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Self Storage Investing

Scott Meyers, Stories and Strategies

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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 acqu ...
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Send us a text Ready 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 avoi…
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Send us a Text Message. Are 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 securit…
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Send us a text In 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 preci…
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Send us a text Ever 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 LI…
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Send us a text Ready 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 th…
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Send us a text Are 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 esta…
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Send us a text Can 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 impor…
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Send us a text Ever 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 s…
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Send us a text It 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 experi…
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Send us a text Tom 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 suggest…
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Send us a text This 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…
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Send us a text What are the banks looking for right now when it comes to loans? In this episode, Scott warms up the conversation with proven strategies for securing self-storage loans amidst a challenging economic climate. He explains the evolving lending environment, the criteria lenders use to assess loan applications, and provides actionable str…
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Send us a Text Message. Meet 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 …
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Send us a text Syndicating 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, off…
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Send us a text Imagine 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 ch…
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Send us a text Turn 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 se…
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Send us a text Site 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 strate…
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Send us a text Essential 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 se…
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Send us a text Technology 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, Steven…
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Send us a text The 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, …
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Send us a text 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 ent…
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Send us a Text Message. Three key steps to drive successful investments: Focus on your primary source of income, Understand the intricacies of tax-saving techniques Wrap 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…
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Send us a text 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 …
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Send us a text 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, shapin…
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Send us a text 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 a…
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Send us a text 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, …
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Send us a text 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 sk…
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Send us a text 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 …
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Send us a text 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 in…
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Send us a Text Message. 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, offe…
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Send us a text 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…
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Send us a text 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…
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Send us a text 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 s…
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Send us a text 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 founde…
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Send us a text 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 secto…
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Send us a text 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 inve…
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Send us a text 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…
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Send us a text 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 re…
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Send us a text 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…
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Send us a Text Message. 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 mobi…
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Send us a text Ben Kall, a former college football player and coach turned real estate agent and investor shares his journey from coaching to real estate, explaining how he started a property management company and brokerage business before moving into self-storage investment. He discusses the importance of diversifying in multiple asset classes an…
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Send us a text Ginny Sutton is the executive director for the Texas Self-Storage Association. In this episode she discusses the evolution of the self-storage industry, highlighting the shift from a less professional approach to a more sophisticated business model. Sutton emphasizes the importance of joining industry associations for networking, edu…
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Send us a text For Jonah Hall, the journey into the self-storage industry began in 2017 when he worked for a family office in the oil and gas sector. His initial project involved converting a building into a storage facility, which marked his entry into the industry. Hall emphasizes the importance of remote management and self-service features in t…
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Send us a text Cori Garrod is an expert in contact centers. In this episode she discusses the importance of having a good call center for a self-storage business. She emphasizes the need for compassionate and knowledgeable staff who can provide excellent customer service. Garrod also highlights the importance of being ready to close a sale at every…
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Send us a text Register for our January, 2024 Academy in Mesa, AZ. Use the code SSAP to save $500. Joel Friedland is an industrial real estate veteran with over 40 years of experience. In this episode Joel shares his insights on the industrial real estate market, explaining how he focuses on B and C industrial buildings, which are older and have lo…
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Send us a text Register for our January, 2024 Academy in Mesa, AZ. Use the code SSAP to save $500. The questions we get from listeners are always gold. We answer more of them in this episode looking at the current state of the market, the importance of networking, and the dynamics of self-storage investing in today’s economic climate with high infl…
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Send us a text Register for our January, 2024 Academy in Mesa, AZ. Use the code SSAP to save $500. Scott Zucker, a lawyer specializing in the self-storage industry, discusses the evolution and future of the industry with host Scott Meyers. Zucker highlights the importance of understanding and complying with the legal aspects of running a self-stora…
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Send us a text Register for our January, 2024 Academy in Mesa, AZ. Use the code SSAP to save $500. Luke Wong uses always has his head up for potential opportunities but when it comes to trusting your gut he says that’s really the key. He trusts his gut to help him make business decisions and powerful relationships in the self-storage industry. He a…
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Send us a text 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 t…
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Send us a text For Nick Zachgo the initial hurdle was learning to overcome his fear. That idea of making phone calls to prospects, it was intimidating. He would practice and practice before making the calls. But eventually he did and both Nick and his wife Catherine managed to hit a homerun on their first deal. In this episode they share how they s…
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