AJ Osborne on How to Create Passive Income with Self Storage
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Self storage is known for being a great way to generate passive income, but is it really as passive as we\\u2019ve been led to believe? Can we rely on it as our sole source of income? Where should we be establishing self-storage units? In this episode, founding member of Bitterroot Holdings and host of the Cashflow 2 Freedom and Self Storage Income podcasts, AJ Osborne shares how to create passive income with self storage.\\xa0
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Takeaways + Tactics\\xa0
Use self-storage to generate passive income- but be mindful that there are a lot of exaggerations about how easy they are to operate.\\xa0
Maintain multiple income streams. Many self storage property owners give up their jobs as soon as they see a profit- but for more sustainable results we should be combining active and passive income streams.\\xa0
It\\u2019s vital that we set up our self storage businesses in high-occupancy markets.\\xa0
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Guest Bio-\\xa0
AJ Osborne is a founding member of Bitterroot Holdings and Keylock Storage. With over 15 years of experience purchasing and building storage facilities across multiple states, AJ is something of an expert. He shares his knowledge through two podcasts- Self Storage Income and Cashflow 2 Freedom. AJ is a fierce advocate for multiple income streams, since surviving Guillain-Barr\\xe9 syndrome.\\xa0
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To find out more about AJ, follow him on Instagram: @ajosborne
You can also listen to his podcasts on www.selfstorageincome.com
And cashflow2freedom.com\\xa0
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Books mentioned on this episode:
The Warren Buffett Way: Investment Strategies of the World\'s Greatest Investor by Robert G Hagstrom