I own a real estate firm with over 1.9 million square feet of self storage and 45 employees. I also own 6 other companies with over 400 employees. I send deal breakdowns with P&Ls. Newsletter topic: Real Estate, Management, Entrepreneurship
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How I started my first company, how to delegate, real estate deal breakdown
Published 6 months ago • 4 min read
One quick promo before we jump in:
Tax season is right around the corner and my final income tax bill will be $0 for one main reason - Cost Segregation Studies and bonus depreciation.
DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE.
The folks at RE Cost Seg have already delivered my cost segs this year and the depreciation is mouth watering. Reach out if you're in the market - the proposal is free. Professional engineering reports you can count on, and they do virtual visits to turn them around even quicker.
Not sure what a cost seg is? Check out this thread.
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I started my first business in 2011 with this 1997 Cadillac.
I could fit the belongings of 3 college students in here.
So I picked them up during finals week and stored them in my room.
Storage Squad was born.
4 years later we were storing items for 7,000 students a year at 25 colleges in 12 states. In 2021 we sold the business for 7 figures.
Nick's 1997 Cadillac he bought from his Grandma for $5k in 2008.
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I wrote this tweet on how to find and hire employees all over the world:
Next time you take off from a major airport look down at the city below.
Billions of dollars worth of real estate just in your view. There are millions of buildings all around us.
Tens of millions of people who own them. Real estate will never be fully institutionalized.
There will always be room for the relative mom-and-pop. There will always be good deals because people fail to maintain or manage their properties properly.
Being “small” is its own advantage in this game.
You don’t need a big team or a big fund. You can be scrappy and do a multimillion dollar deal by yourself.
And just one good deal can change your life. This is why I love real estate.
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Benjamin's tweet below is an EXCELLENT framework on how to think about Delegation.
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I have financial interest in many companies mentioned in this newsletter.
Nick Huber
Entrepreneurship & Real Estate
I own a real estate firm with over 1.9 million square feet of self storage and 45 employees. I also own 6 other companies with over 400 employees. I send deal breakdowns with P&Ls. Newsletter topic: Real Estate, Management, Entrepreneurship
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