Self Storage properties

[Michael Jenkins]

What do you guys think about Self Storage properties for passive income?

[Ken Jernigan]

We've found good luck in buying existing underperforming properties in tertiary markets with an economic driver, like a university, hospital or military base. Many times we can pro forma these units to a 10-11 cap which you won't get in the larger markets. 

Funding has been coming from SBA loans which allow us to acquire with 10-15% equity. Each transaction is a separate LLC to accommodate varying investors.

You can PM me if you'd like more info.