Oftentimes, your own personal limiting beliefs can stand in the way of you attaining success. For each of us, they are unique to our own situation but it is vital that you pivot your mindset, and start believing in yourself. Our guests today went from a full-time W2 job and took the leap of faith to go into real estate full-time — in the self-storage sphere.
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In this episode, we welcome guest Zach Quick, Zach is a Christian, husband, father, and self-storage investor located in Northwest Arkansas. Zach and his wife built up a residential portfolio of 28 units before pivoting into self-storage full-time. They now own and operate 7 facilities and over 300,000 square feet in the midwest. Today we dive into why Zach and his wife decided to go into self-storage, what it is like working with his spouse when he knew it was time to leave his full-time job, how self-storage may be resilient to downturns, and so much more.
RK says a negative event such as the pandemic created positive actions in self-storage. RK’s advice to investors – be ready to learn from others and understand their points of view. RK is one of the most recognized personal “brands” in the self-storage industry. Tune in now!
Key Points From This Episode:
- Zach shares more about his story.
- The breaking point that helped Zach pivot from single-family/ residential to self-storage.
- What it is like working together as a team with his wife.
- When Zach knew it was time to leave his former job and move full-time into real estate.
- Why Zach went with self-storage over multifamily or any other asset class.
- Limiting beliefs and how they’ve made the syndication process difficult for Zach.
- RK talks about how the pandemic affected the self-storage industry.
- What RK learned over the past year and what has changed in the industry because of the global health crisis?
- RK shares the changes in underwriting and the amount of reserves in the self-storage industry amid the pandemic.
- RK shares how many self-storage facilities are in the U.S.
- RK’s predictions in the self-storage industry over the next six to twelve months.
“[I think] the hardest part, [of syndication] are your limiting beliefs.” — Zach Quick
“[To be successful,] I think having a good relationship with God and having a supportive wife and optimism are three huge ingredients.” — Zach Quick
“Fortunately, self-storage has been recession and event resilient for years and years.” — RK Kliebenstein
“It (self-storage) is a demand-driven business. And when you have high demand, the prices go up. And when you have surplus inventory, the prices come down.” — RK Kliebenstein
Links Mentioned in Today’s Episode:
About Zach Quick
Zach is a Christian, husband, father, and self-storage investor located in Northwest Arkansas. Zach and his wife built up a residential portfolio of 28 units before pivoting into self-storage full-time. They now own and operate 7 facilities and over 300,000 square feet in the midwest.
About RK Kliebenstein
RK is the Leader of Coast-To-Coast, a trusted resource in self-storage since 1999, and is a Product Consultant to Aggregate Intelligence, Inc, creators of the StorTrack brand and data products for self-storage industry. Previously he has served as the head of acquisitions for Metro Storage, Extra Space, U-Store-It (now Cubesmart), Stor All, and VP of Operations for StorageOne. RK has experience in acquiring, developing, due diligence, strategic planning/execution, operating/managing, disposition, and financing. He has worked internationally and domestically. He is currently developing both self-storage and RV/Boat/Vehicle storage projects.
As an individual RK Kliebenstein is one of the most recognized personal “brands” in the self-storage industry. RK followed his passion to write and is co-author of the award-winning self-storage book “HOW TO INVEST IN SELF-STORAGE”, as well as “HOW TO MAKE MONEY IN SELF-STORAGE”, and the sequel “HOW TO MAKE MORE MONEY IN SELF-STORAGE”. A world-class communicator, author, and corporate leader, RK has had countless articles published and is considered to be a pre-eminent authority on self-storage, mobile storage, and vehicle storage. He is currently working on a book outside the industry: “Power and the Five P’s of Success” (working title).
RK has a passion for golf, and also builds the only 82 m.p.h. golf cart with air conditioning! RK has been active in the Ministry of Men for nearly 30 years, helping men and being helped in growing personal relationships with the Trinity.
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