All Forum Posts by: John Brennan

Thanks guys. It’s nice to know my initial desire to go with self storage isn’t dead. 

So here is the next twist. I’m in the NYC area which is way to high value for me to start so whatever I buy will be far from home. So I can’t self manage and I wouldn’t trust an in site manager when I can’t be there to oversee them. I’ve been researching the tech for an unmanned facility and it’s interesting but there still needs to be someone hired for clean outs, auctions and a lot of other stuff that I’m sure I don’t even know about. 

I see that the five million and above market is very competitive but there are plenty of smaller facilities on the market for exactly this reason. The management conundrum. 

Hi everyone. I’m John. I’ve had enough standing on the sidelines and want to jump in. The question is:

I’ve been studying self storage for two years and know a lot about it. My problem is that I don’t want to give up my fulll time job as a doctor (yet anyway). So I want it managed and be hands off. This means buying at least a five million dollar property because the management companies aren’t interested in anything smaller. I have no experience in the business and don’t have partners to help me come up with the 1.5 down. 

So do I jump over to residential multi family as it appears that I can put the money down myself and get something where I can have it managed and be as hands off as I’m hoping to be?

Thanks