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Nov 23, 2022

Andrew Leedom is a husband and father of 4 who transitioned from structural engineering to full-time commercial real estate to maximize his time, talents, and resources. He is the founder of Self Storage Stewardship and has partnered with Community Investment Group, a company that provides investment opportunities including multi-family, hotel conversions, and self-storage, to build their self-storage division.

 

In this episode, we welcome back, Andrew Leedom. Andrew shares when he decided to switch careers and enter the commercial real estate space. That the primary reason was that he didn’t see any financial benefits from his current career path, and that time was also big factor in his decision. He started learning about real estate through podcasts and books and found pockets of success early on. His daughter was a major motivating factor in his decision to enter the industry, as she was struggling to pay her college tuition.

 

To learn more about Andrew, listeners can visit his website at Self-Storage Stewardship!

 

[00:01 - 01:28] Opening Segment

  • Andrew shares how he left his career to pursue commercial real estate
  • He found real estate to be a more profitable and time-effective investment than his previous career path, and he recommends others to do the same  

 

[01:29 - 18:08] The Opportunities Of Multifamily Mobile Home Parks And Self-Storage

  • Real estate is a unique asset class that offers a variety of opportunities for wealth creation
  • He realized that he had to take control of his finances and invest in themselves
  • Re-evaluating his residential multi-family portfolio and how it performs compared to what he had anticipated
  • Being on track and scaling the business
  • There is a lot of opportunity in the self-storage, boat, and RV storage markets
  • The barriers to entry for these industries are not as high as in other asset classes

 

[18:09- 26:06] Closing Segment

  • Andrew shares his journey from engineering to commercial real estate
  • Andrew shares where you can get in contact with him (links below)

 

 

Quote/s:

“Some of the bigger players are, they are moving into, secondary markets, but they're still not touching any of the smaller secondary markets and tertiary markets. So, there's still a lot of room for folks to get in and get their foot in the door and get started.” – Andrew Leedom

 

You can connect with Andrew through his: 

Website: Self-Storage Stewardship

 

 

WANT TO LEARN MORE?

 

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Or send me an email at sujata@luxe-cap.com

 

Visit my website www.luxe-cap.com or my YouTube channel

 

Thanks for tuning in!

 

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