{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Retire on Rentals","title":"From Dentistry to Self Storage Development and Beyond - Wayde Elliott","html":"","width":"100%","height":180,"duration":2740,"description":"Retire on Rentals Podcast: From Dentistry to Self-Storage Development and Beyond with Wayde ElliottEpisode Overview:In this inspiring episode of Retire on Rentals, host Nicholas Cook sits down with Wayde Elliott, the visionary behind STORE IT, to discuss his remarkable transition from a 20-year career in dentistry to becoming a self-storage developer. Wayde shares his journey, from a forced career pivot due to injury to building a thriving storage business, offering insights into development, operations, and the mindset needed to succeed in real estate. Packed with practical advice and lessons learned, this episode is perfect for aspiring investors looking to break into self-storage or optimize their real estate ventures.Guest:Wayde Elliott, Founder and Visionary, STORE ITFormer dentist turned self-storage developer with over 15 years in the industryFocuses on ground-up development and conversion projects to add value for investorsKey Topics Discussed:From Dentistry to Self-Storage (Timestamp: 2:30)Practiced dentistry for 20 years until a spinal injury forced a career changeInspired by a patient’s lifestyle of freedom through self-storage ownershipTransitioned after learning from the patient, valuing time over trading hours for moneyFirst Storage Deal: Diving into Development (Timestamp: 6:00)Built first facility in St. Helens, Oregon, facing challenges like wetlands, highway access, and environmental issuesBenefited from bank financing based on appraised value, a luxury not available todayLearned through trial and error, emphasizing the importance of not knowing what you don’t knowHitting a Home Run with the Second Deal (Timestamp: 10:15)Sold first facility to fund a conversion project in Forest Grove, repurposing an old lumber yardEasier project with existing infrastructure led to greater profits than 20 years of dentistrySparked accelerated growth and team-building for STORE ITSTORE IT’s Business Model (Timestamp: 13:00)Focuses on adding value through...","thumbnail_url":"https://img.transistorcdn.com/kZ_y-p-mMg6o7pg5hZW9Nn6L_xSjue44Fh3T6gh4CwM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wYWE5/NWU3M2IxNWVkYzUw/ZWFmMzVhMmIyOTQ1/YjczYi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}