HIGHLIGHTS OF THE EPISODE
02:06 Background of the guest – Sergio Altomare
11:07 Pipeline of Deals
13:15 Having an Efficient Cash Flow
16:25 Zoom Open House Tour KEEPING IT REAL
20:35 Scaling the Property with the use of Technology
30:07 Why Own Storage Units
35:48 Self Storage Investing
37:53 Opportunities in the Self Storage Facilities
40:05 Factoring Supply and Demands
43:42 Duration of Storage Tenants
ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:
50:48 Favorite Book – Rich Dad Poor Dad by Robert Kiyosakyi | Think and Grow Rich by Napoleon Hill
51:46 Best Habit – Meditation | Journaling
51:55 Best Tool – Journal | Planing 2 to 3 days in advance
52:13 One 300 Unit apartment building or one 300 unit storage facility – managing storage facility
52:44 Class A or Class C – Class C
52:48 Cash Flow or Equity – Equity
52:56 Self managed or outsource – self managed
BOOKS MENTIONED IN THIS SHOW
Rich Dad Poor Dad by Robert Kiyosakyi
Think and Grow Rich by Napoleon Hill
NOTABLE QUOTES (KEY LESSONS):
“If somebody sends an inquiry on a property, you have to get him back immediately if not, sooner. A potential tenant wants to hear back in an hour or less, if not, chances are they’ve moved on.”
“If you want to do a good deal, you have to get deep into the weeds. You can’t cut corners. There’s so many books out there that have written the instructions on how to analyze properties.”
Website: https://experimentrealestate.com/
Let’s build!
Ruben Kanya, The Real Estate Experiment