Win Some, Lose Some! A Millennial Self-Storage Owner in Madrid Shares What Went Wrong With His Second Investment

Self-storage can be a good investment for owners looking to avoid the risks of residential property, however the asset class comes with its own challenges. In this video, Jonny, a Spain-based financial analyst who purchased two self-storage facilities in Madrid, shares his journey, particularly what went wrong with his second acquisition and why he felt the need to divest himself of the property. The founder of the “Millennials With Money” YouTube channel bought his first site in 2022 to earn passive income and build a real estate business. It was profitable and generated cash flow, so he bought a second in 2023. Jonny explains the mistakes he made, why he decided to sell and what he’d do differently in the future. Despite the setback, he remains bullish on self-storage, citing an abundance of opportunities.