Podcast appearances and mentions of Kris Benson

Pirates pitcher Jared Jones joined the show. Jared talked about the experience of making the team's Opening Day roster despite zero MLB playing time – the first Pirate to do so since Kris Benson in 1999. Jared talked about calling his dad as the first phone call after getting word he would be on the big-league club out of camp. A funny story about Jared throwing a perfect game in high school when almost every pitch was a fastball. Jared said he will not crack a smile out on the mound, but he might do so after the game – depending on how it went. Jared got into how he some guys push each other, including Paul Skenes. Chris asked Jared about Mitch Keller as the elder statesman of the rotation. 

Hour 2: Pirates pitcher Jared Jones joined the show. Jared talked about the experience of making the team's Opening Day roster despite zero MLB playing time – the first Pirate to do so since Kris Benson in 1999. Jared talked about calling his dad as the first phone call after getting word he would be on the big-league club out of camp. A funny story about Jared throwing a perfect game in high school when almost every pitch was a fastball. Jared said he will not crack a smile out on the mound, but he might do so after the game – depending on how it went. Jared got into how he some guys push each other, including Paul Skenes. Chris asked Jared about Mitch Keller as the elder statesman of the rotation. Steelers insider Mark Kaboly from The Athletic joined the show. After a few funny baseball questions, we got down to brass tacks. Mark doesn't think the Steelers will go WR in the 1st round. He said they like Dan Moore, but don't love him as much as it seems. Mark believes the Steelers are pretty set with 3-4 positions that they want to address in the first few rounds. Mark got into the avenues the Steelers could go in the 1st round depending on how things break. What are the odds of the Steelers trading up or down in the draft this year?  Donny Football Debrief – A rugby star is signing with the Chiefs. Are they the new Patriots – a team you think can make good players out of guys who never played football? 

Today's Flash Back Friday Episode is from Episode #246, which originally aired on September 10, 2019 In this episode of the Real Estate Investing for Cash Flow podcast, Kevin talks to real estate and self-storage expert, Kris Benson. Kris is a managing principle at Reliant Investments, a subsidiary of Reliant Real Estate Management, a top 30 operator in the self-storage space. Kris oversees investor relations and equity contributions for Reliant's portfolio expansions. In this podcast, Kris shares his inspiring decision to leave his job and pursue business in real estate. He explains how and he got into self-storage real estate and talks about advantages of getting into this asset class. Kris also talks about his involvement with Reliant real estate management and explains how and why he stays with the company. Kevin and Kris dive further into self storage real estate and discuss the current market in comparison to other asset classes. Kris shares some perspective on the business and talks about value-adds, supply and demand, the risks, opportunities and other things to be considered when acquiring space for development. Kris also tackles marketability and pricing in this highly competitive and dynamic market. Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

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Self-storage can be a lucrative investment opportunity for those who do their due diligence and invest wisely. Take it from our guest Kris Benson as he talks about his path to real estate and how he ended up in self-storage and stabilized his assets. He also discusses the potential risks that investors should consider and the competition from new operators. Kris also notes the importance of standing out to make a lasting impression on potential investors and finding the great people you know will act on your behalf when there's a downhill. Listen in as he gives a bonus tip on why expansion is the biggest lever to grow net operating income and maximize return on investment for investors.Key Points From This Episode: Kris talks about his path in real estate and his investments before getting into self-storage.Kris' overview of where the industry stands today and the benefits and potential risks of investors considering self-storage.Why is America just a culture built on consumerism?Why is market dynamics considered the biggest risk for investors investing in storage?How Kris goes about learning the occupancy of their competitors in their market.The ways, as an operator, to maximize return on investment.Expansion as the biggest lever that Kris and his company is pulling off right now.Are there many mom-and-pops owning 100 to 200 units?What are the exit strategies operators should consider in the long term?Kris' best source for meeting new investors right now.What makes Kris' business stand out and what also worked out for Whitney and Life Bridge Capital?The challenging part about investing passively.The importance of finding great people and building a relationship with operators.The locations where Kris is going to do deals and partnerships.Tweetables:“The more storage there is, the more people use it.” - Kris Benson“The thing I would say from an investor standpoint is, the people who trust you, as an operator, they're going to be the people who write your check.” - Kris Benson“I was interested in self-storage as an asset class, I was convinced that cap rates and apartments couldn't possibly compress any further than they were at that moment.” - Kris Benson“As an investor, you're trusting the operator to find good opportunities for an exit. For us, it's mostly been institutional capital and the REITs that have provided those exits for us.” - Kris Benson“I've done a fair amount of passive investing in my career. And what I bet on is team and track record..” - Kris Benson“I want to know the people first because, generally, if you have great people, that's a good place to start. When things go downhill, you know those people are going to act on your behalf.” - Kris BensonLinks Mentioned in Today's Episode:Reliant Real Estate Management, LLC WebsiteReliant on LinkedInAbout Kris BensonKris Benson oversees the equity-raising arm of the business, sits on the investment committee, and manages investor relations. In the past 24 months, the Reliant team has been responsible for over $200 million in self-storage acquisitions across the southeastern U.S. Kris, an executive sales professional brings a wealth of knowledge from his own experience in the commercial multi-family arena. Prior to joining Reliant, he worked for Intuitive Surgical, the developer of the da Vinci surgical robot. Mr. Benson graduated from the State University of Binghamton. Kris currently lives with his wife and children in Roswell, Georgia.

"The four d's of self-storage demand. These are the things that if they're happening in your life, they're generally driving demand. And so those are death, dislocation, downsizing, and divorce." - Kris Benson, Chief Investment Officer at Reliant Real Estate ManagementOn this episode Kris Benson joins us to discuss how self-storage works. He goes through the factors that drive demand for self-storage and what he looks for when evaluating self-storage properties.About Reliant Real Estate ManagementReliant Real Estate Management, founded in 2010, is a vertically integrated commercial self-storage operator located in Roswell, GA. In 2021 Reliant was the 27th largest self-storage operator in the U.S. and as of January 2022 has 70 properties in their portfolio located across 8 states.LinksLearn More About Reliant Real Estate Management, click here Kris Benson's LinkedIn Learn more about National Association of REITs, click here

Joining us today to discuss the opportunities in self-storage during the current market conditions is Kris Benson. He is the Chief Investment Officer of Reliant Real Estate Management, a company that offers institutional quality self-storage investments to accredited investors. He digs deep into why self-storage is still an incredible asset to invest in and offers strategies on how to squeeze NOI out of properties. He also touches on what it takes to be a sophisticated operator in the space, the work they are doing in boat and RV storage, and the importance of return on equity.     [00:01 - 12:35] Self Storage Investing Insights Kris talks about his background as an investor To make money in real estate, do it at a scale He introduces Reliant Real Estate Management and the work they do They are seeing significant compression in cap rates in the market There is still a lot of capital chasing deals in the self-storage space, with institutional investors looking for a safe and profitable investment Investors who are not well capitalized and not-so sophisticated operators may be potentially setting themselves up for failure What makes a sophisticated operator Leveraging different technologies such as touchless leasing One of the most important things moving forward for increasing NOI: dynamic pricing algorithm Comparing the data and software advancements for multifamily and self-storage [12:36 - 19:12] Business Growth and Return on Equity  Kris breaks down the boat and RV storage facilities they own and what they're doing in development When there's equity in the deals, is it time to liquidate or refinance? [19:13 - 20:28] Closing Segment Reach out to Kris!  Links Below Final Words Tweetable Quotes   “There's a lot of people in the space who are not sophisticated operators and when things get tight, again, it probably comes down to bad debt or too aggressive on the debt side.” - Kris Benson “This one is probably going to be most important moving forward is dynamic pricing algorithm where you're matching prices day to day based on occupancy.” - Kris Benson “I'm a huge believer that in real estate, anything you buy today, in 20 years is going to be a good deal.” - Kris Benson -----------------------------------------------------------------------------   Connect with Kris through the Reliant Real Estate Management website and KrisBenson.com.   Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Kris Benson: What I would say you should measure us on is, well, what happened to NOI during that period? Did we grow that? And that's what you can hold us accountable to, but cap rates and valuations, who knows, that's all made up, right? So we can't control that. But what we can control is if we can squeeze NOI out of something, we're doing our job and then the market's going to do what it's going to do. [00:00:32] Sam Wilson: Kris Benson is the CIO at Reliant Real Estate Management. They are a top 30 vertically integrated self-storage operator. Kris and his Reliant team have transacted on over $1 billion in self-storage in the past five years, Kris, welcome to the show.  [00:00:47] Kris Benson: Hey, Sam. Pleasure. Appreciate you taking the time.  [00:00:49] Sam Wilson: Hey man. Thank you for coming on. Certainly appreciate it. There are three questions I ask every guest who comes on the show" in 90 seconds or less can you tell me where did you start? Where are you now? And how did you get there?  [00:00:59] Kris Benson: Those three questions take longer than 90 seconds to answer. Is that okay?  [00:01:03] Sam Wilson: Do your best. [00:01:05] Kris Benson: Where I started, probably very similarly to a lot of people who get involved in real estate. I owned some duplexes in the town that I lived in and very quickly realized that that was going to be very challenging to scale. And essentially I hated everything about it. It was not really the work, it was more, the people like it was just soul-sucking. It, it always, there was always problems. No one was ever happy. So ultimately I heard in a podcast or read, I wish I could credit who said it to me, but basically it was big deals and small deals are the same amount of work. You just make less money and small deals. And so we started to scale into some larger multifamily we've ended up building a 64 unit apartment complex. And for me, Sam, that's where kind of the light bulbs went off where I was like, ah, this is how you make money in real estate. And, and it was figuring out how to do it at scale. [00:01:54] Kris Benson: And I'm going to fast forward a lot of the story, but how we got to where we are now is about six years ago, I was convinced cap rates and multifamily couldn't possibly get any more compressed than where they were at that moment. Whoops. I was off by quite a few years, so I started looking for other asset classes to invest in. And that brought me to two really interesting niche classes, mobile home parks and storage, and kind of fell in love with the metrics behind storage. So was an investor of Reliant, which is where I am now first. And then the founder of Reliant, Todd Allen, and I kind of formed a partnership and we've been scaling ever since. So it's, it's been a fun ride.  [00:02:33] Sam Wilson: Yeah, that's interesting. Your crystal ball was definitely broken when it comes to where multifamily has gone. I was talking to a friend of mine the other day. They said in 2016, they were underwriting a deal and they couldn't bring themselves to pay 14 million for it. And then, just traded hands, what did he say, 45 million here just a couple of months ago. And he's just like, I don't even understand this. This is crazy. So, but you know, aside from that, I don't want to go down that rabbit hole necessarily and talk about why it's where it is, but you found a niche in self-storage. Tell me a little bit about what you guys are seeing as far as opportunity goes right now in the self-storage space.  [00:03:08] Kris Benson: Yeah, for sure. I mean, what I would say, Sam, is Reliant is a value add shop. So generally we're buying existing assets and adding something to them to force appreciation. So we're just, our goal is always to grow NOI and usually, our plan is expansion. So we're adding square footage and then getting those units leased up. And generally, that's where we're getting our NOI growth. We do some other things, you know, especially if we're taking over kind of a mom and pop owned facility, there's usually some low hanging fruit there as far as, you know, rental rate increases and having things like U-Haul truck rental and tenant insurance and those kinds of things as well, where we can add some ancillary income. But I would say, look, the market in self-storage in the last three years has been pretty incredible. We've seen a significant compression in cap rates. So values have gone through the roof. And what's interesting, Sam, is we stand here today, it's the middle of June, interest rates are rising, but we haven't seen cap rates come up. Values are not changing yet.  [00:04:06] Kris Benson: And I think, you know, a motivator behind that is there's still a lot of capital chasing deals from an institutional level. There's a lot of money still trying to get into the asset class. I had to call this morning with a group. They just funded a group that is starting up and looking for some expansion capital, and they had 13 term sheets. And this group is coming to us saying, Hey, these guys are still looking for a place to place money, do you want to talk about it? So there's still a lot of capital chasing this asset class for the reasons that, you know, we fell in love with it. There's, there's a lot of recession resiliency there, at least in the last two economic cycles. And I think, you know, institutional capital is trying to find deployment in that space.  [00:04:46] Sam Wilson: Yeah. I mean, certainly, I don't know any asset class where capital just isn't chasing yield. I mean, it's looking for it wherever it can find it. So, you know, it's no, obviously no surprise that it's gone into self-storage, but let me ask you this. I understand the, and we think we well covered it on this show, the recession benefits of self-storage, but yet I think in every, every crisis, it brings out unique opportunities to acquire. Are there people who are misaligning their portfolios or taking on debt in the wrong way, or just setting themselves up for failure in the self-storage asset class in particular if we go into a recession?  [00:05:25] Kris Benson: We hope so. Time will tell, Sam, right? I, I agree. Usually, the best buying opportunities are, are going to be in when there's blood in the streets, right? We'll find out is there's been a huge glut of self-storage development in the last five years, right, so a lot of people, when you make money in an asset class, People are going to show up and say, oh, I can do that, right? So there's been a lot of merchant builders who are not self-storage operators, they just are developers. They can develop a storage facility and they hope, Hey, I'm the backend. I'm going to sell this to one of the REITs or a publicly traded company. It's going to turn out just fine. And, and they've been right for a long time. The interesting part's going to be, look, if I did a ground-up development three years ago, I was probably underrating sub 4% debt on my construction loans, right? In my model, I was saying, all right, it's going to build be a year plus to build, it's going to take me a year or two to lease this thing up. And then I got to go get perm financing. The question's going to be, what did they underwrite that permanent financing at interest rate wise, right? And if they needed it to be a four and a half to make their project work, Well, they're going to come into a market where it's five plus, right? And that's where we could see some pain, right? Is the sea of old deals where they're coming to market and saying, all right, I got to go get perm financing. And the lender's looking at them saying, yeah. At five and a half, or you can buy down your note, you got to come up and, you know, come up with a big chunk of cash to buy down the proceeds. So, Sam, I think, you know, for those operators that may not be well capitalized, there may be some opportunities there where deals that either banks are taking or banks are starting shop 'cause they know, Hey, we're going to get this thing back. So, you know, I think time will tell. The other part of this is there's a lot of people in the space who, you know, are not sophisticated operators and when things get tight, you know, again, it probably comes down to bad debt or too aggressive on the debt side. But when you're not a sophisticated operator, it's harder to make things work when, you know, the revenue side gets a little bit tighter.  [00:07:24] Sam Wilson: What are some things, when you say that word sophisticated, what are some things that come to mind that you would say would make someone a sophisticated operator?  [00:07:31] Kris Benson: Yeah, that's a fair question. [00:07:32] Kris Benson: I mean, there's a lot to that, right? And I think it depends on what you're thinking about, but, well, let's start with just kind of the digital marketing side, right? And, and how you're attracting customers. I think in the world, we live in, Sam, today, even in the smaller markets, the secondary and tertiary markets. We generally like to operate in the smaller markets 'cause we have a competitive advantage there, right? Our digital ads, Google AdWords, SEO, those types of things. Generally, mom and pop operators have a website, but they're not really doing anything else, right? And when I say mom and pop, it's not derogatory. You know, people who own less than five facilities kind of fall in that category, right? And it's, it's not good or bad. It just is the, how they attract customers. Do they have, I'd say a big thing in the last 24 months has been touchless leasing, right? So the ability for a customer to rent online, get access to their unit, get their lock and never go in the office, sign their lease. Everything is done online that's since COVID has been a huge push, I would say probably 30 to 40% of our leases. They never walk into our facilities. That's another one.  [00:08:39] Kris Benson: And then I, I would say this one is probably going to be most important moving forward is kind of a dynamic pricing algorithm where you're matching prices day to day, based on occupancy and trying to squeeze out revenue based on, you know, Hey, we, we may have five to seven types of units in a particular facility and each one is being priced based on that type of units occupancy, right? So if 10 by tens are full, that price is going to go up. If five by tens are, you know, empty, that price is going to go down and that's shifting every day comparatively to what's happening in the rest of the market. So just kind of a snapshot.  [00:09:17] Sam Wilson: No, I love that. And that, that brings, you know, a few things out that maybe I hadn't thought about. And we're certainly seeing that on the dynamic pricing side, on the RV resorts. You know, it's something where again, you know, mostly mom and pop owned and it's like, well, we know that you know, it's, you know, $69 a night, $79 a night, whatever it is. And that's been what they've been saying for a decade 'cause it's easy to remember. But it's also parable for business. Like, wait, no, I mean, it's July 4th. You should not be 79. You should be $179 a night. Like, whatever it is, again, I'm making up numbers here, but that, that whole dynamic pricing capacity is something that, you know, it's overlooked, I think in a lot of industries and we've seen that of course come around in Airbnb. We've seen that the airlines, the hotels have had it forever and it's like, why don't we have this applied across, you know, all of our real estate asset classes? So do you think that will take off? You know, and there's just a, there's a random stray thought here so forgive me. I mean, we don't, we haven't seen that in the multifamily space yet. [00:10:12] Kris Benson: The dynamic pricing.? [00:10:13] Sam Wilson: Yeah. Have you seen that anywhere?  [00:10:15] Kris Benson: Yeah, it exists for sure, especially some of the larger operating platforms. That's where I first got introduced to it is that pricing is changing in the market almost daily, based on unit type. The difference is, Sam, with, with multifamily specifically, right? The big boys report. So there's, you know, like the Yardi and the CoStar are getting that data, so that everybody can have the benefit of having that data, right? And in storage, there's a couple of groups trying, Radius+ is one, where they're trying to create this momentum where operators are reporting this information in so we can all benefit from. But it's definitely not to the level of like a multifamily and, and part of it's just because the market is much smaller than multifamily. So software companies are looking, Hey, where do we invest dollars to build a platform? Storage is a smaller addressable market than multifamily, right? So, you know, I think part of it is who's making investments into the space and storage has come a long way from where it was 10 years ago, for sure in the sophistication and, you know, the technology that's supporting it, but it's still not kind of the maturity level, I would say, of like a multifamily or an office, right? You know, some of the core four, when you think about the major real estate asset classes, but, yeah, I would say that that pricing algorithm tool is, is super helpful when you think about how to squeeze NOI, right?  [00:11:39] Kris Benson: And Sam, in the world, you and I live in, that's how we should be judged by investors, right? You know, I mean, so if you have been a, an operator of almost any asset class for the last five years, You should have made money unless you're really, you know, really screwed it up, you should have made money. And that could have been just cap rate compression. You could have done nothing. And you still should have made money. What I would say you should measure us on is, well, what happened to NOI during that period? Did we grow that? That's what you can hold us accountable to, but cap rates and valuations, who knows, that's all made up, right? So we can't control that, but what we can control is. If we can squeeze NOI out of something, we're doing our job and then the market's going to do what it's going to do.  [00:12:24] Sam Wilson: Right. Absolutely. Absolutely. Tell me about this. You guys, I mean, you, you own some regular, just standard self-storage. When I say that, I'm thinking like you said, 5 by 10, 10 by 10, whatever, 10 by 20 units. Do you guys have your hands in any other type of storage?  [00:12:39] Kris Benson: Like wine storage or like that type of stuff? Or boat and RV? [00:12:43] Sam Wilson: Yeah. Any of those. I hadn't thought about wine storage, but yeah. I mean, I guess obviously you own boat and RV storage as well, is that right? [00:12:49] Kris Benson: Yep. We do. We have some boat and RV-specific facilities where that's, you know, that's all they do. And then, we also have some storage facilities with traditional climate, you know, non climate controlled units, like the garages that we have parking on. Sometimes it's, you know, covered parking where you got the steel beams, corrugated metal roofs, and trickle chargers, and you can park in there. We kind of have a mix of both. It really depends on the market that we're in. You know, where we found the most success, obviously in the boat and RV parking is somewhere around a lake or recreational area. Generally, people want to park the boats and RVs there. So, yeah. You know, it, it's very market specific if we're, you know, in downtown Atlanta and does a boat and RV parking place do well? Probably not. [00:13:32] Sam Wilson: Probably not. Or conversely, an RV parking place in downtown Atlanta might do great just in the sense that where else are they going to park it? Like you can't park it in your street, you know, in the, in the neighborhood, your HOAs forbid it. So it's going to be where, where else you going to put an RV if you own one? Yeah, that's interesting. I know we talked about that a little bit off air as to like, what happens to all of these assets, you know, if we have a recession in the gas prices? You know, gas prices keep going up, we go into a recession. What happens to boat and RV storage? Where does that go? I don't know.  [00:14:02] Kris Benson: Yeah, it's going to be interesting. Last night I was cooking dinner actually, and I had the David Muir, Nightly News, ABC or CBS. I don't know what, what channel it is, but he was talking about Biden, you know, potentially proposing the idea of a gas tax holiday. And I was like, oh, that's probably a good idea right now. And then they're like, that will save on average 18 cents a gallon. I was like, perfect. That should make a huge impact in most people's lives. They fill up 10 gallons. I get a dollar 80 back. Thanks, federal government. I guess I don't know how you kind of think about that and be like, that's how we're going to fix this.  [00:14:34] Sam Wilson: Right, right. Let's not think about the fact that three times more expensive to fill up this year than it was last year. Let's think about saving 18 cents a gallon. Yeah, absolutely. Man, it'll be interesting to see how that shakes out. It was a conversation we talked about again before we hit record on this, where you were talking about return on equity. I thought that was an interesting point where you were talking to a seller and the sellers, you know, you basically were able to present to them this idea that, Hey, you can hold this asset for a decade. But what's your equity doing for you? Can you break that down for us? 'Cause I really like that thought process.  [00:15:05] Kris Benson: Yeah, for sure. I mean, look, I'm a huge believer, Sam, that real estate, anything you buy today, in 20 years is going to be a good deal, right? So I'm 42. Anything, anything that I had purchased when I was 22 today, it's worth more money. [00:15:19] Sam Wilson: Sure. [00:15:19] Kris Benson: Unquestionably, right? So you know, when I think about with, that's kind of on my original invested equity, I may have an incredible return on that when and if I have a liquidation event, right? So let's say I hold it for 20 years, but if three years in, the equity in the deal has doubled or tripled or quadrupled or whatever the specific situation you and I were talking about is a gentleman who built a boat and RV parking facility. And he had 10xed, essentially his equity by building the facility and filling it up in two years. And so what I think about from the investing side in that is, okay, so you have X amount of equity. What's your return on the equity that you currently have? Not what he wrote the check for, right, he wrote the check for 250 grand when he built it. Now he's got 2.5 million in it, and when you look at your cash flows, not on 250 grand, it's your cash flows divided by 2.5 million. His return on equity is terrible and not terrible, but there are other opportunities for you out there. And so I think that's how we look at a lot of our deals with our investors is when we get to that point where there's equity in the deals, is it time to liquidate or refinance and pull that equity out because our investor's money has built that equity too. We, Reliant, with our equity in the don't want it sitting there not earning. And you as an investor with Reliant, if you've doubled your equity, you don't want that sitting in there getting a 2%, 3%, especially in this inflationary environment, right? So I think it's always just a balance of you got to look at, all right, what can I do with this money if I pull it out, and if I'm going and buying boats and RVs? Probably not a great investment, but if I could pull that money out and go reinvest and churn it again, you know, that's where we start to get that compounding effect on the investment side of things. [00:17:11] Sam Wilson: Yeah. And I think that's, that doesn't bode well with the Dave Ramsey school of thought, but I think there are differences there, obviously between what he talks. Like you said, you know, Hey, if you're going to pull out this equity and go buy a boat just for kicks and giggles, then you're just buying another highly depreciating asset and paying probably too much for it. And that's a bad move. And, and I think that's always a personal decision too. Like, you know, sometimes there's a return on equity and then there's a return on peace of mind. That's like, okay, well, which one, which one is it? Maybe this guy's super happy. He's like, I don't care, man. I own a facility free and clear and I get paid for it every year and I don't have to think about it. So ROPM, return on peace of mind. You don't know, but I do like that idea.  [00:17:48] Kris Benson: You trademark that, Sam. RO... [00:17:50] Sam Wilson: PM, return on peace of mind. And so I think that's always interesting is we survey our own portfolios and go, okay, what's it look like to extract maximum value and maximum return out of this, and do it in a way that is meaningful and also, you know, protects us from downside risk. Are you guys doing any development right now?  [00:18:07] Kris Benson: Yeah. You're saying from a ground-up standpoint.? [00:18:09] Sam Wilson: Yep.  [00:18:10] Kris Benson: Yeah, we're not what I would consider a developer, meaning, Hey, we can do 10 projects a year. We just don't have the team to support it. We are in the midst of, well, two active developments. Third, that's kind of going through an approval process right now, and hopefully, we'll have shovels in the ground before the end of the summer. So a little bit. Generally, we're usually about one a year, but what I would say is there's going to be value in development right now. And there has been, but we feel like there's kind of an interesting space right now, just from a return on stabilized yield. Like, what you're going to get once this thing is built and the prices per square foot that are being paid for basically empty buildings and the replacement cost against it, you know, there's a Delta there and an opportunity for sure. [00:18:53] Sam Wilson: Right, right. Yeah. It's really interesting. And that's what we're seeing a lot, even, especially in the multifamily space. I hear a lot, have a lot of people come on the show and say, they'll say, Hey, you know, it's cheaper for us to build than it is to buy existing and then, and then do a value add, like we can just turn around and just push shovel on the ground and start ground up and have a better product for less money. Like, well, that's really interesting. [00:19:11] Kris Benson: For sure.  [00:19:12] Sam Wilson: Fantastic. Kris, I've really enjoyed this. Thanks for taking the time today to break down the self-storage market for us, what you guys are buying, how you've bought it. I love the clarification there around what a sophisticated operation or operator could look like, you know, and, and kind of giving some quick ideas on, you know, when you see a mom and pop operator, the things that it could be very, very easily improved. Yeah. Certainly appreciate that. Thanks for taking the time to share your story and just give us insight on what opportunities you see out there in the market. If our listeners want to get in touch with you or learn more about you, what is the best way to do that? [00:19:42] Kris Benson: Yeah, I think probably our website's best, reliant-mgmt.com, which is the abbreviation of management, or if you just Google Reliant Real Estate Management, you're going to find us, you can find our current investment opportunities, contact us, get in touch with our team, and learn a little bit more about the team and track record here. [00:19:59] Sam Wilson: Awesome, Kris, thank you again, certainly appreciate your time.  [00:20:02] Kris Benson: My pleasure. Thanks, Sam. 

Kris Benson is the CIO of Reliant Investments, a fund that purchases self storage and multifamily assets in the southeast united states.Kris Benson recognized that “just because all the dogs are barking at the same tree doesn't mean it is the right tree.” As Chief Investment Officer at Reliant Investments, he is confident in the risks he has taken, the career changes he's navigated and the “tree” he has established his investment platform on.After accepting his first job in sales “because I had diapers to buy,” Kris learned both the value and difficulty of cold calling while developing a “hunter” mentality at ADP. He joined the medical device industry with Covidien and later transitioned to Intuitive Surgical, famous for its DaVinci robot. Kris quit his corporate job and elected  to find a way to stop trading my time for money and to let my money make money. He launched his commercial real estate journey, appreciating the value of investing in tangible assets. Kris started investing in small residential units over 10 years ago and expanded to commercial multifamily properties before making the jump to self-storage.Partnering with Todd Allen, managing principal at Reliant Investments, Kris focuses his leadership and management skills on the commercial real estate company's investment committee, which determines what self-storage properties to purchase while growing equity and creating passive income streams for investors.Learn how to leave corporate america, hit financial freedom, and design your dream life through our FREE Action Academy EBOOK:  "From W2 to World Travel"https://w2toworldtravel.comNewsletter Link That Sends 10 AM TODAY: https://brianluebben.com/newsletterConnect with Us!Podcast Instagram: @actionacademypodcastPersonal Instagram:@brianluebben https://brianluebben.comhttps://www.krisbenson.comResources:GoBundanceAre you an accredited investor and want to learn more about GoBundance?www.gobundance.comBook a call to learn more: https://calendly.com/brianluebben/gobundance

Self storage is a real estate segment that appears to be unstoppable, even in an economic downturn. But how can passive, accredited investors participate in this growth story? Kris Benson, chief investment officer at Reliant Real Estate Management, joins the show to discuss self storage investment strategies and more. Show notes: https://altsdb.com/2022/06/self-storage-real-estate-at-scale-with-kris-benson/

Self-storage is an asset class that has stood the test of time. It is considered one of the most reliable asset classes even amid a downturn. In this #Highlights episode, we feature our conversations again with entrepreneurs Kris Benson and John Manes as they explain why self-storage is the best asset class to invest in.Kris talks about how he started in the real estate business and why he invests in self-storage. Meanwhile, John talks about some of the more technical aspects of his self-storage business, such as finding and structuring deals. Tune in now and find out why you should consider investing in self-storage today!

In this episode, you will learn: • Kris Benson's story • Kris' journey to his real estate investing career • About Kris' authentic relationships • Kris' different streams of horizontal income • What Kris does to stay healthy and functional • Kris' life happiness index score • What Kris is excited about today • Kris answers a random question from the GoBundance card game • How to learn more about Kris Benson • Plus, so much more! Before launching his successful commercial real estate investment career, Kris Benson recognized that “just because all the dogs are barking at the same tree doesn't mean it is the right tree.” As Chief Investment Officer at Reliant Investments, he works with institutional investors in the self-storage industry – confident in the risks he has taken, the career changes he's navigated and the tree he has established his investment platform on. After accepting his first job in sales “because I had diapers to buy,” Kris learned both the value and difficulty of cold calling while developing a “hunter” mentality. He joined the medical device industry with Covidien and later transitioned to Intuitive Surgical, famous for its DaVinci robot. After 12 years in the industry, Kris decided quality of life was more important to him than hitting sales targets. Before turning 30, Kris elected “to find a way to stop trading my time for money and to let my money make money.” He launched his commercial real estate journey, appreciating the value of investing in tangible assets. Kris started investing in small residential units, expanding to commercial multifamily properties before exploring self-storage as an “interesting asset class.” At Reliant Investments, Kris focuses his leadership and management skills on the commercial real estate company's investment committee, which determines what self-storage properties to purchase while growing equity and creating passive income streams for investors. Kris is recognized as a self-starter and team player who always wants the ball when time is running out. He loves to discover the “why” behind investments, challenges, and opportunities. His ultimate goal is to help people understand that there is no one route to success: In his words, “School = Job = Security = Retirement = Happiness doesn't have to be the path.” Investors and entrepreneurs, in particular, are afforded multiple opportunities to chart their own course, enjoying flexibility when it comes to work, travel, personal time and creating new goals. Focused on making the most of his own quality time, Kris loves to play – spending time outdoors mountain biking, skiing, boating, and hiking as well as coaching his son's lacrosse team. While listening to a podcast, he was struck by the words: Risk is the tariff paid to leave the shores of predictable misery. Kris' risks have paid off as he has charted his own course while building Reliant into an institutional quality investment platform.

"Some men see things as they are and ask WHY? I dream things that never were and ask, WHY NOT?" - Robert Kennedy  On this episode, Jake and Gino talk with Kris Benson. Kris is a managing principle at Reliant Investments, a subsidiary of Reliant Real Estate Management, a top 30 operator in the self-storage space. Kris oversees investor relations and equity contributions for Reliant's portfolio expansions. Kris shares how he left his job and started with his real estate business eventually getting into self-storage real estate. While listening to a podcast, he was struck by the words: Risk is the tariff paid to leave the shores of predictable misery. Kris' risks have paid off as he has charted his own course while building Reliant into an institutional quality investment platform. The key takeaways from the Podcast include the following: To raise capital, you need to have a track record and credibility to pitch investors. But what if you have just started. Check out what Kris advises. There is always something that can hold you back from making a deal, there is no perfect time to get started with real estate investing. Growth mindset doesn't look for problems, it looks for solutions. It looks opportunities in problems. Big money is not in buying and selling, but buying and waiting. That's how wealthy people think about real estate investing.   Listen to the podcast to learn more. Do you want to learn more about Multifamily Investing? Register this complimentary training now: https://bityl.co/6v71

HELLOOOOOO Mets Legends faithful! On this week's episode, Rob and Mike J. talk about the 2021 Bench Mob and Bench Mob's of yesteryear. Later on, Rob gets on a pedestal and calls out that old raggedy binch Tony La Russa. Finally, Rob and Mike talk about former Mets' pitcher Kris Benson and his frightening and dangerous wife Anna Benson and how she terrorized the world a decade and a half ago. As always we can be found on Twitter: @MetsLegends and @MetsLegendsCast. Thanks for tuning in! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

How do you sell 20% of your portfolio every year, and still maintain a thriving self-storage business? Kris Benson of Reliant Investments joins us on the podcast today to dive into just that. He breaks down how they're nearly doubling the size of a recent acquisition of North Carolina, exactly what they're doing to add value and force appreciation, and he and Dan discuss the merits of the fund model vs single asset syndication. If you want to scale a self-storage business and attract a lot of investors, this episode is right up your alley.

The Demand Drivers of storage and Kris Benson’s 4D’sUnderstanding self-storage and the value of an empty storageThe risks and the red flags that you should be aware ofDetermining potential micro-market and where to look forWhat does vertically integrated means and does self-storage has a property managementThe worse deals experienced and how it was handledThe 5-year syndication investment planLife and Money Impact Round:What is the one thing to do right now to live a meaningful and intentional life by design?Money hacks that will make an impact in others’ livesWhat is the one thing to do right now to make the world a better placeBOOK MENTIONEDWhat Would The Rockefellers Do? - Garret B GundersonABOUT  KRIS BENSONKris Benson is the Chief Investment Officer for Reliant Real Estate Management, one of the top 25 commercial self-storage operators in the U.S. in 2019.  As CIO at Reliant, Kris is a member of the company’s investment committee that is responsible for overseeing the company’s new acquisitions.  Kris also oversees the equity portion of Reliant’s capital markets and the investor relations team.In the last 12 months, the Reliant team has invested over $100MM in self-storage projects and raised over $50MM in equity primarily from a substantial retail investor network.Connect with Kris  BensonWebsite - Reliant InvestmentsLinkedIn - Kris BensonCONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

Joining us today is Kris Benson, is the Chief Investment Officer of Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past 5 years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Kris is part of the investment committee at Reliant and helps to develop institutional quality self-storage investment opportunities for accredited investors. Kris's investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris's steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Find complete show notes and more information at therichergeek.com/podcast

Before launching his successful commercial real estate investment career, Kris Benson recognized that “just because all the dogs are barking at the same tree doesn’t mean it is the right tree.” As Chief Investment Officer at Reliant Investments, he works with institutional investors in the self-storage industry. Reliant Real Estate offers accredited investors institutional quality self-storage investments. Reliant Real Estate purchased its first facility in 2005 and is currently a top 30 self-storage operator in the United States. Partner with an industry leader and experience the value of the self-storage asset class. ​Based in Roswell, GA, Reliant Real Estate has been committed to being a trustworthy and successful investment partner since 2009. We pride ourselves on our proficiency in the self-storage industry. Our dedicated team has years of experience in the field, staying ahead of the trends, acquiring highly valued properties, and providing our partners with the best possible return on their assets. Time and time again, we have met and exceeded industry benchmarks, making our exceptional track record the standard for the industry. ​Reliant Real Estate is proud to be your partner on this lucrative journey ahead. https://www.reliantinvestments.com --- Want to learn more about passive investing? Grab our FREE Course: https://www.passiveinvestorsclub.com/course Thank you and I appreciate you watching this video. Please like, subscribe, and share with others that you may find this valuable. Your comments are useful and help us generate better quality content based on your feedback. The Passive Investors Club is a community of like-minded individuals seeking financial freedom through passive investing in commercial real estate. More information about our club: https://www.passiveinvestorsclub.com  

Kris is the Chief Investment Officer for Reliant Investments a subsidiary of Reliant Real Estate Management. Reliant was one of the top 25 commercial self-storage operators in the U.S. in 2019. Kris shares some insight on how the impact of COVID-19 has impacted the self-storage asset class. Kris Benson Real Estate Background: Chief Investment Officer for Reliant Investments a subsidiary of Reliant Real Estate Management Reliant was one of the top 25 commercial self-storage operators in the U.S. in 2019 Reliant has completed over $650 Mil in self-storage acquisitions and disposition in the past 5 years Based in Roswell, GA Say hi to him at:   Best Ever Book:       for more info on groundbreaker.co  Best Ever Tweet: “You need to think about how the world is changing around us and where that may impact your strategy moving forward ” - Kris Benson

In today's show, Pancham interviews Kris Benson - chief investment officer for Reliant Investments which is a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Kris Benson saw the value in self-storage investing when he is looking for asset classes to invest in. He became part of the investment committee at Reliant, and in just 5 years, it has completed over $650,000,000 in self-storage acquisitions and dispositions! In today's episode, Kris shares everything you need to know about self-storage investing - its history, how it works, the market trends, locational strategy, and more! You'll also see why self-storage is the most valuable asset class so don't miss this episode!   Quote: “It's been a fun adventure kinda getting to this point. Storage is a really dynamic market right now.” Timestamped Shownotes: 1:23 - Pancham introduces Kris to the show 2:33 - How he got into the self-storage industry 8:10 - How self-storage works (and how its industry has evolved) 11:26 - The type of clients in the self-storage industry 13:38 - How location affects his investing decisions 16:44 - His analysis on the market trends amidst the pandemic 19:37 - The details of his first ground-up development 22:56 - How working out helps with his outlook and his success 25:46 - Taking the Leap Round 25:46 - His first investment outside of Wall Street 28:03 - Fears he overcame from his first investment 29:01 - How his investment in a healthcare company didn't work out 30:51 - Figuring out the type of investor you want to be 34:14 - Kris's contact information 3 Key Points: Self-storage is a recession-resilient investment that was able to adjust quickly to unfortunate events. Self-storage is about the convenience of clients that hate to get rid of their stuff. Finding the perfect location for self-storage is crucial in the industry. Get in Touch: Reliant Investments Website - https://www.reliantinvestments.com/ Kris Benson LinkedIn - https://www.linkedin.com/in/kris-benson/ The Gold Collar Investor Club  - https://thegoldcollarinvestor.com/club/ Pancham Gupta Email - p@thegoldcollarinvestor.com Books: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss - https://www.amazon.com/4-Hour-Workweek-Anywhere-Expanded-Updated/dp/B0031KN6T8/ref=tmm_aud_swatch_0?_encoding=UTF8&qid=&sr= Tribe of Mentors: Short Life Advice from the Best in the World by Timothy Ferriss - https://www.amazon.com/Tribe-Mentors-Short-Advice-World-ebook/dp/B071KJ7PTB/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=

On this show, we talked about the storage unit industry, how to evaluate investment opportunities, the impact of consolidation, and important variables to consider with Kris Benson, Chief Investment Officer with Reliant Investments.  Listen to learn how to get started investing in storage units!  For the Difference Making Tip, scan ahead to 16:41! You can learn more about Kris at ReliantInvestments.com, Facebook, YouTube and LinkedIn.   We’re honored to have been named one of the top podcasts from investing! We’re on YouTube, check us out! George is honored to be included on Investopedia's list of the Top 100 Financial Advisors for 2019! Have George speak to your organization. You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

In This Episode:How to pivot from a corporate job to full-time self-storage investorHow to find good opportunities and steer clear from the restThe state of the self-storage marketCap ratesHow RV sales predict recessionsGuest Info:Kris Benson is the Chief Investment Officer at Reliant Investments. Prior to joining Reliant, Kris worked at ADP where he developed his “hunter” mentality by cold calling clients daily. After reading Rich Dad, Poor Dad, Kris wanted to stop trading time for money, so he left his corporate job to pursue real estate investing. He eventually closed on a few resident units but pivoted to self-storage and partnered with Todd Allen at Reliant to grow their investor base, raise capital, and provide institutional quality investments to their partners.Contact Info:Kris' Website: https://www.krisbenson.com/Kris' LinkedIn: https://www.linkedin.com/in/kris-benson/ Resources our Guest Recommends:Rich Dad, Poor Dad by Robert KiyosakiShoe Dog by Phil KnightThe Self-Storage Almanac by Mini Storage MessengerAbout The Storage Investor Show:This show is about finding, funding, and closing self-storage dealsACTIVE investors will learn how to close self-storage deals and avoid mistakesPASSIVE investors will learn how to qualify deals, markets, and self-storage sponsorsDownload our self-storage pros and cons guide:https://cornerstonecapre.com/What do you want to hear?Tell me via email: kris@storageinvestorshow.com

Want to avoid mistakes in Long Distance Investing?  Download your FREE document at billykeels.com/7mistakestoavoid Episode 58: From Data to Dominating The Self Storage Space   In the conversation with today’s guest, Kris Benson, you’ll learn the following:   [00:28 - 02:57] Kris’s profile, in Billy’s guest introduction. [02:57 - 06:31] The backstory and decisions made that led Kris to this point in his journey. [06:31 - 09:10] What attracted Kris to move into commercial real estate versus his previous business. [09:10 - 11:21] Things that Kris learned from his sales experience which help in current real estate roles. [11:21 - 15:17] What exactly is the self storage space and what attracts investors to it. [15:17 - 20:15] Some of the investment strategies that can be played out in self storage. [20:15 - 22:58] The supply chain in regards to the self storage space.  [22:58 - 26:16] What questions should be asked by someone looking to get into the self storage space. [26:16 - 28:47] The meaning of Risk Adjusted Return. [28:47 - 31:00] The concept and practicalities behind raising funds for asset investment.  [31:00 - 33:26] Why Kris decided to invest beyond his own backyard.  [33:26 -35:00] The future of Kris’s company, Reliant Investments.   Here’s what Kris shared with us during today’s conversation: Where in the world Kris is currently: Roswell, Georgia. Favourite European city: Chamonix, France. The best thing to happen in the past 24hours: Had a great day with his wife watching their 14 year old son play his first Lacrosse tournament.  A mistake Kris would like you to learn from so you don’t have to pay full price for it: You need to just jump in, and deal with problems as they come rather than getting stuck in Analysis Paralysis. Book Recommendation: The Alchemist, by Paulo Coelho.   Be sure to reach out and connect with Kris Benson by using the info below:   Website: https://www.reliantinvestments.com  LinkedIn: https://www.linkedin.com/in/kris-benson  Start taking action TODAY so that you can gain more Education and Control over your financial life.   To see the Video Version of today’s conversation just CLICK HERE.   Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.   Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

David & I Discuss: How to Find Off Market Deals How to Build Your Best Lead List How Price & Competition in affects Your R.O.I   How to Find Motivated Sellers-Real Estate Podcast with David Lecko David Lecko, founder of the Deal Machine app, joins us on the REI Diamond Show to discuss How to Find Motivated Sellers using techniques including driving for dollars, direct marketing to absentee owners and other sellers with distressed property. The Deal Machine is a driving for dollars app that allows users to simply enter a property address while driving through a specific neighborhood, which then processes the public record for the mailing address and triggers a sequence of direct mail to the property owner. In addition to the Deal Machine design and use case, David & I also discuss a few common questions investors have when seeking the best deals in real estate. How to Find the Best Deals in Real Estate?   The best deals for a real estate investor to buy are distressed homes. In other word, you have to find deals on houses that need renovations. This is the real estate investors function in in society-to find distressed properties, purchase those properties, and complete a renovation. The end result is a renewal of the neighborhood. We should identify what is meant by a "good deal" for real estate investors. Anyone buying a distressed property needs to know their numbers: What is the repair budget needed to renovate the property, what is the property worth when complete, and how much can I pay the current property owner for this house and still make a profit? The key here is PROFIT. The best deals in real estate investing are done directly with property owners who are motivated to sell. This means they are motivated to sell for some reason, perhaps the condition of the house is very poor, or they have to sell very quickly to meet a deadline, or maybe their tenant has stopped paying rent and is squatting in the house. Whatever the reason, the motivated seller has decided they absolutely must sell their property. So how does one find these motivated sellers?   Well, by marketing directly to them, of course. Investors & real estate agents often market directly to sellers they believe may have a motivation to sell. While bulk you can purchase a bulk list of motivated seller leads, such as a delinquent tax list from list providers such as PropStream, David describes the higher value of developing a list of much more specific properties by driving for dollars. What is driving for dollars and how does it work?  Driving for Dollars is exactly what it sounds like. You're driving neighborhoods looking for distressed houses that would make a good deal for two reasons: the house needs work and the owner might be interested in selling their home. You can use the Deal Machine to track your route, instantly upload photos along with those specific addresses, as well as trigger your real estate marketing right from the road. Then anytime you need another deal, you simply trigger another round of mail to the leads in your Deal Machine App What’s the Best Way to Find Motivated Seller Leads for Real Estate?  David's favorite method of finding motivated seller leads is to hire a team of hourly reps to continuously drive neighborhoods and add leads to his Deal Machine of distressed properties. You can quickly copy this scale strategy of driving for dollars by hiring your own team of drivers. Listen to the full REI Diamonds Show episode on the Deal Machine, Driving for Dollars, & finding motivated sellers here.     Relevant Episodes: (There are 171 Content Packed Interviews in Total)  Owning & Operating 4,500 Apartment Units with Mark Kenney https://youtu.be/HUMlFhhN6vE Benefits of Scaling to $350 Million in Self Storage with Kris Benson https://youtu.be/oX4amIr6hJ4 From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI   Resources Mentioned in this Episode: www.REIDealMachine.com  

Kris Benson, Chief Investment Officer. Reliant Investments. LLC https://www.reliant-mgmt.com/ Kris Benson, operates the Reliant Saratoga Springs, New York office, and has primary responsibility for managing Reliant Investments, a subsidiary of Reliant Real Estate Management. Mr. Benson raises and manages the equity contributions for the Reliant portfolio's expansion. Mr. Benson, an executive sales professional brings a wealth of knowledge from his ownership and experience in the commercial multi-family arena. Prior to joining Reliant he worked for Intuitive Surgical, developer of the daVinci surgical robot. Mr. Benson graduated from the State University of Binghamton. Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management. Listen to our Podcast: https://thealternativeinvestor.libsyn.com/ Subscribe: http://thealternativeinvestor.libsyn.com/rss Visit our website: https://carolinahardmoney.com YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww/ Facebook: https://www.facebook.com/CarolinaHardMoney/

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past 5 years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Kris is part of the investment committee at Reliant and helps to develop institutional quality self-storage investment opportunities for accredited investors. Kris’s investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris’s steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Kris graduated from the State University of Binghamton and currently lives in Roswell, GA just outside of Atlanta, with his wife Jenn and two sons, Noah and Luke. He is an outdoor enthusiast with a passion for the ski mountain, the lake, and his mountain bike. (00:01-04:59) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Kris Benson - Kris shares something interesting about himself (05:00-29:12) The Journey to Real Estate Investing and Self-Storage Industry - Kris tells why he chose to invest in real estate - The path Kris started in real estate - How and why Kris moved to self-storage investing - Why Self-storage is better than single-family homes - Difference between self-storage from residential homes and commercial offices - How does U-hauling works? - What are the things a person can upsell? - Any truck requirements? - How is self-storage performing amidst Covid19? - Rental rates in the SouthEast market - Kris' best deal - Any worst deal Kris has experienced? - Risk in self-storage (29:13-29:30) Break (29:31-29:39) Second Segment - Welcoming listeners and guest back to the show (29:40-39:40) Fire Round - Will Kris change his business strategy after Coronavirus? - Favorite real estate, finance, or other related books - Tool or website Kris recommends - Kris' advice to beginner investors - How does Kris give back? - How can Wealth Matters Podcast listeners reach out to Kris? (39:41-39:57) Closing Segment Reach out to Kris by visiting his website https://www.krisbenson.com/

Have you ever thought of investing in a self-storage space? Our today's guest in Expert Insight Interview is Kris Benson, and he will discuss the benefits of investing in self-storage space as a part of the real estate investment market.

Kris Benson is a full time real estate investor, operating self-storage all across the country. In this episode we talk about how he got involved in real estate, how he bought a group of duplexes, but decided that he didn’t really like that asset class because he wasn’t able to scale; how he then decided to jump into multifamily by developing and constructing a 64-unit multifamily complex in a town which has not seen development in almost 30 years; and finally how he transitioned from that into the self-storage world. Kris is also operating Reliant Fund and raising 50 millions right now, so he shares how you can get involved in the self-storage world across the country if you are an accredited investor.   What We Cover:  How and why Kris got into real estate at the age of 29 Finding opportunity for development in an unlikely town in the US What is multifamily syndication Investing in mobile home parks vs. self-storage How Kris analyzes self-storage micro-markets How to keep self-storage relevant and are there any value add opportunities there Predicted growth of the self-storage market How Kris’s Reliant Fund operates  Resources:  https://www.krisbenson.com/  Invest with Kris https://www.krisbenson.com/investwithkris  Connect with Kris https://www.linkedin.com/in/kris-benson/  Interested in real estate investing? Get in touch with Brad Smotherman at https://www.bradsmotherman.com/

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. FULL EPISODE COMING SOON!!

Kris Benson is the Chief Investment Officer for Reliant Investments.  They are a top 25 commercial self-storage operators in the US and as a result, have done over $650,000,000 in acquisitions.  Kris shares what makes self-storage a good investment.  Why self-storage is recession resilient.  The tax benefits of investing in real estate and deferring taxes until you die. And much more.

Scott & I Discuss: Self Storage as a Recession Proof Investment Opportunity Zones & PACE Funds Market Selection Techniques     Relevant Episodes: (There are 167 Content Packed Interviews in Total) Owning & Operating 4,500 Apartment Units with Mark Kenney https://youtu.be/HUMlFhhN6vE Benefits of Scaling to $350 Million in Self Storage with Kris Benson https://youtu.be/oX4amIr6hJ4 From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI   Resources Mentioned in this Episode: www.REILeadMgmt.com  

This episode explores a new topic that we have not covered on the podcast previously - Self Storage. We talk with Kris Benson who share his story of transitioning from Small Multi-family investment to investing in Self Storage.

Hello everyone. Welcome back to CEO Secrets. I am excited about our guest today. He is an expert when it comes to investing. Let's welcome Kris Benson. Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past five years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Let us learn today from Kris about investing in real estate on secondary markets and self-storage facilities. Top Takeaways: 1. Why Kris transitioned from multifamily to self-storage (7:09) 2. Why significant funds are investing in secondary markets (11.32) 3. Why invest in Self-Storage space? (12:00) 4. How do you add value to storage space? (16:45) 5. The biggest hurdle in self-storage investing (23:08) 6. Tax strategy for Self-storages (28:39) 7. What is cost segregation (29:52) Episode transcript: https://docs.google.com/document/d/1NLk82p6quO6biX1UuOE9GE4edB4vMf0YQnskI6o5h10/edit?usp=sharing

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real... show notes at HouseDudesPodcast.com We chat about: Investing in Real Estate Self-Storage Historical Performance and Future Outlook Why Invest In Self-Storage Tax Advantages of Real Estate This episode is brought to you by Express Mask Delivery (available in Apple App Store or Google Play App Store) Use code Jack to take advantage of any special offers for the House Dudes Podcast Listeners.

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past 5 years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Kris is part of the investment committee at Reliant and helps to develop institutional quality self-storage investment opportunities for accredited investors. Kris’s investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris’s steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. We chat about: Investing in Real Estate Self-Storage Historical Performance and Future Outlook Why Invest In Self-Storage Tax Advantages of Real Estate This episode is brought to you by Express Mask Delivery Add some value to your residents and make extra income from your rental properties!  Express Mask Delivery (don't forget to use the code Jack): Apple App Store Google Play App Store Make sure to use the code Jack to take advantage of any special offers for the House Dudes Podcast Listeners. Want to work with us? Head over to HouseDudes.com for more information. If you have any thoughts or questions shoot us an email at info@housedudes.com. You can also find us on Facebook, Instagram, and Twitter @HouseDudes Please subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow. Patreon: https://www.patreon.com/housedudes Facebook: https://www.facebook.com/HouseDudesPodcast/ iTunes: http://bit.ly/HouseDudesiTunes Google Play: http://bit.ly/HouseDudesGooglePlay YouTube: http://bit.ly/HouseDudesYouTube Stitcher: http://bit.ly/HouseDudesStitcher SoundCloud: http://bit.ly/HouseDudesSoundcloud Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real... show notes at REIMastermind.net We chat about: Investing in Real Estate Self-Storage Historical Performance and Future Outlook Why Invest In Self-Storage Tax Advantages of Real Estate This episode is brought to you by Express Mask Delivery (available in Apple App Store or Google Play App Store) Use code Jack to take advantage of any special offers for the House Dudes Podcast Listeners.

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past 5 years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Kris is part of the investment committee at Reliant and helps to develop institutional quality self-storage investment opportunities for accredited investors Kris’s investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris’s steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Kris graduated from the State University of Binghamton and currently lives in Roswell, GA just outside of Atlanta, with his wife Jenn and two sons, Noah and Luke. He is an outdoor enthusiast with a passion

Self-storage is a fast-growing sector of commercial real estate that has been called ‘recession-resistant’. Today’s guest is Kris Benson, a Chief Investment Officer for Reliant Investments, which is a subsidiary of Reliant Real Estate Management and was named one of the top 30 commercial self-storage operators in the US in 2018. Investing in real estate has been in Kris’s steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. In this episode, Kris unpacks what he thinks makes self-storage recession-resistant, and what attracted him to this asset class in the first place. We also discuss some of the challenges when investing in self-storage and how Kris’s company adds value to their self-storage units, depending on the client. Kris goes into detail about rent increases, ground-up developments versus existing properties, and the existing lending structures for self-storage, and we end off the show with the final four questions from Lalita to get to know Kris a little better. Tune in today!Key Points From This Episode:Kris introduces himself and explains how he got into self-storage.The reasons Kris was attracted to the self-storage asset class.What about self-storage makes it a ‘recession-resistant’ asset class.Some of the challenges when dealing with self-storage.Kris’s sweet spot in terms of the size of self-storage units.How Kris’s company adds value to self-storage properties, depending on the client.The frequency and cost of rent increases.Purchasing existing properties and expanding vs. ground-up developments.Existing lending for self-storage.The one tool Kris cannot do without as a real estate investor.Kris’s biggest mistake in real estate investing and the main takeaway for listeners.What Kris needs to do now to grow his life to the next level.Tweetables:“I think [self-storage is] a little bit unique in that it’s very much an operating business first, with a real estate component” — Kris Benson [0:11:11]“The best descriptor of us is we’re opportunistic… if we can make it make sense for us and our investors, we are going to do our best to make it work” — Kris Benson [0:17:55“I am a huge believer that when you are investing in real estate you are essentially investing in the people” — Kris Benson [0:20:32]Links Mentioned in Today’s Episode:Reliant InvestmentsKris Benson on LinkedInNational Association of REITsWayne Patton’s Asset ProtectionAPT Capital GroupAPT Capital Group - YouTube Channel

Before launching his successful commercial real estate investment career, Kris Benson recognized that “just because all the dogs are barking at the same tree doesn't mean it is the right tree.” As Chief Investment Officer at Reliant Investments, he works with institutional investors in the self-storage industry – confident in the risks he has taken, the career changes he's navigated and the tree he has established his investment platform on.

What you’ll learn in just 17 minutes from today’s episode: Find out Kris’ reasons why self-storage facility is one of the best ways to start investing in real estate  Find out the problem self-storage help solve and why that helps it to perform quite well even amidst the pandemic  Learn about the compelling reasons for Kris’ shift from previous investment strategies to self-storage Resources/Links ReliantInvestments.com Summary: Kris Benson quit his “corporate job and elected “to find a way to stop trading my time for money and to let my money make money.” He launched his commercial real estate journey, appreciating the value of investing in tangible assets. Kris started investing in small residential units over 10 years ago and expanded to commercial multifamily properties before making the jump to self-storage.  Partnering with Todd Allen, managing principal at Reliant Investments, Kris focuses his leadership and management skills on the commercial real estate company’s investment committee, which determines what self-storage properties to purchase while growing equity and creating passive income streams for investors.  In this episode, Kris explains why the self-storage sector has performed well, even in this COVID time, compared to other asset classes.  Topics Covered:  00:54 – What is interesting about self-storage facility to invest in real estate  03:19 – How self-storage started  04:06 – The four D’s self-storage facility helps solve  06:17 – What storage facility do they focus on  08:25 – How do they plan to sell facilities that they added value on  09:30 – What made him got hooked with self-storage   12:29 – How will self-storage facility be affected if ever the economy turns worse  14:02 – If someone defaults in paying rent, how long is the storage be up for auction  Key Takeaways:  “If you look at the historical performance of self-storage comparatively with multifamily, office, retail, and industrial, it has outperformed all of them in the last 25 years.” – Kris Benson  “I’m a big believer that things that are going to happen have already happened, you just have to look in the past to find them.”  – Kris Benson  “The problem that self-storage is essentially solving is giving you space and allowing you to organize. – Kris Benson “Storage is like an operational business with a real estate play on the side.” – Kris Benson  “From my perspective, I believe that storage is somewhat insulated because it’s a small percentage of your monthly income and you’re collateralized by your stuff. Most people don’t want to get rid of it.” – Kris Benson  Connect with Kris Benson:  reliantInvestments.com   LinkedIn  Facebook  Connect with Dave Dubeau:  Property Profits Podcast  www.davedubeau.com  www.investorattractiondemo.com  Facebook  LinkedIn  Enjoyed the Podcast? Please subscribe on iTunes for updates

How to evaluate a self storage property? What do self storage REITs look for when buying new properties? Kris Benson, Chief Investment Officer for Reliant Investments shares some insights into this recession resistant asset class. You can read this entire interview here: https://montecarlorei.com/how-to-evaluate-a-self-storage-property-what-do-reits-look-for-when-buying-new-properties/ What are some of the things that you look for in a property before making an investment? Where we start is the market and we’re looking at very similar demographics to what you may look for any asset class. Traffic count is a big one, understanding how many cars are going by per day in storage is interesting in that the market is really the one, three, and five mile radius around your facility. That’s the data that really matters. Because people typically are not traveling too much farther than that to come to a storage facility. We don’t have amenities, it’s a garage. There’s not necessarily specific amenities people will travel to like they may for a multi-family property or an apartment. Population growth, job growth, average income, median household value, those are some of the pieces that we’re looking at to understand who the potential tenant may be, and the strength of the market. And then, a big component of it is understanding the competitive set in that particular market as well. Who are the competitors going to be? Are they going to be institutional REITs or is it going to be a mom and pop competitive set? So we try to build a story around each one of the properties we’re purchasing. So it’s a number of different data points that we bring together. What are some of the ways that you add value, or look at adding value in a particular property? On our side it’s different for each property that we are looking at. We don’t go into a particular value add strategy and it’s the same for every property. We’ve sold 36 properties, and the majority of those have been sold to the REIT’s. So we look at each property with a lens of what our exit could be. Sometimes we may go into a facility that’s cash flowing currently, and maybe it’s been operated by a mom and pop owner and they have some additional acreage that they’ve not capitalized on and we may build it do an expansion. We could build an additional 15,000 square feet and get that leased up. Our goal is to try to grow the NOI on that particular property. That can be one value added strategy. What’s interesting about storage is that the marketplace is very fragmented. The REIT’s own about 20 to 25% of the market and the rest is very much fragmented between regional operators like us at Reliant, and operators, like mom and pop shops who have one or two facilities. And usually in those mom and pop operated facilities, there’s a lot of low hanging fruit to glean additional revenues. And so sometimes the value add is building out some ancillary income streams like doing U-Haul truck rentals, or a retail component where we’re selling locks boxes, those types of items where maybe the mom and pop operator just didn’t capitalize on that opportunity. So, we look at each property differently and then as we underwrite we add what that value add is, or business plan may be. When you look at exiting to a REIT, what do they look for in your properties when they are purchasing them? Typically they’re looking for a market presence in an area that they think has upside, that will help them grow their portfolio, where they don't take construction risk. Kris Benson https://www.reliantinvestments.com/ Subscribe to our newsletter here: http://montecarlorei.com/ --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support

Show notes:Kris started his real estate investing journey like most investors, after realizing that his W2 was his only stream of income - he wanted to diversify into other streams. From there Kris was able to build a portfolio of 22 units consisting of single family or small multifamily properties all while working his W2 job. After getting to 22 units Kris had a mindset shift, wanting to move into more bigger deals. He was able to segway into a 64 unit ground up commercial deal. After successfully completing this project, Kris knew that he wanted to continue on commercial investing - but had stumbled upon self storage buildings. After diving deeper into self storage he knew that was the asset class he wanted to be in.Today, Kris is with Reliant Investments as the Chief Investment Officer. Kris leads and manages the company's investment committee, which determines what self storage properties to purchase with their investors. Along with being part of this community, Kris also manages the investor relations securing capital at Reliant Investments.On this episode you'll learn:-Kris' W2 story and his shift into Real Estate-The mindset shift into bigger deals-Ground up development-Syndication Investing-Why self storage is a strong asset class-Value Add techniques for Self Storage-Investing tips as a limited partnerContact Info:Website: https://www.krisbenson.com/LinkedIn: https://www.linkedin.com/in/kris-benson

Have you ever thought about investing in real estate, but don't have the knowledge, education, or blueprint to get started? Fearless Flipping is your answer! Learn powerful tips, tricks, and practices from expert investors on how to get started and create financial freedom with real estate investing. Our weekly shows will empower you to conquer real estate investing!

One of the asset classes that’s expected to hold up well during this Coronavirus Pandemic is Self-Storage.  In fact, it tends to do well no matter how the economy is performing.  Today we’re going to take a look at the factors that make Self-Storage so attractive and help you understand how to successfully invest in this sector. And here to take a deep dive into this strategy is Kris Benson, the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, which is one of the top 25 commercial Self-Storage operators in the U.S.  Reliant has completed over $650 Million in Self-Storage acquisitions and dispositions in the past 5 years. We’ll also be discussing what it takes to put together a $50 Million fund, and Kris’ role in raising money for Reliant’s portfolio. For those of you who are syndicators or raising money for your own fund, you’ll definitely benefit from learning how Kris raises money from investors, how Reliant structures their investment opportunities, and the finer details of valuing every investor’s share in the fund. You can contact Kris through www.reliantinvestments.com or linkedin (Kris Benson)

Ali & I Discuss: Birth & Death of Turn Key Rentals in Many Markets Best Markets in U.S. for Expected Appreciation Importance of Buying Right How to Mitigate Risk of Buying from the Wrong Provider   Relevant Episodes: (There are 149 Content Packed Interviews in Total)  Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams Get FREE ACH Payment Processing on Rentals with Eachan Fletcher Sakar Kawle on Building a 200 Unit Portfolio in Baltimore Benefits of Scaling to $350 Million in Self Storage with Kris Benson   Resources Mentioned in this Episode: www.HipsterInvestments.com/diamonds  

In this episode, we ask: Are storage units going to be around awhile? Who is Kris Benson? What about the trading time for money model? How did Kris get into real estate? How did Kris niche down? Where are the markets for self storage? How many self storage units are there? What mindset do people...

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 30 commercial self-storage operators in the U.S. in 2018. Kris is part of the investment committee and develops institutional-quality self-storage investment opportunities for accredited investors. Kris's investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris's steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Key PointsContinuously pushing yourself out of your comfort zone Finding your strengths and playing to those Finding motivation beyond money Building a portfolio of small multifamily properties, then scaling with syndication Three pillars – returns, protection, opportunity Investing in self-storage Lightning QuestionsWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it? Fear and lack of knowledge. By taking advantage of self-education resources like BiggerPockets, and then taking action, Kris was able to get started. Do you have a personal habit that contributes to your success? Kris figures out what needs to be done and then executes it. Do you have an online resource that you find valuable? https://www.therealestatecrowdfundingreview.com/ (Ian Ippolito – The Real Estate Crowdfunding Review) https://www.biggerpockets.com/ (BiggerPockets) What book would you recommend to the listeners and why? https://amzn.to/2yhM2RG (Shoe Dog) – Phil Knight If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Do it sooner! The best tool in all of investing is time – take advantage of it. Resourceshttps://www.reliantinvestments.com/ (Reliant Investments) http://krisbenson.com/ (KrisBenson.com) https://www.linkedin.com/in/kris-benson/ (Kris' LinkedIn Profile ) https://www.reit.com/data-research (National Association of REITs data) Visit https://www.amazon.com/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial, and a free audiobook download

Richard & I Discuss: Types of Deals Family Offices Seek How to Get Tossed from a Family Office How to Set up a Family Office, if You’re Already Wealthy Preparing Your Pitch for Family Office Investments Relevant Episodes: (There are 147 Content Packed Interviews in Total) Benefits of Scaling to $350 Million in Self Storage with Kris Benson From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt Sakar Kawle on Building a 200 Unit Portfolio in Baltimore Litigation Finance-How to Fund a Million Dollar Lawsuit with Roni Elias   Resources Mentioned in this Episode: www.FamilyOffices.com  

Having a tough time throwing away all your extra junk... sorry - treasures? You are not alone. Everyone else has this problem too. This is one of the reasons that the trend in self storage investing has been experiencing a great run over the past 25 years, outperforming many other real estate sectors. Are you investing in self storage units? Kris Benson discusses what you are missing out with self storage investing and why you have not heard of these interesting trends in this space. Join us this week to learn why you should consider this sector. For more information, visit the show notes at https://moneytreepodcast.com/272

Roni & I Discuss: Roni’s Experience in $9 Billion of Litigation Risk of Insurance Company Payout for RE Investors Financing a Lawsuit with Zero Cash out of Pocket Background in Building $500 Million Comm. RE Portfolio   Relevant Episodes: (There are 143 Content Packed Interviews in Total) Ian Walsh on Why Your Offers are NOT Getting Accepted Benefits of Scaling to $350 Million in Self Storage with Kris Benson Get FREE ACH Payment Processing on Rentals with Eachan Fletcher Dan Breslin on Raising Private Money for Single Family Flips

After accepting his first job in sales, Kris learned both the value and difficulty of cold calling while developing a “hunter” mentality. He joined the medical device industry with Covidien and later transitioned to Intuitive Surgical, famous for its DaVinci robot. Now, as Chief Investment Officer at Reliant Investments, Kris Benson works with institutional investors in the self-storage industry – confident in the risks he has taken, the career changes he’s navigated and the tree he has established his investment platform on. Kris Benson, an executive sales professional, brings a wealth of knowledge from his ownership experience in the commercial multi-family arena. His ultimate goal is to help people understand that there is no one route to success: In his words, “School = Job = Security = Retirement = Happiness doesn’t have to be the path.” Investors and entrepreneurs, in particular, are afforded multiple opportunities to chart their own course, enjoying flexibility when it comes to work, travel, personal time and creating new goals. https://www.reliantinvestments.com/ https://www.krisbenson.com/ Leave a review for Monumental on iTunes: www.bit.ly/eholladay Subscribe to the podcast and emails from Evan: www.evanholladay.com Follow Evan on Instagram: www.instagram.com/evanholladay Follow Evan on Facebook: www.facebook.com/EvanHolladay Follow Evan on Twitter: www.twitter.com/EvanHolladay Contact Evan: www.evanholladay.com Interested in passively investing in cashflowing multifamily real estate? Fill out the investor form at www.holladayventures.com and join our Monumental Investing Club. If you are looking to get into your first multifamily investment property but feel like you need help, then go to www.coachwithevan.com and let’s hop on a call and see how I can best help you achieve you big multifamily goals!

Kris Benson, is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management. Reliant Real Estate is one of the top 30 commercial self-storage operators in the U.S. in 2018. As chief investment officer at Reliant, Kris is a member of the company's investment committee that is responsible for overseeing the company's new acquisitions. Kris also is responsible for investor relations and working with accredited investors to raise the capital needed for Reliant's acquisition of new self-storage properties. Kris is an investor in commercial multifamily as well as commercial self-storage and currently has over 570 units in his portfolio. While commercial multifamily is a great asset class, he believes the opportunity right now is in self-storage. In the last 12 months the Reliant team has invested over $96MM in self-storage projects and raised over $38MM from investors. Self-Storage provides a unique opportunity to invest in one of the most successful asset classes in the past 5 years and take advantage of the institutional interest moving forward. During the show we discuss… What you need to know before starting your own self storage Why consider self-storage investing Why there is so little competition in this asset class How you can earn high returns with self-storage How to best monetize properties How to make money with storage without doing the work The type of returns self-storage produces The upside of investing in a tangible asset like commercial self-storage Risks involved in self-storage investment The importance of location in self-storage Building or buying storage units How quickly you can make money with self-storage How to decide how long to keep a property for The improvements to consider to increase the value of the facility How the next recession could impact self-storage How to earn 65% returns with this asset class Why self-storage is so much better than residential investing The future of self-storage in real estate And much more...

Manuj Aggarwal and Kris Benson talk about self-storage business, real-estate investment, and much more in this new episode of Bootstrapping Your Dreams Show. What are you waiting for? Tune In Now! In this episode, we will learn about: · Making time for things we love to do· The self-storage business· Getting started in the real estate industry· Launching your own business· Typical mistakes novice entrepreneurs do· Setting up your mindset to succeed as an entrepreneur· Getting the first customer· Typical mistakes entrepreneurs make About Kris BensonKris is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, and one of the top 30 commercial self-storage operators in the U.S. in 2018. Kris is part of the investment committee and develops institutional-quality self-storage investment opportunities for accredited investors.Kris's investing goals have always been about changing the paradigm of trading time for money to have time for more of the things we love to do. Likewise, investing in real estate has been Kris's steadfast path to passive income, and he is passionate about inspiring others to change their mindset around investing for their future.Kris graduated from the State University of Binghamton. He currently lives just outside Saratoga Springs, NY, with his wife Jenn and two sons, Noah and Luke. He is an outdoor enthusiast with a passion for the ski mountain, the lake, and his mountain bike.  Links And Mentions From This Episode:· Kris's websites : https://www.reliantinvestments.com/  http://krisbenson.com· TetraNoodle consulting services: www.bootstrapping.group· TetraNoodle professional training: https://courses.tetranoodle.com  Thanks for Tuning In!Thanks so much for being with us this week.Have some feedback you'd like to share? Please leave a note in the comments section! Enjoyed the episode? Kindly share it with your friends.Don't forget to subscribe to the show on iTunes to get automatic episode updates for our "Bootstrapping Your Dreams Show!" 

If you've ever wondered how the Self Storage space works, this will be a very enlightening episode for you! Kris Benson is a man who started off in sales, did a side hustle as a residential investor, then kept moving up to bigger and better asset classes. Now Kris raises capital from institutional investors to fund Self Storage projects all across the country. Aside from the deep dive into the Self Storage industry, this is a wonderful conversation with someone who took some very calculated risks, listened to his intuition, and played to his strengths. Prepare to be inspired! Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526 Learn more about Kris at krisbenson.com reliantinvestments.com https://www.linkedin.com/in/kris-benson/ Visit Our Website To Learn More About How We Handle True Turnkey Properties: https://highreturnrealestate.com/ Follow us on Social: https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526 https://www.facebook.com/HighReturnRealEstate/

Kris & I Discuss: How to Select the RIGHT Asset Class for Investing Buying the RIGHT Property is a Sharp-Shooter skill Evolution of Self Storage Business to 2nd Generation Knowing this is “Retail” as much/or more than Real Estate Relevant Episodes: (There are 139 Content Packed Interviews in Total) Ian Walsh on Why Your Offers are NOT Getting Accepted Dave Orloff on Financing Rentals & Fix & Flip Deals Anna Barsky on Deferring Capital Gains Dan Breslin on Raising Private Money for Single Family Flips Resources Mentioned in this Episode: www.KrisBenson.com

 Click Here To Listen/Download Full Episode of the Podcast Kris Benson, operates the Reliant Saratoga Springs, New York office, and has primary responsibility for managing Reliant Investments, a subsidiary of Reliant Real Estate Management. Mr. Benson raises and manages the equity contributions for the Reliant portfolio's expansion. Mr. Benson, an executive sales professional, brings a wealth of knowledge from his ownership experience in the commercial multi-family arena. Prior to joining Reliant, he worked for Intuitive Surgical, developer of the daVinci surgical robot. Mr. Benson graduated from the State University of Binghamton. Kris's investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris's steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. For more on Kris: www.reliantinvestments.com kbenson@reliant-mgnt.com Go to www.yarusiholdings.com  for more info and free give aways!   Our Sponsor: Your Capital Partner Alpha Funding Solutions Backing real estate investors since 2007 providing the best combination of pricing and leverage in the market. Join our family of 1k plus successful and happy investors.  Let our team provide options on you next deal or reach out to discuss your future needs and strategy CONNECT OR SUBMIT A DEAL:  https://alphafunding.com/JandP/ Investing for Lifestyle and Legacy: https://lnkd.in/gmu8-BR For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu    Subscribe Us On YouTube: http://bit.ly/2ONsX56 Subscribe Us on Libsyn: https://thereifoundation.libsyn.com/ Rate This on iTunes : https://apple.co/2Xp8cjU Podcast on YouTube: https://youtu.be/CaSrE35swnk See acast.com/privacy for privacy and opt-out information.

On today's episode, we are joined by Kris Benson to talk what managing and running the equity arm of Reliant entails. Having worked in sales for many years, Kris's foray into real estate investing and subsequently turning it into a new career, happened organically. As a result of having been on both sides of the table, Kris understands what the investors and syndicators are looking for.

Kris Benson is the Chief Investment Officer of Reliant Investments, the 25th largest self-storage operator in the US. Kris shares why real estate investing, why self-storage as well as mindset and business lessons he gained while leaving a corporate job to build a business that now creates tremendous stability and returns for he and many investors.

In this episode of the Real Estate Investing for Cash Flow podcast, Kevin talks to real estate and self-storage expert, Kris Benson. Kris is a managing principle at Reliant Investments, a subsidiary of Reliant Real Estate Management, a top 30 operator in the self-storage space. Kris oversees investor relations and equity contributions for Reliant’s portfolio expansions. In this podcast, Kris shares his inspiring decision to leave his job and pursue business in real estate. He explains how and he got into self-storage real estate and talks about advantages of getting into this asset class. Kris also talks about his involvement with Reliant real estate management and explains how and why he stays with the company. Kevin and Kris dive further into self storage real estate and discuss the current market in comparison to other asset classes. Kris shares some perspective on the business and talks about value-adds, supply and demand, the risks, opportunities and other things to be considered when acquiring space for development. Kris also tackles marketability and pricing in this highly competitive and dynamic market. QUOTES: “I’m a big believer that everything in the market that’s going to happen has happened in the past and so for us, it was a function looking at what happened in the last recession and understanding how the asset class was affected.” “My role is managing and kind of institutionalizing he equity arm of our business so that as we’re growing our portfolio, we have access to equity along the way.” “At some point, you have to jump in, even if you’re uncomfortable, that’s where you’re going to do the most learning.” “Our sweet spot really is not too similar than multifamily where you’re trying to find kind of that C property in a B+ or A area.” “Our pricing definitely changes depending on what we’re seeing because when a facility opens up, most of the time they’re going to drop the rates to get you in the door, and then slowly burn off those discounts and concessions as they go.” HIGHLIGHTS: 6:07 Kris shares his background and perspective on deals 9:58 How Kris got into the self storage asset class 15:26 Kris’s involvement with Reliant Investing 21:56 Kevin and Kris talk about self-storage space 34:18 Retrofit projects 39:40 Self-storage pricing 43:57 Buying opportunities   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 https://www.reliant-mgmt.com www.reliantinvestments.com www.krisbenson.com Review and Subscribe

On this episode the Tech Guys Who Invest learn all about investing in self-storage facilities with expert Kris Benson. Self-storage is a profitable asset class and Kris explains all about it in this interesting episode! Can you guess the craziest thing his team has found in a storage unit? To view the full show notes go to tgwipodcast.com/kris-benson

From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes.Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof!Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content.Download today!In This Episode We Cover:Why he transitioned out of a successful sales careerHow he got started with a duplex and built up to a large commercial real estate portfolioHow he acquired 20 small multifamily units—and hated itHow he built a 64-unit apartment complex from the ground upHow he got involved in a condo syndication projectHow he began finding the right partners to build multifamily projects withHis theory on “deals create deals”Why he now invests in self-storageWhere to find data on self-storage and REIT’sWhy he believes self-storage is recession-proofHow the best opportunities in his life have come from cold calls to property owners or friendsHow he learned his skillset and why he sticks to itHis advice for raising money from othersAnd SO much more!Links from the Show:BiggerPockets ForumsKris's first BiggerPockets Forums PostBiggerPockets StoreBiggerPockets ShirtsMindy's BiggerPockets ProfileBiggerPockets Money PodcastBuck ConstructionApartments.comCity Point CapitalBiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe FairlessUpWork

From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes. Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof! Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content. Download today! Click here to listen on BiggerPockets.

On this week's episode of 'Giant Mess', Giants-Mets fan Neal Lynch talks about... 1:08 - 13:06 - The Sopranos Season 3 - Carmela in therapy, Meadow & Noah (but not Caitlin?), Meadow & Jackie, Jr., Tony and Gloria (Annabella Sciorra), Ralphie beating 20-year-old baby mama to be and stripper Tracee to death, Tony getting the most aggressive beej of all-time, do the producers hate “Gladiator”?, and is Breaking Bad better? 13:07 - 37:19 - The anniversary of Saving Private Ryan (1998), Harold and Kumar Go To White Castle (2004), The Village (2004), Once Upon a Time in Hollywood hit theaters, date night with the wife, Cheesecake Factory, Zombieland 2: Double Tap trailer, Cold Pursuit review (Laura Dern, Emmy Rossum and her veteran cop partner, the actor who played “Viking”, the “son for a son” ending, Elway vs. Manning, and the $20 bill move at the motel). 37:20 - 46:46 This Week in Mets History (Vince Coleman, Anthony Young, trading Carlos Beltran for Zack Wheeler in 2011, Jeff Kent and Jose Vizcaino for Carlos Baerga in 1996, the infamous 2004 trades that brought Victor Zambrano for Scott Kazmir and Kris Benson for Jose Bautista plus Ty Wigginton, and Mike Piazza inducted in the Hall of Fame in 2016). 46:47 - 1:00:43 - Mets have the most negative contract value in Major League Baseball, the 4-year anniversary of Wilmer Flores crying on the field (2015) and the several players acquired in and around the trade deadline to finish strong that season, the Marcus Stroman trade (https://neallynch.com/2019/07/29/marcus-stroman-mets-trade-2004-benson-zambrano-kazmir/), Diaz going to the Red Sox, the Jason Vargas trade. 1:00:44 - Giants training camp off to a horrendous start due to The Curse of Odell Beckham Jr. (https://neallynch.com/2019/07/26/ny-giants-wide-receivers-obj-curse/), Sterling Shepard fractures his thumb, Corey Coleman tears his ACL, Golden Tate’s suspension for PEDS (https://neallynch.com/2019/07/29/golden-tate-suspension-curse-of-odell-beckham/) and who will step up to fill the void (Kelvin Benjamin, Michael Crabtree, Pierre Garcon, Mike Wallace, Victor Cruz, Cameron Meredith), and the 5 biggest questions facing the Giants heading into the 2019 season. --- Send in a voice message: https://anchor.fm/neal-lynch/message

Kris Benson Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 30 commercial self-storage operators in the U.S. in 2018. Kris is part of the investment committee and develops institutional-quality self-storage investment opportunities for accredited investors. Kris's investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris's steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Key Points Continuously pushing yourself out of your comfort zone Finding your strengths and playing to those Finding motivation beyond money Building a portfolio of small multifamily properties, then scaling with syndication Three pillars – returns, protection, opportunity Investing in self-storage Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Fear and lack of knowledge. By taking advantage of self-education resources like BiggerPockets, and then taking action, Kris was able to get started. Do you have a personal habit that contributes to your success? Kris figures out what needs to be done and then executes. Do you have an online resource that you find valuable? https://www.therealestatecrowdfundingreview.com/ (Ian Ippolito – The Real Estate Crowdfunding Review) https://www.biggerpockets.com (BiggerPockets) What book would you recommend to the listeners and why? https://amzn.to/2yhM2RG (Shoe Dog) – Phil Knight If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Do it sooner! The best tool in all of investing is time – take advantage of it. Resources https://www.reliantinvestments.com/ (Reliant Investments) http://krisbenson.com/ (KrisBenson.com) (coming soon) https://www.linkedin.com/in/kris-benson/ (Kris’ LinkedIn Profile ) https://www.reit.com/data-research (National Association of REITs data) Visit https://www.amazon.com/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial, and a free audiobook download

Kris has an interesting story we’ll hear on this episode, how and why he turned to real estate after a career in sales. The biggest reason for him was to quit trading his time for money and spend more time with his family. So how did he do it and how can you learn from his story and apply it to your own life? Tune into this episode to hear how he transitioned into real estate, we’ll also hear how the company he works for has become one of the 30 top commercial self storage operators. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “At some point you gotta get in it, you’re gonna make mistakes, but if you don’t jump in, you’ll never move forward” - Kris Benson Kris Benson Real Estate Background: CIO for Reliant Investments, a subsidiary of Reliant Real Estate Management Reliant Real Estate is one of the top 30 commercial self storage operators in the U.S. Based in Saratoga Springs, NY Say hi to him at Best Ever Book: How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with . It’s NOT A REIT or a fund. is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at

https://www.youtube.com/user/WrightStateU The Tunnel of Oppression is an eye-opening experience designed to help first-year students at Wright State University appreciate diversity and fight discrimination. “It’s really up to date with what’s going on in the world,” said Kris Benson, a freshman psychology student at Wright State. The Tunnel of Oppression is a series of rooms that students walk through at their own pace while reading presented educational materials on racism, sexism, religious discrimination, classism, homophobia, veteran status and genocide as well as ableism, discrimination toward people with physical or mental disabilities; lookism, discrimination based on appearance; and transphobia, discrimination toward transgender people or gender nonconforming behavior. Trained tunnel facilitators help students process their experience with post-tunnel discussions designed to get the students to open up about their feelings. The tunnel was on display in the Student Union Atrium from Oct. 15 through Oct. 18. This was the 18th year for the display. More at http://webapp2.wright.edu/web1/newsroom/2018/10/19/tunnel-of-oppressions-draws-hundreds/

This week's podcast includes discussion of the following: Ray vs. Justin Beiber / Spotify / WhoSampled / Paula Deen / Kris and Anna Benson / another baked beans incident / Pacific Rim / Grand Theft Auto V / movies and the armpit of NJ / Quaker Steak / this week on TV / Orson Welles / Special Bulletin / Miracle Mile / Back to the Future / Michael J. Fox / Dick Clark / ESPN Disney crossovers / sportsless Glenn / Wings lacrosse / sports fights / WWF vs WWE /  Justin Beiber in action Spotify WhoSampled Anna Benson, not work or child safe Kris Benson's 911 call Kaiju Big Battel Biff Bam Popcast Quaker Steak & Lube French Fry Diary goes to the Toms River White Castle Miracle Mile Dick Clark's AB Grill on French Fry Diary ESPN's low ratings Wings lacrosse "We Can't Stop" by Miley Cyrus Pacific Rim trailer Grand Theft Auto V gameplay trailer - not work or child safe Orson Welles does a frozen peas commercial Orson Welles' War of the Worlds 1938 Special Bulletin 1983 The Michael J. Fox Show sneak peek Philadelphia Wings vs. Detroit Turbos