Episode Description
There aren’t many people that think about acquiring Self-Storage, but let me ask you, how does low maintenance, low expenses, and high NOI sound to you? It may surprise you just how lucrative this investment class is. Hunter Jones is a former Multifamily investor, turned self-storage investor focused on the East Tennessee area. Hunter started in wholesaling and Multifamily in 2018 with 2 other partners and grew a portfolio of 100 units in a short amount of time. He is now focused on Self Storage Acquisitions with his brother Harper in the East Tennessee area. Their strategy focuses on acquiring distressed, value adds assets and turning them around for a profit.
Dive in as we talk about how Hunter is able to land great deals that fly under most people’s radar, his transition into self-storage, and the benefits that come with self-storage as an asset!
Getting to know Hunter Jones - [00:01 – 03:00]
I introduce Hunter Jones to the show
Bio
Hunter shares a bit of his background
How Hunter got into real estate
Starting in Single-Family wholesaling
Scaling in multifamily
Transitioned into self-storage
Multifamily turned Self-Storage Investor - [03:01 – 13:29]
How Hunter found multifamily assets that others didn’t see
Sub-institutional - circumventing large institutions by flying under their radar
The value of buying from ‘mom and pop’ ownersWhy Hunter shifted into Self-Storage
Learning about it off of Twitter
The worry-free value of self-storage
Currently treated as a full real estate asset
Similar terms for financing
No access to Fran and Freddy on the bigger units
Large opportunities across the country
Low maintenance and minimal management
Low expense ratio, high NOIGrab your ticket to the MFIN Summit at mfinsummit.com Use promo code QUATTRO
The Benefits of the Self-Storage Asset Class - [13:29 – 22:05]
The difference between multifamily vs. self-storage
Monthly lease in self-storage is the norm
Moral and ethical differences between the two
The difference in the economicsHunter talks about the benefit of in-house management
Building and operating on trust
Full control
Hands-on educational opportunities
The Quattro Trio - [22:06 - 27:26]
What is your superpower?
Operations especially in leasing
What was your biggest failure?
Focussing on too many things at once
How to connect with Hunter
Links below
Final words
Tweetable Quotes:
“I would argue that buying a property is the easy part… Operating these things is really the make or break, you know, executing the business plan.” - Hunter Jones
Want to connect with Hunter? You can follow him on LinkedIn and Twitter and LinkedIn or get a hold of him directly at hunterajones@gmail.com.
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