How I Built a 12-Facility Self-Storage Portfolio on a Firefighter's Schedule

How I Built a 12-Facility Self-Storage Portfolio on a Firefighter's Schedule

Investor · Sacramento · Member since 2026 · 30 posts · 29 votes

I'm a full-time firefighter in California. I bought my first property at 19 during the 2008 crash. Single-family homes first, then multifamily, and now I focus on self-storage and industrial.

Today I own and operate 12 self-storage facilities across 4 states - all built on days off, between bedtime routines and baseball games. No syndication. No outside investors on most deals. Just methodical and consistent acquisitions over 15+ years.

I wanted to share some of the biggest lessons I've learned along the way in case it helps anyone here who's looking at storage as an asset class.

What I got right:

Seller financing changed everything for me. My best deals have been off-market, direct-to-owner conversations where the seller carried the note. Banks are great, but a motivated seller with no broker is where the real deals live.

Starting in rural and secondary markets. I buy in small towns where competition is low, barriers to entry are real, and $300K-$1.5M facilities are still findable. I'm not competing with REITs.

Focusing on economic occupancy, not just physical occupancy. A facility can be 90% full and still bleeding money if half the tenants are 60+ days delinict or paying rates from 2018. The gap between physical and economic occupancy is where most of the hidden value sits.

Building systems before scaling. I didn't buy facility #4 until I had a management platform, an operations manager, and a repeatable process. Scaling chaos just gives you more chaos.

What I got wrong:

Trying to do everything myself in the beginning. I spent two years being the property manager, the bookkeeper, and the maintenance guy. It nearly burned me out.

Listening to people who had opinions but no facilities. The best advice I ever got came from operators who were actually in the business - not podcasters or masterminds who had never closed a deal.

Not raising rates fast enough. I was afraid of losing tenants in small towns. The reality is that a $10/month increase on 200 units is $24K/year in revenue, and I've never had meaningful move-outs from a reasonable rate bump when it markets with high demand. 

Where I am now:

12 facilities, 4 states, full-time firefighter, married with 3 kids. I sold out of most my single and multi family, although I still own a select few in great locations. I'm transitioning from active operator to strategic owner. My goal has always been time freedom, not empire building.

Happy to answer any questions about self-storage acquisitions, operations, financing, or how to build this alongside a W-2. I'm an open book.

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
6mo
Quote from @Kevin Rapport:

I'm a full-time firefighter in California. I bought my first property at 19 during the 2008 crash. Single-family homes first, then multifamily, and now I focus on self-storage and industrial.

Today I own and operate 12 self-storage facilities across 4 states - all built on days off, between bedtime routines and baseball games. No syndication. No outside investors on most deals. Just methodical and consistent acquisitions over 15+ years.

I wanted to share some of the biggest lessons I've learned along the way in case it helps anyone here who's looking at storage as an asset class.

What I got right:

Seller financing changed everything for me. My best deals have been off-market, direct-to-owner conversations where the seller carried the note. Banks are great, but a motivated seller with no broker is where the real deals live.

Starting in rural and secondary markets. I buy in small towns where competition is low, barriers to entry are real, and $300K-$1.5M facilities are still findable. I'm not competing with REITs.

Focusing on economic occupancy, not just physical occupancy. A facility can be 90% full and still bleeding money if half the tenants are 60+ days delinict or paying rates from 2018. The gap between physical and economic occupancy is where most of the hidden value sits.

Building systems before scaling. I didn't buy facility #4 until I had a management platform, an operations manager, and a repeatable process. Scaling chaos just gives you more chaos.

What I got wrong:

Trying to do everything myself in the beginning. I spent two years being the property manager, the bookkeeper, and the maintenance guy. It nearly burned me out.

Listening to people who had opinions but no facilities. The best advice I ever got came from operators who were actually in the business - not podcasters or masterminds who had never closed a deal.

Not raising rates fast enough. I was afraid of losing tenants in small towns. The reality is that a $10/month increase on 200 units is $24K/year in revenue, and I've never had meaningful move-outs from a reasonable rate bump when it markets with high demand. 

Where I am now:

12 facilities, 4 states, full-time firefighter, married with 3 kids. I sold out of most my single and multi family, although I still own a select few in great locations. I'm transitioning from active operator to strategic owner. My goal has always been time freedom, not empire building.

Happy to answer any questions about self-storage acquisitions, operations, financing, or how to build this alongside a W-2. I'm an open book.


 awesome story!

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  • Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
    6mo
    I love that bolded quote! That should be at the top of every forum! I hope you don't mind if I use it.

    How do you protect yourself from the scammers that unload stacks of old tires, or barrels of hazardous waste into storage units?

    Thanks for your Firefighting work! 

  • Investor · Sacramento · Member since 2026 · 30 posts · 29 votes
    6mo

    Hi Richard! We can mitigate risk but not eliminate risk. We always accept payment prior to a customer moving in. We also outline in our Storage Agreement what is not allowed to be stored or brought on the premises. Hazardous waste is one of those items. The vast majority of units that are abandoned without paying, can be auctioned. Some auctions only go for $10, but at the end of the day, that still alleviates us having to pay for clean out and gives us a rent-ready unit for a paying customer. We always underwrite a portion of the revenue to bad debt (uncollectible). Our numbers have to work assuming that some customers will not pay. We move quickly to remove those customers (and any left over belongings) and to get a paying customer in the unit. Always happy to help if you have more questions! 

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    6mo
    Quote from @Kevin Rapport:

    I'm a full-time firefighter in California. I bought my first property at 19 during the 2008 crash. Single-family homes first, then multifamily, and now I focus on self-storage and industrial.

    Today I own and operate 12 self-storage facilities across 4 states - all built on days off, between bedtime routines and baseball games. No syndication. No outside investors on most deals. Just methodical and consistent acquisitions over 15+ years.

    I wanted to share some of the biggest lessons I've learned along the way in case it helps anyone here who's looking at storage as an asset class.

    What I got right:

    Seller financing changed everything for me. My best deals have been off-market, direct-to-owner conversations where the seller carried the note. Banks are great, but a motivated seller with no broker is where the real deals live.

    Starting in rural and secondary markets. I buy in small towns where competition is low, barriers to entry are real, and $300K-$1.5M facilities are still findable. I'm not competing with REITs.

    Focusing on economic occupancy, not just physical occupancy. A facility can be 90% full and still bleeding money if half the tenants are 60+ days delinict or paying rates from 2018. The gap between physical and economic occupancy is where most of the hidden value sits.

    Building systems before scaling. I didn't buy facility #4 until I had a management platform, an operations manager, and a repeatable process. Scaling chaos just gives you more chaos.

    What I got wrong:

    Trying to do everything myself in the beginning. I spent two years being the property manager, the bookkeeper, and the maintenance guy. It nearly burned me out.

    Listening to people who had opinions but no facilities. The best advice I ever got came from operators who were actually in the business - not podcasters or masterminds who had never closed a deal.

    Not raising rates fast enough. I was afraid of losing tenants in small towns. The reality is that a $10/month increase on 200 units is $24K/year in revenue, and I've never had meaningful move-outs from a reasonable rate bump when it markets with high demand. 

    Where I am now:

    12 facilities, 4 states, full-time firefighter, married with 3 kids. I sold out of most my single and multi family, although I still own a select few in great locations. I'm transitioning from active operator to strategic owner. My goal has always been time freedom, not empire building.

    Happy to answer any questions about self-storage acquisitions, operations, financing, or how to build this alongside a W-2. I'm an open book.


     awesome story!

    • Investor · Sacramento · Member since 2026 · 30 posts · 29 votes
      6mo

      @Drew Sygit thank you, appreciate the share! Always happy to be a resource! 

  • Homeowner · Chicago, IL · Member since 2021 · 2 posts · 0 votes
    6mo

    Hey Kevin, this is really impressive! I have been thinking about transitioning from investing in multi-families into direct businesses myself and Im curious how you made the jump.

    Was there a specific wealth threshold that you felt enabled you to switch from multi-families to self storage? Also did you do seller financing to start or did you use an SBA loan?

  • Garrett CrosbyPro Member
    Real Estate Agent · Los Angeles, United States · Member since 2021 · 392 posts · 162 votes
    3mo

    The seller financing plus rural/secondary market approach is as repeatable as it gets in self-storage. Most people chase institutional-grade facilities in primary markets and wonder why the numbers don't pencil — you essentially sidestepped all of that.

    The economic vs physical occupancy distinction is one of the most underappreciated metrics in storage. A lot of operators pat themselves on the back at 92% physical and never realize their economic occupancy is 78% because of delinquencies and concessions. That gap tells you everything about how the business is actually running.

    The rate-raise-without-move-out dynamic is one of the cleanest advantages storage has over residential. In residential you raise rent $50 and people move out, trash the unit, and you're eating a month of vacancy plus turnover costs. In storage, tenants rarely move because the friction of finding a truck and moving their stuff exceeds the annoyance of a small rate increase. You get to compound that advantage repeatedly.

    Appreciate you sharing the lessons on burnout too — doing everything yourself is the thing that kills most operators before they ever build real scale. Feel free to DM if you ever want to compare notes.

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