BiggerPockets Real Estate Podcast - From Fourplexes to $40M in Self Storage Investments

Sergio Altomare didn’t start out in self storage investments. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily. Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results. Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday? ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup ~~~~ Invest with Sergio: https://investwithsergio.com ~~~~ Grab Your Copy of “Storing Up Profits”: https://store.biggerpockets.com/collections/best-selling-collection/products/storing-up-profits ~~~~ Read “The Only Woman In The Room”: https://www.amazon.com/Only-Woman-Room-Knowledge-Inspiration/dp/173559590X ~~~~ Is Self Storage Investing Right for You? https://www.biggerpockets.com/blog/self-storage-investing-proscons ~~~~ The Power of a Dollar in Value-Add Self Storage Investing: https://www.biggerpockets.com/blog/value-add-self-storage ~~~~ Follow Brandon and David on Instagram: @beardybrandon or https://www.instagram.com/beardybrandon/ @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 545 Show notes at: https://www.biggerpockets.com/show545 0:00 Intro 2:46 A Fast-Growing $40M Portfolio 8:06 Investing in "Monster Houses" 18:08 Leveling Up to Bigger Deals 23:51 Investing in Self Storage 28:05 Selling Portfolios vs. Properties 33:44 Self Storage Criteria 48:23 How To Get Into Self Storage 57:40 Deal Deep Dive 1:09:02 Famous Four