106: How to Build and Profit from a Self-Storage Facility with Kevin She
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Kevin She is the owner of SC Storage, Hong Kong's leading low-cost self-storage provider with over 60 convenient locations in Hong Kong and Macau, and more than 18,000 self-storage units. He started his self-storage business 18 years ago and has consistently grown in locations and customers. When it comes to self-storage, he is the king!

On this episode, Kevin reveals the step-by-step process of setting up a self-storage facility - from choosing the location to promoting the business. He explains the fundamentals of self-storage and why it is a perfect real estate investment scheme. This discussion teaches entrepreneurs some tips and strategies on how to build a million dollar business, self-storage or not.

Where we are:

• Johnny - Chiang Mai
• Sam & Kevin - Iceland

Links:

• Scstorage.com)
• Sam's IG - Instagram.com/imsammarks)
• Pro pics in Iceland, Contact Michelle Pederson @ Michellepedersonphoto.com

Recommended:

• ArtofFX) – start with just a $10,000 account (reduced from $25,000)
• Fundrise) – start with only $1,000 into their REIT funds (non-accredited investors OK)
• RealtyShares) – try it free
• Wealthfront) – get your first $15,000 managed free
• Betterment) – get up to 1 year managed free
• PeerStreet) – get a 1% yield bump on your first loan
• Traveling Mailbox) - get 5% off subscriptions with 'ILAB' promo code

Time Stamps:

• 13:24 – Kevin She’s Background
• 13:54 – The Process of Setting up Self-storage
• 17:01 – The Building Formula
• 21:06 – The Renovation Process
• 23:20 – Real Estate Hack
• 25:20 – System Input & Customer Access
• 31:52 – Marketing Strategies to fill-up these Storages
• 36:53 – Cap Rates for Self-storage
• 38:34 – Self-storage business competitions
• 40:04 – Billing defaults & late fees
• 44:57 – Possible disruptions on self-storage businesses
• 47:01 – When storage owners become unreachable
• 51:56 – Countries with good self-storage business potential
• 59:33 – Recession & Regulation risks

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