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Self Storage Investing

Latest episodes

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Nov 4, 2024 • 42min

Understanding the Banker’s Mindset (Part I)

Send us a textHow do you get inside a banker’s mind to secure a loan for self-storage facilities? Scott breaks down the intricate dance of lending and the steps borrowers must take to improve their chances of loan approval. He dives into how the current economic climate—elections, inflation, and fluctuating interest rates—affects loan applications and approval times. Scott also explores different lending sources, from community banks to pension funds, and emphasizes the importance of crafting a detailed business plan to win over lenders. WHAT TO LISTEN FOR:59 The Impacts of Interest Rates and Elections on Lending1:55 Why Banks Avoid Saying “No” Directly6:15 Can You Get Pre-Approved For a Self Storage Loan?29:49 Final Projections: Why Good Enough Isn’t Good EnoughLeave a positive rating for this podcast with one clickCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Oct 28, 2024 • 42min

Broker-Dealer Rules Every Self-Storage Operator Should Know

Send us a textWhat happens when changing regulations collide with private equity in self-storage? Scott sits down with Byron Elliot of Three Pillars Law to explore the evolving landscape of fundraising and legal compliance in real estate investing. From shifting SEC enforcement strategies to the rise of fund-to-fund models, Scott and Byron offer crucial insights into how operators can stay ahead in a tightening market. They also dig into creative financing strategies, how to avoid broker-dealer pitfalls, and why transparency and solid legal practices are non-negotiable when handling other people’s money.WHAT TO LISTEN FOR04:40 – SEC enforcement and the impact of stricter penalties17:45 – Distressed assets: Opportunity amidst market shifts20:51 – Creative financing solutions: Owner-carry notes are back39:54 – Byron’s advice for navigating private equity Leave a rating for this podcast with one clickCONNECT WITH GUEST: Byron Elliott, Esq. (Managing/Founding Partner Attorney) Website | LinkedIn | Facebook CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Oct 21, 2024 • 24min

Preparing for Self Storage Growth in 2025 – Part Two

Send us a textPlanning for success in 2025 starts now—and Scott is back with part two of his guide to mapping out a productive year.  This episode dives into the nitty-gritty of creating a concise one-page plan that aligns goals with core values, all while ensuring team accountability and strategic foresight.  Whether it’s budgeting, staffing, or outlining KPIs, Scott emphasizes that goal setting is a process that shouldn’t wait until the last minute.  He discusses frameworks like EOS to keep the team focused and motivated, how to structure meetings effectively, and why it’s crucial to define both long-term vision and midterm benchmarks.  WHAT TO LISTEN FOR02:25 Why core values drive business success06:46 Hiring: From COO to acquisition specialists12:15 Setting KPIs for growth and sustainability18:36 “To-do” items that don’t get kicked down the road Leave a positive rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Oct 14, 2024 • 26min

Preparing for Self Storage Growth in 2025 – Part One

Send us a textHow do you plan for a record-breaking year in business? Scott walks listeners through the first of a two-part series on how to prepare for a highly successful 2025. He breaks down the process of reviewing and reflecting on the current year to set the right goals and direction for the future. Scott highlights key questions to ask your team, the importance of evaluating every department, and how to align your growth goals with a rolling five-year plan.  WHAT TO LISTEN FOR03:49 Key questions to ask for business reflection10:05 Leadership evaluation: Transparency and ego-checks17:01 Performing a SWOT analysis for 2025 planning22:16 Prioritizing initiatives: What should you focus on? Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Oct 7, 2024 • 37min

10 Steps for Hosting a Standout Self Storage Investor Meetup

Send us a textReady to host a successful investor meetup and secure more capital for your projects?  Scott breaks down the 10 essential steps to plan, organize, and execute an investor meetup that leaves a lasting impression on current and potential investors.  From picking the right location and date to engaging your guests with market tours, dinner, and detailed presentations, Scott walks you through how to build trust, answer questions, and ultimately close the deal.  WHAT TO LISTEN FOR03:41 Planning Your Meetup: Location and Timing10:18 Preparing Professional Presentation Materials26:14 The Importance of Post-Event Follow-Up29:07 Handling Low Turnout and Highlighting Successes Leave a positive rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Sep 30, 2024 • 34min

REPLAY – Building Self Storage Wealth

Send us a textThis is a Replay of an episode first published in October 2023. Are partnerships in self-storage the key to scaling up, or is it better to go solo?  In this episode, Scott sits down with Luke Wong, a self-storage entrepreneur who has made a name for himself in the industry.  Luke shares his journey from real estate flipping to his successful leap into self-storage investing. He dives deep into finding good partners, overcoming health and market challenges, and the power of networking in the self-storage world.  This conversation is packed with real-world insights for anyone looking to start or grow their self-storage business. WHAT TO LISTEN FOR4:50 – Transitioning to Self-Storage16:35 – Taking the Leap with Partnerships19:53 – Benefits of Good Partnerships29:50 – Patience in Finding Deal GUEST: LUKE WONGWebsite | LinkedIn | Instagram | Facebook  Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Sep 23, 2024 • 32min

Gorging Yourself at the Self-Storage Buffet

Send us a textReady to transform your future with self-storage success?  Scott welcomes special guests Roger and Julie Trovillion, a couple who went from real estate newbies to owning three self-storage facilities, all within a few short years.  Learn how they got their start, overcame doubts, and ultimately transitioned Roger out of his 9-to-5 job.  Hear their inspiring story of investing both actively and passively, while also making a difference through mission work. It’s not just business—it’s a lifestyle shift. WHAT TO LISTEN FOR02:45 The turning point that made them go "all in" on self-storage08:40 The surprising ease of finding their first facility15:20 The key to their confidence: Scott's no-loss investment strategy17:05 The power of the Self-Storage Mastermind GUEST: JULIE & ROGER TROVILLIONWebsite | Facebook |Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Sep 16, 2024 • 32min

Location, Location, Location: Self-Storage Site Selection

Send us a textAre you making the right moves in self-storage site selection, or are you risking costly mistakes?  In this episode of, Scott Meyers dives deep into one of the most critical aspects of self-storage development: site selection.  Scott explains how to evaluate potential sites, discusses the importance of consulting experts for feasibility studies, and highlights key factors such as zoning, site size, market demand, and competition.  WHAT TO LISTEN FOR03:33 Understanding Zoning and Planning for Your Site07:01 Ideal Site Size for Storage Facilities15:11 Matching Facility Design to City Requirements19:59 Positioning Your Facility Against Competition Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Sep 9, 2024 • 23min

Your Self-Storage Investment is a Business… Not a Hobby

Send us a textAre you treating your self-storage investment like a business or just a hobby?  In this episode, Scott looks at the crucial mistakes new investors make, particularly the costly error of not treating their self-storage ventures as serious businesses.  He outlines the fundamental steps necessary to ensure long-term success, including the importance of having a solid business plan, maximizing profits, leveraging technology, and implementing standard operating procedures.  Scott also shares insights on how to avoid common pitfalls and thrive in the ever-evolving self-storage industry. WHAT TO LISTEN FOR02:47 – Seven foundational points for self-storage success12:03 – Maximizing profit centers in your facility18:17 – Treating your business like a franchise20:56 – You own it: The mindset of a successful owner Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.
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Sep 2, 2024 • 26min

Time Is Money: Mastering Self-Storage Deals

Send us a textReady 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 FOR02:29 - Speed and the Self-Storage Market: Why Timing Matters06:44 - How a 30-Day Time Audit Can Transform Your Business16:07 - Networking in Your Market: Why It Pays to Be Direct21:46 - Scott’s Favorite Deal-Finding Techniques Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

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