Jon Farling has always been in real estate, but he made the jump from single family properties into self-storage only about 2 years ago. Through this venture, he was able to quit his full time job after he secured his 3rd self-storage property. Jon shares some of the positives and negatives of owning self-storage, and offers words of wisdom for those who are interested in this space. 

Key Takeaways:

• Alex shares how he met Jon and the success he’s achieved so far. 
• Real estate has always been in Jon’s blood. 
• Jon really wanted to leave his job to do self-storage full time. 
• Jon dipped his toe in real estate by first starting out in single family. 
• How did Jon discover self-storage? 
• Jon got 2 deals out of sending out 500 mailers. How did he do that? 
• Why did self-storage make sense for Jon?
• Jon had a full-time job and two kids. How did Jon find the time to start up his side hustle? 
• There is no magic bullet. You have to put your head down and do the work. 
• How did Jon secure his first deal? 
• Jon was able to 4x his deal. He shares how on the podcast!
• There are so many benefits that self-storage has that single-family doesn’t. 
• Jon talks about the SBA loan process.
• Jon’s first three weeks of storage ownership was pretty rough. 
• What other types of headaches has Jon had in this space? 
• What do you do when they don’t pay? 
• Jon talks about his best self-storage deal to date. 
• Jon was able to supplement his 9-5 income with this third self-storage property and finally quit! 
• You gotta be committed. You gotta believe in yourself. 
• What advice would Jon give his younger self? 

MENTIONED IN THIS EPISODE:

Connect with Jon: Facebook

Want to Learn More About Self-Storage Investing? Check out The Storage Rebellion, and let them know that Alex Pardo from the Flip Empire Show sent you 😉

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TWEETABLES:

“I knew I was an entrepreneur, I just didn’t know what that’ll look like.”

“From my single family rental to self-storage, I was 4xing my monthly income. To me, it was a no brainer going to self-storage.”

“I could flip a switch and maybe an hour or two hours a month is all I have to work.”

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