Send us a textAre 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 FOR01:33 Avoiding rookie mistakes in physical inspections05:25 The hidden costs of poor roofing11:22 Inspecting electrical systems and plumbing16:04 Why thorough due diligence is non-negotiable Leave a positive rating for this podcast with one click 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 textIn 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 FOR05:42 - Cactus: A tool for both small investors and large institutions14:19 - Tailoring Cactus to fit different investment strategies22:27 - Education and coaching in self-storage underwriting29:40 - Tyler’s personal story of starting with $0 Guest: Tyler Sellars, Principal & CEO at Cactus AIEmail | Website | LinkedIn | Tyler’s Self Storage Investment Journey  Leave a 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 textEver 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 FOR04:44 Market Analysis: Key Factors to Consider15:02 Retail Mindset in Self Storage20:19 Supply Index and Market Demand25:36 The Role of Feasibility Studies Leave a rating for this podcast with one click 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 textReady 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 Leave a rating for this podcast with one click  GUEST: RUSS MORGAN Website | Listen to episode 157 with Russ Morgan and Joey Mure   CONNECT WITH US Website | You Tube | Facebook | X | LinkedIn | Instagram  FFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.  

Send us a textAre 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 FOR02:36 - Benefits of Cost Segregation for Self-Storage Owners07:31 - Detailed engineering studies18:10 - Time Value of Money and Inflation24:45 - Property Management with Virtual Assistants Leave a rating for this podcast with one click Sean GrahamLinkedIn | Maven Cost Segregation | Maven Cost Seg. Email | Maven Success  Get the discount Sean mentionedCONNECT 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 textCan 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 FOR03:57 - From Banker to Storage Boss06:22 - Mastering Remote Management09:32 - Expansion Strategies28:38 - Niche Markets Explored Leave a rating for this podcast with one clickGUEST: GARY EDMONDSLinkedIn | Website 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 textEver 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 FOR00:58 - Creating a White Label Storage Brand10:48 - Revenue Management and Cost Reduction Strategies15:17 - Logical Pricing Parameters19:15 - Balancing Quality and Cost ReductionLeave a positive rating for this podcast with one click GUEST: PETER SMYTHPeter’s LinkedIn | White Label Storage LinkedIn | X | Facebook |Website | Email  CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram

Send us a textIt was all about cold calls in the early days. Rachel Parham of Noah's Ark Development remembers her dad making call after call to manage a portfolio of over 400 facilities. Nothing wrong with good, honest, nose to the grindstone hard work. And it paid off.  Rachel emphasizes the importance of due diligence, market studies, and experienced partnerships while discussing the challenges and opportunities in today's market. WHAT TO LISTEN FOR:05:14 - A Family Affair15:37 - Strategic Site Selection18:27 - Adapting to Market Demands24:00 - The Power of TechnologyLeave a positive rating for this podcast with one clickGUEST: RACHEL PARHAM | President Noah’s Ark DevelopmentWebsite | Facebook | Learn Self Storage Videos | Blog | Invest in Noah’s Ark 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 textTom Dunkel, Chief Investment Officer at Belrose Storage Group, discusses the increasing demand for boat and RV storage in the US. He explains that the production of RVs and boats is outpacing the creation of storage spaces, with homeowners’ associations and municipalities often restricting parking in residential areas. Dunkel suggests that this demand, coupled with the low maintenance and high margins of such facilities, makes boat and RV storage an attractive investment. However, he acknowledges that raising capital for these projects can be challenging due to investor unfamiliarity with the asset class and current economic uncertainties. Despite these challenges, Dunkel remains optimistic about the future of boat and RV storage, seeing it as a long-term growth opportunity.WHAT TO LISTEN FOR13:04 Growing Demand for Boat and RV Storage15:17 Operational Ease16:18 Future Growth Prospects28:14 Challenges in Raising CapitalLeave a positive rating for this podcast with one clickCONNECT WITH Tom DunkelWebsite | X | LinkedIn 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 textThis is an episode first published in September 2023. It’s one of our most popular.In this episode Scott discusses the current state of the Self-Storage industry and why it’s attracting new investors. With other asset classes experiencing a downturn, Self-Storage remains a lucrative investment option.   Scott explains how self-storage thrives during economic downturns as businesses and individuals downsize, leading to increased demand and rental rates. He also highlights the benefits of investing in self-storage during a recession and the opportunities it presents. This episode provides valuable insights for those interested in entering the self-storage market or looking for alternative investment options.   WHAT TO LISTEN FOR 1:25 Why Self-Storage during economic downturns 8:26 A solid plan for getting started in Self-Storage 10:14 The vital importance of writing a business plan 23:00 How to really understand cashflow CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram  Leave a rating for this podcast with one clickGUEST: Doug DownsWebsite | You Tube | Facebook | X | LinkedIn | Instagram CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram