292. How to Create Massive Value by “Converting” Old Buildings Nobody Wants w/Chris Genard & Ronald Fremin

Self storage has been a “goldilocks” asset for the last 15 years, but it’s a little harder to find opportunity today. If you’re willing to get your hands dirty, though, you can create massive value with self storage conversion projects, and just one or two of these deals could make you VERY wealthy! Today, we’re chatting with Chris Genard and Ronald Fremin—college friends turned self storage investors and co-founders of Safe Space Companies. By combining Chris’ acquisitions expertise and Ronald’s construction background, the duo has built a portfolio of 12 self storage facilities, nine of which were converted from old buildings—including bowling alleys, hospitals, and big box retail stores. In this episode, you’ll learn how buying these properties at a deep discount and repurposing them for storage can be a highly profitable strategy!  If you stick around, Chris and Ronald will show you the pros and cons of ground-up construction and conversions, how to find and analyze conversion deals, and the secrets to maximizing your square footage and increasing revenue. Whether you’re looking to buy your first facility, develop new facilities, or convert old buildings into storage, there’s something in this episode for you! What you’ll learn in today’s show: How Chris and Ronald built their self storage empire from scratch Turning a huge profit by converting old buildings into self storage facilities Creative ways to maximize your facility’s square footage (and revenue!) How to find and analyze potential self storage conversion deals The pros and cons of ground-up construction and converted facilities — Safe Space Companies - https://www.safespacecompanies.com  📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🖊️ Enter our survey for a chance to win a signed copy of AJ’s NEW Book: https://form.asana.com/?k=da0pR8v74pC8OEgx9dgKRQ&d=1203571084143207 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207 📖 Get AJ's book for $1 teaching you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of our current self storage deals HERE: https://cedar.cc/invest