Episode 563: The Self-Storage Strategy That Thrives in Any Economy with Ryan Gibson & Tait Duryea
About this episode
Ryan Gibson discusses the resilience of self-storage as an asset class and strategies for acquiring deals without banks.
Ryan Gibson is a former 17-year Delta and Alaska Airlines pilot turned self-storage mogul, now operating as one of the 29th largest self-storage operators in the country with over $1 billion in assets and 7.5 million square feet under management through his company, Spartan Investors. In this first of a two-part series, Ryan joins host Chris Pre to break down why self-storage is one of the most recession-resilient asset classes available, how to use seller financing to acquire deals without banks, and what it really looks like to build a 200-person business while still flying commercial jets — and then finally walk away on your own terms. Key Talking Points of the Episode 00:00 Introduction 01:08 Passive Income Pilots podcast 02:20 How Ryan and Tait met and started Passive Income Pilots 04:48 The importance of financial and time freedom for pilots 06:03 The 3 Paydays System 08:33 Deep dive into self-storage as an asset class 10:09 Why more Americans use self-storage than fly on airplanes 11:08 The 5 Ds of self-storage demand 13:29 Opportunities for mom-and-pop owned facilities 14:02 Competing with "big money" in smaller markets 15:48 Building trust and uncollateralizing notes…
People in this episode
Host: Chris Prefontaine
Guests: Ryan Gibson, Tait Duryea
Topics covered
- self-storage
- recession-resilient asset classes
- seller financing
- business growth
- financial freedom
Mentioned in this episode
Organizations: Spartan Investors, Delta Airlines, Alaska Airlines
More episodes of The Smart Real Estate Coach Podcast|Real Estate Investing
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- Episode 567: Automating 90% of Your Real Estate Business with Keith Gillispie
- Episode 566: How to Get Paid 3 Times On One Deal
- Episode 565: How Unresolved Trauma Sabotages Business Growth with Dr. Nicole Cain
- Episode 564: Why Wealthy Investors Are Turning to Oil & Gas with Tait Duryea
- Episode 562: Don't Let Old Battles Keep You From New Victories with Jon Gordon
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