An Intro to Self Storage Investing - with Scott Krone | TLS106

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.

In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.

In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices.

>>>Interested in partnering with me on future opportunities? Connect with me at CanovoCapital.com.

WE DISCUSS:

• He discussed his journey being in school and then getting involved in the multi-family space.
• How he transitioned into the self-storage space. 
• How he formed his first business Coda Design Build then transitioned into Coda Management Group
• Why and how they started their self-storage business.
• He explained the competition in self-storage business since multi-family opportunities are penciling out.
• His advise to people looking to transition into the storage unit market.
• Self-storage most significant areas of value that they can offer for prospective tenants.
• Areas of the market he focuses on.
• The biggest win in his real estate investing journey.
• His advise to people that are growing their investment portfolio during times of adversity.
• The best advice to those who's just starting the real estate investing journey.

KEY QUOTE:

"We don't make money solving people's goals, we make money solving people's challenges."

"In order for you to truly understand and make sure that you're following the right track and the right things, it's important to have a mentor who's been through it"

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info@codamg.com

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