Rob DuBroc @rob_dubroc
Midwest Storage Investor; Twin Dad; KC Area. Joined May 2022-
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Winter turns some storage units into unexpected homes. When it gets cold, people look for a warm spot. Self-storage units with lights or power can become spots for people needing shelter. This isn’t just a sad story; it’s a big risk for storage owners.
Say yes to adventure, no to routine! Picture this: swapping your everyday life for an adventure across the world. That’s what my friend did, leaving for Switzerland with his family and turning their lives into an unforgettable journey.
Why Keeping Stuff Costs More in Paradise! Ever noticed how the cost to keep your things in a storage unit can shockingly change based on where you live? The gap between the Midwest and Hawaii is huge, and it's not just the ocean between them.
Many think running a self-storage is just about answering calls and renting out space. But, there’s a lot more under the surface... It’s definitely not a “mailbox money” bussiness. Especially when your business starts to grow, the game changes completely.
Enough with the Excuses! Every business deals with it - those never-ending reasons for not paying. Sounds familiar, doesn't it?
Less room, more stuff. Ever had to move to a smaller place? How did you handle it? Comment down your thoughts!
You might think storage units are only for things you don't have room for at home. But, the real story is much more interesting. Whether you're in a cozy apartment or a big fancy house, the need for storage changes with your lifestyle and how much money you make.
Thinking about investing? Self-storage could be a smart move. I don’t have a crystal ball, but 2024 is a great year to buy into self-storage.. As long as you’re buying right.
Don't run from problems! Many avoid properties with issues like homelessness, drugs, or break-ins. I see these as an opportunity. Tackling these problems means you can increase a property's income and make it worth more in the end.
You’ve gotta get to know your market before choosing to buy in a city or town!
Don't Hike Rent in September! Ever think about the best time to raise rent? If you’re in the midwest or northern states, September might not be it. Raising rent sounds simple, but did you know September could lead to empty units through the cold leasing environment of winter?
Thinking about investing in self-storage? It’s not just about buying any old storage facility; You’ve gotta make sure that it brings in more money than it costs.
Old Vans as Storage Units: WTF? For today’s WTF moment.. I came across a storage facility made entirely out of old moving vans. Initially, I was impressed. Someone had purchased a surplus of old moving van trailers and turned them into CashFlow. What a great idea!
Think Self-Storage is Boring? Think Again! Imagine a self-storage facility. You're probably picturing clean units and simple transactions. But sometimes, it's a whole different story.
If you find a “Killer Deal” that’s too big for where you’re at, don’t run - find someone who wants to take it down! The rewards can be huge.
Self Storage Meets Tech! Think self-storage is all about padlocks and dusty units? Think again. It's getting a high-tech makeover.
Self Storage: Tougher than a Recession! It's often said that self-storage is recession resistant. But let's clear things up – it's tough, but not invincible.
Boost your storage business profits easily! Ever wondered why there can be such large swings in pricing on airplane tickets, hotel rooms or even storage units? It’s all driven by demand! We call this dynamic pricing.
Unsure of what to expect for expenses when running a self storage business?
Grow Your Self-Storage Business - It's Easier Than You Think! Thinking about expanding your self-storage business? There are a few different methods to adding more units to your portfolio.
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mix self storage,contractor garages and warehouse to derisk an investment. Example: 250k of just self storage is a lot of self storage to lease up. 100k self storage 100k contractor garages 50k warehouse Will lease up quicker and easier.
@MrFamilyOffice Easy to raise for a good deal Easy to allocate for a bad deal Hard to raise for a bad deal Hard to allocate into a good deal
BREAKING: U.S. House has passed a bill to require the detention and deportation of illegal aliens who have been caught committing crimes.
‘95 Defender w/ corvette LS3 engine 💅
@adcock_brett ‘95 Defender with original 300 TDi engine. Mine gets better gas mileage, yours is faster. 🤣
Just answered the best cold call ever. Incoming call from a random CA phone number. Normally wouldn’t pick up, but I did. On the other end was a very well-spoken high school freshman from Los Angeles. He follows me here, is hungry to learn, and wants work as an unpaid intern.…
@sweatystartup Look into Acton Academy. I had this same dilemma. Childhood is wasted on school and needs to be different. I plan on building an Acton in Costa Rica, where I give my kids the best possible experience compared to the dull experience of public education.
@DineshDSouza 70% of her votes came from voters who were not registered to the Republican. I find it completely asinine if this is a primary race for Republicans how other parties can dictate who we as Republicans can put up for nominee.. and where to believe that the election process is fair
@ChrisRamsey60 so you don't approve of "cap call" personalized plate?
@ibuyrvparks As someone who’s wholesaled properties we don’t want to take down ourselves, my conclusion is that experienced buyers don’t care about wholesaler’s margin as long as the deal pencils. Inexperienced/greedy wholesalers don’t leave enough meat on the bone
Well, as much as I didn’t want to… we bought another storage facility! I was against it. I fought it every step of the way. I wanted to be done with storage. But, the numbers worked. Purchased for $29/sqft 10,300sqft 55% occupancy Rent roll currently at $2,350/mo Owners…
@roblabonne Sell the transformation and watch the SKUs move off the shelf.
If you’re working 70 hours a week you’re doing it wrong. I don’t know why we glorify this.
@rob_dubroc Had a guy rent for a month and leave me with 300 tires brutal
@rob_dubroc I put tires on the curb for free and people take em
Extraordinary returns require concentration. Stop trying to master 8 different asset classes at once. Get great at one asset class in one market.
The worst part of self storage.
I can tell the type of person that you are by whether or not you rush to be one of the first to stand in a line to wait to sit on a plane
Play in your 20s. You have the rest of your life to work. That is the worst advice you could ever give anyone. Your 20s sets you apart & can put you ahead massively from others. The idea that you don’t want to play or, for some reason, it’s easier to work your brains out…
You guys buying businesses scare the hell out of me. I’ve worked for a handful of small businesses. The only that were successful were ones where the owners were very hands on and apart of the day to day operations. None were run virtually by some out of state owner.
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