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Self Storage Investing

Latest episodes

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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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Aug 26, 2024 • 18min

Mistake #2 – Due Diligence Pitfalls

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.
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Aug 19, 2024 • 39min

When Cutting-Edge AI Meets the World of Self-Storage

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.
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Aug 12, 2024 • 46min

Mistake # 1 – The Risks of Purchasing Off the Beaten Path

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.
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Aug 5, 2024 • 40min

The Wealth Without Wall Street Formula

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.  
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Jul 29, 2024 • 38min

Smart Tax Moves: Cost Segregation Strategies for Self-Storage

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.
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Jul 22, 2024 • 36min

Revenue, Remote Management, and Real Results in Self-Storage

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.

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