88-unit self-storage facility. He went on to purchase a 109 unit and a 106 unit self- storage facility. Ramel’s facilities are in Pennsylvania, Tennessee and Arkansas.

In this episode we discuss funding self- storage facilities, how to find the best markets to invest, advice for new storage facility investors and more 

Highlights

1) When you’re looking for a self-storage facility to purchase, it’s important to target areas where people are moving to.

2)Partnership can help you accelerate the growth of your investment portfolio. Your family members might be your next business partners.

3) Self-storage facilities don’t require the maintenance that residential properties require. Once you have systems in place, it can be mostly passive. 

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