What does it actually take to run a self-storage facility you've never set foot inside, from fifteen hundred miles away, without a single day of real estate experience between you?
Joe Downs sits down with John Gaspar and Robert Figueiredo, co-owners of CubedUp Self Storage in Morganton, North Carolina. The duo are IBM veterans originally from Brazil who fired their third-party management company after just two months and took full control of their facility from Miami, Florida.
In seven months of self-managing, they drove physical occupancy from 70% to 84% and executed a 12% rate increase with zero tenant turnover.
This episode is a masterclass in self-storage operations, remote management systems, and the entrepreneurial mindset serious storage investors need to scale.
If you've been telling yourself, ‘you can't buy a self-storage facility because you're not local’, this episode dismantles that excuse entirely.
Listen For:
3:54 Why They Fired Their Storage Manager in 60 Days
5:41 The Delinquency Fix Every New Operator Needs
8:17 How to Run a Storage Facility From 1,500 Miles Away
14:08 Why Self Storage Thrived During COVID
14:31 The One Thing Stopping First-Time Storage Investors
CONNECT WITH GUEST: CUBEDUP SELF STORAGE
JOHN GASPAR, CO-FOUNDER | OWNER-OPERATOR
ROBERT FIGUEIREDO, CO-FOUNDER | OWNER-OPERATOR
LinkedIn | Facebook | Instagram
CONNECT WITH US
Belrose website | Belrose email | Belrose LinkedIn
Storage Moguls Live. Friday, October 16 in White Marsh, Maryland. One day with self storage owners. Walk through a real facility and learn how they find, finance, and close deals. Only 15 tickets. Register at https://go.storagemoguls.ai/white-marsh-md before Thursday.
