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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106: How to Build and Profit from a Self-Storage Facility with Kevin She 01:11:05 Share

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106: How to Build and Profit from a Self-Storage Facility with Kevin She