An Insight Into 4th Generation Self Storage Facilities with Matthew Frederick

2019-08-07

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Learn about what is a self-storage industry, first, second, third and fourth generation self-storage, find out the right mindset to have when you want to do well in real estate, business, and wellness, and discover the best strategies he applied to leverage in his type of real estate.

Resources/Links

Mathew.f@rccsol.com
www.rccsol.com

Summary

Matthew Frederick is on who dabbles in everything from starting in residential income property then expanded to buy-fix-sell, lease option, commercial buildings, and new development. He has led on renovating properties for over 28 years which includes partnering with a developer over the past 6 years to build houses and low-rise condo buildings.

In this episode, Matthew talks about real estate that he so loved and is very much adept at. Learn about the strategies, life’s mantra of successful people, and the different real estate investment types that will bring in your wealth and which you could leverage from.

Topics Covered:

01:41 – A funny recollection of how he got into Real Estate

02:38 – His type of investments at the moment

03:25 – What is the self-storage industry, first, second, third, and fourth generations self-storage

06:20 – The limitations of first and second-generation self-storage

07:04 – What would he have done early on in his career with the knowledge he has now

08:22 – Leveraging on his ability to spot potential in anything

09:27 – How to get better at what you are doing

11:38 – Setting goals and the benefit of getting a mentor

13:26 – The need to know who you are is just as important as knowing who you want to be

14:44 – An inspirational words of wisdom for someone interested in real estate

16:27 – How to live life in and become successful

Key Takeaways:

“My unfair advantage is the ability to spot potential, not just in property but also in people and then from spotting that potential, how to approach them, match my personality so you have a good handshake, of a mental handshake and then from there listen carefully to understand what they need and then see how I can match it up to what I have.” – Matthew Frederick

“A lot of people have a lot of interesting little stories in their lives, but they take it for granted. So first, you have to sit down and look at the simple things that have happened in your life and draw stories from it. When you can draw a story from those simple things, then you realize that other people have little simple things they take for granted and you can help them package what they take for granted and, and move it towards the future.” – Matthew Frederick

“Yeah, so a lot of people don’t really know who they are, they know who they want to be. And it’s a connection of finding out who are you really and who you want to be and how do you bridge the gap and how do you use other real estate or a business or wellness. And by the way, you need all three.” – Matthew Frederick

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