How He Makes $150,000 a month from Self-Storage Units

Welcome self-storage king Ramel!
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Discover the secrets of self-storage investing with Ramel on today's Wealthy Investor podcast. Learn why mom and pop facilities are the way to go and the low maintenance advantages of this niche. Plus, hear valuable insights on overcoming challenges like rent collection. Tune in for expert advice on building wealth through real estate without using your own money!

Ramel focuses on teaching others how they can start and grow their wealth through real estate without using their own money. Ramel specializes in self-storage and shares his strategies in today’s episode of the Wealthy Investor podcast.

Ramel suggests focusing on buying mom-and-pop-owned facilities, rather than buying from a big corporation like U-Haul and Public Storage. Something Ramel loves about self-storage investing is that the maintenance is so low. In residential real estate, you have repairs and renovations in plumbing, electric, and more. Self-storage is much lower maintenance and has a more straightforward renovation plan.

While self-storage sounds great, Brian inquires about the difficulties in the self-storage business. Something tough in the business can be collecting rent. If a customer is struggling with their home bills, they’re not going to pay their storage bill. Ramel walks Brian through the steps he can take to resolve the issue. Listen in to hear more about it!

Listen to the entire podcast to learn more about getting started in self-storage facility investing, how to hire for your real estate team, and more!