Podcasts about coda management group

The Self-Storage Business with entrepreneur Scott Krone - shares his expertise and tips on investing in self-storage businesses. Self storage, or self-service storage, is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Scott Krone is a business owner, real estate investor. He is the founder of One Stop Self-Storage, and the founder of Coda Management. Coda Management Group facilitates commercial and real estate investments. Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com  

Today, Tim and Lisa have a conversation with Scott Krone, the founder of CODA Management Group, and One Stop Self Storage.Listen and hear how people are using this technique for investment opportunities!Connect with us:Schedule a call with TimSchedule a call with LisaSchedule a call with JeanLearn more at thereiconcierge.com

Today we welcome Scott Krone, a master in asset management, as he unveils his inspiring journey from an intern to an empire of investments and companies. We delve into self-storage, multifamily marvels, and preferred asset classes during a recession. Take advantage of this extraordinary opportunity by tuning in! WHAT YOU'LL LEARN FROM THIS EPISODE Why it's critical to kickstart your journey with the help of good mentors The ideal entrepreneurial mindset when starting a businessThe main difference between multifamily and self-storage unitsAnother factor that influences the multifamily real estate market volatility3-step guide to becoming a better leader and living an optimal lifeRESOURCE/LINK MENTIONEDOptima, Inc.: https://www.optima.inc/Get a data analyzer and a copy of CODA's feasibility study on the self-storage market for FREE by reaching out to Scott and his team at info@codamg.com. Don't forget to mention that you've listened to this specific episode!ABOUT SCOTT KRONEScott Krone founded CODA Management Group, which specializes in managing real estate assets, including self-storage and multi-family, retail, commercial warehouses, and multi-use flex spaces. Launched in 2012, the company invested more than $70 million in self-storage. In 2020, Krone co-founded One Stop Self Storage, which operates facilities across the Midwest. CONNECT WITH SCOTTWebsite: CODA Management Group: https://www.codamg.com/ | One Stop Self Storage: https://onestopselfstorage.com/CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Scott founded Coda Management Group—a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate, including single and multi-family homes, retail, commercial warehouse and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is over $55 million. Scott has authored High Performance Homes—Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Scott also founded a revolutionary storage business The One Stop Self Storage. Its brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Most recently, he founded Stor which allows crypto investors to invest in storage and also allows consumers to rent storage via coin. Krone resides in Wilmette, IL, with his wife and three children. --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

GSD Mode Podcast Interview with Scott Krone & Joshua Smith. Scott Krone is the founder of Coda Management Group, a firm that specializes in managing a wide range of real estate including single and multi family homes, retail, commercial warehouse, self storage and multi use flex athletic spaces. Scott also owns self storage units all over the midwest and is the founder of One Stop Self Storage. In addition, Scott is an Author, Speaker and has been featured on/in: NBC, Best Buy, Ace Hardware, Crate & Barrel, Houzz & More (scroll below for Scott's contact info & more)...   Check Out More Free Resources, Free Training, Coaching & More Below

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group is a real estate asset firm which specializes in managing commercial real estate. Since its inception in 2012, Coda has managed a wide range of assets including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. As of 2017, the firm has narrowed its focus on developing, designing and building self- storage. In 2020, they launched their own self storage management company: One Stop Self Storage. Contact info: www.codamg.com www.onestopselfstorage.com info@codamg.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/  

Welcome To The Real Estate Underground Show #57! Scott Krone is the founder of Coda Management Group and a Master of Architecture, who has found success with repositioning commercial buildings into impressive self-storage facilities. In this episode, you will learn: Scott's interest in real estate began with single and multifamily properties before transitioning to self-storage projects. Explore Scott's strategies for improving property through asset development, program changes to maximize value potential, and bouncing back from rejections along the way! We'll look inside at what he looks at when considering a nonperforming asset for his business model and uncover details on how big a project turns an office or industrial building into storage space. Why Scott believes that this recession period differs greatly from past economic downturns. You will also learn about blockchain technology and how his company integrates it into self-storage. Resources: Website: www.codamg.com Website: onestopselfstorage.com Email: info@codamg.com Additional Resources: Website: www.clarkst.com Phone: (860) 675-5800 Facebook: www.facebook.com/ClarkStCapital Instagram: www.instagram.com/clarkstcapital Twitter: https://twitter.com/clarkstcapital1 LinkedIn: www.linkedin.com/company/clark-st-capital

SCOTT KRONE  Many of you work with investors and are investors yourselves.  Today I want to bring awareness to another kind of investment opportunity we don't hear mentioned very often and that is self-storage properties. Our guest Scott Krone is THE expert in this type of investment, and he'll share the many benefits with us. BIO Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, a design-driven real estate development firm.   In 1998, Scott founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards. In addition, he has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.  In 2012, Scott founded Coda Management Group – a firm who specializes in managing real estate assets. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets.  In 2020, He co-founded One Stop Self Storage with facilities across the Midwest. CONTACT Coda Management Group and One Stop Self Storage. 847.651.7373. www.codamg.com     www.onestopselfstorage.com skrone@codamg.com 600 Waukegan Rd Ste 129 Northbrook IL SCOTT'S GIFT A feasibility study we had conducted for a past project to show the listeners what is important during due diligence, and a self-storage analyzer they can use to evaluate deals they run across. http://bit.ly/3Xl9IgZ   MY CONTACT StressFreeRemodeling@gmail.com www.StressFreeRemodeling.com www.AuriemmaDesign.com MY GIFT Transform Any Home Into a Dream Home                                                                                                     A guide with lots of ideas and cost estimates for the transformation. StressFreeRemodeling.com/Transform MY BOOK Homeowner's Guide to Stress-Free Remodeling Available on Amazon

Are you planning to dive into self-storage investing but don't know what and where to go? Wanna know more about how to use Cryptocurrency in your real estate transactions? Want to learn how to invest In distressed assets and make a profit? There is a wide range of investment possibilities if you choose to become a passive investor. One can invest in self-storage, build-to-rent, industrial or office buildings, mobile home parks, multifamily apartments and hotels to name some of the options. Like everything else, each asset type offers certain benefits with different downsides and risks. Joining us this week on Exit Strategies Radio Show is SCOTT KRONE who specializes in self-storage units and multi-family. He's been featured on NBC, Houzz, and was published in Paul Moore's book Storing Up Profits. Most recently, he founded Stor which allows crypto investors to invest in storage and also allows consumers to rent storage via coin. Scott walks through his mind-blowing journey, how he transitioned from other real estate asset classes into self-storage investing, its pros and cons, and essential things to do if you're looking to establish yourself to really build, grow, and accumulate wealth. What You'll Learn From This Episode: Who is Scott Krone and what got him to where he is today What is CODA Management Group and his other company, The difference between traditional investing versus self-storage investing. How to invest in distressed assets and how to make a profit? The true meaning of real estate according to Scott. Two massive things to improve the valuation of the property Best practices for finding a property value? Self-storage investing on the blockchain (Crypto). What is a Coin? How to utilize the Stor coin for self-storage customers? Multifamily or single-family properties. Which is a better investment? How to claim the freebies from this show? Factors to consider when investing in self-storage. You won't want to miss our latest podcast episode with Scott Krone. Simply refer this show and get a FREE BONUS: Feasibility Study - not only covers the self-storage industry as a whole, but it also covers why you should invest in that specific location Self-Storage Deal Analyzer - a tool used to compare deals whether it be a multifamily or single family. Connect with Scott Krone@ Email: info@codamg.com Facebook: https://www.facebook.com/CodaManagementGroup Connect with Corwyn @: Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Email @: corwyn@corwynmelette.com --- Support this podcast: https://anchor.fm/corwyn-j-melette/support

ABOUT SCOTT KRONEScott is a Chicago native whose career in architecture began in 1991 by pursuing his Master of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc.  In 2012, Krone founded Coda Management Group. Krone has authored High-Performance Homes - Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their homes.  THIS TOPIC IN A NUTSHELL:Scott's career background Deal criteria and financingWhy he chose Self-storage Investment?Restrictions and listingConverting retail spaceRefinance optionsIs self-storage recession-resistant?How to manage and operate self-storageVertical integration and cap ratesDealing with the operating expensesSelf-storage vs. MultifamilyMortgage and interest rates Current projects they are working on How they choose their target market Connect with Scott     KEY QUOTE: “For self-storage expenses, it is a much simpler version. Instead of an expense ratio of 55% for multifamily, we are within 25 to 35%. Some of our facilities are online-operated so our expense ratio is far less and it's a lot easier to manage.”   SUMMARY OF BUSINESS:Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces.  ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.          #realestate #realestateinvesting #passiveincome #passiveinvesting #realestateinvestor #realestateinvestment #REinvesting #cashflow #entrepreneurs #selfstorage #recessionproof #selfstorageinvesting #multifamily #lowexpense #expenseratio #architecture #traditionalfinancing #occupancy #onlineplatform #inflation #retailspace #warehousespace #operatingexpenses #mortgage #commercialwarehouse #multiusespace #newepisode #podcasting #passivewealth #assetcreation #RoadToFinancialFreedom #WIN #JointheWINpod #WestsideInvestorsNetwork       CONNECT WITH SCOTT KRONE: Website: www.codamg.comLinkedIn: https://www.linkedin.com/in/scott-krone/Facebook: https://www.facebook.com/CodaManagementGroupAdditional links:https://onestopselfstorage.com/Email info@codamg.com and tell Scott about this episode, you'll get a FREE Feasibility Study and Deal Analyzer!   CONNECT WITH US   For more information about investing with AJ and Chris:  ·    Uptown Syndication | https://www.uptownsyndication.com/  ·    LinkedIn | https://www.linkedin.com/company/71673294/admin/         For information on Portland Property Management:  ·    Uptown Properties | http://www.uptownpm.com  ·    Youtube | @UptownProperties      Westside Investors Network  ·    Website | https://www.westsideinvestorsnetwork.com/  ·    Twitter | https://twitter.com/WIN_pdx  ·    Instagram | @westsideinvestorsnetwork  ·    LinkedIn | https://www.linkedin.com/groups/13949165/  ·    Facebook | @WestsideInvestorsNetwork  ·    Youtube | @WestsideInvestorsNetwork  

How to find what a property is zoned for in the city's website? What are some tips on working with the city to get your project approved? How to go about rezoning a parcel? Scott Krone, principal at Coda Design + Build and Coda Management Group is a developer with over 30 years of experience and shares his knowledge. Watch this interview here: bit.ly/3XJZg45 Read this interview here: bit.ly/3ucrMhi Let's go over an entitlement example please. When someone brings us a property, the first thing that we do, and we're determining if we're going to move forward with it, is we look at what are the entitlements. Entitlements are a fancy word of saying, what is the zoning, what are you entitled to do on a property. A lot of people think that they have to go to someone in the city and get this information, when, in reality, it's already out there in public forum. As developers, we will always go and look to what it is, and then, we will trust, but verify. We will then go back to the city planners and say, this is what we saw, we want to make sure that we're in agreement. It's our way of trusting and verifying with the city official. I selected a location that we recently worked on in the City of Dayton, and I picked this one because there's a lot of different things here. There are tabs called residents, businesses, government. Typically, we go to government, because that's where the different departments are broken down. Here you see planning, neighborhood and development, public works, community communications, community development, boards, commissions and committees, these are all different ones. Public Works has sewers and water lines, planning, neighborhood and development, this is probably where the information is going to be under, because this is how they plan for things. We click on that one, and it comes up with the zoning coded map, it has an interactive zoning map, this one is really nice. Others might be on a PDF. We will click on that, and then, we put in the address, the property comes up, and we can click on show more results. To clarify a couple of things: 1) Every city website is going to be completely different, unfortunately, from one another 2) What we're looking at right now is either a property that you are looking at purchasing or expanding to make sure that it's zoned properly or could be rezoned, correct? We try not to rezone, but if we do, that's a whole different process. Right now, we're trying to determine what it is that we are allowed to do. When we look at this one, 535 East Third Street, it's bouncing back and forth between these two, I'm not sure why. I'm going to zoom in to see the streets, because then that way I'll know where we are. We are now under the UBD District, but UBD means nothing to me, I have no idea what that is, they've come up with this general term. It might be unified business district, it might be, etc. But that is what we're going to be looking for when we do it. If you look under this category, there's a PD 108, this is a planned development, and that was 108th planned development HD 2. These are all different districts that are zoned, if we zoom back out, you can see the different zoning sections, they all have different colors to make it interesting. I2 is typically industrial, a second version of industrial. There's a CBD, which might be the commercial business district as opposed to unified business district. So those are all the things that we look for in terms of the breakdown. Scott Krone info@codamg.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate, including single and multifamily homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $54 million.In‌ ‌our‌ ‌conversation,‌ ‌we‌ ‌discussed:‌Self-Storage versus Apartments in Multifamily.Understanding of the self-storage industry.Pros and Cons of some tax deferral and strategies.What are some of the numbers when it comes to self-storage?Opportunity Zones and Self-Storage Investing.Connect with Scott Krone:https://www.expertcresecrets.com/episode99Love the show? Subscribe, rate, review, and share!Here's How »Join the Expert CRE Community today:expertCREsecrets.comeXpert CRE Secrets FacebookeXpert CRE Secrets Youtube

How do you go from a small company to a company that others are willing to buy? The answer is simple – laser-focus in order to get things done. But how exactly do you do that when you've got a million things to do in a day? In today's episode, Erik Cabral speaks with Scott Krone, founder of Coda Management Group, Coda Design + Build, and their self-storage brand, One Stop Self Storage. Scott shares how he stays focused in his business – from building his company when he was 28 years old, to now owning Coda Management Group, Coda Design + Build, and their storage brand, One Stop Self Storage. Scott is also the author of High Performance Homes. Here are some power takeaways from today's conversation: Scott's introduction to real estate and self-storage Self-storage vs. multifamily/single family Working on a $100-million project with his professor who owned a real estate development company How he started Coda and the story behind the name Staying laser-focused in your business and blocking your time Celebrating the small and big things in your company Embracing the F word The importance of self-awareness in business Episode Highlights: [04:51] Self-Storage vs. Multifamily/Single Family Self-storage is similar to apartments without toilets. They don't have the tenant maintenance and tenant issues. They don't have tenant laws to implement and comply with. It's a much more simplistic model of multifamily, but it's also a retail business. And a lot of it is driven by demographics. [25:23] How to Stay Laser-Focused in Your Business Break down your day and block out your time in 15-minute increments and be laser-focused on each task to get things done. Do it wholeheartedly so when you're done, you can enjoy doing other things. Laser-focus in order to get things done, and whatever you're doing, do it wholeheartedly. So once you're done, you can then move on and enjoy other things. Otherwise, if you waste time, you're just being inefficient and what could have taken you a year to do it will now take you five years. The most valuable thing that each of us has is exactly the same thing – time. We have a limited amount of time. None of us can increase that and none of us can decrease that. We have exactly the same amount of time. If you don't value your time, no one else will. [30:30] Building the Culture Celebrate your wins - big and small. Also, find that balance. It can't be all family, and it can't be all business. That's why you need to work hard and get things done so you can have time with your family. Resources Mentioned: info@codamg.com Book Recommendations: High Performance Homes: Navigating the Green Road to Your Dream Home by Scott Krone The Road Back to You by Ian Morgan Cron and Suzanne Stabile​​ --- Support this podcast: https://anchor.fm/erikecabral/support

We chat with self-storage guru Scott Krone on today's episode as he shares how to crack the code for self-storage investing success, the benefits of investing in self-storage, and how it differs from multifamily properties. Tune in to establish the competence to invest in self-storage and grow into a passive investor!WHAT YOU'LL LEARN FROM THIS EPISODE Multifamily vs. self-storageWhat services can you get from Coda Management Group?Reasons to invest in self-storage facilities 3 self-storage asset classes and what you should invest inPace financing: What it is and how to qualify for itRESOURCE/LINK MENTIONEDSharpe Ratio https://www.investopedia.com/articles/07/sharpe_ratio.aspGet a feasibility study and self-storage analyzer when you reach out to info@codamg.com. Just reference the “Apartment Gurus Podcast,” and you can have these two resources for free!ABOUT SCOTT KRONEScott is the founder of Coda Management Group, which specializes in managing real estate assets, including self-storage and multifamily, retail, commercial warehouses, and multi-use flex spaces. Launched in 2012, the company invested more than $70 million in self-storage.CONNECT WITH SCOTTWebsite: Coda Management GroupLinkedIn: Scott KroneEmail: info@codamg.comCONNECT WITH USGreen Light Equity Group - http://www.investwithgreenlight.com/For a list of Virtual Meetups - Email: tate@glequitygroup.com | chelsea@glequitygroup.com Special Announcement! Tate's brand-new audiobook “F.I.R.E.-Financial Independence Retire Early Through Apartment Investing” is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/.Do you have difficulty underwriting deals? Never worry about getting your numbers wrong with Real Estate Lab, a cloud-based platform for investors. Sign up at https://www.realestatelab.com/ using the promo code TAG2 to get 10% off your first 12 months. Automate your acquisitions and underwriting like a boss now!

The Investor Relations Real Estate Podcast Episode 129 - It's An Easy Way Into The American Dream Host: Jonny Cattani Guest: Scott KroneProducer: April MunsonJonny Cattani is joined by Scott Krone to discuss:Self storage Transformation Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest.In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, International Realty 2.0 Leadership Award, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.Linked material referenced during the show: Book: The Road Back To You - Morgan Cronhttps://www.amazon.com/The-Road-Back-to-You-audiobook/dp/B01M0TPG72/ref=sr_1_1?crid=3FGU3T427MG9T&keywords=the+road+back+to+you&qid=1664450618&qu=eyJxc2MiOiIxLjc4IiwicXNhIjoiMS40MyIsInFzcCI6IjEuNTgifQ%3D%3D&sprefix=the+road+back+to%2Caps%2C98&sr=8-1Connect with Scott!Email: info@codamg.comWebsite: www.codamg.comWebsite: www.onestopselfstorage.com Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

In the hundred and second episode of Collecting Real Estate, we interviewed Scott Krone from Coda Management Group. Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit Hedge Row in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group–a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self-storage, and multi-use flexathletics paces. Currently, the platform of investments is in excess of $55million.Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Krone resides in Wilmette, IL, with his wife and three children.To get their feasibility report in Dayton and their self-storage analyzer, email info@codamg.com and say that you heard Scott on the Collecting Real Estate Podcast.

Today's Guest: Scott Krone Scott has been in self-storage for the last 9 years after transitioning from real estate to multifamily investments. Scott is a Chicago native whose career in architecture began in 1991 after pursuing his Master of Architecture from the Illinois Institute of Technology. In 2012, Scott founded Coda Management Group, a firm that specializes in managing real estate assets. Scott is also a co-founder of One Stop Self Storage with facilities across the Midwest and the founder of Coda, an award-winning design and build consulting firm. Coda has won numerous design/build awards, including the international Green GOOD Design, Best of Houzz, and Design Evanston Award. Their work has also been featured in notable publications such as Storing Up Profits by Paul Moore, Dream Homes, Midwest Luxury Homes, NBC TV Show Taste, and more. Highlights From The Show: We begin the episode with Scott sharing his background story and how he ended up in the self-storage space. Scott shares that he grew up as a creative kid involved in various sports but was fortunate to study architecture in high school. However, Scott gave up architecture to play sports and do normal college things rather than being dedicated to a studio. Scott wanted to get into their family business after graduating from college, which was not possible, so he had to go back to architecture. Fortunately, at that time, they had new programs that allowed him to earn a Masters in architecture. He jumped into it and was again fortunate to get connected to a professor who owned a real estate development architecture company and got right in multifamily. Scott started his own company in 1998, with single-family, multifamily, mixed-use, and institutional properties, and then the market crashed. Scott started exploring other options because it was difficult in the residential market except for apartments. This led him to self-storage, which had a lot of similarities to multifamily, but it was more resilient, especially in recession and massive downturn markets. We then talk about why self-storage is more resilient than other real estate investments, including multifamily. Scott shares that it is difficult in the market, and self-storage gives viable options to address these problems and overcome the challenges. Scott went back and analyzed every recession since 1979 and compared self-storage occupancy in each of them. Scott shares that no other class of real assets has a natural resilience like self-storage, even the housing market. In recession markets, housing slows down, renovation slows down, and construction stops, but self-storage will always continue to thrive. Next, we discuss how you can break into the self-storage world of investing as a new investor. Scott shares that there are three asset classes within self-storage, and they all differ from multi-family. They include class A, B, and C assets. According to Scott, Class C assets include first-generation self-storage (small under 200 units from mom and pops), and they give a nice return on a regular basis. The next one is class B which is a more suburban, larger driver facility and sometimes with primary control. At the top is class A, a property with both appreciation and cash flow, which comprises large institutions in the city. According to Scott, the three assets represent different strategies, and the easiest way to get into self-storage is by buying class C properties. However, if you want to do a B or A, he recommends joining a venture or partnership group. We then talk about how to find opportunities and people who own self-storage and want to sell. He shares that you get more opportunities by driving for dollars. Scott tells me that if you are looking for class C, it's pretty hard to find them because they are not corporate, and the properties might be under their own name. They also use them as bank accounts with cash flow coming in to pay their bills. According to Scott, there are similar institutions for self-storage as there are on the residential side, and the larger ones, classes B and A, are predominantly done by brokers. Make sure you don't miss another amazing episode of the Just Start Real Estate Podcast with Scott Krone and get valuable information on how to invest successfully in self-storage! Notable Quotes: “In self-storage, you can alter the unit's configuration to match the market condition, but you don't have that flexibility in multifamily.” Scott Krone “Self-storage unit portfolios are valued exactly the same way multifamily houses are done using CAP rate and ROI.” Scott Krone “During recessions, housing and renovation often slow down, and construction stops, but self-storage always continues to thrive.” Scott Krone Thank You for Listening! Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook Help Out the Show: Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one. Subscribe on iTunes. Resources and Links From Today's Show: Coda Management Group Onestop Self-Storage Coda Design and Build Scott on LinkedIn Scott's Email More Resources From Mike: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months WINNING DIRECT MAIL - How to CRUSH IT with direct mail! 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!

In the 100th episode of Cash Flow Pro, we talk with Scott Krone, managing partner at Coda Management Group and founder of One Stop Self Storage. A Chicago native, Scott began his career as an architect in 1991. Around the same time, he also worked for a real estate firm. Because of his experience there, he decided to co-found Coda Management Group in 2012. Since then, his firm has invested more than $30 million. Today, Scott is here to share his wisdom with us, so tune in and take notes!   Coda Management Group is a real estate firm that purchases undervalued warehouse space and converts it into climate-controlled, Class-A, REIT-ready self-storage properties. On the other hand, One Stop Self Storage is about facilitating all your storage needs!   In this episode, we discuss: Going from multifamily to self-storage Developing self-storage warehouses Zoning and selling self-storage Automation and the future of Self-storage Raising prices and turnover within the market   Find your flow, Casey Brown   Resources mentioned in this podcast: codamg.com onestopselfstorage.com https://www.linkedin.com/in/scott-krone/

 In 2012, Scott Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets. Scott and I discuss the differences between investing in self-storage vs multifamily. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/. 

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Connect with Scott Krone: Website: https://www.codamg.com/ (https://www.codamg.com/) LinkedIn: https://www.linkedin.com/in/scott-krone/ (https://www.linkedin.com/in/scott-krone/) Facebook: https://www.facebook.com/CodaManagementGroup/ (https://www.facebook.com/CodaManagementGroup/) LIKE • SHARE • JOIN • REVIEW http://reimastermind.net/ (Website) https://reimastermindnetwork.locals.com/ (Join the REI Mastermind Network on Locals!) https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661 (Apple Podcasts) https://podcasts.google.com/feed/aHR0cDovL3JlaXJvb2tpZXMubGlic3luLmNvbS9yc3M (Google Podcasts) https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q (YouTube) https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ (Spotify) https://www.stitcher.com/show/rei-rookies (Stitcher) https://www.deezer.com/us/show/2148782 (Deezer) https://www.facebook.com/REIMastermindNet (Facebook) https://twitter.com/rei_mastermind (Twitter) https://www.instagram.com/reimastermindnet/ (Instagram) SUPPORT THE SHOW! Self Managing Your Rental Properties? https://app.rentredi.com/signUp/JCH191 (Get 6 months of RentRedi for $1! Click this link!) https://www.patreon.com/reimastermind (Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermind) https://bit.ly/reiappsumo (Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo) https://drop.com/?referer=3DC729 (Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729) "You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Connect with Scott Krone:Website: https://www.codamg.com/LinkedIn: https://www.linkedin.com/in/scott-krone/Facebook: https://www.facebook.com/CodaManagementGroup/LIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcherDeezerFacebookTwitterInstagramSUPPORT THE SHOW!Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermindGet $10 and Reduce...

Are you worried about a possible recession coming? Today, we're so glad to have Scott Krone on the show to talk about the resilient nature of the self-storage industry and a thorough guide to converting and transforming undervalued properties into profitable facilities. Listen to this episode to learn how to assess markets for self-storage! Key takeaways to listen for  Self-storage vs. multifamily investing The mindset to develop when starting to invest in self-storage The major challenge in transforming properties Benefits of automating your facilities digitally 3 efficient ways to perform your market research   About Scott Krone Scott is an architect from Chicago. He earned his master's degree in Architecture at the Illinois Institute of Technology and worked as a project manager for Optima, Inc. At 28, he started his development design + build firm focusing on single-family and multi-family properties but later, he transitioned to self-storage investing because of the recession.  He founded Coda Design + Build and Coda Management Group, an investment holding company directed toward managing self-storage assets and One Stop Self-Storage. He has been long successful in his journey in self-storage but is still continuously growing his portfolio. He is a loving husband and father of 3 kids. Connect with Scott Website: Coda Management Group Email: info@codamg.com Facebook: Coda Management Group   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr

Today I chatted with Scott Krone, Founder Coda Management GroupScott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specialises in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Episode Spotlights- Impact of design on cost, and space - Effective space management while designing a building structure- Appreciating the predictability of self-storage even during recessions - Self-storage is like the step-child, Cinderella of real estate-  How lending works for a newly constructed self-storage unit- Implementing  tax shelters to increase ROI- Thinking about the ultimate exit strategyBook Recommendations- The road back to youConnect with Scott:Email: info@codamg.com Website: https://www.codamg.com/Grab your freebie - Tips for Multifamily Investing at www.ushacapital.comFound this episode insightful? Show us some love by spreading the word on social media or  rating and reviewing the show here - https://podcasts.apple.com/us/podcast/multifamily-ap360/id1522097213Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapita

We've got more helpful insights about the self-storage business for you in today's episode with Scott Krone, plus some crazy stuff about his friend who owns a self-storage facility. Learn all this and more when you press that play button! Key takeaways to listen for Cap rate and compression: Their impact on asset values and returns Self-storage investment vs. multifamily housing Market areas and big demand in RV and boat storage More self-storage investing tips for beginners How technology and the global pandemic affected the self-storage industry   Resources mentioned in this episode Send an email to info@codamg.com and mention this podcast to get a FREE self-storage deal analyzer and feasibility study designed for your self-storage needs.   About Scott Krone Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Connect with Scott Facebook: CODA Management Group Email: info@codamg.com   Connect with Leigh Please subscribe to this podcast in iTunes or in the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram or on Twitter or any social networks by clicking here. Subscribe to Leigh's other podcast Real Estate From The Rooftops! Sponsor Leigh Brown University Enroll NOW to start scaling YOUR Real Estate business! Link: https://www.leighbrownuniversity.com/advanced

Scott's Background:Scott is a Chicago native whose career began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.Fast forward to 2012, Scott founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self- storage and multi-use flex athletic spaces. Currently, their investments total over $55 million.Scott has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.In this episode we cover:03:02 Scott's Transition into RE08:52 Good investment metrics for Self Storage14:08 All in costs and risk/reward20:22 Biggest hedge on a proforma23:00 Staying focused on economies of scale26:00 5 Key QuestionsConnect with Scott:https://www.codamg.com/EmailConnect with Dave:Schedule a callWebsiteE-mailOther ways to listen/watch:drum.io/daveFollow or Subscribe:Facebook GroupLinkedInInstagramYoutubeIf you enjoyed this episode or like the show, please subscribe and leave a review! It is a huge help for just a little effort

In this interview, I chat with self storage owner & investor Martin Taradejna. Martin Taradejna is the Director of Acquisitions and Investor Relations at Coda Management Group and One Stop Self Storage. His firm focuses on a comprehensive approach. From acquisition, development and design, to operating self storage facilities, Coda's portfolio contains over 4,000 units with just under 500,000 sq ft across the United States. If you are looking to enter into the self storage asset class, looking for a free consultation, or to invest passively alongside Martin and his team, please reach out to him at Martin@codamg.com or head to www.codamg.com ======================== The Ultimate Self Storage Management Playbook! This is the Most Incredible Free Gift Ever...Designed To Increase Leads, Rentals, and Revenue For Your Self Storage Business! https://www.3milestorage.com Want to learn more about how you can leverage automation to run your self storage business with more efficiency & profitability? Click Here To Schedule a FREE 1 on 1 Call https://calendly.com/jimross/valuecreationcall  

Scott Krone, Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Listen in to learn about these topics - Making sure your home is energy efficient - The world of self-storage industry - How to value your time? - Proven strategies in the single and multi-family investment paths. and much more!

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Here's some of the topics we covered: The differences in MF & Self Storage Turning old factories into self storage  The Flexibility of self storage Restrictions in Self Storage vs MF Construction time  Low tech properties vs. high tech properties To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com  Please Review and Subscribe

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate, including single and multifamily homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $54 million. In‌ ‌our‌ ‌conversation,‌ ‌we‌ ‌discussed:‌Self-Storage versus Apartments in Multifamily.Understanding of the self-storage industry.Pros and Cons of some tax deferral and strategies.What are some of the numbers when it comes to self-storage?Opportunity Zones and Self-Storage Investing.Connect with Scott Krone:https://capitalgainstaxsolutions.com/passive-investing-into-self-storage-real-estate/Love the show? Subscribe, rate, review, and share!Here's How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter

Looking for an asset that can resist a recession? Self-storage investing can be the answer for you. We'll talk about this real estate asset in today's episode. About Our GuestScott Krone is the co-founder of Coda Management Group, a firm who specializes in managing real estate assets. The group manages single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.  Key Links from the Episodehttps://www.codamg.com (Coda Management Group) Get your free Feasibility Report -- Send an email to Scott mentioning Breakthrough Success (SKrone@codamg.com) https://onestopselfstorage.com (One Stop Self Storage ) Want a business freelance writer to assist with your content creation and growing your business? Send me an email marcguberti@gmail.com.

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. He is the founder of the Coda Management Group that facilitates commercial real estate investments and The One Stop Self Storage. Main Points:How To Invest In Distressed Assets and Make Profit3 Mind-blowing Facts About Self Storage Investing4 Proven Passive InvestmentsHow To Live A Full Life: 3 Tips Experts Swear ByConnect with Scott:www.codamg.comskrone@codamg.com

Did you know that you are one tweak away from turning your mundane living into a full life? In this episode, Scott Krone Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. In 2012, Krone founded Coda Management Group, he has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home, andmost recently Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. [00:01 - 13:41 ] Opening Segment How this episode impacted Josh Reminder: Follow us on social media via the links below Scott shares his story and how he got involved in real estate The lessons that Scott learned from his first dealHow to think in terms of your options [13:01 - 24:46 ] Pivoting Intro Self Storage from Architecture and Development Leaving a successful corporate job for a start up Where the economy is heeded in the next few yearsThe major indicators of a recessionary market When should you buy a property?It doesn't matter if you're in a recessionary or bull market Key Quote: “Transformational [learning] is undergoing the process of being and growing in your abilities, in your thinking, and always learning in expanding your boundaries.” - Scott Krone Connect with Scott Linkedin: /in/scott-krone/ Facebook: @CodaManagementGroup You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube You can also email me at Joshferrari901@gmail.com For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments. LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business. Listen to our previous episodes here

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $60 million. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Get in touch with Scott Krone: www.codamg.com www.onestopselfstorage.com #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk Becca's Real Estate Tips https://www.youtube.com/watch?v=hSQsDJUTOW8&list=PLbyMUN39hTNVu6OeabosHIP_CTfuqg_4X Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prereal

Title: A Successful Sustainable Initiative with Scott Krone   Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Coromandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $60 million. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.   Let's hear more of his story! [00:01 - 09:03] Opening Segment Let's welcome my guest for today's show, Scott Krone Scott tells us how he got into the Real Estate space Why did their family decide to sell their business at the time Scott shares about his first project that he did  The taste of reality   [09:04 - 26:14] Make Houses Green and Sustainable Starting Coda Is a ‘green' and sustainable house part of the company's business model Green Technology Education to the community The strong desire to build Going Green vs. their potential earnings Multifamily developments and value add Turning the development inside out Real money is made in development The focus of Scott's company these days What drew Scott into Self-Storage asset class Scott likes to be in the front end of the curve What Scott and his company looks for in properties they turn around What has led to Scott's success What Scott does in his free time Scott's family and their involvement in the family business [26:15 - 28:23] Closing Segment  Final Words Connect with my guest, Scott, in the links below Tweetable Quotes   "My perception of Architecture was a little bit askewed.” - Scott Krone   "People assumed solar panel means ‘green house'.” - Scott Krone   "The biggest money is made when you change the program or development of something. . . If you're not changing the program, then you're not inherently changing the generational wealth for the wealth of the project.” - Scott Krone ------------------------------------------------------------------------   Shoot Scott a message through his email, skrone@codamg.com Reference their company and see what they have to offer to you. Reach out to them for a free copy.   And do not miss their company's website, www.codamg.com WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

When Opportunity Knocks, Answer! How An Architect Designed His Own Future In Self-Storage. This week on The Executive Real Estate Investing Show, host Michael Holman talks with Scott Krone. Scott Krone had dreams of being an architect, but when a professor gave him a chance to lay down his drafting pencil and pick up a contract-signing pen, he took it. Learning real-estate development wasn't easy, but Scott's mind for design and analysis set him on a path to success. Today, Scott has transitioned out of multi-family investments and concentrates solely on self-storage. His companies Coda Design + Build take self-storage from concept to construction, where it's handed off to his Coda Management Group. Currently his companies have a investments in excess of $55mm. Not comfortable sitting on his laurels, Scott is also a real estate coach, and the author of “High Performance Homes Navigating the Green Road to Your Dream Home,” a book for home owners seeking to incorporate green technology into their home. Listen now to hear Scott tell his remarkable story of risk-taking, and how it can pay off.

Watch this special interview as Luc Madeus chats with special guest Scott Krone, of Coda Management Group. Scott shares his success in surviving 4 recessions and uncovers 4 proven multi-family investing strategies, as well as insights into how to live a full life using 3 tips that experts swear by! This is an episode you […]

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group is a real estate asset firm which specializes in managing commercial real estate. Since its inception in 2012, Coda has managed a wide range of assets including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. As of 2017, the firm has narrowed its focus on developing, designing and building self- storage. In 2020, they launched their own self storage management company: One Stop Self Storage.   Get in touch with Scott: www.codamg.com www.onestopselfstorage.com info@codamg.com   If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara   Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/ 

Scott Krone is the Founder of One-Stop Self Storage, a storage unit business, and Coda Management Group, an award-winning design and build firm. From his background in architecture design, Scott segued into property development.  In today's episode of The HyperFast Agent Podcast, Host Dan Lesniak and Scott Krone discuss building self-storage units, risk reduction in real estate development, and the future of the storage industry. Listen to learn … ‣ The difference between multi-family and self-storage spaces ‣ How to assess if an area needs more storage spaces built ‣ What risk factors to expect in the self-storage market ‣ The different classes of self-storage … and much more!    QUOTES TO SHARE

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and selfstorage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Krone resides in Wilmette, IL, with his wife and three children. --- Send in a voice message: https://anchor.fm/donald-thomas6/message Support this podcast: https://anchor.fm/donald-thomas6/support

Not all buildings have to look beautiful. What matters more is if they're sustainable and cost-efficient. It's all about looking for ways to enhance the performance and construction of a building without increasing its cost. Join Sam Wilson and his guest, Scott Krone, in this discussion about self-storage and Scott's sustainable renewable construction initiatives. Scott is the Founder of Coda Management Group where he manages a wide range of real estate. Learn why he prefers self-storage over multifamily, the power of sustainable construction, and more. Also, discover how Scott has been so successful for such a long time. Find out his secret today!Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast

Not all buildings have to look beautiful. What matters more is if they're sustainable and cost-efficient. It's all about looking for ways to enhance the performance and construction of a building without increasing its cost. Join Sam Wilson and his guest, Scott Krone, in this discussion about self-storage and Scott's sustainable renewable construction initiatives. Scott is the Founder of Coda Management Group where he manages a wide range of real estate. Learn why he prefers self-storage over multifamily, the power of sustainable construction, and more. Also, discover how Scott has been so successful for such a long time. Find out his secret today!Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast

Today's Ritter On Real Estate guest is Scott Krone. Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.Krone has authored High Performance Homes – Navigating the Green Road to YourDream Home, a book for homeowner's seeking to incorporate green technology intotheir home.Most recently, Scott also founded a revolutionary storage business The One StopSelf Storage. It's committed to make its members' time of transition rewarding andstrives to remove challenges and hurdles commonly found in the industry. The OneStop brand is built upon the premise of providing the best in storage solutionscontained in sustainable, renewable construction and it's located in WI, OH, KY andME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Key Points From The Episode:From being an architecture graduate to understanding the roles of a developer.Appreciating the impact of structuring a deal.Understanding supply and demand in your market.Self Storage and why it's so predictable. Beating the competition by cutting prices safely.Comparing capital splits in competitive rate of returns.Evaluating deals through understanding structures and risks.Importance of having mentors in your career.Listening to what your gut tells you and avoid second-guessing your decisions.Drivers for self-storage.Due diligence and the lack thereof can make or break a deal.Taking the leap and moving forward.Books mentioned:The Road Back To You by Ian Morgan Krohn

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Get in touch with Scott: www.codamg.com _____________________________________________ #RealEstatePodcast | #RealEstateAdvice Wanna know more about Barri Griffiths and the WWRE Podcast: https://linktr.ee/wrestlingwithrealestatepodcast The WWRE Podcast is available on all platforms

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.   Get in touch with Scott: www.codamg.com _____________________________________________ #RealEstatePodcast | #RealEstateAdvice Wanna know more about Barri Griffiths and the WWRE Podcast: https://linktr.ee/wrestlingwithrealestatepodcast The WWRE Podcast is available on all platforms

Despite the recent recession and demographic shifts, few building types have maintained revenues like self-storage. Listen to today's episode with Scott Krone to find out why self-storage has been one of the most secure investments in real estate over the last fifty years.Key Takeaways To Listen ForConsiderations for self-storage facility developmentHow to manage various self-storage propertiesWays to implement new systems that function wellThe importance of daily, weekly, and monthly reportsStrategic methods to remotely manage a self-storage facility Process on converting a building into a self-storage facilityResources Mentioned In This EpisodeTo learn more about self-storage investing and get a FREE feasibility study, send an email to info@codamg.com.About Scott KroneScott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Coromandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self-storage,- and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High-Performance Homes - Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their homes.Most recently, Scott also founded a revolutionary storage business The One Stop Self-Storage. It's committed to making its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Krone resides in Wilmette, IL, with his wife and three children.Connect with ScottWebsite: Coda Management GroupLinkedIn: Scott KroneFacebook: Coda Management GroupTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Scott Krone grew in Chicago thinking he would enter the family business after high school. When his family decided to sell the business, he had to find a new path. He found himself pursuing a Master's in Architecture at the Illinois Institute of Technology. In 2012, he founded Coda Management Group, a firm specializing in managing real estate assets. He talks about the importance of passive income and how to handle your finances once you achieve passive income.

Have you been looking for proven passive investments? You need to sit back and pull a notebook because Scott Krone is about to spill the beans. Scott is a Chicago native whose career Bennett began architecture back in 1991. He got his master's at the Illinois Institute of Technology. While earning his degree there. He worked as a project manager for optimum Inc. Scott founded the Coda Management Group back in 2012. They specialize in managing real estate assets. Since then, he's done a wide array, everything from single-family, multifamily, retail, commercial, wholesale, its self-storage, which we'll talk about a little bit today as well, even athletic spaces. Currently, they have investments of over $55 million. In this episode, Scott will be educating us on four proven passive investments and help us understand how opportunity zones work. Are you ready to learn? Listen in to this episode. Key Talking Points of the Episode: [02:49] What inspired Scott to transition from architecture to investment? [04:42] Proven passive income investments [07:03] What are opportunity zones? [11:08] Scott's favourite strategy when it comes to passive investment [13:08] Investing in self-storage Quotable Quote from the Episode: "50%- 60% of our investors are investing with us because of tax strategies, rather than just gains. They're looking at how to shelter their taxes." Connect with Scott Kroner: One-Stop Self Storage: https://onestopselfstorage.com/ Coda Management Group: codamg.com LinkedIn: https://www.linkedin.com/in/scott-krone/

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices.>>>Interested in partnering with me on future opportunities? Connect with me at CanovoCapital.com.WE DISCUSS:He discussed his journey being in school and then getting involved in the multi-family space.How he transitioned into the self-storage space. How he formed his first business Coda Design Build then transitioned into Coda Management GroupWhy and how they started their self-storage business.He explained the competition in self-storage business since multi-family opportunities are penciling out.His advise to people looking to transition into the storage unit market.Self-storage most significant areas of value that they can offer for prospective tenants.Areas of the market he focuses on.The biggest win in his real estate investing journey.His advise to people that are growing their investment portfolio during times of adversity.The best advice to those who's just starting the real estate investing journey.KEY QUOTE:"We don't make money solving people's goals, we make money solving people's challenges.""In order for you to truly understand and make sure that you're following the right track and the right things, it's important to have a mentor who's been through it"CONNECT WITH OUR GUEST:https://OneStopSelfStorage.com/https://www.CodaMG.com/info@codamg.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

In today's episode of the Kevin & Fred Show, I'm joined by self-storage investor, Scott Krone. Scott invests in self-storage at a high level, with multiple units in different cities, and a brand new company. He deeply understands how self-storage investing works, and what it takes to actually achieve your goals. As it goes with any investment, you can't be profitable without a strategy. Scott is going to share passive investing tips, and his insights on protecting your investment.    Scott is an investor, author and founder of Coda Management Group and One Stop Self Storage. Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.   In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.    In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998.  Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices.   According to Scott, self-storage is a more simplistic version of multi-family investing, but there's a lot more to it than buying up a ton of units and putting tenants in them. The underlying financials, the location, square footage per capita, and even the different classes of storage have a significant bearing on whether you'll succeed or not.    To request a free feasibility study, send an email to info@codamg.com. For more information, visit https://www.codamg.com/ and https://onestopselfstorage.com/.    Guest Info   Scott is an investor, author and founder of Coda Management Group and One Stop Self Storage. Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.   In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.    In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build.  Krone founded Coda in 1998.  Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices.   To request a free feasibility study, send an email to info@codamg.com. For more information, visit https://www.codamg.com/ and https://onestopselfstorage.com/.   

Today's episode features Scott Krone. Scott is the managing partner and founder of Coda Management Group. During college, Scott and his fellow architect classmates found themselves providing free labor to their professor's development business. This odd form of free labor turned out to be a launching pad for Scott's career. He took on major projects right away and realized that he was more valuable than they realized and branched off on his own. Now Scott specializes in breathing new life into dilapidated commercial buildings and converting them into cash cow storage units. Scott also shares some of his insights with another passion of his, green home design. Crank up the volume and hear all about this unique corner of the real estate market. Sit back, relax, and hear Scott's amazing story. Links From the Episode Email Scott's Team: info@codamg.com Coda Management Group Scott's LinkedIn Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab our FREE Budget Planner Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here

One of the most recession-resistant asset classes is warehouse investment, and today we sit with industry expert Scott Krone to find out why. With a Master’s of Architecture from Illinois Institute of Technology, Scott is the Founder of Coda Management Group; a company that specializes in creating and seeking existing warehouse investment opportunities. We open the show by hearing more from Scott about Coda and what they do in the real estate space. Scott then talks about warehouses as an asset class and draws relatable comparisons to multi-family. He notes why warehouse investment is a simplified version of multifamily, and how they’re typically favorable toward NNN leases. Looking at present times, we ask Scott to tell us about how his warehouses have performed during the coronavirus pandemic. Listeners will delight in some of the ways this asset class has soared, as Scott uses examples of basketball and indoor golf. Following this, Scott gets into the nitty-gritty things and explains how he evaluates markets for warehouse opportunities, the strengths of warehouse opportunities, and who he works with to find inventory. To conclude the show, we ask Scott about his biggest business blunders and what his most useful industry tool is. Be sure to join us today! Key Points From This Episode:Introducing today’s guest Scott Krone.We hear a little bit about Scott’s background.Scott tells us about what he currently does with Coda.Hear about warehouses as an asset class.What makes warehouse leasing so similar to multi-family.How the warehouse space has coped with the coronavirus pandemic.Driving factors that make investing in the warehouse space interesting for Scott.How Scott evaluates markets for warehouse opportunities.Who Scott works with to find inventory.Scott lists his top three strengths for warehouse investing.The cautions that come with warehouse investment.What a typical investment plan looks like for Scott’s warehouses.Find out how Scott chooses his tenants and what the perfect lease plan is.One tool Scott uses in real estate investing he cannot do without.Scott’s biggest business mistake.Tweetables:“Our main portfolio of investments right now is actively pursuing self-storage opportunities — either creating them or looking for existing opportunities.” — Scott Krone [0:02:03]“If you’re doing a triple net lease, then it’s just straight income to you and your tenant takes care of the rest. So within our flex warehouse space, we have modified gross and triple net leases. It’s much easier for us to manage compared to multi-family.” — Scott Krone [0:03:27]“Warehouses are much more predictable. We could look at demographics, saturations, market rates — it’s a lot more analytical than comparatively to multi-family.” — Scott Krone [0:02:05]“We’re not going in paying top dollar, we’re coming in and making sure that we have a competitive advantage once we do buy. We truly believe that you make your money on the buy, not on the sell.” — Scott Krone [0:09:01]Links Mentioned in Today’s Episode:Passive Income Through Multifamily Real Estate Facebook Group Free Call with Kyle or LalitaScott Krone on LinkedInCoda Management GroupCoda Management Group emailIllinois Institute of TechnologyRedIQVirtual Asset Management Summit 2021

On the debut episode of the Storage Investor Nation podcast, Scott Krone of Coda Management Group breaks down how they're turning the “ugliest building they ever bought” into a cash flowing machine. This is a value packed episode, so listen in to learn how he's carved out a niche in the very competitive self-storage space, how Covid has made actually made something easier, and why they did 9 months of due diligence before pulling the trigger.

As people are spending more time at home, they're developing a need for more space. As a result, there's a growing need for self-storage. The expense ratios for running self-storage are relatively low and the operating margins reflect that. Today's guest has specialized in converting old warehouse space into Class A, climate controlled self-storage units. Scott Krone, Principal of Coda Management Group, has a fine-tuned formula which has served him and his investors well.

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specialises in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.

Join Daniel Nickles and Chris Thompson with their guest Scott Krone, the Founder of CODA Management, as they talk about the overall viability of self-storage properties. In this episode, Scott compares self-storage properties to multifamily properties on low cost and predictability, a point that's important for passive investors to note. For him, self-storages are dumbed down multifamily properties that are apartments without toilets and sinks. Find out what more Scott has to say about self-storage as you tune in with us in this episode. In this episode you will learn: From real estate development to self-storage projects. What are the mechanics that determine a property's potential when scouting? The effect of current events on the self-storage industry. Other passive investments that are as viable as self-storage properties. What makes self-storage viable and sustainable? About Scott Krone: Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.  While obtaining his degree, he also worked as a Project Manager for Optima, Inc.  During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets.  Since its inception, Coda has managed a wide range of real estate, including single and multifamily homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces.  Currently, the platform of investments is in excess of $54 million. In 1998, Krone founded Coda, an award-winning Design + Build | Sustainability | Consulting firm.  Since its inception, Coda has won numerous design/build awards, including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High-Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their homes. Krone resides in Wilmette, IL, with his wife and three children. Connect with Scott Krone on: Website:              https://www.codamg.com/ Linkedin:              https://www.linkedin.com/in/scott-krone/ Facebook:           https://www.facebook.com/CodaManagementGroup/   Connect with Two Smart Assets on: Website:              https://twosmartassets.com/ Facebook:           https://www.facebook.com/TwoSmartAssets/ Instagram:          https://www.instagram.com/twosmartassets/ YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw   ✅Check out our free apartment syndication sample deal: https://twosmartassets.com/sample-deal-form  

Welcome!To the Self Storage Investing podcast. I'm your host Scott Meyers.As we continue sharing the knowledge and skills from leading investors, developers and operators to help you launch and grow your own successful self-storage business this 2021.Tune in each week for a new episode on topics in the self-storage world with guests from each sector of the self-storage investing industry. This week my guest is here to discuss with us the ways to turn distressed properties into those of success.About today's guest: Scott KroneScott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.For more information on today's guest: Scott Kronehttps://www.codamg.com/about/https://www.linkedin.com/in/scott-krone/Helping People Become Financially Independent Without The Hassles of Tenants, Toilets, and Trash with Self Storage Investing!Website: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Please make sure to subscribe so you never miss a NEW episode!Leave us a 5⭐ rating on Apple Podcasts and write us a review.

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.  In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build.  Krone founded Coda in 1998.  Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices. https://www.codamg.com/

Scott Krone – Self Storage Investor from Coda Management Group talks to Neil Henderson of The Road to Family Freedom Podcast. Scott is a Chicago native whose career began in architecture in 1991. In 2012, Krone founded Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces. In this episode we talk to Scott about his company’s specialty, which is converting older buildings into Class A self-storage facilities, we talk about the challenges of dealing with city zoning departments, we talk about the kinds of building they stay away from, and finally, we talk about an existing tax loophole called Opportunity Zones that allows you to wipe out the tax burden on all capital gains. Post-Interview Analysis  Key Lessons Learned. If you can find a way to take advantage of Opportunity Zones, you have a chance to make your investors very happy as they can grow the offset existing capital gains and grow their investment with you, nearly tax-free. Episode Highlights:  Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage)  Converting older buildings into Class A self-storage facilities The challenges of dealing with city zoning departments The kinds of building they stay away from A tax loophole called Opportunity Zones that can, if used correctly, allow you to wipe out the tax burden on all capital gains And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.codamg.com (Coda Management Group) Facebook: https://www.facebook.com/CodaManagementGroup (Coda Management Group) Resource: https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions (IRS FAQ - Opportunity Zones) Resource: https://www.novoco.com/sites/default/files/mapbox/opzone/gozone_map_18.html (Opportunity Zone Mapping Tool) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)

GUEST BIO We are joined in the lab by Scott Krone. Scott joins us with a very unique perspective of real estate as he is able to tackle real estate experiments with 3 different sets of lenses, one as an architect, developer and one as a investor. He is the founder of the Coda Management Group which to date has over 55 million in investments under its belt. Scott took the unconventional route in real estate investing as a student in an Architecture graduate program. This background has contributed to his company's present success of taking underperforming commercial buildings and converting them to valued assets. Scott tells us how he managed a wide range of real estate properties with the main focus on self-storage investing. Scott has found his technical 3-lens expertise invaluable in the evaluation of properties and teaches us how a person doesn't always end up the path he started and how this will still turn out for the best. If you wish to learn more about self-storage investing, you're going to be inspired with Scott's journey. Let's tune in! HIGHLIGHTS OF THE EPISODE 01:49 - Guest Background 05:48 - Real Estate Architect vs real estate developer 08:16 - Relevance of having an architectural background being a real estate developer 14:06 - Knowing what real estate investing is good for you KEEPING IT REAL 20:21 - Solving people's problem becomes sales 28:51 - Knowing which sector is taking the biggest hit 35:49 - Buying home strategy 37:57 - Common misconception in real estate 40:50 - Knowing a pro person versus the authority 42:43 - Overcoming obstacles RAPID FIRE QUESTIONS 46:23 - Best Habit - beginning my mornings at 5:30 am 47:29 - Favorite book - The road back to you by Ian Morgan Cron 49:20 - Favorite Real Estate product - Self Storage BOOKS MENTIONED IN THIS SHOW Miracle morning by Hal Elrod The road back to you by Ian Morgan Cron NOTABLE QUOTES (KEY LESSONS): “ I was choosing between two different programs, and that one seems to resonate a little bit more about me. I can't tell you exactly why at this point in time, but I think that's life, you just have to take steps and faith and then ultimately it works out.” 11:36 - 11:51 “In order to sell yourself, you have to know what your potential client is willing to buy or wants to buy.” 21:09 - 21:15 CONNECTING WITH THE GUEST LinkedIn Codamg.com info@codamg.com #ExperimentRealEstate

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400-unit Coromandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. In 1998, Krone founded Coda, an award-winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes – Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their home. What you'll learn about in this episode: How architecture served as Scott's gateway to real estate investing, and how he founded Coda in 1998 and later transitioned to self-storage Why the appeal of the self-storage niche lies in its lowered risk exposure and ease of risk management and mitigation Why self-storage is especially recession-resistant, and how to break into self-storage investing How partnering with investors helped Coda break into the self-storage niche, and how they offer a number of different vehicles for investors What areas of the country Scott considers to be “oversaturated”, and why Coda focuses on the Midwest How being classified as essential during the pandemic has been a boon for Coda, and how the pandemic has impacted their business Why the number one mistake Scott sees investors making is overpaying for an asset, and why systematizing the business has been crucial for Coda's growth and success Why the relationships Scott has formed are what he considers to be his biggest wins in life, and why paying for coaching is worthwhile How to get a free call with the team at Coda Management Group, where you can ask questions about self-storage and even partnering with Coda Resources: Website: www.codamg.com Email: info@codamg.com Facebook: www.facebook.com/CodaManagementGroup LinkedIn: www.linkedin.com/in/scott-krone/ LinkedIn: www.linkedin.com/company/codamg/ Additional resources: Website: SmartRealEstateCoach.com/QLS Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Smart Real Estate Coach Podcast Sponsor: Paul G. Dion CPA, CTC

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices. "There are two types of challenges we face in life. Ones we create on our own, and the ones life creates for us." Learn How to Get Started in Real Estate? Go to www.Dwellynn.com/mft SUBSCRIBE and LEAVE US A REVIEW on iTunes: http://getpodcast.reviews/id/1256786108 Get your free book: www.audibletrial.com/dwellynn Contact: Scott Krone https://www.codamg.com/ Content mentioned: M.Robert Mulholland - Invitation to a Journey https://www.amazon.com/M-Robert-Mulholland-Invitation-Journey-16/dp/B00HTK0VIK/ref=sr_1_2?crid=7GF6ADFAZWQC&dchild=1&keywords=invitation+to+a+journey+by+robert+mulholland&qid=1603847737&s=books&sprefix=invitatio%2Caps%2C211&sr=1-2 Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com

#159: In these times of market uncertainty and job layoffs, no wonder so many people are escaping the 9-5 and seeking financial freedom. Making that decision may be half the battle, but where do you go from there? Today’s guest is Scott Krone, the owner and founder of Coda Management Group. Coda is an international award-winning design and build firm that manages self-storage and other real estate assets, whose values range in the hundreds of millions. In this new episode, they discuss why you should look for problems to solve during a recession, how to keep your investors committed and happy in every deal, and the ways to leverage a variety of deals to create a life truly worth living. What you'll learn: How to identify problems with a high ROI The concrete steps to tackling an old problem in a new way The key to creating sustainable passive income streams About Scott: Scott Krone’s background lies in architecture and contracting, working on multiple million dollar deals in his early years. In 2012, Scott founded SSSK Capital Fund, a firm that managed real estate assets in the excess of $30 million. In 2018, Scott combined SSSK Capital Fund with his other company, Coda Design + Build, to create the current Coda Management Group. Coda is now a staple in self-storage asset management. Get in touch with Scott here: http://www.wealthwithoutwallstreet.com/coda (www.wealthwithoutwallstreet.com/coda)

Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.        In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. codamg.com  email info@codamg.com

Join German and Oscar Buendia with Scott Krone, as they talk all about self-storage investing. Scott is the founder of Coda Management Group; they purchase underutilized commercial properties and convert them to self storage facilities. In this episode, he shares the amazing advantages and benefits you can have with self storage properties. Here’s a breakdown of what to expect in this episode:

In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.Visit: https://www.codamg.com/ 

Scott Krone, founder of Coda Management Group, currently has real estate investments in excess of $55M. He made his first real estate transaction in his 20s and throughout his journey, he learned valuable lessons, built a team, and is now managing single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. He's been featured in NBC, Houzz, Crate&Barrel, and more. In today's interview, Scott reveals an interesting statistic about the real estate investing that will probably shock you.

Scott is the founder of CODA Management Group with experience in architectural design and development. Scott shares his journey in real estate and the reasons he determined to shift towards self-storage and now he owns a self-storage space that is now a national park location. He shares how he was able to get his building under the national park registrar.  Scott Krone Real Estate Background: Founder of CODA Management  Has 25 years of development and design building experience Portfolio consists of over 47 syndications, and 400,000 sq. ft with 2,750 storage units under management Based in Wilmette, IL Say hi to him at:   Best Ever Book:        for more info on groundbreaker.co  Best Ever Tweet: “Simplicity of product, we took the Henry Ford model, “you can have any color car you want as long as its black” - Scott Krone

Scott Krone Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.  While obtaining his degree, he also worked as a Project Manager for Optima, Inc.  During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets.  Since its inception, Coda has manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces.  Currently, the platform of investments is in excess of $55 million. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm.  Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award.  Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.   In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Krone resides in Wilmette, IL, with his wife and three children. hank you so much for listening! WE ARE SO GRATEFUL!!!! Our Sponsor:  Multifamily Foundation If you are serious about learning how to buy apartment buildings then don't wait, go to www.multifamilyfoundation.com and let us help you build your foundation. Investing for Lifestyle and Legacy: https://www.yarusiholdings.com/ Our ENTIRE Podcast, Books and Health Suggestions: https://www.amazon.com/shop/yarusiholdings Subscribe To Us On YouTube: https://www.youtube.com/channel/UC1SuXB01d14DC8ZnEWpRQdQ?sub_confi rmation=1 Subscribe To Us on #Libsyn: http://multifamilyfoundation.libsyn.com/website Subscribe To Us on iTunes: https://podcasts.apple.com/us/podcast/the-multifamily-foundation/id1484177595 Transcription:  Hello, again, welcome back to the Jason and Pili project. Super excited for today's show. Really going to talk about some topics that are really viable to what's actually happened today. A space that's super great for everything that's happening during Covid. If you listened to that time, when you have Scotty Krone on the show.   Hey Scott, how you doing? I'm doing well. Thanks for having us. I appreciate the opportunity. Well, thank you so much for coming on the show and a little bit more about Scott. He's. The founder of Coda Management Group, teamed up with investors to purchase strategically located undervalued warehouse space and convert it into climate controlled self storage facilities that are managed by a top three operator. So a little bit more, he's done 47 syndications over 400,000 square feet of property, 2,759 storage units currently under management and 25 years to develop and design build experience. So Scott, thanks so much for coming on. I see that you are actually converting warehouse space into climate control itself storage. Was that intended or was there a certain time when you were doing these syndications and it looks like you were in residential and a couple other points where this just fell into your lap and you, and you did it without knowing really the after effect and all of a sudden it became your business plan.   Uh, it's something that's certainly developed. I began in multifamily and that's predominantly where the syndication began when I was working for other people. And, um, you know, the first project, which was my master's was a 400 unit, all Thai multi D uh, family development. So we had condominiums, we had townhomes, we had single family homes and it was on 50 acres and it was a, it was a ground up development. And I worked for them for six years and, you know, each, each and every one that we did was along those lines. And so when I started Coda, we began in single family and then we got into multifamily, got into mixed use. Um, we were also have done five churches we've, um, just on a lot of different things. And then the crash came in 2008 and 2009. And that whole market on the residential side completely dried up and everyone was going into apartments.   And because that's the only thing that banks were lending out at that point in time, whereas we're apartments, we did buy some apartments and, but there was a tremendous cap compression and it was very competitive. And so we had one client who wanted us to find him a distressed self storage facility. And I couldn't find it. I was looking all over and nothing was quote unquote distressed. And this is like in the heart of the, the, you know, the, the previous recession. And there was absolutely nothing that was truly fit the qualifications and distress. And I was like, this is an amazing product. And that's where I began learning about it. And we actually had a warehouse where we were going to convert it into another use for our client. And we officially got the nonverbal verbal approval from a mayor. And then three months later she had a change of heart.   And, um, so now we were hard on a contract, had this warehouse and I called up my client and said, you know, if you really want to get into self storage and make money development is the way to do it rather than trying to retrade on, you know, moving from a nine cap to an eight and a half cap. You're not going to see a lot of appreciation there. If I said, you know, we have this warehouse, let us know if you think it's a good location. If it fits the economics of what you're trying to do. And they came and looked at it, they said it meets all the things that we need. We need it to be, but we don't have anybody to develop it for us. So we did that, and that was our, that's how we got into self storage.   Wow. So the lots that we could unravel there, and if you look at that today, what makes the conversion process that much more buyable than the ground up in terms of being able to maximize space? Is there a certain size of product that you have to be into to make this make sense? Is there a certain number of units that you have to get out of? It is there, and is it location savvy compared to, you know, being close to the city or being out in the suburbs that you're trying to focus on?   Well, it's very location specific. It's within a three mile radius. That's, that's what we're looking for. So when we're converting, we're looking at class a, so within class a, um, that is the type of thing that is conducive to more of an urban setting. Um, one, because that's, you have density too, you have a larger building. Um, I haven't seen any conversions in a rural or suburban market for a class, a type facility. So it's predominantly only in urban areas that we're doing this. So we're, we're focusing on the Midwest. So we have Wisconsin, Illinois, um, Ohio, and we just went to contract on one in Kentucky. So that's the market that we're focusing on. And because there's, there's unmet demand in those markets, that's why we're going after these products, after these buildings. And the reason why we're doing conversions is one we're buying these buildings somewhere between like 11 and $13 a square foot.   So the replacement costs, I can't buy the property and build these buildings for that price. Um, the other thing is they, the buildings that we have been buying lend themselves well to the layout of self storage. So they're predominantly rectangular in nature, a very common column line. Um, the one that we bought in Dayton did not lend itself to multifamily, which is why it was not converted. If the building was sitting vacant, we came in, we had the zoning, as of right, we had an existing building. And so to buy the land, have the building and have the zoning, um, for, you know, these for $11 a square foot, it's a no brainer for us at that point in time.   Yeah, absolutely. And so is there a size of building that you're always looking for, that you won't look for something smaller than X number of square feet or a certain number of units to get out of the space?   Yeah, we're, we're looking between like, you know, 8,200 and 1,000 and 20,000 square feet. The building that we bought, we haven't bought yet. So the building that we're under contract for in Lowville is actually close to 140,000 square feet. The market does not demand 140,000 square feet of self storage, but there's existing tenants. And so we have a rent roll already. So we're going to have a combination of flex warehouse space and then also self storage. And so we're going to be converting a portion of the building into self storage and then   Maintaining the existing tenants. Okay. What are some of the metrics that you're looking forward to, to show that the market is, um, not meeting demand?   Well, first we look at is the population growing or is it decreasing what is happening with it? So in each of the buildings that we bought, so the last three Toledo date, and now the one we're under contract for it in Louisville, we're seeing a tremendous amount of development right around what's going on, so that that's always encouraging to us. So there's like 3,500 rental units coming online and local, right. Within two miles of our building. So for those of the site, I should say, so that's, that's exciting for us that we're seeing continued growth in there. The second thing that we're looking for is what is the market saturation? How much lockers per square foot per capita is in the marketplace in context of the overall. And then we look at, is there unmet demand? And so in each of those cases, you know, the PR our competition is like 90% leased up.   We're well below the saturation level for our product type. And then we look at pricing and, you know, are they getting good, strong pricing and what's been happening with the pricing. So that's one of the things that we've really like about self-storage compared to when I was in multifamily, when I was working for a top 20 developer in the country, you know, there wasn't feasibility studies out there. It was just like, if you build it, they will come. Right. And, you know, we're doing a lot more due diligence now than what I was doing when I first started. I mean, we were doing, it was a hundred million dollar project, you know, it was like three or 400 units. I mean, that's a tremendous amount of change to a community, right. And we didn't have a feasibility study to say like, is there going to be a demand for 400 people to come in and buy these condominiums anywhere from 100,000 to half a million dollars? Wow. You know, and so, you know, for, for us, we have a market study that says, is someone going to rent a locker for a hundred dollars? Or, you know, is it, are they going to rent it for $25? So we know exactly what the market is going into the product.   So thinking about what's happened today with COVID, you're where you're going to see a lot of space open up within, you know, retail and some of these other places to have, unfortunately, just aren't going to have the power to come back, potentially, maybe warehouse stay strong. You know, we started seeing a lot of, uh, shipping, maybe some, some, some of business come back, you know, from overseas that, that start being made here for certain reasons. Do you, are you, is this, now, is this making you bullish again on the industry? Cause there's going to be more opportunities that you could find space in predominantly maybe areas that were oversaturated with retail and office space that maybe you can use for this conversion process.   Well, there's two points to that. The first is, you know, we've studied the last four recessions and based upon the gray hair that I have, you know, that I've been through a couple of these recessions before. So, um, maybe that's wisdom, maybe it's, I don't know, old age, I'm like, my kids tend to say it's moral day than wisdom, but yeah. Yeah. We've, we've gone back and looked at the recessions in the past and, and each of the recession's self storage has either held or gone down like one or 2% and then rebounded very quickly. So they're not recessionary proof, but they're certainly recessionary resistant. So they they're, they're holding their market. In fact, the greatest, the lowest cap compression that we saw was when extra space bought up a portfolio of a billion dollars and it was at a four and a half cap, and that was at the last recession.   So they do well in a downturn, which is why we've gotten, we were bullish on self storage before the recession because of the fact of how they resist the, the re they're not as, you know, they don't vary as much within the recessionary market as other products. Um, people would argue that multifamily that they're expecting to surge within multifamily. I don't know. It's all gonna depend upon what the lending capacity is going to be. Certainly hospitality, retail. It's no, it's a no brainer. These things I've been hit and hit hard. So there is going to be a change. What we did see in the last recession is to the communities that needed something to be built, were willing to rezone the communities that we're not, we're going to hold fast to the fact that they weren't going to change the zoning. So there could be a big box that would be prime for self storage, but if we can't get the zoning, then it's not, it's not going to happen. And that's where you will see the pressure, you know, because obviously the is losing tax dollars tax revenue, but they want the sales tax in self storage or not, there's very little sales tax. So they want to keep those products on there. And who knows what if communities are gonna allow it to be rezoned to self storage.   Interesting. Yeah, that's actually a great point. Right? So if the community is looking to find out where to come back, they're going to push out across cause really the tax dollars that makes up what's happening in the, in the, in the area. Is there a reason that you focus a lot on middle, middle America States and you know, w we invest in so many States, you know, we're in Louisville is in terms of, um, focusing on some of the other States that might have a, um, a bigger flight to them, like the, the Florida's or the North Carolina or South Carolina. Is there a reason that you, you stay location specific in the States that around you,   There is. I mean, it's, it's, it's based on saturation. We've had plenty of people call us up and say, Hey, I want to do self storage in my town. There's no self storage. And I'll ask them where they live and I type it in, and there's like 18 facilities, like within two miles of where they live and, you know, they're, they're oblivious to it, right? So along the East coast, the South, the West coast, the saturation is that it, you know, we're supply equals demand is typically around seven square feet per locker. And the salvage is actually nine because of the fact that there's so much self storage and there's so much demand. So we have avoided those areas because the competition is incredible. But more importantly, if we can go into a market, you know, date and check the one, we just, we just opened up in Chicago when we bought it, it was two.   So there's plenty of, there's plenty of demand that we can meet. Um, each of the ones that we bought Toledo, Dayton and Louisville have all been under four. So there'll be between two and three and a half. And so we know that there's, there's a lot of margin for us to meet in there. Wow. Interesting. When you're doing your build out, do you look at a certain per square foot number that you have to come in for your construction costs to make this, or is there, is there a range or how do you look at it from that site? And that has a lot to do with the condition of the building, and then we back into what we can pay for it. So the building in Lowville that we're under contract for, it is very aggressive pricing because of the fact we have to do so much for, to the building.   We're actually going to be spending a lot more per square foot on Louisville than the other buildings. Um, just because of the fact that we have mixed use and it is larger. So we, we always base the purchase price based upon what it's going to cost to get us to the place where we need to break even and make money. Was there a pinnacle point here? You talked a little bit about, you know, moving on from, multi-family just completely shutting off the point. Um, but was there a pinnacle moment or something that you, you talked about, the conversion that you had with, uh, the partner or the person who was looking for space, um, was there a moment that you said I will no longer do residential or any, any kind of play with multi-image strictly just going to go all in, uh, with self storage, there was, there was two points.   The first was when we sold our multifamily, you can accuse me of a lot of things, but, you know, being the smartest guy in the room is you're, you're not going to accuse me of that one. So, um, you know, I, but I do watch what's happening in the marketplace. And so when the, the crash came in the last crash, the last two crashes, Oh one and Oh eight and Oh nine, we weren't sitting on a lot of property because I stopped buying because I was listening. And I think that's the key thing within the marketplaces. I was listening and paying attention to what the market was saying. I wasn't trying to force the market. And so I stopped buying in Oh one, I stopped buying in Oh eight and I was, I was selling and, you know, I was being criticized by my competition for selling my properties too low, to undercut them.   I'm like, look, I'm in cash, I'm out. You know, I don't want to be holding it because I'm not comfortable with what's going on. So when I saw that, you know, the cap compression for our apartments was lower than what I expected. That's when I began selling my, my apartment. I'm like, I'm just out or done now, did I time it perfectly? I don't know. You know, perhaps it's gonna do a little bit better now, but I'm also out, you know, I don't have to worry about if I'm gonna make a half point or a point better or worse, you know, that's, that's my philosophy. So we're in real estate, everything's for sale at the right price. So if I, if I feel that the market's going to be turning, then I will liquidate the other indicator for us was we, we were doing a spec house in when, uh, in the North shore was not in one actor, but in the North shore of Chicago.   And we had originally projected it to be like 1,000,050. And this was, you know, right. You know, we were right around the election time and the, the market opened up and we weren't quite done, but in January, like three homes all sold for like over a million dollars comparable to us. And then the rest of the year, nothing sold the new construction. And this, this is a brand new house. We pick it up for two 35, you know, we thought this was this, not a home run, but you know, a triple double for sure. Good deal. And we, we sat on that for a year. We had to rent it out and then we then sold it at breakeven. So we cut the price by over 20% in order to sell this thing just to get out. And so that was the next thing is like, there were so much fluctuation in the single family market that was like, there's too much risk.   So when I, when I'm evaluating risk, those are the things I'm looking for is like, what's the volatility, you know, and so far it was the cap compression. And then the volatility within the single family that we're not investing in those things. But if people are asking us to build it and develop it for them, then we will certainly do that. I think there's, there's obviously there's no risk to us, but I think there's less risk to someone else because they're not paying the premium of buying something new from someone else as a finished product or working with us and getting that benefit of being the owner from the front end. So we have built new homes recently. We just finished another church, we're working with another. So we just finished a church last year. We're working with another church right now. And, uh, you know, we, we just finished a house. So people hire us to do those things. But from an investment point of view, our portfolio is strictly self storage. Yeah. I love that. And so from a self storage, um, aspect, when you're building out the property, is there any value as a, you always look to add that, you know, that maybe other operators are missing or other people leave out that you think is, is definitely a mistake and you put this in there because you know, it really takes your property to that next level. It's not that complex. You never   Know. Right. So it could be anything, you know, automation, the key. Yeah. I think right now I actually, you know, I think one thing I said to her today is like, you know, what makes self storage, um, something that multifamily is, is going to take no two is it, it, it, it can be a touchless experience. Right? And so with the scarcity of what it is, I mean, you could walk in there and sign up for a locker, get key, you know, go through the kiosk, go through your gate, go in there, go in your thing. And you'll have cameras around. There's gonna be some point where, you know, I'm seeing that, you know, virtual, um, touring and apartments that people are getting adjusted to that, right. When they said, Oh, this might work because, but now that's the thing. So now, you know, people are selling houses through and everything else.   There's certain things where multifamily we'll take that, take that lesson from what they're seeing in self storage, but in terms of what you're doing, what are some of the other income drivers or other points in the properties that, that really, um, instead of like multifamily, right? So sometimes people just strictly focused on the rent, but they're missing all the ancillary parts from the income or the expense side that can really make the property because they're so focused just on the drive. Right. Right. Anything from a self storage component that you could add to note that you really think is, um, is lackluster on lots of other properties.   Yeah. Well, the, the big thing is, you know, people want try safe and secure, know those are the big driving factors. And yes, we like like most things in society today, it has gone to a touchless process. So even though we do have someone onsite that can help upsale provide other materials, boxes, packing, paper, tape, whatever it is, they have that ability that you can't always get at a kiosk location. So some of our friends who operate class B the kiosks work, wonderful class, a, you still need someone there because they're a lot bigger, you know, they're, they're about twice the size of a class B facility, and most of the class B or you drive up to versus going into the building. So everybody has their own individual key number where they can get access into the building. And, you know, they can, they can go in at any point in time.   So one of the things that we were offering, because we just opened it up, was like, we could say like, look, your locker, won't be within six feet of another occupied locker because we literally opened up like a week before the shelter in place. So it was pretty safe for safe. You come in, you'll be six feet away from somebody we'll insure it. You know? So that was one of the things that we offered. Um, but the big thing that we look for is what the market is demanding in terms of how big, so another reason why I like self storage over multifamily is I, I take the Henry Ford approach where he said that people could have whatever color car they wanted, as long as it was black. Got it. So for us, you know, they can have whatever color, self storage locker they want, as long as it's white, but more importantly, it's the size.   So what, when, when we're going through it and part of what our research and our due diligence is, what, what size is appropriate for that community. So if we just go in and build like really big units that they can't afford, then we're going to sit empty. Conversely, if we build too small of units, then no one's going to buy them because they don't want to rent like it's 20 little units. So in each community, we dictate what that size is in order to make sure that we're meeting the demand. But then we have the flexibility, as well as like in one of our facilities. We, we, we were sold out of the 10 by twenties, but yet we couldn't sell the 10 by tens. So we took out the inner wall of the 10 by Denzel man, 10 by twenties, and then they at least stop.   That's great. So we always look for that flexibility in terms of our layout or design, to make sure that we have a lot of variations. So we're not just, or unit configurations, not exactly the same throughout the entire building. What are some mistakes that are commonly made when people go into self storage investing? Well, I, I don't think it's any different than real estate. They overpriced, they overpaid, you know, and then they over leverage it. And then when the market turns or there's a change, they can't react and then their stock. And so that, and also due diligence, you know, what is the existing condition of the building? So some of the things that we're fortunate that we're doing is when we're, when we're buying these buildings, we're putting a new roof on, we're putting all new mechanicals in them. We're putting new energy efficient lighting that is motion sensor.   So it cuts down on electricity and a timer. Um, so all these, all these systems are brand new in our building. So we don't have to worry about, you know, is the boiler going to go out? Is the furnace going to go out the roof and those sorts of things. So we bring that, we're bringing the building up to state of the art technology. So the fact that we don't have to worry about a lot of ongoing maintenance concerns and the, the business plan is you go in there, you do the complete conversion process, and then you'll bring on third party management from what are the, the players there to manage the property for the life of the hold. Is that absolutely? Yeah. W I mean, my expertise is in real estate, it's not in managing self storage lockers. I'm granted, it's, it's apartments without toilets, right.   You know, that's where 35% of operational costs compared to multifamily, which is 55. There's a reason why it's 35% because there's, it, there's not as much to do, but there is a science to it. There is there isn't a logic to it. I let I hire them to do what they do best. And that way I can focus on what I do best, which is identifying properties, repositioning them and getting them ready for the marketplace. Is there a typical hold period that you find is, and I know that you talked a bit debt, you know, for multifamily, you're always bullish and just looking for the right angle. And when capris compressors is that the whole true again for what you look for in a self storage? I mean, typically for our development lease up, it's a three to five year hold. That's what we conveyed to our investors is, you know, we're, we're going to plan on holding it, excuse me, for three to five years, the last three have all been an opportunity zone.   So we we've, you know, we're, we're cognizant of that as well, to make sure that our investors are getting the maximum advantage of their taxes, um, through the opportunities on, so we balance all things in there and it spoke to the really, the city's openness for, for rezoning. Are you finding that traditionally, a lot of the properties come in there, you have to go through that process. And none of them are zoned correctly is, and that's not a huge hurdle, or is it ultimately standoffish based on town town, it's town to town, but it's becoming more difficult. Um, so storage is the ugly stepchild, make no bones about it. It is not the sexy, you know, rolls Royce or CA you know, Lamborghini in real estate. And people have this negative perception about it, but yet everybody needs it. You know? So, um, I shouldn't say everybody cause about 10% of the population utilize the self storage, but it's the type of thing where communities, I grew up in a town that didn't want to have fast food.   So they banned McDonald's. So when McDonald's was finally able to come in, they couldn't have their sign. Right. You know, they tried to push it down, but ultimately people bought the McDonald's and they make the, you know, 40 years later, the McDonald's is still there. Right? It's like, it's that way it was self storage. So the towns that we've had to rezone it, one actually told us to write the zoning because they said, you know, our zoning is so antiquated. We don't have the time. So why don't you just write it and we'll approve it. I mean, I have a master's in architecture, not urban planning. So I'm like, I've never had to write a zoning chapter, you know, definitions, those sorts of things. And the one we did in Wisconsin, we had to rezone it because it was zoned storage. And then they changed the definition between storage and self storage, because they were trying to block self storage.   So they zoned us. And I said, you guys already gave us our certificate of occupancy. And they said, well, you have to go through the process, but you won't have any problems. So we were the last ones. They PR they were preventing other people from being self storage because they didn't want more self-storage in Milwaukee, um, Toledo, Dayton, and Lowville all have the zoning. And interestingly enough, Dayton fought us. You know, they, they were trying to withhold our pace financing, um, because they didn't like the fact that we were coming in with self storage and they claimed that we didn't talk to them, which was really ironic because of the fact that, you know, we went and met with them. They made comments on what we were doing. We altered it, we showed it to them, but they were, they were trying to block it because they wanted retail on the first floor.   Interesting. And so we, we worked with them. We were, we were able to cooperate with them, come to an agreement that we both could, you know, live by. But, um, you know, they were, they were resistant to having self storage in downtown, even though it was zoned. And I said, if you don't want this, then why is it zoned that way? That was, that was my whole argument. Like, and they're like, well, we want it, but not there. I'm like, but it's zoned there. So I don't, I don't understand your argument. Yeah. The talk track doesn't quite align, but I think forward, you know, we'll see   Where we come out the other side of this, but, but you might find that cities start to take another look at it, just because it is a viable option of need when you have a lot of other things that are going to be hurting to come back. And a lot of things are going to be going digital. So, you know, Scott, I really appreciate your time. Really appreciate all the context and all the great feedback you gave on a self storage space for people don't want to learn more about you, your company, what would be the best way for them to connect?   Well, our website is www dot Coda, C O D a M G for management group.com. So that's Coda and g.com. And if they have questions, they can email us at info at dot com. And we have a lot of, we have a resource pages that shows like feasibility studies and different things, so people can learn about Salesforce on our website. So there's lots of information. That's awesome. Scott, thank you so much for coming on the show. Super appreciate the time. My pleasure. All right, everyone. Thank you so much. I'll talk to you shortly. Join us way. Your second cup of coffee. Every Monday through Friday at noon live every day, bringing us our best content we've done so far. Super excited, super engaging, a bunch of great guests. We're here to answer your questions and so appreciate listening. Make sure to check this out. Can't wait to see you. See acast.com/privacy for privacy and opt-out information.

Are you looking for a Recession Resistant asset class to invest in over the next 12-18 months?   Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.   In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.   In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.   In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home.Krone resides in Wilmette, IL, with his wife and three children.   On today’s episode of Life Worth Chasing, Chase sits down with Scott Krone and they discuss why Self-Storage is an amazing asset class to get in to ahead of the looming recession.   The 3 distinct classes of Self Storage Which class of Self Storage is best for beginners How to finance Self Storage The buying criteria for a successful Self Storage investor Zoning and other tips for Self Storage Why Self Storage is Recession Resistant   info@codamg.com www.codamg.com   Subscribe To Chase's Weekly Newsletter Follow Chase on Twitter Follow Chase on Instagram Follow Chase on YouTube

Anyone fairly interested in diversifying their real estate holdings would do well by listening to this episode. In this edition of Skyline Views we hear from Scott Krone of the Coda Management Group, a veteran of the industry. He shares a lot of great information that I hope you benefit from.

Opportunity Zones! Scott Krone from Coda Management joins us to discuss a new way that investors can wipe out their Capital Gains tax burden on multiple investments! Opporutunity Zones are a great way to increase your earnings by investing in quality real estate assets while simultaneously eliminating capital gains taxes. We're talking about his strategy today of investing in a variety of assets with this Opportunity Zone Fund.Please note that this is **not** personal financial, investment, or tax advice. You should always work with appropriate licensed professionals such as your CPA to evaluate whether a particular investment or strategy is right for you.Get in touch:Coda ManagementOther Similar Episodes:Self Storage Investing Mastery with Scott LewisTax Strategies for Real Estate Investors with Ted LanzaroGuest Bio:Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.  While obtaining his degree, he also worked as a Project Manager for Optima, Inc.  During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Mr. Krone founded Coda Management Group – a firm who specializes in managing real estate assets.  Since its inception, Coda has manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces.  Currently, the platform of investments is in excess of $55 million.In 1998, Mr. Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm.  Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award.  Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.In addition, Mr. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home.Scott resides in Wilmette, IL, with his wife and three children.

Scott KroneManaging PartnerMr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices."There are two types of challenges we face in life. Ones we create on our own, and the ones life creates for us."You can find Scott athttps://www.codamg.com/https://www.codamg.com/contact/600 Waukegan Road, Suite 129, Northbrook, IL 60062(847) 272-7775info@codamg.comYou can find me at https://peer2peerrealestate.com/www.facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Youtube Channel**Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.Thanks to our Partners- Royal Legal Solutions, Rentometer & Landlord StudioTrack income and expenses, screen tenants, set automatic reminders, and more.Try Landlord Studio free for 30 days, no credit card required. By entering your email, you agree to our Terms and Conditions.peer2peerrealestate/freetrialWorried about protecting your assets? Let Royal Legal Solutions helphttps://royallegalsolutions.com/?ref=6Paying too much for rent? Charging too little? Let Rentometer compare your rent with other local properties. Rentometer PRO Monthly, Save 50% from the monthly price or Save $60 Off Rentometer PRO Annual ($199 - $60 = $139/yrP2P.COM/50 Save 50% off Monthly Price P2P.COM/60 Save $60 off Annual Price Don't forget about our monthly events, go to RedinNYC and get your tickets .https://www.redinnyc.com/Please go to Itunes, look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a reviewKeep the momentum going, Good things will happen. Get the latest New York Real Estate Newshttps://therealdeal.com/ See acast.com/privacy for privacy and opt-out information.

Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $54 million.  In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. In this episode, Jack Bosch talks to Scott about his work in the real estate space - specifically around some of the unique and interesting ways he has gone about structuring his investments. Have you ever thought of turning an asset into a national park? It's possible! And Scott explains how. He also discusses his career history as well as giving us a crash course into the world of self storage. This episode is perfect for you if you are looking to step up your game. What's inside: Learn about Scott Krone's career history Find out about investing in self storage Learn about some unique ways to structure your investments Find out about opportunity zones Mentioned in this episode Subscribe and rate our podcast at: http://www.Jackbosch.com/podcast Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.bosch Learn to flip land for pennies on the dollar: http://landprofitfun.com/ Join the Land Profit Generator Facebook Group: https://www.facebook.com/groups/LandProfitGenerator/ Learn More about Scott Krone and Coda Management Group: http://codamg.com/

PACE (Property Assessed Clean Energy) Financing is a finance tool every real estate investor needs to know about to help acquire or renovate your property. Scott Krone, principal at CODA Management Group, a real estate design & design firm.  CODA as designed & built single family, multifamily, commercial property convert to mixed use, and churches. Most recently, CODA has focused on re-adaptive use, converting empty warehouses into self storage facilities.   PACE Financing  Property Assessed Clean Energy (PACE) is accessed through the US Department of Energy, but not widely available throughout the country.  To access PACE Financing, the state where the property for which the funds will be utilized must be located in a state that has adopted the PACE program.   The purpose of PACE is to encourage and improve the energy performance of a structure or building.  The money provides financing of these improvements through real estate taxes instead of traditional debt.  This structure changes the picture of debt for lending, as lenders look at the obligation as equity versus a liened debt position against the property.  Your payments are now operational, property taxes. Banks love it! There are two forms of PACE financing; public and private.  Public is run through the Port Authority. Private  PACE Structure The structure of Pace financing is similar to traditional debt financing in that the principal & interest which is spread out over the life of the improvement.  For instance if the HVAC system has a life expectancy of 20 years, they will amortize the payments over 19 years.   Like any construction project with financing, the monthly draws are submitted to the bank after the work has been completed.  For those elements that are recognized as energy related and included under the PACE financing, a separate draw is requested.   Your PACE payments are an additional tax assessment usually split into two annual payments. Tax Structure with PACE The tax structure for PACE provides multiple benefits.   Funding for your qualifying project needs is provided as a loan through PACE.   Repayment is spread out over the life expectancy of the improvements. PACE financing is considered equity, not debt. Lower capital raise from investors. Property taxes are frozen for the duration of the repayment schedule. PACE financing and property tax lock is transferable. PACE Eligible Components The list of qualifying building components look to three areas for improvement; water, energy and renewal energy.  Structural components are generally excluded, however a new roof with additional energy saving insulation is included.  An easy way to think of what is qualified, is to think of LEED certified buildings and the components. Capital Stack with PACE In a typical property purchase with debt, the borrower brings the down payment, equity and borrows the balance from a lender.  For PACE qualified projects, your down payment can be lowered because the PACE financing is recognized as equity in the project.  For instance: Project Total $1,000,000 Down Payment: $   150,000 PACE Financing: $   150,000 Debt Financing: $   700,000  Typically PACE can provide up to 20% of the appraised value of the property after construction.   While you have 30% equity in the project, your investors only had to raise 15% of the equity, which dramatically increases the return on the project to your investors. PACE Lender To qualify for PACE, you first have to establish a baseline for the existing building systems in place.  Once the baseline is established, the systems to be replaced are evaluated for the estimated savings. CODA has worked with Petros PACE Financing, a lender that specializes in PACE.   BIGGEST RISK  Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”     BIGGEST RISK: Well, you know, people ask me about this in terms of real estate, what's going to happen with the economy, as you know, with political elections, what is it going to go up or down a recession or continue in this? You know, We're in one of the longest expansion periods in a long time. And for me, on a national level, I don't see that there's going to be a lot of risk within real estate as a whole.  Based upon the interest rates, I think if the market does begin to slow, you know, the Fed is going to lower the prime. We wait. We may get down to two or even zero interest rates just to keep the economy going. So from that perspective, I think that real estate is still a solid play.  But if I'm looking for us. What we have determined internally is that there's too much political instability here where we are in Illinois. And so what you were saying in terms of like, can we can we avoid it? You know.  Illinois is having a decrease in population of 6 percent over the past 10 years, which is putting a greater burden on the people that are remaining. And we have the pension problems. And, you know, historically, you know, people say, well, you know, they just did a bunch of things to approve legislation which are basically sin taxes.  But my concern is the money is not actually going to pay off those pensions. It's just going to be used to spend in other areas, which is historically have happened in Illinois for the past 20, 30 years. So why is it going to be different?  What we have done is we've stopped buying in Illinois. And for us, that's how we are mitigating or perhaps even transferring because we're looking at states that are more tax progressive and where we're seeing growth.  And so that is what we're trying to do is and that's why we've expanded throughout the Midwest. That's why we have the properties in Ohio. We're looking in Louisville or we're looking in Kentucky. We're looking in North Carolina. We're looking at Michigan.  We're looking at places that are trying to encourage economic development. So either through PACE the Opportunity Zones or the tax benefits for it so that we have greater stability and less risk. For more go to: Website: www.codamg.com

Our guest today is Scott Krone—founder of Coda Management Group. Coda teams up with investors to purchase strategically located, undervalued warehouse space and convert it into climate controlled self-storage facilities. They are a top three operator.Scott began his career in multifamily 25 years ago and when the crash came in '08 he began buying into the commercial realm and started seeing that there were some inefficiencies within the self-storage arena that he could take advantage of.Listen in as Scott gets into the weeds of self-storage and why it makes such a great investment. As Scott describes, “it's apartments without toilets”... a more simplified version that costs about 1/10th of multifamily. There's a lot less risk making it the safest asset class in real estate with the lowest default rates of all asset classes.We delve deep into:The costs that go into buying a buildingLocation, Location, LocationMitigating the risksA typical hold periodCreating valueThe definition of pace financing and opportunity zoneInvestor's ROIThe perfect time to sell is when you don't have to sell - Scott KronePlus, find out the biggest mistake Scott sees people make in the self-storage arena and so much more on today's Episode of The Art of Passive Income!TIP OF THE WEEKMark: Learn more about Scott and his company at CodaMG.com.Scott: Google the 12 Steps to Intimacy in Attracting and Keeping Customers. If you think about this through the same concept as going through and building a relationship with your customer, you can apply the same 12 steps to marketing and to your customer.Scott Krone: Check out the book, The Road Back to You: An Enneagram Journey to Self-Discovery by Ian Morgan Cron. This book has helped us the most in the past few years. The concept is—that we all have— the nine personality types; the idea of this is the more healthy you are, the less this personality types get highlighted; the less healthy you are, they become more magnified and ugly in essence.Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Self-storage is one incredibly fascinating area within the real estate investing industry. Self-storage investing involves many of the staples of running a real estate business like taxes, acquisition, and monthly cash flow—but without having to worry about on-site tenants.    On this episode of Investing in Real Estate, I’m joined by Scott Krone of Coda Management Group. Scott is here to share his unique approach to self-storage investing, including building a simplistic business model and why demographic trends can create a need for self-storage. You’ll learn about converting buildings for self-storage, what it takes to get started, and much more!    This episode is sponsored by Lumin Skin! You dress to impress, you exercise, and you eat well. What are you doing for your face? Lumin takes the stress out of building a skin care regimen – each set comes with a simple routine that can be done in under two minutes. Lumin is offering our listeners an exclusive free trial—just pay $5.99 in shipping. That’s a $45 set, yours for free by visiting luminskin.com/investing.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode527  

Today we're going to talk about Adaptive Re-use of Commercial Space and how it can be turned into an Asset Class that is Very Attractive & Extremely Profitable. My guest is Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities. Scott has a Masters of Architecture Degree from the Illinois Institute of Technology and he's created 47 syndications and has over 400,000 sq. ft. & 2,759 storage units under management, along with over 25 years of development & design-build experience. Scott is going to share the process he goes through in converting old warehouse space to self-storage, including his typical costs per sq. ft. for acquisition, construction & soft costs.  He'll discuss the financing that's available for these projects and how Coda builds and sells their developments to REITS.  Scott & I also discuss the importance of Mentors, what ever happened to the original 'Lincoln Log' factory in Chicago, and how he uses personality profiling techniques to build his team and understand his clients better. I know you're going to enjoy this episode, and you can learn more about Scott by going to his website: https://www.codamg.com/

Scott Krone got his formal education as an architect. His mentor though gave him a meat-grinder, ground-up education in every aspect of real estate funding, design, development, and management. That brutal training period is paying  huge dividends now - both for his companies and his customers. Scott Krone of Coda Management Group is my guest on this episode of The OZExpo Podcast.  Host: Jack HealdGuest: Scott Krone

Bio: Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $54 million. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home. Show Notes: Danny is joined this week by Scott Krone, Founder of CODA Management that teams up investors to purchase undervalued warehouse space and convert it into climate controlled, self-storage facilities that are managed by a top 3 operator. In this episode, Scott shares with us what he considers to be the most valuable lessons he’s learned throughout his career. He begins by saying “develop a strong team,” and explains how he relies on a strong team of brokers, contractors, lenders, and more to be able to keep everything running smoothly. Similarly, he stresses the importance of building relationships with brokers, attorneys, and title companies because they can be a major lead source for you in the future. Scott also shares with us how to deal with upset neighbors when working on a new project, much less one as large as the properties he’s dealing with. The advice he shares can be applied to many situations, ranging from the large-scale example he gives down to your local REIA meetup. The most important thing that Scott says he hopes people take away from the interview is to really, truly know your market. He mentions that if you can’t give specifics about exactly where your market is in the cycle and why, then you could probably stand to learn a bit more. This episode is jam-packed with helpful tips and advice that applies to investors at any point in their career.

In this episode of the Real Estate Investing for Cashflow podcast, Kevin brings in self-storage expert, Scott Krone. With a solid background in architecture, Scott co-founded Coda Management Group, an international award-winning design firm which specializes in sustainable building practices. Kevin and Scott dive into self-storage real estate, which has been Scott’s more prominent venture. Scott shares a lot of valuable information about the factors and challenges concerning self-storage and how to identify building candidates for potential adaptive reuse. He also explains other aspects of the market such as financing and some market strategies. QUOTES: “The best way to make money in real estate is through the development process because you can control the acquisition price, you can control a lot more from the front end rather than trying to work the numbers backwards.” “The most important demographic that we look for is the amount of square footage of locker per capita.” “To me, the biggest factor in self-storage is not if the market is going up or down but it’s how many other facilities are coming into my competition.” “We’re looking for a building that’s as regular as possible so you don’t have any abnormal shapes or configurations that makes it difficult to put lockers in because the whole key to any building whether in self-storage, or apartments, or office is your efficiency and your rentable square footage.” “If we can build and buy below what our competition is, then we have a competitive advantage in terms of what we have to charge in order to get people into the door.” HIGHLIGHTS 5:55 Scott’s background in architecture and his first foray into self-storage 12:46 Scott talks about their business model and demographics to look out for 17:40 Other factors and challenges in converting buildings to self-storage 21:30 What is PACE financing? 24:02 More common forms of adaptive reuse of buildings 30:07 Scott shares his longterm strategy Job Opportunities with my Team: Click Here Recommended Resources: Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here Visit www.codamg.com Review and Subscribe

Born and raised in Illinois where his business is based out of, Scott Krone is the Founder and Managing Partner of CODA Management Group. With a Masters of Architecture from the Illinois Institute of Technology and over 25 years of development and design build experience, Scott and his firm team up with investors to purchase strategically located undervalued warehouse space and convert it into climate controlled, self-storage facilities that are managed by a top 3 operator. Scott Krone joins John Carney today in The Real Estate Locker Room to share how he got his start in the real estate realm, hard lessons learned from starting his own business, and how and why he left residential real estate development behind due to market conditions in lieu of commercial real estate and self-storage.

My guest in this episode is Scott Krone. Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandelin Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Scott co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse andself-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.  In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design buildfirm Coda Design + Build.  Krone founded Coda in 1998.  Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices. If you are interested in joining our investor's group, you can go to cashflowninja.com/investorsgroup and fill out an application form or e-mail me at info@cashflowninja.com to start the discussion to see if you are a good fit for our group. If you are in the Philadelphia/Bucks County and Southern New Jersey area, we are hosting a live investors meetup event every month in Newtown, PA. For more information on the monthly event and information on how to join us at our next event, you can go to www.cashflowninja.com/events. Interview Links: Codamg Website If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! Support Our Sponsors Producers Wealth, create, protect & multiply your wealth in ANY Economy. Norada Real Estate, create real wealth and passive monthly cash flow. The Real Asset Investor, alternative cash flow investments. Goldsilver, buy physical gold & silver to hold as wealth insurance. Cashflow Gold & Silver, learn how to create income streams from your Gold & Silver Investments. Property Profits, how to buy & profit from prime real estate. Audible, download any audiobook for FREE when you try Audible for 30 days. Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @thecashflowninja. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher