Description

Investing in traditional forms of residential real estate isn’t for everyone. Tenants may not pay, HVAC units break, and a litany of problems can arise. If you want to invest in real estate but don’t want the hassle of regularly dealing with tenants, there are some asset-class alternatives that may be perfect for your particular willingness to deal with the hassle. One of those is self-storage units.

Self-storage units today are often mostly self-managed, making them an ideal investment for someone who wants a low-maintenance investment opportunity. You can increase rents, and tenants will often stay anyway because they don’t want the inconvenience of moving their stuff. In the right locations, there are great deals. For these reasons and more, self-storage can be an appealing way to get into the real estate investing game. 

In this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Travis Baucom to the show. Travis shifted his focus from investing in multifamily and residential real estate to self-storage a few years ago. It quickly took off, and as a syndicator, he helps others get into the self-storage investing game.

Travis has learned a lot of lessons about what works and what doesn’t in self-storage, and he explains to Jonathan why it’s perfect for someone who wants to avoid the problems that can come with residential tenants. Don’t miss his wisdom about what to look for in a self-storage opportunity.

In this episode, you will hear:

• What drew Travis Baucom to self-storage after a long stint in residential real estate
• The benefits of self-storage
• How he staffs his facilities, and why some of them aren’t staffed at all
• Some of the different types of self-storage units and Travis’s preferred types
• Why mom-and-pop self-storage facilities make it easier to add units
• His first self-storage purchase and why both low and high occupancy have benefits
• The ability to raise rents on self-storage and why most people will stay despite increasing rent
• The data Travis considers about the area when he’s looking to buy a self-storage facility
• Why he prefers not to do ground-up construction and instead add expansions
• The average occupancy rate of the facilities Travis takes over
• What he looks for in a unit--from size to location and what his investors are looking for
• How storage facilities are more recession-proof than other investment vehicles
• Travis’s advice for someone looking to invest in self-storage

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/066 to download it.

Supporting Resources:

Balcomie Capital website - www.investinstoragedeals.com

Find Travis Baucom on Facebook - www.facebook.com/people/Travis-Baucom/8359225

Travis on Instagram - www.instagram.com/travis_baucom

Connect with Travis on LinkedIn - www.linkedin.com/in/travisbaucom

Find Travis Baucom on Twitter - twitter.com/TravisBaucom

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties  

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.