Self Storage Investing
Scott Meyers, Stories and Strategies
This is the Self Storage Investing podcast, where we share the knowledge and skills from the industry’s leading investors, developers, and operators to help you launch and grow your self-storage investing business. What made them a success? Built their wealth? What was their mindset and mentality as they entered the space and found room for business growth? Led by podcast host Scott Meyers, the ORIGINAL SELF STORAGE EXPERT, we have a track record spanning two decades having successfully acquired, converted, developed, and syndicated over 4 1/2 million square feet of self-storage properties nationwide. Discover the secrets to building wealth and creating a thriving business mindset through our insightful episodes with leading experts. We delve into topics such as navigating recessions and market crashes, as well as the lucrative world of real estate investing through self storage. Join us as we explore strategies, tactics and insider tips that will propel your self storage investing journey toward prosperity. Get ready to unlock the potential of this lucrative (recession-proof) industry and embark on a path to financial freedom.
Episodes
Mentioned books
Jun 10, 2024 • 52min
Turning Self-Storage Ads into Occupancy
Send us a textMeet the software turning self-storage ads into occupancy boosters!In this episode, Scott interviews Jason Zickler, co-founder of Adverank, about how their specialized software is changing paid advertising for self-storage operators. Jason explains how Adverank's innovative algorithm provides precise budget recommendations to maximize occupancy without overspending. The discussion includes a live demo of the software, showcasing its real-time data integration with property management systems and Google Ads, and highlights successful case studies, including a remarkable turnaround for a struggling facility. Listen For:01:34 - Adverank Overview14:12 - Adverank Demo23:12 - PPC Ad Shortfall Explained41:04 - Real-World Success StoriesCONNECT WITH GUEST: JASON ZICKLERWebsite | Email | LinkedIn | 317-698-1309CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave a rating and review on Apple or Spotify.
Jun 3, 2024 • 27min
9 Ways to Make Money in Syndication Fees
Send us a textSyndicating self-storage deals just got trickier – here’s how to stay ahead.In this episode, Scott dives into the evolving landscape of the self-storage industry, emphasizing the challenges brought by rising interest rates, construction costs, and stricter lending practices. Scott outlines nine key fee structures in syndication, offering practical advice on balancing compensation and investor satisfaction. He provides valuable insights on how syndicators can adapt, including the importance of maintaining investor confidence and effectively managing fees.Listen For:03:32 - Fee Structures Explained19:31 - Competition and Returns21:05 - Balancing Fees and Incentives22:32 - Handling Investor PressureCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us a rating and review on Apple or Spotify.
May 27, 2024 • 46min
Beyond the Box: Pro Storage Explained
Send us a textImagine the booming world of self-storage evolving into something even more specialized and lucrative. In this episode, Scott Meyers chats with Joe Downs of the Belrose Storage Group about the emerging niche of "pro storage" – a unique blend of contractor and RV/boat storage. They explore the untapped potential of this market, the challenges of zoning and site selection, and the high demand driven by shifting consumer trends. Joe shares insights from his journey, emphasizing the importance of strategic location and the growth opportunities in this promising sector.Listen For:02:38 - The Birth of Pro Storage12:38 - The Demand for Contractor Storage24:55 - Overcoming Municipal Challenges34:50 - Demographics and Site SelectionCONNECT WITH GUEST: JOE DOWNSLinkedIn | Website CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us a rating and review on Apple or Spotify.
May 20, 2024 • 37min
From Traditional to Self-Directed: A Wealth-Building Journey
Send us a textTurn your savings into a wealth-building machine.Scott Meyers introduces Donnell and Angelique Stidhum, a dynamic duo dedicated to empowering individuals through financial literacy. They share their journey and strategies for leveraging self-directed 401(k)s, real estate investments, and other financial tools to achieve financial security and freedom. Highlighting the importance of community and clear goals, the Stidhums provide a roadmap for transforming traditional retirement accounts into a powerful wealth-building machine. Tune in to discover how to take control of your financial future and achieve your dreams.WHAT TO LISTEN FOR1:31 The Importance of Financial Literacy2:17 Donnell and Angelique's Self Directed Journey17:48 The Power of Self-Directed Investing19:33 Setting Clear Financial GoalsLeave a positive rating for this podcast with one clickGUESTS: Donnell and Angelique StidhumEmail | Website | You Tube | Facebook | LinkedIn | Instagram | TikTok CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us a rating and review on Apple or Spotify.
May 13, 2024 • 39min
Breaking Ground: The Next Steps in Self-Storage Site Development
Send us a textSite development is critical! In this episode, Scott shares the essentials of developing the perfect location for your self-storage business. From understanding zoning regulations and gaining community support to identifying red flags like environmental challenges and wetlands, he emphasizes the importance of due diligence and strategic planning. Scott highlights the critical role of market studies, feasibility assessments, and proactive consultation to ensure profitability and mitigate risks. He also discusses how a well-thought-out exit strategy and understanding the lender environment can lead to higher returns and a successful project.Listen For:03:45 - Zoning Approval Process and Key Considerations09:09 - Zoning and Height Restrictions28:39 - Financing Challenges and Current Lending EnvironmentLeave 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.
May 6, 2024 • 37min
The Developer’s Guide to Self-Storage Site Evaluation
Send us a textEssential strategies for development amidst financial uncertainties. In this episode, Scott explores the intricacies of evaluating potential development sites for lender approval in today's challenging economic landscape. With interest rates on the rise and a potential recession looming, Scott discusses the strategic importance of seizing opportunities during economic downturns, where less competition can lead to greater profits. He provides detailed insights on proper site selection, the critical role of feasibility studies, and shares lessons learned from past development challenges, urging investors to be proactive and well-prepared for when the market rebounds. Listen For: 4:53 Evaluating Potential Development Sites 10:50 Overbuilding: A Developer's Cautionary Tale 13:37 Navigating Financial Challenges and Recovery Options Leave a rating for this podcast with one click CONNECT WITH US Website | 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.
Apr 29, 2024 • 42min
The SpareBox Storage Tech Revolution in Self-Storage
Send us a textTechnology is transforming self-storage.Jackson Stevens shows us how tech can reign supreme in the realm of self-storage.Scott and Jackson discuss the SpareBox Technologies’ rapid growth and the innovative software solutions driving operational excellence. From AI-driven revenue management to real-time field operations apps, Stevens articulates how the integration of these technologies not only boosts NOI but also fundamentally alters the traditional storage facility management approach. Listen For:7:34 Unveiling RaFA: The Remote Field Operations App11:14 Leveraging AI for Effective Customer Acquisition16:17 The Philosophy Behind Spare Box's Technological Suite19:14 Enhancing Tenant Communication via Tech ToolsLeave a positive rating for this podcast with one clickGUEST: JACKSON STEVENS CEO and Co-Founder of SpareBox Technologies.Website | LinkedIn | SpareBox Technologies LinkedInCONNECT 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.
Apr 22, 2024 • 32min
Recapping the 2024 ISS World Expo
Send us a textThe ISS World Expo sets the stage.After attending the ISS World Expo in Las Vegas, Scott shares a comprehensive breakdown of the event, highlighting the vibrant community and the dynamic evolution of the self-storage industry. From technological advancements to the strategic discussions about the future of self-storage investments, Scott's offers a firsthand account of the industry's pulse. His focus on community, networking, and the significance of staying ahead of market trends provides invaluable guidance for anyone looking to scale in this sector.Listen For:3:52 Education and Strategy - Choosing Your Path at the Expo5:02 The Great Rollup - Discussing Industry Consolidation9:12 Business as Usual? - Self-Storage in Today's EconomyCONNECT 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.
Apr 15, 2024 • 39min
Why Technology is So Important in Self-Storage
Send us a textSoftware solutions are helping manage all aspects of maintaining facilities, from tracking tasks and schedules to providing insights on operational improvements. In this episode, Jadob Pandl and Bob Linneman of NodaFi join Scott to highlight the importance of having a centralized system for facility operations, especially for new entrants in the industry. They also discuss the potential for technology to create an ecosystem where different applications can communicate with each other, leading to more efficient operations. Storage facility owners need to embrace technology to enhance their operations and improve their return on investment.WHAT TO LISTEN FOR2:09 Enhancing Operational Efficiency3:08 Data-Driven Decision-Making14:18 Remote Management Capabilities25:33 Technology Integration and Ecosystem DevelopmentLeave a rating for this podcast with one clickGUEST: JACOB PANDL, NodaFiWebsite | X | LinkedIn GUEST BOB LINNEMAN, NodaFiWebsite CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram
Apr 8, 2024 • 50min
Investment Speed: Keeping Up in a Fast Market
Send us a textThree key steps to drive successful investments:Focus on your primary source of income, Understand the intricacies of tax-saving techniquesWrap your head around the powerful concept of 'infinite banking'.Addressing common fears and the noise of misinformation, Scott and guest Chris Miles emphasize the value of surrounding oneself with knowledgeable and successful individuals, encouraging a bold, yet calculated approach to personal finance and investment in 2024's dynamic market.Listen For4:23 Doubling Down: A Strategy for Growth11:22 Get Lean, Get Liquid, Get Out17:19 Deciphering the Cashflow Index27:40 Infinite Banking vs. 401KLeave a positive rating for this podcast with one clickGUEST CHRIS MILESWebsite | 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.
