Jay Bowman is the co-founder of Beyond Storage, and he currently leads the finance, acquisition, and marketing departments. Jay has been an active real estate investor since 2001, and has been a real estate broker in multiple states. His experience has led to him having extensive knowledge in evaluating and purchasing real estate investments, and he personally holds a large portfolio of residential and commercial assets.
Jay has two children with his wife, Jacquelyn, and currently resides in Kentucky.
What you’ll learn about in this episode:
- How Jay’s career evolved from purchasing and flipping properties to investing in storage facilities
- Why Jay felt emotionally worn down from rehabbing homes
- Why Jay describes self-storage as a business that coincides with real estate
- The process Jay uses to find distressed self-storage facilities to invest in, and why he sets his geographical boundaries as wide as possible
- Jay’s experience of using seller financing to purchase his first self-storage facility
- How real estate syndication works in the self-storage sector
- The types of improvements that Jay and his partner have implemented to increase the occupancy and rent for the storage facilities they work on
- What Jay’s typical investor profile is, and the differences between accredited investors and everyone else
- The importance of having a personal relationship when you invest money
- Jay’s insights on self-storage as an asset, and where he sees the sector going in 2022
- Why Jay believes that self-storage is recession-resistant
How to connect with Jay Bowman:
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