What It Takes To Run A Self-Storage Facility With Jon Farling
Jon Farling left his 9 to 5 job in 2020 because of investing in real estate, mainly for Self-Storage. He now owns and operate 8 Self-Storage facilities and passively invests in two others. He mentions that they are heavily involved with a network of friends and colleagues, which helps them keep up to date on industry changes and navigate through any potential obstacles. He emphasizes the importance of learning from past experiences and how it can help you in your current business endeavors!
[00:01 - 06:06] Opening Segment
- Let’s get to know Jon Farling!
- How Jon start buying self-storage properties
- He’s currently invested in self-storage and has wholesale deals in place
[06:07 - 18:30] What It Takes To Run A Self-Storage Facility
- Jon discusses how to run a self-storage facility
- The importance of having a system in place to deter bad tenants
- He found inspiration in, “BiggerPockets”
- Have a partner that will work with you
- Technology used in Storage facilities
[18:31 - 25:23] THE FINAL FOUR
- What's the worst job that you ever had?
- When he worked at Pizza Hut at a truck stop in high school
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- He wants to share his experiences with public speaking
- What does success mean to you?
- Jon says that, “Success for me starts with the family. I want to have a great relationship with my wife and kids.”
Connect with Jon
LinkedIn: https://www.linkedin.com/in/jon-farling-5a90b67/
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Tweetable Quotes:
“You've got to have a thirst for knowledge because I've talked to so many people that want to get in but they want to skip from a to Z without going through the whole thing. You can't do that. You've got to learn the way, or you've got to have a partner that will do the work.” – Jon Farling
“You've got to make mistakes. You've got to take action.” – Jon Farling