32: Investing in Space with Carl Touhey

The Kevin Shee Show

Carl E. Touhey began his real estate career in 1986 selling investment real estate in Phoenix, Arizona. His family built their first storage facility in the early 1970’s and they currently own and operate eight storage facilities. An investment opportunity in 1992 launched him into the self storage industry as he went on to acquire five storage facilities from 1992-1994 and owns multiple facilities today. His interest and success in fixing “problem” properties resulted in an impressive ownership track record. In the early 90’s, Mr. Touhey took his knowledge of the self storage industry and began brokering self storage properties in California. He has personally brokered over $865 million worth of storage properties and his extensive track record and outstanding results have distinguished him as one of the most successful self storage sales and acquisitions specialists in the industry.

In this episode, Kevin and Carl discuss the world of storage property investment; software and new industry tools and some solid advice from Carl on how you can start investing in this growing industry

Links:

• Performancestoragegroup.com

Shownotes:

• 2:30 - contrasting property investments; apartments vs storage
• 4:32 - "In storage, we do good in the good times and sometimes we do better in the bad times" - Carl Touhey
• 5:36 - Is there still time for new players in Storage investment?
• 6:08 - "If we look at a deal and they don't have a website, that is something we are gunna target and try and buy" - Carl Touhey
• 8:07 - What good software can do for you in storage investment
• 8:56 - Storage investment and Covid-19
• 13:11 - "I see technology helping us, not hurting us" - Carl Touhey
• 14:14 - From Self storage owner to Enterprise
• 16:13 - What you need to be a self storage broker
• 19:06 - Advice for Storage Investment new comers