Self Storage Investing

Software 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

Three 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.

Truth is the waters of financial advice are murky.  Chris Miles is a vocal critic of mainstream financial planning. He’s often described as the anti-financial advisor.  Chris brings a fresh and critical perspective on what truly works in the realm of investing. This cuts through the noise, challenging preconceived notions and exposing the hidden truths in the financial world.  WHAT TO LISTEN FOR 1:28 Rethink Traditional Financial Advice 3:16 Real Estate as a Key Investment Strategy 17:07 Avoiding Investment Traps 19:05 Diversification Beyond Stocks  Leave a rating for this podcast with one click  GUEST: CHRIS MILESChris Miles, the Cash Flow Expert and Anti-Financial Advisor, is a leading authority teaching entrepreneurs and professionals how to get their money working for them TODAY! He’s an author, podcast host of the Money Ripples Podcast, has been featured in US News, CNN Money, Entrepreneurs on Fire, and BiggerPocketsCONNECT WITH CHRISWebsite | You Tube | Facebook | X | LinkedIn | InstagramCONNECT 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.  

The heart and hustle behind the Meyer’s self-storage empire. This episode shares the personal and professional evolution of the Meyers’, from overworked landlords to self-storage magnates. Christina opens up about their initial leap of faith into the industry, while Scott details their transition into education and mentorship, shaping the country's leading self-storage community. The couple candidly explores the balance of business and marriage, sharing invaluable insights on partnership and conflict resolution. Topping off their narrative, they delve into their mission-driven business model, which has not only spurred financial success but also ignited a passion for philanthropy, leaving a lasting impact on communities and setting a heartfelt example for entrepreneurs everywhere.WHAT TO LISTEN FOR3:22 The Road to Teaching5:04 Family Dynamics in Business9:39 Behind the Scenes Insights19:48 A Future Focused on PhilanthropyLeave a positive rating for this podcast with one clickGUEST: CHRISTINA MEYERSWebsite | You Tube| Facebook| X | LinkedIn | InstagramCONNECT 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.

The transformative journey of self-storage investing from chaos to calm.Scott and Christina Meyers share a raw and personal narrative of their entrepreneurial journey on the Self-Storage Podcast. From their early struggles with single-family rentals to the liberating shift to self-storage, they reflect on the business's challenges and the freedom it ultimately provided their family. The Meyers’ discuss their first self-storage deal, the growth of their business, and the deep connections formed within the industry. They emphasize how self-storage has enabled a flexible family lifestyle, including homeschooling their children and participating in mission trips, highlighting the stark contrast to their previous life consumed by demanding property management.WHAT TO LISTEN FOR2:04 - The Partnership Dynamic4:57 - The Turning Point to Self-Storage13:30 - Family Perceptions26:11 - Lessons from RecessionsLeave a positive rating for this podcast with one clickGUEST: CHRISTINA MEYERSWebsite | You Tube| Facebook| X | LinkedIn | InstagramCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram

Success is not a secret—it's a mindset. In this episode, Scott unpacks the critical mindset shifts and practical strategies that have propelled his self-storage business forward. By emphasizing the importance of hard work over talent, the power of goal setting, and the necessity of surrounding oneself with smart, driven individuals, Scott provides a roadmap for growth. Scott dives into the habits that can transform both personal effectiveness and business operations, ultimately guiding listeners toward achieving their big, hairy, audacious goals (BHAG) and finding fulfillment in their professional endeavors.WHAT TO LISTEN FOR1:49 Hard Work vs. Talent: The Hustle Mindset3:11 Mental Attitude6:31 Fear of Success: Overcoming Subconscious Barriers9:34 Finding Your Productive PeakLeave 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.

In this episode Scott discusses the current opportunities in the self-storage market.It’s important to act now rather than sitting on the sidelines, as the market is transitioning and offering many opportunities for buying, selling, and developing. Scott also highlights the importance of mastering underwriting and market analysis skills, building a team, executing swiftly, getting educated and finding a mentor, and giving back. Pay attention to macroeconomics, choose a focus and follow it until success, and consider partnering or investing. WHAT TO LISTEN FOR1:09 The Resilience and Growth Potential of Self-Storage3:30 Ownership Landscape and Opportunities for Individual Investors17:40 The Importance of Underwriting and Market Analysis26:58 Strategies for Growth and ScalingLeave 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.

These 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

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 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.

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. 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.

The 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. 

In 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

Carol 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. 

This 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.

In 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.

In 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.

With 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.

Shannon Robnett is a real estate investor with a focus on multifamily and industrial properties. In this episode he shares his journey into real estate, starting from a family background in the industry to his current success in syndicating capital. He discusses the importance of understanding market cycles and the fundamentals of real estate investing. Robnett also highlights the potential of industrial real estate, particularly in the context of reshoring and the need for flexible industrial spaces. He emphasizes the importance of prudence and ensuring that a property can stand on its own, rather than relying on future projections.WHAT TO LISTEN FOR2:09 Why Growing Up in a Real Estate Family Was Important for Shannon3:17 Shannon’s transformation from Residential to Commercial4:07 The Evolution of Investment Strategies and Capital Raising23:26 Market Analysis and Asset Class EvaluationLeave a positive rating for this podcast with one clickABOUT SHANNON ROBNETTWith 27 years experience, Shannon is a prominent real estate developer and syndicator in Boise, Idaho. The family legacy runs deeper – spanning five generations of real estate professionals to provide an expertise ingrained in the family’s heritage. The specialization revolves around procuring developmental land and navigating its entitlement. Once the stage is set for construction, the involvement of syndication partners comes into play.  CONNECT WITH SHANNONhttps://shannonrobnett.com/contact-us/  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.

You might call Mark Hutchinson an active passive investor. He takes pride in using the Infinite Banking Concept (IBC) to build capital. IBC involves using specially constructed dividend-paying whole life insurance as a means of building capital and then borrowing whenever interest would be paid to others. Mark explains the concept is a flexible and self-governed system that allows for investments in a variety of asset classes without restrictions. However, it requires discipline and time to build capital. WHAT TO LISTEN FOR5:30 The Infinite Banking Concept11:56 Flexibility and Control in Financial Management20:24 Strategic Use of Policy Loans for Investments29:51 Building Liquidity and Tax AdvantagesLeave a positive rating for this podcast with one clickABOUT MARK HUTCHINSONMark is a seasoned investor over the last four decades.But the global economic crisis 2008 was the last straw for Mark. Like others, he suffered significant losses an realized the importance of finding strategies that could mitigate or remove market risk. That’s when he connected with the Infinite Banking concept.CONNECT WITH MARKWebsite | Email 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.

Rick Gibson made his living successfully as a lawyer for nearly four decades. But it was a noteworthy book that made the case for him to think about investing.  Rich Dad, Poor Dad. That book inspired Rick to leave corporate America and form an investing team with his sons in real estate.  Today Gibson's portfolio includes mobile home parks and storage facilities, which he was able to grow and sell to a real estate investment trust.  And along the way Rick has come to see the importance of community in the self-storage industry, highlighting the value of Scott’s mastermind group in providing resources and support.   WHAT TO LISTEN FOR4:16 The Role of Family and Legacy in Business10:30 The Importance of Community and Networking18:16 Adapting and Thriving Through Economic Cycles21:16 Leveraging Experience and Collaboration for Success Leave a positive rating for this podcast with one click  ABOUT RICK GIBSONRick was a lawyer by trade in the St Louis area for 37 years. As an investor, his family business owns 80 single family rentals, six mobile home parks and nine storage facilities. He’s also involved in passive investing with another half dozen storage facilities and three different storage funds.  CONNECT WITH RICKEmail   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.