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
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’ owners
Why 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 NOI
Grab 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 economics
Hunter talks about the benefit of in-house management
Building and operating on trust
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
“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
Have you heard about the Multifamily Investor Nation Summit, coming up on January 20th? If you've never been, it's a three-day information-packed event for multifamily investors, with over 1,000 attendees and over 50 speakers! Not only will hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more...But this year our partners here at Quattro Capital are excited to be participating with three speakers at the event. Our amazing Kim Wendland will be speaking on the often neglected subject of asset management, how to make the machine hum, while our most-interesting-man-in-real-estate Maurice Philogene will be speaking on how to leave your corporate job for a freedom lifestyle. I personally will even be speaking on the topic of how to perform due diligence on multifamily assets before you purchase them and the not-so-common things to watch out for. Go to mfinsummit.com to grab your ticket and use promo code QUATTRO to get $100 off of your full access pass! Whether you are new to multifamily investing or a seasoned investor, you do not want to miss this event. Join Team Quattro at the Multifamily Investor Nation Summit.
Check out Syndication Pro and learn how you can raise more capital in less time! https://syndicationpro.com/account-setup?fpr=quattro
Join the MFIN Summit and use our promo code: QUATTRO