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The Self-Storage Business with entrepreneur Scott Krone - shares his expertise and tips on investing in self-storage businesses. Self storage, or self-service storage, is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Scott Krone is a business owner, real estate investor. He is the founder of One Stop Self-Storage, and the founder of Coda Management. Coda Management Group facilitates commercial and real estate investments. Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
Today, Tim and Lisa have a conversation with Scott Krone, the founder of CODA Management Group, and One Stop Self Storage.Listen and hear how people are using this technique for investment opportunities!Connect with us:Schedule a call with TimSchedule a call with LisaSchedule a call with JeanLearn more at thereiconcierge.com
Today we welcome Scott Krone, a master in asset management, as he unveils his inspiring journey from an intern to an empire of investments and companies. We delve into self-storage, multifamily marvels, and preferred asset classes during a recession. Take advantage of this extraordinary opportunity by tuning in! WHAT YOU'LL LEARN FROM THIS EPISODE Why it's critical to kickstart your journey with the help of good mentors The ideal entrepreneurial mindset when starting a businessThe main difference between multifamily and self-storage unitsAnother factor that influences the multifamily real estate market volatility3-step guide to becoming a better leader and living an optimal lifeRESOURCE/LINK MENTIONEDOptima, Inc.: https://www.optima.inc/Get a data analyzer and a copy of CODA's feasibility study on the self-storage market for FREE by reaching out to Scott and his team at info@codamg.com. Don't forget to mention that you've listened to this specific episode!ABOUT SCOTT KRONEScott Krone founded CODA Management Group, which specializes in managing real estate assets, including self-storage and multi-family, retail, commercial warehouses, and multi-use flex spaces. Launched in 2012, the company invested more than $70 million in self-storage. In 2020, Krone co-founded One Stop Self Storage, which operates facilities across the Midwest. CONNECT WITH SCOTTWebsite: CODA Management Group: https://www.codamg.com/ | One Stop Self Storage: https://onestopselfstorage.com/CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!
Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Scott founded Coda Management Group—a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate, including single and multi-family homes, retail, commercial warehouse and self- storage and multi-use flex athletic spaces. Currently, the platform of investments is over $55 million. Scott has authored High Performance Homes—Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Scott also founded a revolutionary storage business The One Stop Self Storage. Its brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Most recently, he founded Stor which allows crypto investors to invest in storage and also allows consumers to rent storage via coin. Krone resides in Wilmette, IL, with his wife and three children. --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support
GSD Mode Podcast Interview with Scott Krone & Joshua Smith. Scott Krone is the founder of Coda Management Group, a firm that specializes in managing a wide range of real estate including single and multi family homes, retail, commercial warehouse, self storage and multi use flex athletic spaces. Scott also owns self storage units all over the midwest and is the founder of One Stop Self Storage. In addition, Scott is an Author, Speaker and has been featured on/in: NBC, Best Buy, Ace Hardware, Crate & Barrel, Houzz & More (scroll below for Scott's contact info & more)... Check Out More Free Resources, Free Training, Coaching & More Below
Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group is a real estate asset firm which specializes in managing commercial real estate. Since its inception in 2012, Coda has managed a wide range of assets including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. As of 2017, the firm has narrowed its focus on developing, designing and building self- storage. In 2020, they launched their own self storage management company: One Stop Self Storage. Contact info: www.codamg.com www.onestopselfstorage.com info@codamg.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
Real Estate Professionals - Property Sales Tactics for Realtors
SCOTT KRONE Many of you work with investors and are investors yourselves. Today I want to bring awareness to another kind of investment opportunity we don't hear mentioned very often and that is self-storage properties. Our guest Scott Krone is THE expert in this type of investment, and he'll share the many benefits with us. BIO Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, a design-driven real estate development firm. In 1998, Scott founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards. In addition, he has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. In 2012, Scott founded Coda Management Group – a firm who specializes in managing real estate assets. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets. In 2020, He co-founded One Stop Self Storage with facilities across the Midwest. CONTACT Coda Management Group and One Stop Self Storage. 847.651.7373. www.codamg.com www.onestopselfstorage.com skrone@codamg.com 600 Waukegan Rd Ste 129 Northbrook IL SCOTT'S GIFT A feasibility study we had conducted for a past project to show the listeners what is important during due diligence, and a self-storage analyzer they can use to evaluate deals they run across. http://bit.ly/3Xl9IgZ MY CONTACT StressFreeRemodeling@gmail.com www.StressFreeRemodeling.com www.AuriemmaDesign.com MY GIFT Transform Any Home Into a Dream Home A guide with lots of ideas and cost estimates for the transformation. StressFreeRemodeling.com/Transform MY BOOK Homeowner's Guide to Stress-Free Remodeling Available on Amazon
How do you go from a small company to a company that others are willing to buy? The answer is simple – laser-focus in order to get things done. But how exactly do you do that when you've got a million things to do in a day? In today's episode, Erik Cabral speaks with Scott Krone, founder of Coda Management Group, Coda Design + Build, and their self-storage brand, One Stop Self Storage. Scott shares how he stays focused in his business – from building his company when he was 28 years old, to now owning Coda Management Group, Coda Design + Build, and their storage brand, One Stop Self Storage. Scott is also the author of High Performance Homes. Here are some power takeaways from today's conversation: Scott's introduction to real estate and self-storage Self-storage vs. multifamily/single family Working on a $100-million project with his professor who owned a real estate development company How he started Coda and the story behind the name Staying laser-focused in your business and blocking your time Celebrating the small and big things in your company Embracing the F word The importance of self-awareness in business Episode Highlights: [04:51] Self-Storage vs. Multifamily/Single Family Self-storage is similar to apartments without toilets. They don't have the tenant maintenance and tenant issues. They don't have tenant laws to implement and comply with. It's a much more simplistic model of multifamily, but it's also a retail business. And a lot of it is driven by demographics. [25:23] How to Stay Laser-Focused in Your Business Break down your day and block out your time in 15-minute increments and be laser-focused on each task to get things done. Do it wholeheartedly so when you're done, you can enjoy doing other things. Laser-focus in order to get things done, and whatever you're doing, do it wholeheartedly. So once you're done, you can then move on and enjoy other things. Otherwise, if you waste time, you're just being inefficient and what could have taken you a year to do it will now take you five years. The most valuable thing that each of us has is exactly the same thing – time. We have a limited amount of time. None of us can increase that and none of us can decrease that. We have exactly the same amount of time. If you don't value your time, no one else will. [30:30] Building the Culture Celebrate your wins - big and small. Also, find that balance. It can't be all family, and it can't be all business. That's why you need to work hard and get things done so you can have time with your family. Resources Mentioned: info@codamg.com Book Recommendations: High Performance Homes: Navigating the Green Road to Your Dream Home by Scott Krone The Road Back to You by Ian Morgan Cron and Suzanne Stabile --- Support this podcast: https://anchor.fm/erikecabral/support
The Investor Relations Real Estate Podcast Episode 129 - It's An Easy Way Into The American Dream Host: Jonny Cattani Guest: Scott KroneProducer: April MunsonJonny Cattani is joined by Scott Krone to discuss:Self storage Transformation Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest.In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, International Realty 2.0 Leadership Award, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.Linked material referenced during the show: Book: The Road Back To You - Morgan Cronhttps://www.amazon.com/The-Road-Back-to-You-audiobook/dp/B01M0TPG72/ref=sr_1_1?crid=3FGU3T427MG9T&keywords=the+road+back+to+you&qid=1664450618&qu=eyJxc2MiOiIxLjc4IiwicXNhIjoiMS40MyIsInFzcCI6IjEuNTgifQ%3D%3D&sprefix=the+road+back+to%2Caps%2C98&sr=8-1Connect with Scott!Email: info@codamg.comWebsite: www.codamg.comWebsite: www.onestopselfstorage.com Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1
In the hundred and second episode of Collecting Real Estate, we interviewed Scott Krone from Coda Management Group. Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit Hedge Row in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group–a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self-storage, and multi-use flexathletics paces. Currently, the platform of investments is in excess of $55million.Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Krone resides in Wilmette, IL, with his wife and three children.To get their feasibility report in Dayton and their self-storage analyzer, email info@codamg.com and say that you heard Scott on the Collecting Real Estate Podcast.
Today's Guest: Scott Krone Scott has been in self-storage for the last 9 years after transitioning from real estate to multifamily investments. Scott is a Chicago native whose career in architecture began in 1991 after pursuing his Master of Architecture from the Illinois Institute of Technology. In 2012, Scott founded Coda Management Group, a firm that specializes in managing real estate assets. Scott is also a co-founder of One Stop Self Storage with facilities across the Midwest and the founder of Coda, an award-winning design and build consulting firm. Coda has won numerous design/build awards, including the international Green GOOD Design, Best of Houzz, and Design Evanston Award. Their work has also been featured in notable publications such as Storing Up Profits by Paul Moore, Dream Homes, Midwest Luxury Homes, NBC TV Show Taste, and more. Highlights From The Show: We begin the episode with Scott sharing his background story and how he ended up in the self-storage space. Scott shares that he grew up as a creative kid involved in various sports but was fortunate to study architecture in high school. However, Scott gave up architecture to play sports and do normal college things rather than being dedicated to a studio. Scott wanted to get into their family business after graduating from college, which was not possible, so he had to go back to architecture. Fortunately, at that time, they had new programs that allowed him to earn a Masters in architecture. He jumped into it and was again fortunate to get connected to a professor who owned a real estate development architecture company and got right in multifamily. Scott started his own company in 1998, with single-family, multifamily, mixed-use, and institutional properties, and then the market crashed. Scott started exploring other options because it was difficult in the residential market except for apartments. This led him to self-storage, which had a lot of similarities to multifamily, but it was more resilient, especially in recession and massive downturn markets. We then talk about why self-storage is more resilient than other real estate investments, including multifamily. Scott shares that it is difficult in the market, and self-storage gives viable options to address these problems and overcome the challenges. Scott went back and analyzed every recession since 1979 and compared self-storage occupancy in each of them. Scott shares that no other class of real assets has a natural resilience like self-storage, even the housing market. In recession markets, housing slows down, renovation slows down, and construction stops, but self-storage will always continue to thrive. Next, we discuss how you can break into the self-storage world of investing as a new investor. Scott shares that there are three asset classes within self-storage, and they all differ from multi-family. They include class A, B, and C assets. According to Scott, Class C assets include first-generation self-storage (small under 200 units from mom and pops), and they give a nice return on a regular basis. The next one is class B which is a more suburban, larger driver facility and sometimes with primary control. At the top is class A, a property with both appreciation and cash flow, which comprises large institutions in the city. According to Scott, the three assets represent different strategies, and the easiest way to get into self-storage is by buying class C properties. However, if you want to do a B or A, he recommends joining a venture or partnership group. We then talk about how to find opportunities and people who own self-storage and want to sell. He shares that you get more opportunities by driving for dollars. Scott tells me that if you are looking for class C, it's pretty hard to find them because they are not corporate, and the properties might be under their own name. They also use them as bank accounts with cash flow coming in to pay their bills. According to Scott, there are similar institutions for self-storage as there are on the residential side, and the larger ones, classes B and A, are predominantly done by brokers. Make sure you don't miss another amazing episode of the Just Start Real Estate Podcast with Scott Krone and get valuable information on how to invest successfully in self-storage! Notable Quotes: “In self-storage, you can alter the unit's configuration to match the market condition, but you don't have that flexibility in multifamily.” Scott Krone “Self-storage unit portfolios are valued exactly the same way multifamily houses are done using CAP rate and ROI.” Scott Krone “During recessions, housing and renovation often slow down, and construction stops, but self-storage always continues to thrive.” Scott Krone Thank You for Listening! Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook Help Out the Show: Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one. Subscribe on iTunes. Resources and Links From Today's Show: Coda Management Group Onestop Self-Storage Coda Design and Build Scott on LinkedIn Scott's Email More Resources From Mike: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months WINNING DIRECT MAIL - How to CRUSH IT with direct mail! 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
In the 100th episode of Cash Flow Pro, we talk with Scott Krone, managing partner at Coda Management Group and founder of One Stop Self Storage. A Chicago native, Scott began his career as an architect in 1991. Around the same time, he also worked for a real estate firm. Because of his experience there, he decided to co-found Coda Management Group in 2012. Since then, his firm has invested more than $30 million. Today, Scott is here to share his wisdom with us, so tune in and take notes! Coda Management Group is a real estate firm that purchases undervalued warehouse space and converts it into climate-controlled, Class-A, REIT-ready self-storage properties. On the other hand, One Stop Self Storage is about facilitating all your storage needs! In this episode, we discuss: Going from multifamily to self-storage Developing self-storage warehouses Zoning and selling self-storage Automation and the future of Self-storage Raising prices and turnover within the market Find your flow, Casey Brown Resources mentioned in this podcast: codamg.com onestopselfstorage.com https://www.linkedin.com/in/scott-krone/
Two years ago, at the height of the COVID pandemic, we had only begun to see how consumer spending habits would change. Two years later, people are still spending more time at home–and still trying to make the most of their spare bedrooms, offices, garages, and basements. This means self-storage is still a great investment, and there's no one better to talk to about it than Scott Krone. Scott is the owner and founder of Coda Management and One Stop Self Storage. He does brand new self-storage development, as well as self-storage conversion. He's built a massive self-storage portfolio, and it's proven to be hugely beneficial to his bottom line, even as we struggle with runaway inflation. In today's conversation, you'll learn how the self-storage business has changed since we last checked in with him in July of 2020 and the tools he uses to evaluate markets. You'll also hear how you can use self-storage as a reactionary investment to protect yourself from all sorts of volatility. P.S. If you'd like to learn more about Scott's business and find out if self-storage could be a good investment for you, he's kindly offered listeners of this podcast access to his self-storage analysis tool. Just send an email to info@codamg.com to get connected and discover how it works! Key Takeaways with Scott Krone How self-storage helps people through difficult times. Why businesses are starting to use self-storage just as much as individuals. How recessions benefit the self-storage industry. The metrics and software tools Scott uses to look at self-storage investments. What Scott has done to build brands and credibility within his portfolio. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/291 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Connect with Scott Krone: Website: https://www.codamg.com/ (https://www.codamg.com/) LinkedIn: https://www.linkedin.com/in/scott-krone/ (https://www.linkedin.com/in/scott-krone/) Facebook: https://www.facebook.com/CodaManagementGroup/ (https://www.facebook.com/CodaManagementGroup/) LIKE • SHARE • JOIN • REVIEW http://reimastermind.net/ (Website) https://reimastermindnetwork.locals.com/ (Join the REI Mastermind Network on Locals!) https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661 (Apple Podcasts) https://podcasts.google.com/feed/aHR0cDovL3JlaXJvb2tpZXMubGlic3luLmNvbS9yc3M (Google Podcasts) https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q (YouTube) https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ (Spotify) https://www.stitcher.com/show/rei-rookies (Stitcher) https://www.deezer.com/us/show/2148782 (Deezer) https://www.facebook.com/REIMastermindNet (Facebook) https://twitter.com/rei_mastermind (Twitter) https://www.instagram.com/reimastermindnet/ (Instagram) SUPPORT THE SHOW! Self Managing Your Rental Properties? https://app.rentredi.com/signUp/JCH191 (Get 6 months of RentRedi for $1! Click this link!) https://www.patreon.com/reimastermind (Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermind) https://bit.ly/reiappsumo (Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo) https://drop.com/?referer=3DC729 (Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729) "You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack
Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home.Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Connect with Scott Krone:Website: https://www.codamg.com/LinkedIn: https://www.linkedin.com/in/scott-krone/Facebook: https://www.facebook.com/CodaManagementGroup/LIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcherDeezerFacebookTwitterInstagramSUPPORT THE SHOW!Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermindGet $10 and Reduce...
Are you worried about a possible recession coming? Today, we're so glad to have Scott Krone on the show to talk about the resilient nature of the self-storage industry and a thorough guide to converting and transforming undervalued properties into profitable facilities. Listen to this episode to learn how to assess markets for self-storage! Key takeaways to listen for Self-storage vs. multifamily investing The mindset to develop when starting to invest in self-storage The major challenge in transforming properties Benefits of automating your facilities digitally 3 efficient ways to perform your market research About Scott Krone Scott is an architect from Chicago. He earned his master's degree in Architecture at the Illinois Institute of Technology and worked as a project manager for Optima, Inc. At 28, he started his development design + build firm focusing on single-family and multi-family properties but later, he transitioned to self-storage investing because of the recession. He founded Coda Design + Build and Coda Management Group, an investment holding company directed toward managing self-storage assets and One Stop Self-Storage. He has been long successful in his journey in self-storage but is still continuously growing his portfolio. He is a loving husband and father of 3 kids. Connect with Scott Website: Coda Management Group Email: info@codamg.com Facebook: Coda Management Group Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com. Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr
In this interview, I chat with self storage owner & investor Martin Taradejna. Martin Taradejna is the Director of Acquisitions and Investor Relations at Coda Management Group and One Stop Self Storage. His firm focuses on a comprehensive approach. From acquisition, development and design, to operating self storage facilities, Coda's portfolio contains over 4,000 units with just under 500,000 sq ft across the United States. If you are looking to enter into the self storage asset class, looking for a free consultation, or to invest passively alongside Martin and his team, please reach out to him at Martin@codamg.com or head to www.codamg.com ======================== The Ultimate Self Storage Management Playbook! This is the Most Incredible Free Gift Ever...Designed To Increase Leads, Rentals, and Revenue For Your Self Storage Business! https://www.3milestorage.com Want to learn more about how you can leverage automation to run your self storage business with more efficiency & profitability? Click Here To Schedule a FREE 1 on 1 Call https://calendly.com/jimross/valuecreationcall
Scott Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. He is the founder of the Coda Management Group that facilitates commercial real estate investments and The One Stop Self Storage. Main Points:How To Invest In Distressed Assets and Make Profit3 Mind-blowing Facts About Self Storage Investing4 Proven Passive InvestmentsHow To Live A Full Life: 3 Tips Experts Swear ByConnect with Scott:www.codamg.comskrone@codamg.com
Did you know that you are one tweak away from turning your mundane living into a full life? In this episode, Scott Krone Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. In 2012, Krone founded Coda Management Group, he has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home, andmost recently Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. [00:01 - 13:41 ] Opening Segment How this episode impacted Josh Reminder: Follow us on social media via the links below Scott shares his story and how he got involved in real estate The lessons that Scott learned from his first dealHow to think in terms of your options [13:01 - 24:46 ] Pivoting Intro Self Storage from Architecture and Development Leaving a successful corporate job for a start up Where the economy is heeded in the next few yearsThe major indicators of a recessionary market When should you buy a property?It doesn't matter if you're in a recessionary or bull market Key Quote: “Transformational [learning] is undergoing the process of being and growing in your abilities, in your thinking, and always learning in expanding your boundaries.” - Scott Krone Connect with Scott Linkedin: /in/scott-krone/ Facebook: @CodaManagementGroup You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube You can also email me at Joshferrari901@gmail.com For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments. LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business. Listen to our previous episodes here
Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $60 million. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Get in touch with Scott Krone: www.codamg.com www.onestopselfstorage.com #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk Becca's Real Estate Tips https://www.youtube.com/watch?v=hSQsDJUTOW8&list=PLbyMUN39hTNVu6OeabosHIP_CTfuqg_4X Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prereal
Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today we welcome Scott Krone, who used to be in the multifamily business and now works full-time in self storage. In today's episode we will talk about the self storage businesses, from the differences between drive-up storages and multi-storey buildings, to why people choose to use self storage. We will also talk about the launch of One Stop Self Storage and how to invest in Scott's next project. All this and much more, up next. Bullet points (00:36) Introducing Scott Krone (01:25) Scott's background (02:32) Purchasing the first property (03:26) Going through four cycles (04:24) Dealing with inflation (06:27) Converting warehouses and offices into storage facilities (08:41) Testing new markets (09:59) How to learn more about self storage (13:00) Knowing the demographics (15:55) What type of businesses use storage (17:42) Drive-up storages vs multi-storey buildings (19:21) One Stop Self Storage (20:33) Why people use self storage (22:28) Starting a new project and how to invest (24:10) Owning vs leasing land (24:56) Focusing on the midwest (25:22) Where to find out more
Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group is a real estate asset firm which specializes in managing commercial real estate. Since its inception in 2012, Coda has managed a wide range of assets including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. As of 2017, the firm has narrowed its focus on developing, designing and building self- storage. In 2020, they launched their own self storage management company: One Stop Self Storage. Get in touch with Scott: www.codamg.com www.onestopselfstorage.com info@codamg.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
Scott Krone is the Founder of One-Stop Self Storage, a storage unit business, and Coda Management Group, an award-winning design and build firm. From his background in architecture design, Scott segued into property development. In today's episode of The HyperFast Agent Podcast, Host Dan Lesniak and Scott Krone discuss building self-storage units, risk reduction in real estate development, and the future of the storage industry. Listen to learn … ‣ The difference between multi-family and self-storage spaces ‣ How to assess if an area needs more storage spaces built ‣ What risk factors to expect in the self-storage market ‣ The different classes of self-storage … and much more! QUOTES TO SHARE
Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and selfstorage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Most recently, Scott also founded a revolutionary storage business The One Stop Self Storage. It's committed to make its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago). Krone resides in Wilmette, IL, with his wife and three children. --- Send in a voice message: https://anchor.fm/donald-thomas6/message Support this podcast: https://anchor.fm/donald-thomas6/support
Despite the recent recession and demographic shifts, few building types have maintained revenues like self-storage. Listen to today's episode with Scott Krone to find out why self-storage has been one of the most secure investments in real estate over the last fifty years.Key Takeaways To Listen ForConsiderations for self-storage facility developmentHow to manage various self-storage propertiesWays to implement new systems that function wellThe importance of daily, weekly, and monthly reportsStrategic methods to remotely manage a self-storage facility Process on converting a building into a self-storage facilityResources Mentioned In This EpisodeTo learn more about self-storage investing and get a FREE feasibility study, send an email to info@codamg.com.About Scott KroneScott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included notable projects such as the 400-unit Coromandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self-storage,- and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million. Krone has authored High-Performance Homes - Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their homes.Most recently, Scott also founded a revolutionary storage business The One Stop Self-Storage. It's committed to making its members' time of transition rewarding and strives to remove challenges and hurdles commonly found in the industry. The One Stop brand is built upon the premise of providing the best in storage solutions contained in sustainable, renewable construction and it's located in WI, OH, KY, and ME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Krone resides in Wilmette, IL, with his wife and three children.Connect with ScottWebsite: Coda Management GroupLinkedIn: Scott KroneFacebook: Coda Management GroupTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams
In today's episode of the Kevin & Fred Show, I'm joined by self-storage investor, Scott Krone. Scott invests in self-storage at a high level, with multiple units in different cities, and a brand new company. He deeply understands how self-storage investing works, and what it takes to actually achieve your goals. As it goes with any investment, you can't be profitable without a strategy. Scott is going to share passive investing tips, and his insights on protecting your investment. Scott is an investor, author and founder of Coda Management Group and One Stop Self Storage. Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices. According to Scott, self-storage is a more simplistic version of multi-family investing, but there's a lot more to it than buying up a ton of units and putting tenants in them. The underlying financials, the location, square footage per capita, and even the different classes of storage have a significant bearing on whether you'll succeed or not. To request a free feasibility study, send an email to info@codamg.com. For more information, visit https://www.codamg.com/ and https://onestopselfstorage.com/. Guest Info Scott is an investor, author and founder of Coda Management Group and One Stop Self Storage. Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million. In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices. To request a free feasibility study, send an email to info@codamg.com. For more information, visit https://www.codamg.com/ and https://onestopselfstorage.com/.