SA911 | Converting Retail Buildings Into Self-Storage Facilities with Clint Harris

Do you want to learn more cash-flowing and creative strategies in real estate? You’re in the right show as Clint Harris speaks about his transitions from single-family rentals, turning small multifamily into Airbnb, and finally, how he got into retail buildings to self-storage property conversion. Clint shares a lot of ground about building a self-storage, from construction and obtaining permissions to making the facility ready for occupancy. Listen to this episode and be competent in another unique investment strategy!Key Points & Relevant TopicsClint’s changing strategies from single-family to short-term rentals through small multifamily to self-storage The difference between single-family and short-term rentals with small multifamily in terms of operation and revenueWhy investors should focus on time, location, and financial independenceThe importance of holding properties and focusing on multiple niches and asset classesCan you still create success as a beginner in short-term rentals and Airbnb in today’s market?Advantages of investing in self-storage facilitiesTypical timeframe for self-storage ground-up development, construction, and conversionHow long is the city’s permitting process for self-storage conversion and its permission for occupancy?The most challenging part of converting retail centers into self-storage facilities and how to make the process worth itIdeal market or places to build self-storage facilitiesThings to consider when conducting a feasibility study and market analysis for self-storageAdaptability and its significance in shifting your investment strategiesResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Clint HarrisClint Harris is a professional real estate investor, handles Capital Raising and Investor Relations for Nomad Capital, is the co-owner of Going Coastal Property Management, and is Co-host of the Truly Passive Income podcast. Clint had a 16 year career in medical sales from 2007 to 2022 as a highly successful sales rep, implanting pacemakers and defibrillators. Along the way, Clint built a multifamily real estate portfolio with a strategy of buying distressed multifamily property at the beach with bad tenants, and converting them to top performing AirBNB properties. Clint leveraged heavy value-add and asset-class conversion to quickly replace his medical sales income. With an eye on diversifying, Clint began investing into self storage as a limited partner with Nomad Capital several years ago. He eventually made the jump to general partner, took on the roles of Capital Raising and Investor Relations for Nomad Capital in late 2021, and left his medical career behind in November 2022 to live life as a full-time husband, father, and real estate investor. Today, Clint has raised capital for the development of over $120 million in stabilized commercial assets. His core belief is that financial independence, when combined with location, and time independence, creates independence of purpose. Get in Touch with ClintWebsite: https://nomadcapital.us/ Email: [email protected] Facebook: Clint HarrisLinkedIn: Clint HarrisTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!