Constructing a New Self Storage Facility from the Ground Up - Interview w/ Charlie Kao

[@Mr.Moneybags40]

this guy really knows his stuff.. this was basically a mastersclass in self storage !!! ."the riches are in the niches "

[@Retipster]

Yeah, no kidding! I agree.

[@Dickinso121]

☕️☕️☕️❤️❤️

[@RodneyRoss]

This video is the most comprehensive straight-to-the-point information I've found in 30+ hours of browsing YT about self storage. Really fantastic questions and thorough answers. We're under contract on our first facility and were about to make two very costly mistakes that we can now avoid due to this information. Thank you for taking the time record this.

[@Retipster]

Thanks for the kind words, Rodney! I'm glad you found it helpful. I also learned some valuable insights for a new build I'm working on. It pays to know people who are in-the-know!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@joryhicks4928]

If you don't mind me asking, what were the 2 mistakes you were about to make?

[@JohnnyRFarmer]

Don't be upset that it was the first one I watched. I am blown away by this guys information.

[@twinoakscapital]

If you are finding value in this video. We do have a consulting program to make sure you don't make many other mistakes.

[@blacca537]

2 mins in, ALREADY an incredibly informative & educational interview. Thank You!🙏🏽👍🏼

[@Retipster]

Alright! That's why we like to hear! Thanks for watching, Blacca!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@pjwallace2161]

100% wealth of information

[@alexpropman1062]

What great information he is giving. Most people are so secretive and won't share their knowledge. This is very refreshing... and very rare.

[@Retipster]

I thought so, too! Thanks for watching and sharing your thoughts. :)

[@DaveLopezMixing]

Wow! A gold mine of information. Thanks for posting, REtipster!

[@Retipster]

Thanks for watching, Dave!

[@ashleyzh7173]

Omg. charlie is an expert, top notch. He knew so much more than the guru out there

[@jamesmcnamee529]

great interview, Charlie is giving away all the industry tips.

[@hankbrooks6414]

This was great!!! Thank you for sharing all of your knowledge and experience.

[@Retipster]

Thanks for watching, Hank!

[@alwaysvacationing5341]

Lots of GREAT detailed info in a short period of time. Thanks.

[@Retipster]

Thanks for watching!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@lionelmcadams2128]

watched all the way through. I needed to see this

[@Retipster]

Thanks for watching! I'm glad it helped!

[@scottkidd1969]

This is a great walk through of a new construction self storage, from start to finish. There are so many things to consider, best to hire the experts.

[@Retipster]

Thanks for watching! I agree; there are a lot of things to think through.

[@brownsense1]

goodness gracious this guy is a freaking genius!

[@pjwallace2161]

😂😂

[@billyjack5688]

I built me some storage units and they are alittle over one year old. I enjoy working them and working with the clients and since I am retired it has worked out real good for me. I am glad to have come across your video and will be subscribing.

[@Retipster]

Thanks for subscribing, Billy!

[@uhhcrave]

Great video! I really enjoyed it. One question: it’s 45$/SF for the total project cost? or just improvements (construction)? Thank you!

[@JohnSmith-dj5gf]

Love it when a dude with his hat on backwards is a multi millionaire and skools everybody!

[@Retipster]

It happens that way more than you know!

[@TomT-ru8wz]

@@Retipsteragree 100%, the majority of people you think are rich are actually just in massive debt from trying to feign wealth. Every 8-figure net worth person I know is super humble and you would never know they’re so wealthy. Rich people don’t get rich by wasting money buying luxury cars and designer clothes, they get rich by working hard, pinching Pennies, and making their money work for them. That same money you spent on a fancy car to impress people you don’t know could be earning you 5k+ a year compounding. Never think about today, think about 10 years from now. It’s all about building wealth, not looking or acting rich

[@kayvonmansouri]

So much to learn here. Brilliant

[@Retipster]

I agree!

[@omnirealtyassoc]

Very good info. Thanks

[@Retipster]

You bet!

[@jodieewing8699]

3:13 in the business of storage units there are 3-5 businesses in storage units, with in storage units guns antiques, boats or have them actioned off that's the business that is WT

[@antonioselman]

Thank you for sharing from Europe! Great entrepreneur.

[@Retipster]

Thanks for watching!

[@nickludwiczak1166]

Thank you for providing so much value!!

[@Retipster]

Thanks for watching, Nick!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@jeremyghent4973]

Is there a particular lighting/security manufacturer you like to use?

[@dann110]

What was the cost of this particular build?

[@G-Drives]

This was such a informative video!

[@Retipster]

Thanks for watching! Glad it was helpful!

[@Whitebreadonly]

Damn this guy really knows his shit. He must have been doing this for a while. It also looks like a nice new facility he’s building there too. I’d take a look his facility out to see about renting a unit if I lived there, but I don’t. I’m paying $215 a month right now for a unit in a storage facility that lets people keep their boats, vehicles, and trailers all over the place. Plus they leave fucking Uhaul trucks and trailers everywhere. It’s a pain going in and out of there every single time I have to go in there. It’s like driving through a damn obstacle course.

[@Retipster]

Thanks for watching! It sounds like you should uproot your whole life and move everything to Newaygo, MI _just to rent a unit at this facility,_ haha. It's THAT good!

[@robthebuilder4004]

Very good video. I have a storage facility and am developing another. Mine are in Ontario Canada so some of the rules are a little different and time lines are longer. Even with the correct zoning the consulting and agency testing needed, take at least a year and then construction can start so it’s probably a two year building process. Well worth the watch.

[@Retipster]

Thanks for watching, Rob! Good to hear about some of the differences between Michigan and Ontario too.

[@G-Drives]

Hey Rob! This might be a long shot but I’m getting into the storage space in Ontario as well. Would love to connect & chat if you’re open to it? Thanks!

[@robthebuilder4004]

@@G-Drives sure. Not sure how to connect.

[@scottmarker-treasurevalley7244]

Great information, thanks!

[@Retipster]

Thanks for watching!

[@scotthanford9619]

Excellent interview. Good luck with the project. Looks great.

[@Retipster]

Thanks for watching, Scott!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@joses2505]

wow. Ive never learned so much..

[@Retipster]

Glad to hear it!

[@weissomar185]

Great job.

[@aokchemdry60102]

12:27 I wonder if you could put in a heating system in the concrete to just melt the snow. Sure it would cost a lot but how much is that plowing over the years?

[@Retipster]

I've wondered that too. My gut tells me it's cost prohibitive, not just in the installation but also in the energy to run the heat. If it was an obvious benefit, it seems like everyone would be doing it. That's just my conjecture though, I've never looked into it myself.

[@filipvucemilovic]

Great video! Thanks for sharing all the thoughts and expirience. Only thing to improve on is the sound quality. A clip on mic would of made it a lot better watch.

[@Retipster]

Thanks for the suggestion! Perhaps we'll try that next time.

[@buildingAbiz]

This video is incredible! It just got me to subscribe to your channel! Looking forward to seeing your other vids!

[@Retipster]

Alright! Glad to hear that! Thanks for subscribing.

[@buildingAbiz]

@Retipster your super welcome, thank you for putting out awesome info! It's very helpful for my self storage investing journey 🤓

[@Therealmarisag]

Do you ask clients to show proof of insurance for their rvs or boats?

[@Maxbrwn]

Man this guys is an info bomb! Thanks for the video

[@Retipster]

I know! Right? Thanks for watching!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@jessysaini1]

How do you calculate 45 dollars per sq feet ? With land or just building.? Thanks

[@uhhcrave]

I also had the same question.

[@billcouture6761]

Awesome information! I'm constructing a 2 building, 14,700 SF now in Eastern CT. What are you doing for height from top of finished pavement/concrete to base of concrete floor? My site engineer used a 6" rise which in my opinion, is pretty high. From my research, it seems a 2-3" rise is more common.

[@Retipster]

When you say, "rise" do you mean the total thickness of the concrete, or just the lip that comes up from the base? The thickness of my foundations is 5 inches, with 12 inch footings all around it (this is in Michigan, which is pretty similar climate to CT).

[@billcouture6761]

Appreciate the fast response. I'm referring to the distance from the top of the finished asphalt/concrete to the bottom of the roll-up doors. Basically, the lip rise at the edge of the foundation slab above the asphalt.

[@tylerparham9198]

Looking to develop a small piece of property in Augusta Georgia. Storage facility is the top my list but I have no idea where to begin.

[@blacca537]

Does Charlie do any type of education training/videos..?

[@Retipster]

He's got a KZbin Channel here: kzbin.info/door/92MZRMrkvTrwxsZfn9rKcw

[@Dickinso121]

☕️☕️☕️❤️❤️

[@timruddy2036]

Do you supply to canada

[@CringeyReviews]

this is cool

[@sharonsmith4248]

on climate control building would you add perimeter access storage

[@twinoakscapital]

It would depend but alot of times if it's only climate control facility that has a locking gate code in front, but if you have a hyrbrid or outside parking we likely would. You can learn more about us on our KZbin Channel @twinoakscapital

[@BePo-j2k]

Great information but maybe they should have filmed it in another area, away from the drilling and hammering.

[@Retipster]

Sorry about that. It's hard to control the noises on a construction site.

[@armaanpremjee146]

Love it!

[@Retipster]

Thanks for watching, Armaan!

[@Dickinso121]

☕️☕️☕️❤️❤️

[@RickyTikkiTavi77]

Wow

[@jodieewing8699]

The building is time and Co 😂😂❤🎉😢

[@kevinilg2657]

How do I get ahold of this guy?

[@Retipster]

Here's his website: www.twinoakscap.com/

[@candicegaines2764]

How many acres do you normally need for a self-storage business?

[@Retipster]

It depends on how many square feet you want to build and how much storage your market needs. I would like to see at least a few acres, but preferably in the 4-10 acre range (more is just an added bonus).

[@candicegaines2764]

@@Retipster Thank you for responding. I am a Realtor. If anyone is looking for land to develop a self-storage facility and want to be in the Savannah, GA area I have a property on the market that has 4.88 acres of land in Rincon, GA which is 20 miles from Savannah. It's zoned for commercial or industrial development

[@Stealth11574]

What metal building company did you go with?

[@Retipster]

I believe he used this company: www.peaksteelbuildings.com/

[@RockedOnPodcastNetwork]

CHARLIE GET A HOLD OF ME. I HAVE A DEAL FOR YOU.

[@jodieewing8699]

❤😮

[@scottbradentx]

yeah he has a LOT more room between buildings than I usually see

[@Retipster]

Yeah, I was thinking the same thing! There are probably a lot fewer accidents this way.

[@twinoakscapital]

Quality has a cost

[@stephensimon7781]

@@twinoakscapital how do I hire you for consulting?

[@Dickinso121]

☕️☕️☕️❤️❤️

[@jodieewing8699]

🎉 15:52

[@wearelandspecialist8731]

💯💯💯💯

[@romie7054]

Some of these investors ain't gonna live 2 to 3 more years.

[@Retipster]

How do you mean?

[@Dickinso121]

☕️☕️☕️❤️❤️

[@Wadley225]

I wouldn't want a self storage place, collecting the small amount of rent each month from many many people has got to be a big headache. Keeping track of who paid and who is behind, etc.

[@Retipster]

It's actually pretty easy with the PM software available these days. Most of these payments can be collected on autopilot and notifying late payers can be done with a click of a button.