Justin Colby

You essentially don't have any tenants. You do in the sense of you have a client that pays you every month. But if they don't pay, you lock their stuff and then sell it in 30 days. Like it's the most easy transaction is so spreadsheet driven that anybody that is good at spreadsheeting math, like at a little bit can look at something and say, that's a good ROI.

You essentially don't have any tenants. You do in the sense of you have a client that pays you every month. But if they don't pay, you lock their stuff and then sell it in 30 days. Like it's the most easy transaction is so spreadsheet driven that anybody that is good at spreadsheeting math, like at a little bit can look at something and say, that's a good ROI.

It's that simple because you don't have the variables you would with a single family home or an apartment. You just don't. There's not the human component of it. And so I love them. If I had more time in my life, I would probably focus more on that. But I've invested so much energy time in the residential space. I'm there. Right.

It's that simple because you don't have the variables you would with a single family home or an apartment. You just don't. There's not the human component of it. And so I love them. If I had more time in my life, I would probably focus more on that. But I've invested so much energy time in the residential space. I'm there. Right.

But I would say most people like a Dan Fleischman watching this, listening to this, have some intrigue in storage. It is a great place to put your money.

But I would say most people like a Dan Fleischman watching this, listening to this, have some intrigue in storage. It is a great place to put your money.

I just like storage units. The storage unit industry is so unique because you have the big box storage units that we're all aware of, those massive ones, right? It's hard for us little guys to kind of do that unless we build them. But you can build them. So one of the things that my partner and I were looking at is we were looking at an old, is it a Toys R Us in Vegas? Oh, really?

I just like storage units. The storage unit industry is so unique because you have the big box storage units that we're all aware of, those massive ones, right? It's hard for us little guys to kind of do that unless we build them. But you can build them. So one of the things that my partner and I were looking at is we were looking at an old, is it a Toys R Us in Vegas? Oh, really?

But then you build, so you pop the top of the Toys R Us, take it to five stories, as long as the zoning can happen. And then you build an internal storage facility and everything's inside the store. Right. So there's a door just like a store. And then all the storage facilities are inside and it takes a boatload of money.

But then you build, so you pop the top of the Toys R Us, take it to five stories, as long as the zoning can happen. And then you build an internal storage facility and everything's inside the store. Right. So there's a door just like a store. And then all the storage facilities are inside and it takes a boatload of money.

I think it was like a 20 million dollar raise we were going to have to do if we wanted to do it. But oh, my God, it is just it prints money after that. And it's all inside because Vegas has that extreme heat and whatever. And so outside storage is an ideal.

I think it was like a 20 million dollar raise we were going to have to do if we wanted to do it. But oh, my God, it is just it prints money after that. And it's all inside because Vegas has that extreme heat and whatever. And so outside storage is an ideal.

And then you lock it and then sell it. And it's just, I love it. But there are different verticals, right? Like the really kind of small mom, pop, stop people you want to, like you and I would only really want to be looking at 50,000 square feet or more would be where we would want to be investing or buying or whatever.

And then you lock it and then sell it. And it's just, I love it. But there are different verticals, right? Like the really kind of small mom, pop, stop people you want to, like you and I would only really want to be looking at 50,000 square feet or more would be where we would want to be investing or buying or whatever.

But there's a lot of these like 20,000 square foot spots in Tulsa, Oklahoma that you could go make four or five grand a month. And maybe that may not feel like a lot of money, but like. Compounds, yeah. You go get fucking 100 of those things. Right. Right? And it's like really not. And you don't have to even do everything I just talked about.

But there's a lot of these like 20,000 square foot spots in Tulsa, Oklahoma that you could go make four or five grand a month. And maybe that may not feel like a lot of money, but like. Compounds, yeah. You go get fucking 100 of those things. Right. Right? And it's like really not. And you don't have to even do everything I just talked about.

Like those little ones that are 20,000 square feet, no real need for security. They're smaller. You guys all know the ones we're talking about. Like usually kind of on the side road of the freeway. Like it's just awesome. Right? And so I'm like you. I have this like want and more to do it. I just got to find the time.

Like those little ones that are 20,000 square feet, no real need for security. They're smaller. You guys all know the ones we're talking about. Like usually kind of on the side road of the freeway. Like it's just awesome. Right? And so I'm like you. I have this like want and more to do it. I just got to find the time.

Right now, so last year I bought four apartment complexes, but they're all burnouts essentially. They're all like vacant and just destroyed. And so a lot of my time right now is turning those, right? Because they are great upside opportunity if done right.

Right now, so last year I bought four apartment complexes, but they're all burnouts essentially. They're all like vacant and just destroyed. And so a lot of my time right now is turning those, right? Because they are great upside opportunity if done right.