Episode 71: Self-Storage Success with Nick Huber

In this episode, we hear from Nick Huber, who is a serial entrepreneur and content creator. Nick talks about his journey in the self-storage business, how he used his moving and storage company to get a bank loan to build a self-storage facility, and why self-storage is becoming a blossoming industry. He also talks about the importance of having realistic expectations in life, finding the winning team for the business,  and how it has contributed to his success.

Listen to this episode to learn from Nick about the opportunities in the self-storage market and to get some unique advice on how to succeed in business.

Enjoy this episode on your preferred podcast platform!

✅ Apple →  https://tinyurl.com/p9jeucuv
✅ Youtube → https://www.youtube.com/watch?v=fvWvNZhT24Q

Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/

Connect with Nick Huber

LinkedIn → https://www.linkedin.com/in/sweatystartup/
Business Brokerage → https://nickhuber.com/
Personal Brand - https://sweatystartup.com/
Self Storage → https://boltstorage.com/
Bold SEO → https://boldseo.com/
Insurance → https://titanrisk.com/
Recruiting → https://recruitjet.com/
Landing Page / Web Development → https://webrun.com/
Overseas Staffing - https://supportshepherd.com/
Debt and Equity → https://bluekeycapital.com/
Tax Credit → https://taxcredithunter.com/
Cost Segregation → https://recostseg.com/
Performance Marketing → https://adrhino.com/
Pest control → https://spidexx.com/

Time Stamps

[00:02:04] Building something from scratch
[00:05:47] Entrepreneurship changing family trajectories
[00:07:52] Starting a company first
[00:11:17] Shifting investment strategies
[00:14:16] Holding properties for long-term
[00:17:28] Managing expectations in real estate
[00:22:37] Single LP mindset drawbacks
[00:25:18] Real estate market uncertainty
[00:28:23] Forgiving student loans and working class
[00:32:24] Building a great culture
[00:36:43] Hiring in Latin America, Colombia and the Philippines
[00:42:11] Decision-making as a muscle
[00:47:10] Tying compensation to profit
00:48:27] Ownership vs. Profit Sharing

Quotes

"Like self-storage is something that's kind of a ballooning industry where people are drowning in stuff and you're totally taking advantage of that human habit."

"But for the most part, it takes a lot of cash to get in the real estate game takes a lot of cash."

"Stress, in my opinion, is like the mix the gap between expectations and reality."

"In my opinion, all employees are either an A player, B player, or C player."

"It's all about who you hire. If you hire good people, you're gonna win."

"I was just blessed to have amazing people around me. That's the key to my success."

"Out of my 45 employees, I'd say there's like six people who are like 10Xers, like they're very good."

"People who are direct reports to me, we can be friends, but it's not gonna be a goody, goody, friendly".

#pathtowellth #realestateinesting #selfstorage #entrepreneurship #employ