$325K Below Ask on Self Storage Deal #1

Send us Fan MailYour first self-storage deal doesn’t have to be perfect… it just has to get done. In this episode, Joe Downs sits down with Dr. Jeff Richardson, a full-time veterinarian who closed his very first self-storage acquisition while still working 30–40 hours a week in his practice.  Jeff walks through his journey from feeling intimidated by his first deal to becoming informed enough to negotiate with confidence, assemble the right team, and ultimately close Canton Self Storage at $1.875M. $325K below list price. From underwriting paralysis and hesitant LOIs to due diligence surprises involving termites and a hidden residential tenant, Jeff shares the real lessons that no textbook can teach.  WHAT TO LISTEN FOR2:19 How did a full-time veterinarian break into self storage?9:16 Why did self storage win over every other asset class?21:19 How do you know when a deal is overpriced—and when to offer?24:54 How did due diligence surprises lead to a lower price?Leave a positive rating for this podcast with one click GUEST DR. JEFF RICHARDSONCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramJoe Downs on LinkedInBelrose website | Belrose email | Belrose LinkedIn  Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.White Label Storage helps self-storage owners manage their facilities like a performance business, not a guessing game. Using facility-level data and custom technology tools, the team drives smarter pricing, marketing, and operational decisions with no gut-based revenue management.Website | LinkedIn(410) 693-5166