How Much We Make On 73 Storage Units

Chandler and Garrett go back to the storage units they bought three months ago to share how much they cash flow!
Chandler David Smith has been investing in real estate for the last eight years. He currently on so for $14 million of real estate. In this video he goes over to look at the storage units that he bought with his best friend Garrett Myers. Garrett owns just shy of $4 million worth of real estate. Together they found and purchased this deal and in this video they share the numbers and details! They talk about how to analyze the market to determine what they could increase rent by before purchasing the property. They talk about the financing, rent increases, and much more. If you’re curious about how much storage units cash flow, this video will break down all the numbers for you. Chandler and Garrett share everything you need to know about the steel so that you can duplicate it on your own storage units.
Get $50 off my new Real Estate Investing Course! Use coupon ( 50OFF ) Go to:
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To learn more about a job opportunity doing door to door sales with Chandler, go to:
www.elitesummersales.com/
If you're interested o learn more about real estate investing, and you'd like to start a one-on-one mentorship go to:
www.chandlerdavidsmith.com/
Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home.
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[@CaseyBurnsInvesting]

12 grand is massive money. That’s awesome.

[@ChandlerDavidSmith]

Thanks!

[@josiahhein6036]

Dude these units are a cash cow for sure! Congratulations! My wife and I are hoping to get into self storage after I get some more rentals under my belt. Things are definitely a lot slower at the beginning! Especially being in a more expensive market and not super high income!

[@OlsonTim]

Dude Garrett can't stop smiling, I love his vibe! lol

[@jimstinnett1022]

Have you guys thought about adding a tenant protection plan and requiring customers to opt in? Minimum policy is $12 a month of which you get 60-70% with the protection company getting the rest. 60 customers would be $720 a month with about $400 a month being yours. Also protects tenants in some scenarios.

[@Dee-nm5vo]

That is wrong to require it. Big Turn Off.

[@ctrrentalproperties6731]

Dude! I so would have partnered with you guys on this! I've been wanting to get into storage units for a long time. Congrats on this one. Keep me in mind for the next time.

[@FluxxTrades]

Great video! I like seeing the number side of things and the financing behind it all in the beginning stages!

[@JaedenSchafer]

Dude I'm just mad impressed by how you can juggle all your business's and still hook us up with these rad videos.

[@matt_iverson_clips]

Its actually insane

[@FamilyAdventuring]

You nailed it

[@jillianschafer1318]

It is super crazy

[@kidztravel]

Wild

[@talliswinston5695]

Yeah this video especially is really cool

[@Breezy89er]

I would really enjoy a podcast with you both!!!! I have learned so much on real estate from your course, thanks again.

[@ObstaclestoOpportunities]

Start the Podcast with Garrett the favor he brings to the channel is amazing .. Great team work on the content

[@TL-wy1nk]

Thanks for the break down, that was awesome.

[@russelllayton2477]

I'd love to listen to your podcast! Awesome video guys, you are fun to watch and very smart.

[@joaquinlopez]

Would love to hear that podcast from you two such a good energy 🤣

[@brentr8649]

Keep Garrett on the channel! Great stuff!

[@ObstaclestoOpportunities]

The Man is Super Funny

[@ryancurtis4404]

Where do you go to find storage units that are on the market ?

[@brennenhrebeniuk9661]

Thats over a 28% return or 14% split between them

[@masver2424]

Great video, would like to see more on storage unit bussiness forsure. Very interesting thanks

[@SupercarRanch]

The name of the podcast is obvious. It should be called “With all that being said”

[@kaiserjon584]

Dont know if anyone gives a shit but if you're stoned like me atm then you can stream all of the latest series on instaflixxer. Have been binge watching with my gf during the lockdown :)

[@evansergio8000]

@Kaiser Jon Yea, I've been using instaflixxer for since december myself :)

[@malachinova6106]

@Kaiser Jon yea, I have been using InstaFlixxer for since november myself :)

[@mindbodyandspirit5148]

Him locking you out was hilarious🤣🤣🤣

[@josiahhein6036]

Also congrats on passing 100k subscribers!

[@henrycollins2478]

The yogi ads are arguably the best part of this channel. You also could argue that the best part is all the free knowledge, but the yogi ads are pretty close

[@ChandlerDavidSmith]

Hahaha thanks!

[@yogi.myers.]

❤️❤️🔥😜

[@Lanman1983]

What size are the larger units. And dimensions on that building in total. I have a small prime commercial lot and am contemplating Doing a storage lot Or self storage

[@truthoverall]

Would love to see the podcast between you guys 💯

[@phitruong4463]

That's a cool break down. I never knew how Storage units worked!

[@ChandlerDavidSmith]

Thanks!

[@Upliftyourbrothers]

Did you work with Platinum Protection back in the day? Trying to figure out where we’ve met.

[@tommybrant]

Thanks for sharing your journey

[@cartermaclellan6129]

Garrett seems interesting would like to see more of him on the Chanel.

[@stevencornwell5934]

Where did you find this deal?

[@nanomachines2985]

What's the average occupancy been over the last year for you? And what kind of location is that (just outside town, middle of town, near a lake or something)?

[@simplyret]

Do you think this is a realistic investment for someone starting out? Thinking of getting a lot where I can start with a couple units and scale up. Great video and any feedback is appreciated!

[@brizzle81586]

With the seller financing. Can you pay off seller loan earler if value goes up when refi for commercial loan. How will the refi loan work will you have to come up with 30% or can you use your 250k down that went to seller. Thank you Good video and good info. It seem to easy how you were able to determine you could raise rents. Almost common sense. Good job.

[@ChandlerDavidSmith]

Thanks! The 250k is equity in the property for us so yes we can use it on refi. We can refi whenever we want. Just has to be within 4 years

[@davidcoburn2461]

That boat laugh killed me hahaha

[@ChandlerDavidSmith]

Haha

[@anewone6671]

How is the refinancing going to work when your not paying a manager? Seems like someone needs to stay there for all the people coming and going and to keep an eye on the place. Shouldn't that come out of the $70k a year? Thanks

[@codyc7092]

Do the podcast I will check it out for sure. Your attitude and Garrett’s is refreshing.

[@ChandlerDavidSmith]

Thanks so much!

[@Develoquent]

YOGI !!!!! hilarious man! keep it up haah

[@SpencerCornelia]

You could even charge $10/mo for those frozen cars to stay parked in the parking lot haha

[@ChandlerDavidSmith]

Hahaha

[@JerrysEdits]

@@ChandlerDavidSmith Congrats 100k!!

[@RealVanThomas]

Business Barbecue - the most lit podcast

[@matte6021]

Could you do an update on the properties you tested with Airbnb? I’ve ran some numbers and they seem like cash cows. Just hard to find a good manager

[@ChandlerDavidSmith]

I’ll do this!👊🏻

[@Delvade25]

I gotta say man your videos get me clicking right away! Appreciate everything you’ve taught us on this channel. Keep it up 🔥

[@rlew8095]

Great video, thanks!

[@OmahaTonyG]

I would love to get into self storage. It looks like a great partner business to real estate.

[@GregActonCPA]

I have often thought the same thing.

[@josecanas6416]

Love how you guys interact with each other hahaha the commercials were awesome 😂😂 dude that’s a freaking amazing source of Cashflow 👍🏽

[@ChandlerDavidSmith]

Thanks!! Haha

[@sethjones848]

Love Garrett! Keep him around!

[@christiangomez5678]

Awesome congrats!

[@ChandlerDavidSmith]

Thanks!

[@marielenasalazar9485]

Educational and fun video

[@corsacaleb]

I have the opportunity to buy a 48 unit facility for 450k with a commercial building to rent out in the front. Thinking about pulling the trigger..

[@shadowcodr]

Did you buy it? If so, how's it going? If not, why not?

[@bennigoodfella2327]

So after the intrest free 4 year period is up and you take on full ownership; you'll have to pay another $4000/monthly intrest? 😞😓

[@dannonanderson7961]

Would love to hear you two on a podcast!

[@Jordainetrades]

Go to ice coffee hour that’s a podcast he’s on

[@BradySteinour]

So the seller financed up to $250,000 for four years... did you still get a commercial loan for the rest? I was kind of confused on that part.

[@zachriggs2481]

They put $250,000 down and seller financed the rest.

[@ChandlerDavidSmith]

This! Thanks!

[@zachriggs2481]

@@ChandlerDavidSmith that’s a handsome cash on cash return! We have similar real estate returns here in Missouri.

[@krillgaming4044]

The quality just looks so much better 🔥🔥🔥😍😍😍 keep up the good work dude !!

[@ChandlerDavidSmith]

Thanks! Will do!

[@coolcom8296]

How do I rent my house to other in terms of contact down payment and all of that stuff because I don't know any of that I hope u can help me bro it would helpful if u would do a video

[@ChandlerDavidSmith]

Check out my other videos!

[@josiahhein6036]

Yeah, chandler has lots of videos already! Or you could save yourself some time and money by buying his real estate investing course, where all the information is laid out for you step by step in an easy to follow process.

[@papahumza]

Can you add more storage spaces with portable units?

[@Shaunpjohn]

Garrett will be Epic on the Podcast!! I think you need to bring Garrett in with Ryan’s course so you both can do a flip

[@ChandlerDavidSmith]

Thanks! Love that idea!

Great idea! With ryan!!!

[@marconajera8493]

How big is the lot acreage?

[@zed917]

i like this style of videos more

[@realestateinvestordiyer8149]

How does an only interest loan work?

[@InvestorCenter]

CDS is my new favorite youtuber

[@ChandlerDavidSmith]

Thank you!!

[@jctv787]

Are these renting prices?

[@Ricocase]

Interest only? Avg. comm. rates at $600/100k, so 6k per month w/ 250k down. Expenses avg. 42% of revenue, though somehow @ less than half? At 7k monthly revenue, price sould have been 700k. As rates increase, how can one profitably refi and earn 12k/m?

[@masonurbina6845]

What’s the video camera you use?

[@ChandlerDavidSmith]

Depends on the day

[@masonurbina6845]

@@ChandlerDavidSmith When you say hold 6 months reserves on your video " 6 reasons you should not...... Are you taking about the property? Or yourself? Or both? Reserves meaning what exactly?

[@wilbertevans3158]

Is this a month or over a year

[@ericedwards12]

Chandler and Yogi taking over!

[@ChandlerDavidSmith]

Let’s go!

[@asuraa3912]

I know that you're probably a busy man, but you should start a vlogging channel, or add it onto here. I'd love to see you and yogi out on a boat or yogi making you chase him as he drives down the road haha

[@ChandlerDavidSmith]

Hahaha thanks! I’ll do it!

[@Redtango12]

What a deal! I’m selling a 42 unit facility in NJ and it’s a higher price. Congrats you have a great asset. Have you considered adding another row of units along the fence? It seems like there could be enough room

[@denislando9546]

Pm details plz

[@Redtango12]

@@denislando9546 Under contract now. Feel free to email me though [e-mail]

[@evanphanm]

Chandler the 🐐! 👍

[@perpetualdividends6719]

Garrett is my favorite character on the Chandler Smith Show.

[@ChandlerDavidSmith]

Haha mine too

[@antonioselman]

Thank you!

[@teresab208]

Ive been presented with a deal to partner with someone. Id like to talk to someone to see if its a good deal, thanks

[@WoodUCreate]

More commercials...thanks Garrett!

[@ChandlerDavidSmith]

Will do!

[@edwardtamplaru6262]

Would love to know the company that financed you!

[@michaeltheimmortal]

Chandler, the magic word is PLEASE!

[@molondon3071]

We want more real estate videos

[@ChandlerDavidSmith]

Will do!

[@thebreeze007]

The chaufer has been watching danny duncan lol... love that show

[@cotylearns3621]

Do you have a personal banker? I’ve heard that when you have over a million in assets you qualify for a personal banker. Just curious. Thanks

[@ChandlerDavidSmith]

Ya it’s sick

[@gbpanther30]

I actually have an extra Red Bull fridge! Hit me up!

[@timbunner8855]

Where are you located?

[@AustiuNoMatterWho]

I really enjoyed Garrett

[@kipcarr2088]

So help me understand the ROI on this. With a little over $5K of net income per month, you are 41 months from getting your initial $250K investment back before you actually make any real profit. Is it your strategy that you will increase the asset value thru the improvements and increased rents that will allow you to refinance and pull back that $125K each much sooner or maybe flip the property to a new buyer and double your money? Its a great asset on your balance sheet, but I'm trying to figure how this creates any passive income for you guys before month 41.

[@edenk3500]

Usually when you invest at things like this, net cash flow is passive income. That 250k isn't gone, if they sold the property they'd get it back if not more due to the increase in rents.

[@kipcarr2088]

@@edenk3500 that is a very optimistic view of net cash flow. Its positive cash flow, but not net cash flow. The $250K is definitely there if they cash out and sell, but then the reoccurring revenue no longer exists. Its value on a balance sheet, but my accountant tells me the $125K I took out of my account is still out there and until I get that investment back, I'm recovering that initial investment and any money I get per month is 100% recovery. If you take that $5K per month and use it as "income" to purchase silly exotic cars or boats, then you are shooting yourself in the foot. This isn't a money maker until you get that $125K back....then your "making" money.

[@edenk3500]

@@kipcarr2088 goes without saying you shouldn't be blowing your money but yes it is profit... Your equity is an asset and though not as quickly accessible as a checking account is still your money. Same as owning stocks. Your thinking in my opinion only applies to small businesses where it is hard if not impossible to get your money out but generates an income.

[@CRYPTODOODE]

The name of the podcast should be the BnB show. Business and babaque .

[@ChandlerDavidSmith]

Nice!

[@roberuto126]

another great one sir !!! more

[@ChandlerDavidSmith]

Thank you!

[@coryloveland4667]

Ole yogi is a keeper... you could call the podcast “pork and beans: the bbq of real estate.”

[@ChandlerDavidSmith]

Haha I like it!

[@betterimagephoto]

Value Add usually means you improved the property in a way that adds value for a property. (Room addition, kitchen remodel) what value Add did you give the tenants to justify the increase in rents?

[@realtorryantx]

They kept the rents below the average area rents. That’s a gift for their customers

[@jsedlacekjr]

I got you bro. I’ll send you a used Red Bull fridge, and we can just say you’re sponsored by them 😂

[@ChandlerDavidSmith]

Hahaha let’s goo

[@jsedlacekjr]

@@ChandlerDavidSmith Tell him to get his truck wrapped in the Red Bull logo

[@fade_county]

I need to email you a question

[@ellefields8878]

Only people that live on site is my GF an I, she’s puts up with non of that living out of your storage unit nope no ef’n way and that’s spelled put clearly in the contract reading cause she quite literally reads them the highlights of the contract when it comes to that and the penalty of a 3 to 1 day eviction. I feel for your situation but ya can’t do it here. Anyway good stuff lots to consider, our big issue is financing so thanks for covering that some.

[@TheMillennialWealthBuilder]

Red Bull cola was amazing.

[@matthewiversen]

Came for the units, stayed for the ads. Unreal cash flow on these! podcast name “saucy deals”

[@ChandlerDavidSmith]

Haha thanks!

[@tylerlabelle1749]

Wonder how this is going today? bet they wish they got long term fixed rate loan before these rates went up.

[@chartuck]

YOGI! YOGI! YOGI! YOGI! YOGI! Yogi will be a bigger superstar than The Rock. You heard it here first.

[@yogi.myers.]

Hahahah you’re too good to me 😂

[@ChandlerDavidSmith]

Haha he will!

[@chartuck]

@@yogi.myers.

[@ObstaclestoOpportunities]

I like this guy he is Funny

[@sonyreviewedit7687]

My eyes 👀 are wide open

[@steven_von]

Garret is freaking hilarious!!!!!

[@ChandlerDavidSmith]

Haha he is pretty funny in this video

[@elbow516]

Ribeyes and Real Estate: The Chandler and Garrett experience

[@elbow516]

-Sponsored by RedBull TM

Yes garrett on podcast!!!!❤🤗❤

[@matthewwestfall6999]

B&B - barbeque & business!!

[@ChandlerDavidSmith]

Yes

[@blakelodermeier4939]

do the podcast, name it yogi and the bear to yogi and the bull

[@darwandoo]

What state is this guy in

[@ChandlerDavidSmith]

Idaho

[@Actio83]

Getting a martin shkreli wibe

[@yukonheart]

Stock market on average ( not now) BUT on average has made 8% per year since 1920 . If you took 1.2 million and put it in an index fund you would make on average 96 k profit per year with absolutely NO WORK. YOu are currently making 70K profit with a lot of work ...

[@tradingarsenal9767]

00:03 Just found these guys but wow, that's a creepy smile intro!

[@TheDarkspinesonic8]

video starts at 3:26