The Do More Podcast

Top 2 underwriting mistakes people make when deals fail

Understanding the intricacies of real estate investing is crucial, especially in today’s fluctuating market. One of the main points I want to share today is the importance of a solid capital stack and how it can make or break your deals. Many investors stumble by overlooking the stability of their financing, often getting caught up in short-term debt that can lead to serious financial strain down the line. We’re diving into the top two mistakes that can derail your self-storage investments, and I’ll be sharing insights from recent conversations I’ve had with fellow real estate investors that really highlight these pitfalls. Along with that, we’ll discuss the vital role operations play in ensuring your investment thrives, especially when occupancy rates are lower than expected. Stick around as we unpack these important topics that could help you avoid costly missteps in your investment journey.

From Finance to Storage: Tyler Harper’s Journey Implementing AI While Acquiring 20 Facilities in 6 Months

Tyler Harper joins us to share his journey into the self-storage industry, which has seen remarkable growth under his leadership. Since starting in 2022, Tyler and his team have acquired 26 storage facilities, with a rapid pace of purchasing that has them aiming for one deal a week. He discusses how they transitioned from traditional financing methods, like SBA loans, to more streamlined cash purchases as their operations scaled. A key element of their success is the innovative software they’ve developed, which enhances operational efficiency and integrates AI for call management and vendor oversight. Join us as we delve into the strategies and tools that are reshaping the self-storage landscape, and learn how Tyler’s approach sets them apart from the competition.

What Actually Happens Behind Closed Doors at a Storage Rebellion Insider Event And Why It Changes Everything

We’re diving into our recent experience at the Storage Rebellion Spring Event, where I had the privilege of leading the Insiders group. The main takeaway from our discussion is just how impactful these gatherings can be for building genuine relationships and learning from each other. This event was particularly special for me, as I transitioned from being a guest to taking a leadership role, which gave me a fresh perspective on the experience. I brought in some incredible speakers and switched up the format to include hands-on workshops, allowing attendees to engage directly with experts. Overall, it reinforced the idea that the real value lies in the connections we make and the shared journey we’re all on in the self-storage industry.

2 Transitions, 2 Identity Shifts and why Most Entrepreneurs never complete the Journey

We’re diving into the journey of entrepreneurship, focusing on the two major transitions that every entrepreneur faces: leaving the nine-to-five grind and evolving into a true business owner. Many people manage to break free from traditional employment, but a significant number never reach that next level of growth and freedom. I’ve been there, and I share my own experiences about the hurdles of transitioning from being an employee to running my own business. We’ll explore the nitty-gritty details of what holds many people back, such as the fear of scaling, the challenges of delegation, and the mental shifts needed to embrace leadership. Join me as we unpack these critical transitions and discuss why achieving true freedom in your business isn't just about financial independence—it’s about creating a sustainable, self-sufficient enterprise that thrives even when you're not involved in the day-to-day operations.

18 Storage Facilities Later - Here's what I'd do differently

Buying 18 self-storage facilities comes with its fair share of lessons, and today I’m diving into the top nine mistakes I made along the way. These aren’t just trivial slip-ups; they’re real learning points that have shaped my approach to investing in this space. From skipping crucial physical inspections to not vetting my team adequately, each error taught me something important about the business. I’ll be sharing insights on how a lack of planning can impact site access and the importance of verifying payments after closing—because trust me, those details matter. As we unpack these experiences, I hope you find value in my journey, whether you're just starting out or already navigating the self-storage landscape.