Self Storage Investing

Send us a textThese are changes that could impact cashflow.The revisions to the SBA rules make it easier for borrowers to meet the 10% equity requirement for loans, allowing seller debt to count towards the full 10% equity injection. Other changes include the acceptance of Home Equity Line of Credit (HELOC) or cash-out refinance of real property as equity, and the simplification of debt refinance. And a newly implemented rule limits loan terms for partner buyouts to 10 years.WHAT TO LISTEN FOR5:18 Use of HELOC and Cash-out Refinance for Equity6:30 Clarification of SBA 7(a) vs. 504 Loans17:40 SBA’s New 10-year Loan Term Limit26:21 REITs Management ApprovalLeave a positive rating for this podcast with one clickCONNECT WITH GUEST ANNE MINOWebsite | LinkedIn | EmailCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram

Send us a textFor the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. Part II was recorded last Fall on another cool morning in Colorado the day after a wicked thunderstorm the night before.This episode features a round table discussion of various topics including the importance of reviewing loan documents, the cognitive clause in loan agreements, and the launch of the new South Storage Mastermind portal. The portal provides access to a member directory, event details, webinar recordings, and other resources. WHAT TO LISTEN FOR6:12 Customer Retention Strategies8:33 Underwriting and Risk Assessment11:12 Innovative Financing and Interest Rates14:08 Legal Vigilance and Loan DocumentsLeave 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 textFor the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. This episode was recorded last Fall on a crisp morning in Colorado. Scott sets the stage for the day which will include the principles of Napoleon Hill's Mastermind converge, offering a unique blend of professional wisdom and personal journeys. Scott shares his journey from AT&T Lucent Technologies to becoming a self-storage mogul, emphasizing the event's focus on community, capital, and deal flow.With a focus on growth, scaling, and a community of rock stars, listeners will get an insider's look at how elite groups within the industry collaborate to achieve greatness. From discussions on the state of the market to personal anecdotes of transformation and success, this episode offers a rare glimpse into the power of collective intelligence and the spirit of competitive giving. WHAT TO LISTEN FOR2:26 Napoleon Hill’s Mastermind Principles10:25 Personal and Professional Growth Opportunities13:07 Community Impact and Social Responsibility14:08 Networking and Collaborative VenturesLeave 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 textThe next three episodes are going to be a unique experience. For the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. Part I is a special episode featuring industry titan Rick Gibson, who shares his vast experience in self-storage, including his journey through investing and the impactful lessons he's learned along the way. Nothing beats being at our mastermind events where you can network and ask your questions… but in this episode you'll get an inside look at the discussions that shape success in this industry, from investment strategies to life-changing decisions. WHAT TO LISTEN FOR2:22 Rick Gibson’s Diverse Portfolio5:02 The Significance of Relationships in Mastermind Events14:02 The Concept of “Die with Zero”27:45 Insights on Self-Storage Unit Mixes and Market NeedsLeave 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, 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.Attend the Self Storage Academy in Seattle, WA August 21-23https://selfstorageacademy.com/ 

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.Attend the Self Storage Academy in Seattle, WA August 21-23https://selfstorageacademy.com/