In this engaging episode, we sit down with Michael Walker from Standby Self Storage and Quickfit Container Accessories. Operating eight self storage sites and running a thriving container accessories business, Michael shares his journey from property development to building a successful self storage empire. Discover how Michael transitioned from renovating a rundown site in Croydon to launching his first self storage facility, navigating challenges, and spotting opportunities in an underserved market. With his insider knowledge as both a self storage operator and supplier, Michael provides valuable insights into the industry, from startup strategies to addressing business and personal storage needs. Key Takeaways from Michael:
Visit Stora.co to sign up for a demo or explore our Academy for tools, financial models, and guides to grow your self storage business. Like, comment, and subscribe for more expert advice and stories from the self storage industry. #selfstorage Chapters 00:33 Introduction 01:44 Opening his first site 05:40 Initial attraction to self storage 06:40 The growth of the business 07:35 The challenge of finding new locations 11:29 Leasing vs buying 17:17 The running of the business (marketing, sales, operations etc) 23:10 Quickfit Container Accessories 24:58 Unusual uses for a container 26:05 Top 3 important tips for success 28:12 Weirdest thing found in a container unit 29:49 What does the future hold for self storage? 32:00 The ideal feature for self storage 33:26 The future of Standby Self Storage 35:12 Outro
