Self Storage Investing

Send us a textIn this episode, Scott is joined by Frank Hanna, a real estate investor and financial advisor, who delves into the intricacies of Delaware Statutory Trusts and their tax advantages. With a background in the restaurant and hospitality industry, Frank transitioned into real estate, amassing a diverse portfolio. Today, he focuses on the specific benefits of Delaware Statutory Trusts, explaining how they serve as a strategic tool for real estate investors. Frank discusses the importance of understanding these trusts, their role in tax efficiency, and how they can enhance an investor's portfolio. He emphasizes the need for thorough research and working with experienced professionals to leverage these trusts effectively. LISTEN FOR4:05 The Benefits of Delaware Statutory Trusts (DST) in Real Estate Investing6:35 1031 Exchange Process with DSTs10:19 Tax Benefits and Investment Options18:57 The Resilience and Attractiveness of Self-Storage InvestmentsLeave a positive rating for this podcast with one clickGUEST: FRANK HANNAFrank B. Hanna Jr, is a leading specialist in estate planning, business succession planning, and wealth management for a select group of individuals, executives, and privately held business owners. CONNECT WITH GUEST FRANK HANNAWebsite | Facebook  | LinkedIn | InstagramCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram

Send us a textCarol Mixon is a veteran in the self-storage industry. In this episode she discusses the importance of maintaining a strong sales technique and understanding the market when investing in self-storage. She also emphasizes the importance of having a good manager for a storage facility.Mixon believes that the self-storage industry is still a profitable venture, especially in smaller towns where development is ongoing. However, she advises caution and thorough research before investing.WHAT TO LISTEN FOR2:54 The Rapid Growth and Female Leadership in the 80’s4:02 Adaptability and Learning on the Job6:23 The Importance of Persistence and Customer Relationships8:41 The Changing Perception of Women in Self-Storage  Leave a positive rating for this podcast with one click CONNECT WITH CAROL MIXONWebsite | You Tube | Facebook | X | LinkedIn | InstagramCONNECT 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. 

Send us a textThis episode was first published in November 2021.We have been made to believe that if we want to earn more money, we need to be ready to invest more time into the work. According to Russ Morgan and Joey Mure, that shouldn’t be the case. You can achieve financial freedom ad time freedom at the same time.Joey and Russ are the founders of Wealth Without Wall Street. They will be sharing some nuggets of wisdom around attaining financial freedom and time freedom. Grab your notebook and pen because you need to take notes.WHAT TO LISTEN FOR13:25 The genesis of Wealth without Wall Street18:46 How Russ and Joey’s short-term rentals are growing28:02 Culture index in hiring39:43 Outstanding stories of people who have managed to achieve financial freedomLeave a positive rating for this podcast with one clickCONNECT WITH RUSS AND JOEYConnect with Russ Morgan and Joey Mure:Course:WealthWithoutWallStreet.com/Hustle Podcast: Wealth Without Wall Street podcastResources Mentioned:Becoming Your Own Banker by R. Nelson NCONNECT 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.

Send us a textIn this episode, Scott conveys a personal perspective, intertwining his individual and professional aspirations for the year ahead and placing a strong emphasis on the value of relationships and deliberate actions. A significant point of in this episode is the prospective influence of Artificial Intelligence in the self-storage sector. Scott sets an ambitious objective of substituting 15-20% of costs with AI technologies. Amidst economic unpredictability, he maintains a confident outlook on the market, intending to intensify investments in various facilities and ventures. WHAT TO LISTEN FOR2:19 Adapting to Changes in the Market5:05 A Strong Investor Pool and Fund Structure13:10 Embracing Technology and AI in Business16:18 Optimism for 2024Leave 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.

Send us a textIn this episode, we look back at some of our most popular episode from 2023 and their pinnacle moments. These include discussions on the economic cycle, interest rates, and the importance of understanding the real estate microeconomics. Some of our guests share their experiences transitioning from other careers into self-storage investing, emphasizing the importance of due diligence, trusting one's gut, and the potential opportunities in the industry. The episode also covers the importance of having a clear purpose and mission, implementing effective systems and processes, and measuring progress.WHAT TO LISTEN FOR2:27 Understanding the Real Estate Cycle4:47 Identifying Signs of a Recession and Opportunities10:37 Leveraging Opportunities in Different Phases32:00 Adapting Investment Strategies to Current Market ConditionsLeave 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.

Send us a textWith 2024 just around the corner Scott takes the time in this episode to answer some of the most frequent questions he gets. Questions include success stories, how to analyze market trends (and what Scott sees happening in 2024), tax benefits, getting a real understanding of what creative financing really means, and how technology is changing operations. WHAT TO LISTEN FOR4:09 Success Stories in Tough Markets11:28 Understanding Value-Add Components in Self-Storage Facilities13:59 Creative Financing Strategies22:42 Leveraging Technology to Enhance Operations 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.

Send us a textShannon Robnett is a real estate investor with a focus on multifamily and industrial properties. In this episode he shares his journey into real estate, starting from a family background in the industry to his current success in syndicating capital. He discusses the importance of understanding market cycles and the fundamentals of real estate investing. Robnett also highlights the potential of industrial real estate, particularly in the context of reshoring and the need for flexible industrial spaces. He emphasizes the importance of prudence and ensuring that a property can stand on its own, rather than relying on future projections.WHAT TO LISTEN FOR2:09 Why Growing Up in a Real Estate Family Was Important for Shannon3:17 Shannon’s transformation from Residential to Commercial4:07 The Evolution of Investment Strategies and Capital Raising23:26 Market Analysis and Asset Class EvaluationLeave a positive rating for this podcast with one clickABOUT SHANNON ROBNETTWith 27 years experience, Shannon is a prominent real estate developer and syndicator in Boise, Idaho. The family legacy runs deeper – spanning five generations of real estate professionals to provide an expertise ingrained in the family’s heritage. The specialization revolves around procuring developmental land and navigating its entitlement. Once the stage is set for construction, the involvement of syndication partners comes into play.  CONNECT WITH SHANNONhttps://shannonrobnett.com/contact-us/  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.

Send us a textYou might call Mark Hutchinson an active passive investor. He takes pride in using the Infinite Banking Concept (IBC) to build capital. IBC involves using specially constructed dividend-paying whole life insurance as a means of building capital and then borrowing whenever interest would be paid to others. Mark explains the concept is a flexible and self-governed system that allows for investments in a variety of asset classes without restrictions. However, it requires discipline and time to build capital. WHAT TO LISTEN FOR5:30 The Infinite Banking Concept11:56 Flexibility and Control in Financial Management20:24 Strategic Use of Policy Loans for Investments29:51 Building Liquidity and Tax AdvantagesLeave a positive rating for this podcast with one clickABOUT MARK HUTCHINSONMark is a seasoned investor over the last four decades.But the global economic crisis 2008 was the last straw for Mark. Like others, he suffered significant losses an realized the importance of finding strategies that could mitigate or remove market risk. That’s when he connected with the Infinite Banking concept.CONNECT WITH MARKWebsite | Email 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.

Send us a textRick Gibson made his living successfully as a lawyer for nearly four decades. But it was a noteworthy book that made the case for him to think about investing.  Rich Dad, Poor Dad. That book inspired Rick to leave corporate America and form an investing team with his sons in real estate.  Today Gibson's portfolio includes mobile home parks and storage facilities, which he was able to grow and sell to a real estate investment trust.  And along the way Rick has come to see the importance of community in the self-storage industry, highlighting the value of Scott’s mastermind group in providing resources and support.   WHAT TO LISTEN FOR4:16 The Role of Family and Legacy in Business10:30 The Importance of Community and Networking18:16 Adapting and Thriving Through Economic Cycles21:16 Leveraging Experience and Collaboration for Success Leave a positive rating for this podcast with one click  ABOUT RICK GIBSONRick was a lawyer by trade in the St Louis area for 37 years. As an investor, his family business owns 80 single family rentals, six mobile home parks and nine storage facilities. He’s also involved in passive investing with another half dozen storage facilities and three different storage funds.  CONNECT WITH RICKEmail   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.

Send us a textBen Kall, a former college football player and coach turned real estate agent and investor shares his journey from coaching to real estate, explaining how he started a property management company and brokerage business before moving into self-storage investment.  He discusses the importance of diversifying in multiple asset classes and the challenges of managing other people's money.  Kall also talks about the importance of systems and processes in managing a growing portfolio and recommends the book "Who Not How" for those looking to improve their operations.  WHAT TO LISTEN FOR1:35 Calling an Audible. Ben’s From Football to Real Estate Investing3:29 Ben’s First Foray into Self-Storage Investing Without Prior Experience9:17 Ben’s Involvement in Different Asset Types21:03 Adapting to Current Market Conditions Leave a positive rating for this podcast with one click ABOUT BEN KALLBen is the managing member and co-founder of Legacy Investment Group. Legacy is a real estate investment firm focusing on the acquisition, improvement, and best-in-class management of select self-storage, multifamily, and triple net properties throughout the US Midwest.  CONNECT WITH BENInstagram| MN Storage | Waukee Storage | Legacy Storage | Legacy Investment Group |  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.