How COVID Affected Self Storage Investing with Fernando Angelucci | 570

In this episode, we are again joined by Fernando Angelucci, who has already done $75 million real estate deals in the self-storage space by the age of 30! Fernando has already been on the show before and shared why he moved into self-storage from other real estate asset classes, but today, he is going to tell us how COVID-19 has affected the business. Watch now to learn more about business in self-storage, how Fernando dealt with the pandemic, and how you can take your first steps in self-storage too!Key Talking Points of the Episode[00:00] Introduction[01:26] Who is Fernando Angelucci?[02:40] How did Fernando get into real estate?[05:14] What Fernando noticed in their portfolio[07:29] Lien law protection[07:44] Eviction moratoriums[08:19] Reaching out to local communities[09:15] How self-storage is different from other rental businesses[11:28] Logistics companies[15:00] Opportunities in real estate[16:05] Is the self-storage space saturated?[16:51] The stock market’s effect on self-storage[18:57] What would be the best way to follow Fernando?Quotables“Towards the end of that part of my life, it didn’t feel like the passive income was very passive. I was working 60-70 hours a week on my rental portfolio.”“Those that had assets did very well, those that did not, unfortunately were left behind.”“It might seem like a door closed, but as a result, more doors open for creativity in your space.”“Self-storage is a hyper-localized business, so it’s almost impossible to say that the self-storage space is saturated or not.”“If the cap rate itself is that bad when you're looking on-market, then potentially, you need to start looking at off-market acquisitions.”