In this episode, we are again joined by Fernando Angelucci, who has already done $75 million real estate deals in the self-storage space by the age of 30!
Fernando has already been on the show before and shared why he moved into self-storage from other real estate asset classes, but today, he is going to tell us how COVID-19 has affected the business.
Watch now to learn more about business in self-storage, how Fernando dealt with the pandemic, and how you can take your first steps in self-storage too!
Key Talking Points of the Episode
[00:00] Introduction
[01:26] Who is Fernando Angelucci?
[02:40] How did Fernando get into real estate?
[05:14] What Fernando noticed in their portfolio
[07:29] Lien law protection
[07:44] Eviction moratoriums
[08:19] Reaching out to local communities
[09:15] How self-storage is different from other rental businesses
[11:28] Logistics companies
[15:00] Opportunities in real estate
[16:05] Is the self-storage space saturated?
[16:51] The stock market’s effect on self-storage
[18:57] What would be the best way to follow Fernando?
Quotables
“Towards the end of that part of my life, it didn’t feel like the passive income was very passive. I was working 60-70 hours a week on my rental portfolio.”
“Those that had assets did very well, those that did not, unfortunately were left behind.”
“It might seem like a door closed, but as a result, more doors open for creativity in your space.”
“Self-storage is a hyper-localized business, so it’s almost impossible to say that the self-storage space is saturated or not.”
“If the cap rate itself is that bad when you're looking on-market, then potentially, you need to start looking at off-market acquisitions.”
