Justin Colby

Yeah.

Yeah.

That's why I like it.

That's why I like it.

Yeah.

Yeah.

I have one unit I would love more. It was brought to me by a storage unit. He's a partner. I'm a partner in the deal, obviously, but that's his main business. And so he basically came to me and said, hey, I'm looking at buying several. I could raise some capital. Do you want to be involved? And I was like, absolutely. But the idea of why I want more is because of what you're talking about.

I have one unit I would love more. It was brought to me by a storage unit. He's a partner. I'm a partner in the deal, obviously, but that's his main business. And so he basically came to me and said, hey, I'm looking at buying several. I could raise some capital. Do you want to be involved? And I was like, absolutely. But the idea of why I want more is because of what you're talking about.

Like, it's a pretty straightforward business. You want to there is a CapEx side of that. You want to create the valuation really fast to go as high as it can really fast. And then you kind of just are going to end up sitting there. So things like security systems paint a gate around the complex. Those are like your rehab, right? I mean, that's really the extent of it.

Like, it's a pretty straightforward business. You want to there is a CapEx side of that. You want to create the valuation really fast to go as high as it can really fast. And then you kind of just are going to end up sitting there. So things like security systems paint a gate around the complex. Those are like your rehab, right? I mean, that's really the extent of it.

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.