Self-storage gets a lot of attention, but is it true passive income?
Neil Henderson says passive income is a spectrum. And he’s absolutely right.
As head of Investor Relations at Nomad Capital, and host of Road to Family Freedom podcast, Neil’s team is doing the daily work that puts their investors further on the passive end of the spectrum. He joined me to share the reality of investing in self-storage and his definition of financial freedom.
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What You’ll Discover In This Episode
- How 17 years of ‘silver handcuffs’ pushed Neil into real estate
- The sales pitch of passive income vs the reality of being a landlord
- Why we walked away from a 90+ door apartment portfolio
- The one factor that has strangled self-storage for the last few years
- The sweet spot a self-storage facility must hit to be profitable
- Why you should renovate a vacant K-Mart before building new
- The big opportunity in self-storage in the next 1-2 years
About the Guest
Neil Henderson
General Partner & Investor Relations at Nomad Capital
Neil joined Nomad Capital to help others realize financial and location independence. He has been a part of over $25 million of commercial real estate transactions. In addition to his work with Nomad Capital, Neil created The Road to Family Freedom podcast to teach busy people with families how to achieve financial and location independence through real estate investing. His prior experience in real estate includes raising capital for apartment syndications and owning and operating one of the highest-rated short-term rental listings in Las Vegas.
Learn more about Nomad Capital, check out Neil’s podcast, or connect with Neil on LinkedIn.
About Your Host
From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America’s #1 Money Mentor with a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier.
His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.
Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.
Resources
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