Road to Family Freedom

In the second part of our conversation with Clint Harris, we talk about how and why we are investing in self-storage. Clint is a successful active investor in short-term rentals, but he is transitioning into investing in self-storage. We talk about why he has made that shift, as well as the strengths of our partners at Nomad Capital. 

In This Episode We Cover:

• The Importance of Diversification into Passive Investing Assets
• The Similarities of the Technologic Shifts that are Happening in Self-Storage and Short-Term Rentals
• Who is Consuming Self-Storage Right Now?
• The Opportunities that the Decline in Big-Box Retail Presents for Self-Storage
• And much more!

Schedule a Call with Us to Talk About Self-Storage

Clint Harris – a short-term rental investor and owner of Salt and Soul Property Management talks to Neil Henderson, the host of The Road to Family Freedom podcast. When we last spoke to Clint Harris in February of 2020, he owned 14 short-term rental units. In this episode, we talk to Clint about how he has scaled his portfolio to over 60 units under management. Clint has been a real estate investor for over a decade with his wife, starting with long-term single-family home investing but has since transitioned into short-term rentals, including their own house on the beach.

In This Episode We Cover:

• The Top 3 Challenges a Short-Term Rental Investors Faces when Trying to Scale
• The importance of working ON your business, not IN your business
• Should you hire experienced short-term rental cleaners or regular cleaners and train them?
• Where are the best places to invest in short-term rentals today?
• And much more!

Books and Resources Mentioned:

After serving almost six years in the Army, Darren Smith has spent the last eighteen years as a professional real estate investor. He has flipped, rented, and wholesaled hundreds of residential properties, and in recent years has purchased several million dollars of industrial properties as long-term holds. Darren’s greatest achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is. His biggest supporters are his wife Lauren and his son Henry.

In This Episode We Cover:

• What is the best way to market for commercial real estate properties to purchase?
• The incredible story of how he earned a $500,000 wholesale fee on one property
• Why your marketing focus should be narrow and deep, not wide and shallow
• Why you should analyze every deal that you come across at the beginning of your real estate journey
• And much more!

Books and Resources Mentioned:

Luke Wong, the founder of 9 Mile Capital, has been around real estate most of his life as his family has always been in real estate. From owning commercial and residential properties to land development. Luke grew up in Miami and graduated from Florida State University. He moved to Houston in 2001 and worked in land acquisitions acquiring land for residential subdivisions. From 2011 to 2020, he renovated houses and owned a wholesaling operation. In the last few years, he has also been actively investing in Commercial Real Estate, such as Retail Centers and Apartment Complexes. Currently, he is focusing on operating, growing, and acquiring more self-storage facilities. He owns/co-owns about 1200 storage units.

In This Episode We Cover:

• What is Clubhouse?
• Luke Wong’s real estate background
• His transition to commercial real estate
• How he got started in self-storage investing passively
• And much more!

Books and Resources Mentioned:

Rob Dubroc is a 35-year-old real estate investor from Kansas City who went all-in on self-storage after testing the waters with house flipping, working as a realtor, and single-family rentals. After grinding those various side hustles he found his way into commercial real estate and self-storage.

In this episode, we talk to Rob about how he bought his first facility for cash and then promptly quit his W-2 job, the challenges of transitioning a poorly check and cash facility into auto payments, the best investment he’s made to help his storage business run more smoothly, and the unique way he encourages stubborn sellers into giving him access to their financials. 

In This Episode We Cover:

• How he bought his first self-storage facility for cash and then promptly quit his W-2 job
• How to transition a poorly run check and cash storage facility into a well-run auto payment facility
• The best investment to help run your self-storage facility more smoothly
• How to encourage stubborn self-storage owners to give them access to their financials
• And much more!

Books and Resources Mentioned: