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066: Building a Legacy Through Self-Storage with Travis Baucom

066: Building a Legacy Through Self-Storage with Travis Baucom

FromZen and the Art of Real Estate Investing


066: Building a Legacy Through Self-Storage with Travis Baucom

FromZen and the Art of Real Estate Investing

ratings:
Length:
47 minutes
Released:
Sep 7, 2023
Format:
Podcast episode

Description

Investing in traditional forms of residential real estate isn’t for everyone. Tenants may not pay, HVAC units break, and a litany of problems can arise. If you want to invest in real estate but don’t want the hassle of regularly dealing with tenants, there are some asset-class alternatives that may be perfect for your particular willingness to deal with the hassle. One of those is self-storage units. Self-storage units today are often mostly self-managed, making them an ideal investment for someone who wants a low-maintenance investment opportunity. You can increase rents, and tenants will often stay anyway because they don’t want the inconvenience of moving their stuff. In the right locations, there are great deals. For these reasons and more, self-storage can be an appealing way to get into the real estate investing game.  In this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Travis Baucom to the show. Travis shifted his focus from investing in multifamily and residential real estate to self-storage a few years ago. It quickly took off, and as a syndicator, he helps others get into the self-storage investing game. Travis has learned a lot of lessons about what works and what doesn’t in self-storage, and he explains to Jonathan why it’s perfect for someone who wants to avoid the problems that can come with residential tenants. Don’t miss his wisdom about what to look for in a self-storage opportunity. In this episode, you will hear: What drew Travis Baucom to self-storage after a long stint in residential real estate The benefits of self-storage How he staffs his facilities, and why some of them aren’t staffed at all Some of the different types of self-storage units and Travis’s preferred types Why mom-and-pop self-storage facilities make it easier to add units His first self-storage purchase and why both low and high occupancy have benefits The ability to raise rents on self-storage and why most people will stay despite increasing rent The data Travis considers about the area when he’s looking to buy a self-storage facility Why he prefers not to do ground-up construction and instead add expansions The average occupancy rate of the facilities Travis takes over What he looks for in a unit--from size to location and what his investors are looking for How storage facilities are more recession-proof than other investment vehicles Travis’s advice for someone looking to invest in self-storage Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/066 to download it. Supporting Resources: Balcomie Capital website - www.investinstoragedeals.com Find Travis Baucom on Facebook - www.facebook.com/people/Travis-Baucom/8359225 Travis on Instagram - www.instagram.com/travis_baucom Connect with Travis on LinkedIn - www.linkedin.com/in/travisbaucom Find Travis Baucom on Twitter - twitter.com/TravisBaucom Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties   Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and
Released:
Sep 7, 2023
Format:
Podcast episode

Titles in the series (100)

What if you could learn from experienced real estate investors, find out what got them to where they are now, get insight into their daily habits, and take these insights to inspire your own growth? That’s what each episode of Zen and the Art of Real Estate Investing brings. Hosted by Jonathan Greene, a real estate investor for more than 30 years, as well as advisor and coach, the founder of Streamlined Properties and the Team Leader of Streamlined Properties On-Market, brokered by eXp Realty, every episode is an in-depth look at the mindful approach to real estate investing. If you are looking to start from scratch, get to the next level, or just for a straightforward and honest approach to real estate investing, Zen and the Art of Real Estate Investing is the free mentorship program you can take with you anywhere.