Chapter
Investing in Storage Facilities
09:52 - 14:00 (04:07)
The speaker discusses purchasing storage facilities at an average of 1.5 to 2 million dollars apiece, and the difficulties associated with managing employees.
Clips
The speaker explains how to evaluate real estate deals based on the net operating income and highlights how investors might lose money on the deal despite having a significant amount in their bank account.
09:52 - 11:23 (01:30)
Real Estate
Summary
The speaker explains how to evaluate real estate deals based on the net operating income and highlights how investors might lose money on the deal despite having a significant amount in their bank account. Also, he emphasizes real estate entrepreneurs' tax benefits to pile up their money in the checking account.
ChapterInvesting in Storage Facilities
Episode#127 with Nick Huber - Building a $10m Self-Storage Business and the Opportunities in "Sweaty Startups"
PodcastMy First Million
The speaker highlights the challenges of managing a large staff, particularly in areas like security, police and contracts, which require background checks and proper management.
11:23 - 14:00 (02:36)
Management
Summary
The speaker highlights the challenges of managing a large staff, particularly in areas like security, police and contracts, which require background checks and proper management.