Is Self-Storage a Recession-Proof Investment?, with Jay Bowman

Jay Bowman is the co-founder of Beyond Storage, and he currently leads the finance, acquisition, and marketing departments. Jay has been an active real estate investor since 2001, and has been a real estate broker in multiple states. His experience has led to him having extensive knowledge in evaluating and purchasing real estate investments, and he personally holds a large portfolio of residential and commercial assets. Jay has two children with his wife, Jacquelyn, and currently resides in Kentucky. What you’ll learn about in this episode: How Jay’s career evolved from purchasing and flipping properties to investing in storage facilities Why Jay felt emotionally worn down from rehabbing homes Why Jay describes self-storage as a business that coincides with real estate The process Jay uses to find distressed self-storage facilities to invest in, and why he sets his geographical boundaries as wide as possible Jay’s experience of using seller financing to purchase his first self-storage facility How real estate syndication works in the self-storage sector The types of improvements that Jay and his partner have implemented to increase the occupancy and rent for the storage facilities they work on What Jay’s typical investor profile is, and the differences between accredited investors and everyone else The importance of having a personal relationship when you invest money Jay’s insights on self-storage as an asset, and where he sees the sector going in 2022 Why Jay believes that self-storage is recession-resistant How to connect with Jay Bowman: Website: https://www.gobeyondstorage.com/ Facebook: https://www.facebook.com/jaybowmanREI https://www.facebook.com/gobeyondstorage Twitter: https://twitter.com/jaybowman LinkedIn: linkedin.com/in/jaybowman Resources: Website: http://bkwpropertysolutions.com/ Facebook: www.facebook.com/bkwpropertysolutions/ Instagram: www.instagram.com/bkwpropertysolutions/ LinkedIn: www.linkedin.com/in/brian-o-Neill-5069216/ Check us out on YouTube here Additional Resources: Download Our Free Homeowner’s Handbook Learn Six Strategies To Sell Your Home In Any Market And Maximize YOUR Equity Learn the Seven Steps for Success when buying a home through our Rent To Own program