Self storage, building teams, and optimizing systems with Mark McGuire

Apr 25, 2022

What it takes to optimize systems is not only a look at how to run the numbers but starting at the hiring process. Mark McGuire has stories and tips to share when it comes to building teams for a business to thrive.

Listen in as Mark shares his story of starting at the bottom and working his way up through hard work and determination to become a successful real estate investor. He also discusses how he transitioned from property management and maintenance to real estate sales and syndication in order to build a lasting empire. 

Stick to the end of the show and learn more about Mark’s practical tips. Let’s listen in!

 

[00:01 – 09:24] Be On the Lookout for Great Opportunities Ahead

• From the ground as a maintenance guy to commercial real estate investing
• Realizing the power of controlling the velocity of your money
• Thoughts on having sophisticated investors participate in these private offerings
• The ideal goal for real estate investors as opportunities for all

[09:25 – 24:01] An Inside Look of Self-Storage Unit Investing

• Light expansions and asset upgrades to create more revenue
• Breaking down self-storage on offers, taxes, insurance, and raising revenue
• How the rates and clients are dependent on your geographic location
• Protocols for maintenance and repairs for self-storage units

[24:02  – 34:58] Building a Successful Culture for a Business That Lasts

• Choosing people having your weaknesses as their strengths
• The value of getting clear on the vision and responsibilities
• The goal is not only to get the best but to retain the best
• Why you should have a vetting process and ensure the right tools

Find out more and connect with Mark through the following:

 

Email: [e-mail]

Website: https://hfirecapital.com/ 

 

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I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

 

Tweetable Quotes:

“In the commercial game… You could have more control of your valuation, and ultimately the velocity of your money.” - Mark McGuire

 

“Our whole goal was to bring good people along and bring them up and teach and show them what opportunities exist.” - Mark McGuire

 

“When it all goes to hell, your core values are going to be what holds your team together, it's the glue.” - Mark McGuire