126: Self Storage as Syndicated Equities with Fernando Angelucci
The traditional role of a landlord isn’t for everyone—even those who want to become real estate investors. If you don’t want to deal with tenants in a traditional rental property, self-storage could be the perfect option.
On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews our very own Fernando Angelucci. Fernando began his real estate investing career in residential, quickly realized it wasn’t a fit, moved into multifamily, and ultimately transitioned into self-storage. Today, Fernando is working toward building a billion-dollar company and is sharing the many benefits of a self-storage career.
As they kick off their conversation, Jonathan and Fernando explore his early foray into real estate investing, why residential wasn’t a great fit, and how he was introduced to self-storage. Fernando shares his initial mistakes, including maxing out credit cards, what he learned from his early investments, and the central tenets he uses to guide his investing strategy. You’ll hear the benefits of self-storage operations, how he decides where and what kind of facilities to build or buy, and the foundation big box retailers lay for him before he lands in a location. Finally, Fernando and Jonathan discuss the importance of marketing in this asset class and why rubbing shoulders with bigger fish in the self-storage game can lead to lucrative relationships.
Real estate doesn't have to revolve around tenants, and Fernando Angelucci has mastered this asset class that continues to produce bountiful returns.
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