Podcast
The Do More Podcast
Hosted by Jon Farling · EN
Jon Farling shares tips and insights into what’s helped him become successful in the world of real estate investing during and after quitting his 9-5 job. His self-storage portfolio has grown well into 8 figures because of the insights he and his guests will share. Not only will he share tips on his entrepreneurship journey, but also his personal life.
21episodes
Episodes
Newest firstAll episodes
Why you should NEVER buy based off Cap Rate and which metric you should be using
3d ago00:16:19Tap to summarizeBuying based on cap rate? That’s a no-go, folks! In today’s chat, we’re diving into why you should steer clear of cap rates when considering your next commercial property purchase. First off, let’s break it down: a cap rate is essentially the return you’d expect on an all-cash investment. But let’s be real—most of us aren’t shelling out cash for these properties like we’re at a garage sale.I’ll share some juicy tidbits about how sellers and brokers can twist the numbers to make a cap rate look more enticing than it really is. Instead of getting caught in that trap, we’ll discuss the metrics that actually matter when buying, like cash-on-cash return, which can lead to a much more profitable investment down the line.So grab your favorite beverage, and let’s get into the nitty-gritty of making smarter investment choices!
Transcribe →When did it become cool to not work?
1w ago00:19:15Tap to summarizeWhen did it become cool not to work? That’s the burning question we’re tackling today, and trust me, it’s a juicy one. We’ve all seen those folks flaunting their four-hour workweeks and endless vacations, but what about the hard workers who are grinding away? It seems like the pandemic turned the working world upside down, and now some people are celebrating a carefree lifestyle instead of pouring their talents into something meaningful.I’ve got a bit of a rant brewing about how that mindset can be not just misguided, but downright selfish. So whether you’re a hustler or just someone enjoying the fruits of their labor, let’s chat about why it’s crucial to keep pushing the envelope and contribute value to others. Because after all, what’s the point of freedom if you’re just sitting around?
Transcribe →Top 2 underwriting mistakes people make when deals fail
2w ago00:20:02Tap to summarizeUnderstanding the intricacies of real estate investing is crucial, especially in today’s fluctuating market. One of the main points I want to share today is the importance of a solid capital stack and how it can make or break your deals. Many investors stumble by overlooking the stability of their financing, often getting caught up in short-term debt that can lead to serious financial strain down the line.We’re diving into the top two mistakes that can derail your self-storage investments, and I’ll be sharing insights from recent conversations I’ve had with fellow real estate investors that really highlight these pitfalls. Along with that, we’ll discuss the vital role operations play in ensuring your investment thrives, especially when occupancy rates are lower than expected.Stick around as we unpack these important topics that could help you avoid costly missteps in your investment journey.
Transcribe →From Finance to Storage: Tyler Harper’s Journey Implementing AI While Acquiring 20 Facilities in 6 Months
3w ago00:25:46Tap to summarizeTyler Harper joins us to share his journey into the self-storage industry, which has seen remarkable growth under his leadership. Since starting in 2022, Tyler and his team have acquired 26 storage facilities, with a rapid pace of purchasing that has them aiming for one deal a week. He discusses how they transitioned from traditional financing methods, like SBA loans, to more streamlined cash purchases as their operations scaled. A key element of their success is the innovative software they’ve developed, which enhances operational efficiency and integrates AI for call management and vendor oversight.Join us as we delve into the strategies and tools that are reshaping the self-storage landscape, and learn how Tyler’s approach sets them apart from the competition.
Transcribe →What Actually Happens Behind Closed Doors at a Storage Rebellion Insider Event And Why It Changes Everything
May 400:16:14Tap to summarizeWe’re diving into our recent experience at the Storage Rebellion Spring Event, where I had the privilege of leading the Insiders group. The main takeaway from our discussion is just how impactful these gatherings can be for building genuine relationships and learning from each other. This event was particularly special for me, as I transitioned from being a guest to taking a leadership role, which gave me a fresh perspective on the experience. I brought in some incredible speakers and switched up the format to include hands-on workshops, allowing attendees to engage directly with experts. Overall, it reinforced the idea that the real value lies in the connections we make and the shared journey we’re all on in the self-storage industry.
Transcribe →2 Transitions, 2 Identity Shifts and why Most Entrepreneurs never complete the Journey
Apr 2700:26:27Tap to summarizeWe’re diving into the journey of entrepreneurship, focusing on the two major transitions that every entrepreneur faces: leaving the nine-to-five grind and evolving into a true business owner. Many people manage to break free from traditional employment, but a significant number never reach that next level of growth and freedom. I’ve been there, and I share my own experiences about the hurdles of transitioning from being an employee to running my own business. We’ll explore the nitty-gritty details of what holds many people back, such as the fear of scaling, the challenges of delegation, and the mental shifts needed to embrace leadership. Join me as we unpack these critical transitions and discuss why achieving true freedom in your business isn't just about financial independence—it’s about creating a sustainable, self-sufficient enterprise that thrives even when you're not involved in the day-to-day operations.
Transcribe →18 Storage Facilities Later - Here's what I'd do differently
Apr 2000:23:00Tap to summarizeBuying 18 self-storage facilities comes with its fair share of lessons, and today I’m diving into the top nine mistakes I made along the way. These aren’t just trivial slip-ups; they’re real learning points that have shaped my approach to investing in this space. From skipping crucial physical inspections to not vetting my team adequately, each error taught me something important about the business. I’ll be sharing insights on how a lack of planning can impact site access and the importance of verifying payments after closing—because trust me, those details matter. As we unpack these experiences, I hope you find value in my journey, whether you're just starting out or already navigating the self-storage landscape.
Transcribe →Unlocking Data: Meet Argo Analytics and Their Game-Changing Solutions
Apr 1300:33:20Tap to summarizeToday, we're diving deep into the world of data analytics with Andrew Schaffen and his team from Argo Analytics. They specialize in automating data processes for medium- to large-sized businesses, helping them streamline their operations and make sense of their data. We discuss their journey, the challenges businesses face with data management, and how they’re addressing these pain points through innovative solutions. Andrew and his team bring a wealth of experience, having worked on various projects that transform complex data into actionable insights. Plus, if you want to reach out to Andrew for more details or to discuss potential collaborations, you can find his contact info in the notes: his phone number is 208-313-5165 and his email is andrew@goanalytics.ai
Transcribe →From Corporate to Storage: Michael's Journey
Apr 600:41:40Tap to summarizeMichael's journey into real estate has been quite the ride, and in this episode, he shares how he transitioned from a stable corporate job at a blue-chip company to finding success in the self-storage industry. He opens up about his early days, including the ups and downs of investing in real estate through the housing crisis, which ultimately shaped his path. After taking a break from real estate, Michael experienced a pivotal moment during a vacation in Switzerland that reignited his passion for the industry. He dives into the specifics of how he got into storage, including the importance of building relationships and leveraging personal networks to find opportunities. As he reflects on his growth, he also discusses his recent venture into running a driving range, combining his love for business with a desire to create enjoyable experiences for others.
Transcribe →Self Storage’s #1 threat and how to mitigate your risk
Mar 3000:24:06Tap to summarizeJon dives into one of the biggest threats facing self-storage operations today: market oversupply. He shares a recent conversation with another self-storage operator about a new facility being built nearby—an example of a growing trend where developments are popping up in already saturated areas. Jon explains how some new operators enter the market with low rates and minimal services, creating pressure on established businesses.He emphasizes the importance of understanding these shifting market dynamics and the impact of new construction when planning strategy. Jon also offers practical ways to stay competitive, including adjusting rental rates, improving customer service, and continuing to scale and refine operations.
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