REI153: 1300 UNITS IN 21 MONTHS

W/ SULTAN OF STORAGE

19 December 2022

In this week’s episode, Robert Leonard (@therobertleonard) talks with the Sultan of Storage about his journey into real estate investing from the corporate world and all things self-storage.

The Sultan of Storage spent 12 years in the corporate world at a fintech company before buying his first real estate investment — which was a self-storage facility in February 2021. Today, just over 21 months later, he owns 7 self-storage facilities that encompas 1,300 units and was able to replace his W2 income to invest in real estate full-time.

SUBSCRIBE

IN THIS EPISODE, YOU’LL LEARN:

  • How to leave your W2 job for real estate investing.
  • What self-storage investing is.
  • Why self-storage investing has become so popular and competitive.
  • What to look for in a self-storage facility.
  • What to avoid in a self-storage facility.
  • How to maximize cash flow.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Sultan of Storage: Storage is not a passive investment. It is a very active investment, particularly early on before you reach scale.

[00:00:12] Robert Leonard: In this week’s episode, I talk with the Sultan of Storage about his journey into real estate investing from the corporate world and all things self. The Sultan of storage. Spent 12 years in the corporate world at a FinTech company before buying his first real estate investment, which was a self-storage facility in February, 2021.

[00:00:32] Robert Leonard: Today, just over 21 months later, he owns seven self-storage facilities that encompassed 1300 units and was able to replace his W2 income to invest in real estate full. Self storage has become one of the most popular asset classes over the past few years, and I know there are a lot of people in the audience who listen to this show who want to learn more.

[00:00:53] Robert Leonard: So I hope you all enjoy this week’s episode with the Sultan of Storage.

[00:01:01] Intro: You are listening to Real Estate Investing by The Investor’s Podcast Network, where your hosts, Robert Leonard and Patrick Donley, interview successful investors from various real estate investing niches, to help educate you on your real estate investing journey.

[00:01:23] Robert Leonard: Hey everyone. Welcome back to the Real Estate 101 Podcast. As always, I am your host, and today with me I have the Sultan of Storage. Welcome to the show.

[00:01:34] Sultan of Storage: Thanks, Robert. Glad to be.

[00:01:36] Robert Leonard: Your tweets are entertaining, funny, and informative. You have a pin tweet that says How I bought four crappy self-storage properties in 14 months by listening to one podcast, sending out 50 letters, making one phone call, and paying $1,500 to talk to a stranger on the internet.

[00:01:55] Robert Leonard: All of this made you jump down the self storage rabbit hole. Let’s go through each piece of that. What was the podcast you were listening to and why was it so inspiring?

[00:02:05] Sultan of Storage: I think it was almost exactly two years ago to the date I listened to an episode of my first Million podcast. With Sean and Sam, which I’m sure many of your, your listeners also also listened to, and they interviewed Nick Huber, who at the time had built a self-storage portfolio about 10 million.

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