Self Storage Investing

Send us a textYou may be familiar with dynamic pricing, but have you ever heard of dynamic underwriting? This episode will feature how you can apply it to your own underwriting and how combining it with good thinking can thrive in today’s volatile market, so tune in!WHAT TO LISTEN FORReasons for the changes in the underwriting processMarket variables that influence the need for dynamic underwritingHelpful advice on how to survive a shifting marketCONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textWe're going to serve ways where you can add more revenue to your self-storage as our guest John Humphrey is helping us understand the internet of things and Helium hotspot and how we can profit from it. You'll be enlightened about this business model and tips on scaling hotspot installation and making the most leverage. Dive in and learn more about this passive income opportunity!WHAT TO LISTEN FORHow to make money from turning your property into a Helium hotspotAverage monthly revenue you can make with one Helium hotspotTop tips on how to install a Helium hotspot in a propertyIs it easy to sell the tokens you get from the Helium box?What self-storage owners can do in terms of multiple hotspot installationsRESOURCE/LINK MENTIONEDHelium: https://www.helium.com/ABOUT JOHN HUMPHREYJohn Humphrey is a seasoned entrepreneur. He's an author and is best known as the Revenue Generation Expert. His superpower is in implementing systems to generate ongoing income in his own companies and for his clients worldwide. His entrepreneurial journey began back in 2002, when he left New York and his high-paying consultant career in the pharma industry to move west to San Diego, where he and his wife, Michelle launched their first business, The Effortless Living. Since then they have built and sold multiple companies in healthcare, coaching, infinite banking, luxury, short-term vacation rentals, and the iot Helium network. He's the bestselling author of three books and speaks on stages worldwide.CONNECT WITH JOHNWebsite: https://linxstr.com/To book a 30-minute LinxSTR Strategy Session, click this link: https://calendly.com/johnhumphrey/linxstr?month=2022-06CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textIf you're profoundly affected by how the real estate market is going, we invited Craig Fuhr for a meaningful talk about insights on the current self-storage industry condition, the effects of changing inflation and interest rates on this asset class, and the excellent qualities that make self-storage thrive in the present global economic state. Be sure to listen to this episode!WHAT TO LISTEN FORPrivate capital: Its role for first-time self-storage investors and how it works in the current economy and lending industry situationThings that make self-storage a good investment in an inflationary periodAdvice on how to establish your credibility and stand out as a buyer to potential storage facility sellersEffects of a constantly changing economy on self-storage markets3 sets of numbers to look at when underwriting self-storage dealsThe function of networks and masterminds in acquiring more dealsRESOURCES/LINKS MENTIONEDPrinciples for Dealing with the Changing World Order by Ray Dalio | Hardcover  https://amzn.to/3tI48JH & Audiobook https://amzn.to/3HtldN2ABOUT CRAIG FUHROn April 4th, 2007, just one day after his 40th birthday, Craig was laid-off from his 6-figure I.T. Security job. Luckily, for him and his family, he already had a backup plan; Real Estate investing! Since then he’s flipped roughly 500 houses in the Baltimore Metro. Craig currently coaches high-performing business leaders who are seeking fulfillment, purpose, passion, and a new vision for their lives. He calls it, “Getting folks to the 2.0 version of themselves.” He is also intensely creative and works with the nation’s top internet marketers and speakers to create compelling presentations, training manuals, and even long-form books.CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textIn this episode, Dustin Heiner joins the show to inspire us by how he successfully got himself unemployed when he mastered passive investing in real estate. He also talks about the realities of being a full-time worker, controlling your finances, and protecting yourself from a probable financial crisis and recession. Acquire much value from this conversation and start getting yourself out of the employee mindset today!WHAT TO LISTEN FORThe importance of changing your mentality and knowing your valueBenefits of having passive income streams during a recessionThings to learn to recession-proof your personal finances Practical tips on how to make more money from real estateThe power of education, connecting people, and building relationshipsRESOURCES/LINKS MENTIONEDRich Dad Poor Dad by Robert Kiyosaki | Paperback https://amzn.to/3Mrcig0 & Audiobook https://amzn.to/3xf6TmGTo get a free real estate investing course, text “RENTAL” to 33777 or visit www.masterpassiveincome.com/freecourseTo obtain a 10% off when you buy a ticket for the May 2023 Real Estate Wealth Builders Conference in Phoenix, go to http://www.rewbcon.com and use the promo code “SCOTT”.ABOUT DUSTIN HEINERDustin Heiner is the founder of Master Passive Income and the Real Estate Wealth Builders Conference called at REWBCon and Successfully Unemployed. Yes, that is his company and that also defines what he is. Dustin is a real estate rental property investor who was able to make enough passive income from his business to quit his job when he was just 37 years old. And with this podcast, his YouTube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate or rental properties to live the dream life.CONNECT WITH DUSTINWebsite: https://www.masterpassiveincome.com/Website: https://rewbcon.com/Website: https://successfullyunemployed.co/YouTube: Successfully Unemployed https://www.youtube.com/c/SuccessfullyUnemployed/videosPodcast: Successfully Unemployed Show https://podcasts.apple.com/us/podcast/successfully-unemployed-show-with-entrepreneurs/id1491567035CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textToday, our guest Patrick Precourt, drills down what truly keeps us from becoming our best selves, how to unlock the excellence in you, adapt to a fast-changing real estate market, and the significance of embracing chaos and uncertainty. Learn all these in this meaningful episode!WHAT TO LISTEN FORThe significance of having a consistent behavior in real estate successWhat’s the most impactful thing that holds people back from achieving success?Advice on how to reestablish the belief in yourselfPositive impacts of embracing changes and taking action forwardBenefits of being authentic to yourself and valuing yourselfRESOURCES/LINKS MENTIONEDLiving Big: Patrick Precourt’s most downloaded eBook ever https://precourtenterprises.clickfunnels.com/optin_box/xxs00xt6qk1ccytjABOUT PATRICK PRECOURTPatrick Precourt has been a real estate investor since the late nineties specializing in short sales and flips and focusing on boutique senior living space. He's also a real estate educator that is then, over the years, evolved into the individual peak performance arena, and that happened around 2012. At the same time, he opened a gym called The Cage, a lifestyle fitness center with the heart and culture of martial arts that has become a giant laboratory for testing his performance-altering behavior techniques, which is what he's most passionate about. He is also an ultra-competitive guy who played rugby for 14 years and entered his first MMA cage match at the ripe young age of 42. His latest project is called the Maverick code, a 90-day program to change any area of your life and begin a lifelong journey towards excellence by changing and altering the way you think.CONNECT WITH PATRICKWebsite: https://patrickprecourt.com/Linkedin: http://linkedin.com/in/patrickprecourt/Facebook: https://www.facebook.com/profile.php?id=1338765701Instagram: https://www.instagram.com/patrickprecourt/CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textLet's dive deeper into the operation and property management aspect of self-storage as Alex Erbs is joining the show to share his expertise. He talks about making your online presence, finding the best management solutions, and the importance of cultivating good relationships with your competition in this episode. Want to discover strategies to make your properties more profitable? Be sure to check this out!WHAT TO LISTEN FORErbs Management Group: Different management options and servicesBranding and digital marketing strategies for a self-storage businessWhat to look for when hiring a property management companyAdvice on raising rents and feesSignificance of finding the best solutions for your clientsABOUT ALEX ERBSAlex cofounded Erbs Management Group in 2020.  He serves as the President, managing the day-to-day operations and continual business development.  Erbs Management Group is a family-owned and operated company with years of experience in owning, managing, acquiring, and developing storage facilities across the Midwest, specifically in secondary and tertiary markets.  Erbs Management Group has 26 facilities under management in 5 different states. In the coming years, Erbs Management is looking to expand its hybrid style of third party management by at least doubling the size of its portfolio and continuing to assist its owners in expanding and developing their current assetsCONNECT WITH ALEXWebsite: Erbs Management Group https://www.erbsmg.com/Linkedin: https://www.linkedin.com/company/erbsmg/ | https://www.linkedin.com/in/alexerbs/Facebook: Erbs Management Group https://www.facebook.com/erbsmgEmail: alex@erbsmg.comCONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textIn business, capital is everything, so we always have to find new ways to acquire it. In today’s episode, Steve Parisi joins us to discuss using insurance policies to fund an investment. Make sure to hit that play button to learn the advantages of cash value life insurance and its vital role in building capital, and the disadvantage of utilizing it that you need to know.WHAT TO LISTEN FORHow much cash can you access from a policy?Different tax benefits or tax consequences from an insurance A unique strategy to leverage insurance for wealth growth What is the biggest drawback of whole life insurance?RESOURCES/LINKS MENTIONEDBecoming Your Own Banker by R. Nelson Nash | Paperback https://amzn.to/3PH2gKA& Audiobook https://amzn.to/3lKRLs4 Bank on Yourself by Pamela Yellen | Paperback https://amzn.to/3MMYZre & Audiobook https://amzn.to/3z01rXxReady, Fire, Aim by Michael Masterson | Paperback https://amzn.to/3lFID85 & Audiobook https://amzn.to/3zfVgyL$100M Offers by Alex Hormozi | Paperback https://amzn.to/3LNllYt & Audiobook https://amzn.to/3PBwj6mABOUT STEVE PARISISteve Parisi has been in the financial services industry since 2011 after graduating from Moravian College. He began in Medicare and Final Expense Insurance, but seeing it was not a good fit, moved on to a role as a Case Designer for High Cash Value life insurance policies at an individual planning firm. Two years later, Steve transitioned into a role where he modeled High Cash Value policies for corporations. In 2015, Steve began an independent venture and started his company, IBC Global Inc. Starting out in a garage with two desks and one part-time assistant, he was focused on helping individuals set up High Cash Value policies. He quickly discovered a need in the industry that more agents are essential who are interested in helping their clients, instead of gaining a high commission. Due to his tireless determination, the company produced $115,000 in revenue that year. IBC Global Inc. has grown into a full-functioning professional office with over 40 W-2 employees. The company continues to hold the same high standards of education, prompt and thorough service, and a follow-up process second to none. While being highly dedicated to his work, Steve always manages to have quality time with his wife, Tara, and dogs. He also is a runner and gives priority to his volunteer work where he educates his neighbors about the Bible.CONNECT WITH STEVEWebsite: https://ibcglobalinc.com/Email: info@ibcglobalinc.com Facebook: https://web.facebook.com/IBCglobalinc/YouTube: https://www.youtube.com/c/ibcglobalincTwitter: https://twitter.com/ibcglobalincLinkedin: https://www.linkedin.com/company/ibcglobalinc/CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuy

Send us a textDespite a high-paying job, our guest George Fitz thought that getting into real estate would be the best thing to do for his future. In this episode, we’ll be diving into what makes self-storage better than multifamily and the vital role of networks and connections in growing in this business.WHAT TO LISTEN FORWhy do highly-paid individuals get into real estate?Disadvantages of operating your own multifamily businessTips for ensuring you’re buying a good self-storage propertyThe importance of knowing people when finding dealsAdvice for investors who are new to the self-storage spaceRESOURCES/LINKS MENTIONEDWho Not How by Dan Sullivan | Paperback https://amzn.to/3lGWoDf & Audiobook https://amzn.to/3GiLop2ABOUT GEORGE FITZGeorge Fitz is one of our incredible mentors and is responsible for assisting a number of our clients in purchasing their very first self-storage facility, as well as growing and scaling an existing portfolio. Born and raised in the small mining town of Hazard, Kentucky, he went on to get a degree in film from Northwestern University. He later moved to California and began investing in beachfront condos, single-family, and multi-family rentals, and eventually in self-storage where he has experienced a great deal of success. But his greatest achievements are in giving back to his local community by contributing to the local theater, other groups that support domestic violence, the Shriners, and children's suffering and poverty. Eventually, he found an IT consulting business, which is truly his passion but credits self-storage for allowing him to create his dream company. And we are thankful that George takes the time to mentor our clients and for sharing the blueprint for making their dreams a reality with self-storage as the engine to make it all happen.CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textBefore making that educated decision on your next property investment, listen to this episode and learn from Jesse Luke as he dives deeper into the most relevant topics in today’s inflationary market. Get insider tips on how to minimize debt yield, when to refinance and sell, underwrite, and how to drive expenses down, especially in the self-storage market.WHAT TO LISTEN FORWhat does the incremental growth in cap rates look like?How d minimize risks in cap rates?Strategies on how to hedge inflationTechniques to effectively balance the seller-broker-buyer relationshipRESOURCES/LINKS MENTIONEDCapitalization Rate (Cap Rate) https://en.wikipedia.org/wiki/Capitalization_rateNet Operating Income (NOI) https://www.investopedia.com/terms/n/noi.aspABOUT JESSE LUKEJesse specializes in representing buyers and sellers of self-storage investment properties. In 2015, he started EquiCap Commercial, created the Self Storage Advisory Group, and completed numerous transactions, representing private and institutional buyers and sellers in the self-storage marketplace, with an aggregate value of over $120 Million.  Before EquiCap Commercial, he was a licensed sales agent with Hardison & Associates and Marcus & Millichap. He is an Illinois Licensed Salesperson, a member of the Fox Valley Association of Realtors, a Board Member of the Indiana Self Storage Association, and a guest speaker for the self-storage industry.CONNECT WITH JESSEWebsite: EquiCap Commercial https://www.selfstorageopportunities.com/LinkedIn: Jesse Luke https://www.linkedin.com/in/jesse-luke-61ba2a5/Email: Jesse@EquiCapCommercial.com CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a textJoining us is Joe Evangelisti, an expert in flipping turned self-storage investor. He’ll discuss the advantages of a self-storage business over flipping houses, a syndication model that may be best suited for self-storage, tips for scaling your real estate business, and why self-storage is a resistant asset in recession. Dive in with us and find out how self-storage can be a tool to build wealth!WHAT TO LISTEN FORTeam Building: Single-family vs. commercial real estateWhat is 3x syndication?Tips for growing self-storage businesses from multiple statesHow to prepare yourself from an imminent recessionMarket predictions for 2022 in the self-storage industryRESOURCES/LINKS MENTIONEDWho Not How by Dan Sullivan & Benjamin Hardy | Paperback  https://amzn.to/3M8HyBh & Audiobook https://amzn.to/3Laz7DXABOUT JOE EVANGILISTIOnce known as “The Flip King”, Joe Evangelisti is now the host of The Legacy Blueprint podcast and a leading expert in real estate investing - specifically in the self-storage industry. After experiencing “burnout” from chasing single and multi-family deals, Joe walked away from his wildly successful flipping empire and transitioned to the world of Self-Storage. Today, Joe’s mission is to show others how to tap into the massive opportunities hidden inside the self-storage industry. Opportunities that require far less time, less risk, and exponentially more profits than any industry in real estate. In addition to The Storage Syndicate, Joe also serves as the CEO of three 7 and 8-figure companies. Prior to building his business and real estate empire, Joe served in the military as a Builder in the US Navy Seabees. He holds Letters of Commendation from the US Navy and The White House, a Letter of Appreciation from President Clinton, and numerous service medals. Joe lives with his wife Ashley and their 2 girls in beautiful Haddonfield, New Jersey.CONNECT WITH JOEWebsite: The Storage Syndicate https://storagesyndicate.com/Phone: 856-481-7795Podcast: The Legacy Blueprint https://podcasts.apple.com/us/podcast/the-legacy-blueprint/id959740605CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.