
Wednesday Jul 09, 2025
Calling All Brokers | StorChats: Bourbon & Bullsh*t w/ John Manes Ep 4
In this StorSuite special of Bourbon & Bullsh*t, John Manes breaks down the most misunderstood metric in self-storage investing: the cap rate. Over a pour of Elijah Craig Small Batch Bourbon (because this episode deserves a classic), John calls BS on broker proformas, unrealistic expense ratios, and overpriced deals that don’t pencil out in today’s interest rate environment. If you’re buying off of cap rate - listen up.
Grab a glass and join him as he breaks down:
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What a cap rate actually is - and how to calculate it
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The danger of buying when interest rates exceed your yield
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Why broker expense ratios are often misleading
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The real numbers seasoned operators use
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How to write your own proforma and protect your investment
Sampled Bourbon:
🥃 Elijah Craig Small Batch Bourbon – by Heaven Hill Distillery
94 proof. Notes of toasted oak, baking spice, rich caramel, and a warm finish.
Connect with John Manes
📧 jcmanes@storsuite.com
📞 210-818-1496
🌐 StorSuite.com
👉 Like, comment, and subscribe if you’re into bourbon, straight-shooting investment advice, and self-storage business strategy.
#BourbonAndBullshit #SelfStorage #CapRates #CommercialRealEstate #ElijahCraig #StorSuite #FinanceStrategy #NoBSInvesting
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