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  • Time Is Money: Mastering Self-Storage Deals
    2024/09/02

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    Ready to fast-track your self-storage success?

    In this episode, Scott launches a 30-day Letter of Intent (LOI) challenge with his Self Storage Mastery students, aiming to have each participant secure a property within a month.

    He dives into the essential strategies for finding and evaluating deals, mastering time management, and avoiding common pitfalls that can slow down your progress.

    If you’re serious about growing your self-storage portfolio, Scott’s insights on prioritizing tasks and executing a proven marketing funnel will get you there.

    WHAT TO LISTEN FOR
    02:29 - Speed and the Self-Storage Market: Why Timing Matters
    06:44 - How a 30-Day Time Audit Can Transform Your Business
    16:07 - Networking in Your Market: Why It Pays to Be Direct
    21:46 - Scott’s Favorite Deal-Finding Techniques

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    26 分
  • Mistake #2 – The Risks of Skipping the Inspection
    2024/08/26

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    Are you overlooking crucial details that could make or break your self-storage investment?

    In this episode, Scott scrutinizes the common mistakes self-storage investors make, especially when it comes to physical site inspections.

    He shares tips on avoiding costly pitfalls, from HVAC and roofing issues to drainage and security systems.

    This episode will equip you with the knowledge to ensure your investment is rock solid.

    LISTEN FOR
    01:33 Avoiding rookie mistakes in physical inspections
    05:25 The hidden costs of poor roofing
    11:22 Inspecting electrical systems and plumbing
    16:04 Why thorough due diligence is non-negotiable

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    18 分
  • When Cutting-Edge AI Meets the World of Self-Storage
    2024/08/19

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    In this episode, Scott chats with Tyler Sellers about his innovative software, Cactus AI, that revolutionizes the way self-storage investors handle underwriting.

    From mom-and-pop operations to billion-dollar institutions, Sellers reveals how this tool leverages AI to streamline the underwriting process, saving time and ensuring precision in a rapidly evolving market.

    Technology is leveling the playing field in real estate investment.

    LISTEN FOR
    05:42 - Cactus: A tool for both small investors and large institutions
    14:19 - Tailoring Cactus to fit different investment strategies
    22:27 - Education and coaching in self-storage underwriting
    29:40 - Tyler’s personal story of starting with $0

    Guest: Tyler Sellars, Principal & CEO at Cactus AI
    Email | Website | LinkedIn | Tyler’s Self Storage Investment Journey

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    39 分
  • Mistake # 1 – The Risks of Purchasing Off the Beaten Path
    2024/08/12

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    Ever wondered what could derail your self-storage investment before you even start?

    Scott shares his personal blunders and lessons from over 20 years in the self-storage business, providing vital advice on how to avoid costly errors.

    He highlights the critical importance of location, market analysis, and thorough planning.

    WHAT TO LISTEN FOR
    04:44 Market Analysis: Key Factors to Consider
    15:02 Retail Mindset in Self Storage
    20:19 Supply Index and Market Demand
    25:36 The Role of Feasibility Studies

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    46 分
  • The Wealth Without Wall Street Formula
    2024/08/05

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    Ready to break free from Wall Street's grip and build real wealth?

    In this episode, Scott welcomes Russ Morgan, co-founder of Wealth Without Wall Street, to discuss the power of passive income and alternative investments in achieving financial freedom.

    Russ and his partner Joey Mure have created a groundbreaking book that offers a three-step process for success: setting clear goals, developing a personalized plan, and finding support within a community of like-minded investors.

    Through their unique approach, Russ and Joey empower readers to align their investments with their individual preferences, risk tolerance, and interests, leading to more engaging and successful outcomes.

    From hands-on real estate ventures to hands-off opportunities, they share insights from their thriving community of nearly 9,000 members who are transforming their lives by building passive income streams, leaving a legacy, and making a lasting impact.

    WHAT TO LISTEN FOR
    03:22 - Three-Step Process for Passive Investing
    16:39 - Achieving Financial Freedom
    25:33 - Vetting Syndicators and Investment Strategies
    35:58 - Growing a Community of Successful Investors

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    GUEST: RUSS MORGAN Website | Listen to episode 157 with Russ Morgan and Joey Mure

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    40 分
  • Smart Tax Moves: Cost Segregation Strategies for Self-Storage
    2024/07/29

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    Are you leveraging every financial advantage in your self-storage business?

    In this episode, Scott Meyers, the original SELF-STORAGE EXPERT, welcomes back Sean Graham to discuss the benefits of cost segregation for real estate investors, particularly those in the self-storage sector.

    Sean, a CPA with extensive experience in real estate and cost segregation, explains how this strategy can significantly accelerate depreciation, providing substantial tax benefits by front-loading expenses.

    They cover the financial implications, the potential savings, and the practical application of cost segregation studies, emphasizing the value of understanding and utilizing these financial tools.

    The conversation also touches on the efficiency of using virtual assistants for property management and other business operations, highlighting the cost-effective solutions available for real estate professionals.

    WHAT TO LISTEN FOR
    02:36 - Benefits of Cost Segregation for Self-Storage Owners
    07:31 - Detailed engineering studies
    18:10 - Time Value of Money and Inflation
    24:45 - Property Management with Virtual Assistants

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    Sean Graham
    LinkedIn | Maven Cost Segregation | Maven Cost Seg. Email | Maven Success
    Get the discount Sean mentioned

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    38 分
  • Revenue, Remote Management, and Real Results in Self-Storage
    2024/07/22

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    Can niche markets like RV and boat storage be the game-changer your business needs?

    In this episode, Scott chats with Gary Edmonds, a seasoned storage manager, about his journey from a commercial lender to a thriving storage facility owner and third-party manager.

    Gary shares his insights on managing facilities efficiently, the importance of meeting customer demands 24/7, and the evolving role of technology in the industry.

    They also discuss the potential in niche markets like RV and boat storage, and the critical importance of constant attention to facility operations.

    WHAT TO LISTEN FOR
    03:57 - From Banker to Storage Boss
    06:22 - Mastering Remote Management
    09:32 - Expansion Strategies
    28:38 - Niche Markets Explored

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    GUEST: GARY EDMONDS
    LinkedIn | Website

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    36 分
  • Scaling Smart: Self-Storage Strategies for Maximum Returns
    2024/07/15

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    Ever wondered how to turn a sleepy self-storage facility into a bustling profit powerhouse?

    Unlock the hidden potential of self-storage with the expert insights from Peter Smyth on the Self-Storage Podcast. Scott and Peter explore the nuances of tailoring management strategies to individual needs, enhancing customer experience, and sustaining growth in a challenging economic landscape.

    Peter discusses the competitive edge and strategic advantages of White Label Storage management, emphasizing how to transform overlooked or mismanaged facilities into profitable ventures.

    Through real-world case studies, he illustrates the importance of leveraging technology, effective revenue management, and customized services to optimize operations.

    WHAT TO LISTEN FOR
    00:58 - Creating a White Label Storage Brand
    10:48 - Revenue Management and Cost Reduction Strategies
    15:17 - Logical Pricing Parameters
    19:15 - Balancing Quality and Cost Reduction

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    GUEST: PETER SMYTH
    Peter’s LinkedIn | White Label Storage LinkedIn | X | Facebook |

    Website | Email

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    45 分