Podcast appearances and mentions of Scott Meyers

Send us a textThis is a FEED DROP of an episode of the Defining Your Niche Podcast with Thaddeus Campbell that Scott was a guest on.Is the "unsexy" world of self-storage actually the smartest path to wealth, freedom, and impact? Host Thaddeus Campbell is joined by industry expert Scott Meyers—owner of over 3 million square feet of storage, founder of Kingdom Storage Partners, and the heart behind one of the most influential self-storage masterminds in the U.S. Scott shares his journey from tenant-weary landlord to recession-resistant storage mogul, the power of faith in business, and why success is about more than spreadsheets—it's about relationships, purpose, and giving back. Watch the interview hereLeave a positive rating for this podcast with one clickCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Send us a textThis is a FEED DROP of an episode of the Commercial Real Estate Investing From A-Z  Podcast that Scott was a guest on. How is self-storage doing today? What are the benefits of joining a mastermind? Scott Meyers, founder and CEO of Self Storage Investing , shares his knowledge with us.Read this entire interview here: https://tinyurl.com/rt4pvac2You have been doing self-storage for 20 years, how is self-storage doing today?We're bullish on storage. It doesn't matter what the economy's doing, because our asset classes are largely unaffected by what's happening when things are good, people buy more stuff and there's a need for storage so we do well. When there's a contraction in the economy and people are losing their jobs or businesses, it is going a little slower. They have to put their inventory in storage, or they sublease their office or whatever their business looks like and we benefit from that, as well. We are heading into a time that we've been preparing for years, which is kind of the intersection of all that. Interest rates are a little higher and the cost of capital is higher but we are seeing a contraction in the market, which is causing people to downsize businesses.I heard this morning that in Austin, Texas 20% of the workforce is unemployed right now. Some of these companies are laying their people off. But there is a pullback right now, and the jobless rate is a little higher than even what the government statistics would show because we're seeing it and feeling it in the marketplace.Do you think self-storage is being overbuilt in places?You can't say that the industry is overbuilt. If everybody's rates all across the country, were going down and everybody was at 50% occupancy, maybe, but I don't think that we would ever get to that standpoint. There are lots of safeguards in our industry and we do know what it takes to do our homework and understand as developers, what makes this successful self-storage development project. With today's very difficult capital markets: appraisers, lenders, and private equity partners, they are not just throwing money at us, assuming it's going to win, they are forcing and they want to see our feasibility studies and the demand studies that we're doing in the marketplace to understand what a deal looks like before they're going to grant us a loan or loan us our limited partners that are going to come alongside of us or the hedge funds and invest with us. We shouldn't be coming forward if we didn't have that, and we really wouldn't get it anyway.What are some things that you have seen happen at your mastermind?A lot of the things that we've seen are things that we've built in an environment in which all the good things that we see in a mastermind can occur and some of that is true. As we take a step back, we recognize that following the Napoleon Hills model, which is when like-minded people come together and operate at a certain level, good things happen. They share best business practices, they can do business together and so from the beginning, that's the way we designed it. And we see other masterminds out there where they'll just accept anybody into the group, as long as they can write a check. We have an interview process, and it's an exclusive group that we've put into place in the mastermind.Scott Meyerswww.selfstorageinvesting.com 

Send us a textIs self-storage still a smart investment—or did you miss the boat? Scott Meyers answers the question on every investor's mind: Is now the time to jump into self-storage? Backed by 20+ years of experience and fresh 2025 market data, Scott breaks down the economic forces driving record demand in self-storage—even amidst uncertainty. He dives into supply chain shifts, demographic trends, urbanization, minimalism, and how high interest rates are actually creating a once-in-a-decade land grab opportunity. From adaptive reuse projects to market selection and investment timing, Scott reveals why self-storage is outperforming other sectors and how savvy investors can ride the coming wave.Listen For:01:57 – Why self-storage thrives in both boom and bust cycles06:41 – U.S. households using storage hits record high in 202415:21 – $3B in 2024 sales: Who's buying self-storage and why18:49 – Timing the next refinance or exit for max valueLeave a positive rating for this podcast with one clickCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Send us a textThis is a FEED DROP of an episode of the Wealth Without Wall Street Podcast that Scott was a guest on. With any investment, there will always be some risk. But some investments are safer than others. Take the self-storage facility, for example. You may not have considered it as a potential investment opportunity, but self-storage is actually a wise and safe investment. In today's episode, Russ and Joey chat with Scott Meyers, founder and CEO of Self Storage Profits, Inc., about the potential of self-storage as a pathway to financial freedom. They also discuss how deals are made in self-storage. So if you're looking for a place to make your money work, this episode might lead you down the right path. Top 3 Things You'll Learn:Why investing in self-storage facilities is an excellent way to become financially freeFactors to consider when deciding to purchase a property to be used as a self-storage facilityWhat qualities to look for when hiring an operator or a manager for your facilityConnect with Scott Meyers:Website - https://selfstorageinvesting.com/  https://selfstorageinvesting.com/

Send us a textEver wondered what self-storage has to do with cigars, bourbon, and life's little pleasures? In this episode Scott Meyers and Doug Downs dive into a passionate discussion about the finer things in life – cigars, bourbon, and the importance of proper storage for both. Scott shares his journey of discovering the art of cigars and bourbon pairings, exploring how both are more than just indulgences – they're celebrations of life, community, and craftsmanship. From the art of cigar rolling to the perfect bourbon match, they explain how self-storage and cigar storage have more in common than you might think, all while making sure your cigars stay fresh for the next celebration.Listen For10:13 The Importance of Hand-Rolled Cigars13:09 Understanding Cigar Sizes: A Cigar 10116:23 The $1.3 Million Cigar26:47 Humidity and Temperature Control for Cigars28:36 Quick Fix for a Dry Cigar32:19 The Art of Pairing Bourbon with CigarsWhere to Buy Quality Cigars Online:Famous Smoke Shop (www.famous-smoke.com) – Great selection and deals.Cigars International (www.cigarsinternational.com) – Bulk discounts and sampler packs.Thompson Cigar (www.thompsoncigar.com) – Subscription services and discounts.JRCigars (www.jrcigars.com) – One of the oldest and most trusted retailers.Atlantic Cigar (www.atlanticcigar.com) – Rare and limited cigars available.Cigars Direct – www.cigarsdirect.comTop Sources for Reviews & Ratings:Cigar Aficionado (www.cigaraficionado.com) – The industry leader in ratings.Halfwheel (www.halfwheel.com) – Deep-dive, detailed cigar reviews.Cigar Dojo (www.cigardojo.com) – Community-driven reviews.Reddit r/cigars (www.reddit.com/r/cigars) – User-generated cigar reviews and discussions.Leave a positive rating for this podcast with one clickCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.https://selfstorageinvesting.com/

Send us a textIs self-storage insurance breaking the bank? Scott Meyers welcomes back industry expert Terry Campbell for a record-breaking third time. After a brief "retirement," Terry has reentered the industry, this time leading the self-storage vertical at Johnson Insurance. Together, Scott and Terry unpack the rising costs of insurance, the impact of natural disasters on premiums, and strategies for self-storage investors to protect their assets without overpaying. They discuss how savvy operators can adapt to the shifting landscape, the importance of proper underwriting, and the potential opportunities that arise as market conditions squeeze out weaker players. WHAT TO LISTEN FOR04:01 – Why Insurance Costs Are Skyrocketing (And How It Affects You)10:43 – How to Accurately Underwrite Insurance Costs14:04 – How Insurance Costs Can Impact Property Valuations and Deals19:17 – Terry's 2025 Game Plan for His Own Self-Storage PortfolioLeave a positive rating for this podcast with one clickGUEST: TERRY CAMPBELLWebsite | LinkedIn CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify. 

Send us a textCan self-storage really be the key to financial freedom? Clint Harris thinks so.Scott Meyers sits down with Clint, a former medical sales professional who escaped the grind by turning abandoned big-box stores into thriving storage facilities.Clint shares his journey, his strategy for creating wealth, and why self-storage is one of the best opportunities in today's market.After years of trading time for money in real estate—flipping houses, managing Airbnbs, and dealing with endless headaches—Clint discovered the power of adaptive reuse.Now, as a general partner at Nomad Capital, he's built a scalable, recession-resistant business by converting underutilized retail spaces into high-value storage properties. WHAT TO LISTEN FOR03:34 – The Wake-Up Call: Trading Time for Money09:49 – The Turning Point: Why Self-Storage?25:35 – The Secret to Hitting 500M in Assets31:57 – Why Now is the Time to Buy Self-StorageLeave a positive rating for this podcast with one clickCONNECT WITH GUEST: CLINT HARRISWebsite | Going Coastal Property Management |LinkedIn | Truly Passive Income PodcastCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Send us a textWhat if the key to real estate riches isn't flipping houses or owning rentals—but buying, splitting, and selling land? Scott Meyers sits down with land investing expert Jack Bosch to discuss the hidden potential in vacant land deals.Jack shares how he's mastered the art of acquiring land for pennies on the dollar, subdividing it, and turning it into serious profits—without the headaches of tenants or property maintenance.Whether you're a self-storage investor looking for prime development land or simply intrigued by an overlooked real estate niche, Jack reveals his top strategies for finding, evaluating, and profiting from land investments. WHAT TO LISTEN FOR03:58 – Why Land Investing is the Ultimate Real Estate Strategy09:37 – Finding the Right Land for Self-Storage Development18:01 – Rezoning Land: Tips, Risks, and Winning Strategies26:31 – The $100K Land Split Strategy (That Few Investors Use!) Leave a positive rating for this podcast with one clickCONNECT WITH GUEST: JACK BOSCHWebsite | Land Profit Generator | Instagram | TikTok | YouTube | Facebook | LinkedIn CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Send us a textWhat does it take to think like a Navy SEAL and win at both life and business? Scott Meyers interviews former SEAL and leadership coach William Branum. With 26 years of military experience, William shares how the mindset required to survive SEAL training can be applied to leadership, business, and personal growth.  From breaking through self-limiting beliefs to improving team dynamics, William reveals actionable insights, emphasizing that success is a choice and mediocrity is optional. WHAT TO LISTEN FOR04:06 Why most people fail: aiming for the minimum09:50 Why mediocrity is easier but always comes at a cost14:25 Rewriting the story: overcoming self-limiting beliefs18:12 Business as a battlefield: preparing to win every dayLeave a positive rating for this podcast with one clickGUEST: WILLIAM BRANUMWebsite | Book  | LinkedIn | InstagramCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Throughout the Bible, a father's blessing was a powerful, meaningful impartation and assignment. In this message, Scott Meyers highlights the necessity of receiving and giving the Father's blessing. Visit our website at www.givinglight.org. Download the Giving Light App available for free on iOS and Android.

In this episode of The Real Estate Ballers Show, Scott Meyers dives into the lucrative world of self storage investing. With over 31 years in real estate and 20 years specializing in self storage, Scott explains why he transitioned from traditional rentals to build a thriving self storage empire with over 5 million square feet and 30,000 units.Discover why self storage is a solid, predictable investment model, how to take advantage of the current market opportunities, and the strategies Scott uses to maximize revenue through dynamic pricing and operational efficiency.Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”.  Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.Visit our website to get more information: https://reballers.com/ Please visit our sponsors, which made this episode possible: AirDNA: https://tinyurl.com/Air-DNA Anderson Advisors: https://tinyurl.com/Anderson-Advisors Baselane: https://tinyurl.com/Base-lane Buzz Vacation Rentals: https://pm.buzzvacationrentals.com/ NREIG: http://nreig.com/reballers Jet Lending: https://tinyurl.com/Jet-Lending Wizehire: https://tinyurl.com/Wize-Hire ✅ Important Link to Follow

Those who listen to this show likely either manage or invest in rental properties. There are several different types of real estate to choose from, but have you ever considered self-storage units? In today's episode of the #DoorGrowShow, property management growth expert Jason Hull sits down with the “OG” of self-storage real estate investing, Scott Meyers to talk about an opportunity to invest in real estate without the common challenges of residential properties. You'll Learn [01:22] Switching from residential investment properties to storage units [08:35] Investing in self-storage without the management [12:15] Pros and cons of self-storage [14:51] Self-storage education Tweetables “When you have just a hammer, everything looks like a nail.” “Be honest with yourself, and sometimes the best cook in the world can't fix a broken recipe.” “Once you get behind in habitational real estate and rental real estate in general, you know, it takes double the effort to get caught back up again.” “The more valuable you are to your property management business the less valuable your property management business is to everybody else.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Link Transcript [00:00:00] Scott: Self-storage really found me instead of me finding self-storage. Which I just felt it's a simple, predictable business model that you can replicate over and over again without as many moving parts and that human factor.  [00:00:11] Jason: Welcome DoorGrow property managers to the DoorGrow show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you're interested in growing in business and life, and you're open to doing things a bit differently, then you are a DoorGrow property manager. [00:00:28] DoorGrow property managers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. [00:01:09] Now let's get into the show. All right. So. I'm hanging out here with Scott Meyers. Welcome Scott.  [00:01:18] Scott: Thanks. And so good to see you again. How are you?  [00:01:20] Jason: Good. Good. It's good to have you. So, why don't we get into your background, how you kind of into this, but Scott, you're a self storage investment expert. Is that fair to say? [00:01:33] Scott: That's fair to say. They call me the OG in self storage now. And I guess I can step into that role.  [00:01:38] Jason: All right. The OG, the original gangsta. All right. So tell us a little bit how you got into this.  [00:01:44] Scott: So like many people got into real estate by buying one single family rental house. Of course, this is a back a little ways now back in 1993, I bought a single family house. with an assumable VA mortgage on it. So I took out a home equity loan from my own home and bought this one, no money down, just like Carleton Sheets, the other OG in the real estate space taught me how to do. And so I bought that house, we rehabbed it to refinance it, rented it out. [00:02:11] So the BRRRR method before everybody called it the BRRRR method. And then we went out and bought two more. And then that turned into four, six, eight, and my wife and I got married along the way and brought my wife into this hobby. I was working for a fortune 500 company at the time, and this was really just to supplement retirement until it kind of took on a life of its own. [00:02:29] And that was because in 1999 with the dot com crash, when all of our tenants were then able to buy a house shortly after that, because the presidential administration at the time reinstituted the Community Reinvestment Act and allowed anybody who could basically fog a mirror to buy a house while all our tenants left and they were doing so. [00:02:49] And so at that time, we were now rehabbing a second time so that we could sell our houses just to be able to keep up with what the market trend was at the time. Well that just about broke us. And so we decided then to get into multifamily and all we needed to do was get some economies of scale, work a little harder, work a little smarter, and we'll make this all happen. [00:03:08] But really what I found is that we just had more doors, we had more tenants, we had more toilets. And to be honest with you, Jason you know, we made a lot of money in residential real estate and growing that side of the business. I mean, we were very big, we got up to just shy of 450 doors. But I realized that I don't think I was cut out for this. [00:03:24] I understood the math, you know, the real estate math and everything that went into it. But I found even though we had property managers and property management companies, I was finding that I was becoming less loving of my fellow man and women, because they were destroying our properties and stealing from us, as well as our contractors and some of our staff. [00:03:40] And so at that point, I began to look around the landscape and, you know, we love real estate because of all the reasons to love real estate. It appreciates, we can depreciate it. We can borrow money to buy it. And then our clients pay down our basis. I mean, there's no other investment like that. So as I looked at the landscape and real estate, that really only left parking lots and self storage if I really didn't like the tenant and toilet business. [00:04:01] So. I looked into storage and loved what we saw in terms of the fundamentals of the historical, the track record of performance of the asset class. And it was right under my nose all the time. It's just this ugly, you know, stepchild of commercial real estate that nobody was really talking about. So I researched it and spent a lot of time understanding the nuances bought my first self storage facility in a partnership. [00:04:22] And then yeah, the light bulb went off and recognize after owning it from the operation standpoint, that It was truly what everybody had said that it was. And what we found is it was all the benefits of real estate without the hassles of tenants and toilets and trash. And so we began simultaneously selling off our houses and our apartments and then going forward into self storage. [00:04:41] And here we are today at about just shy of 5 million square feet of self storage, 28, 000 doors nationwide and growing. And then along the way, also built a sizable education and consulting and mentoring and coaching and event business that only not only teaches people how to get into the business, but also became a funnel, a conduit for a lot of partnerships and a lot of deal flow into our organization. [00:05:01] So that's either the long winded version on a podcast or the short winded version however you want to look at how we got started in the business.  [00:05:07] Jason: Yeah, love it and qualify yourself help everybody understand like where are you at right now with storage and rentals. I mean you got some impressive numbers. [00:05:17] Scott: Yeah, so we're sitting at about we've done over 5 million square feet We're sitting at about three and a half just maybe three and three quarters million square feet right now assets under management So we're right now jason, we're basically a syndication company where we're a financial services company that raises capital and layers that on top of debt and then deploys it in nothing but self storage. [00:05:37] And so many of these projects, these partnerships, these joint ventures in our funds, they have a shelf life and they expire in four to five years because that's when we can capitalize and pull our chips off the table, if you will. And we have a capital event by way of sometimes a refinance, but usually a sale of the property or properties within that fund. [00:05:55] And then we just go out and buy more. So it ebbs and flows when some are going out the door, we have more projects coming in the door as well. I only own two residential properties. One of them is an Airbnb and the other one is the one that I live in. And that's it. Everything else is 100 percent self storage at this point. [00:06:10] Jason: Got it. How many units of storage do you represent then?  [00:06:14] Scott: Yeah, so 28 to 29, 000 overall is what we've invested in and we're sitting at about 20, between 20, 000, 21, 000 right now in asset center management. Awesome.  [00:06:25] Jason: Wow. Okay. So for those listening that are in residential property management, and they're listening to you what would you say to them? [00:06:34] Like, maybe there's some of them that they're like, "man, I don't want to deal with toilets, tenants and trash anymore." And, you know, "I'm starting to love humans less. And I love real estate," but what's kind of your message?  [00:06:49] Scott: You know, in the education side of our business, Jason, of course, when there's a room full of folks interested in self storage, it's really easy to say that you know, I think everybody should have a self storage facility, one in their portfolio, if you're in real estate and, you know, all roads lead to self storage eventually, because I think everybody gets to that place where they do get frustrated and it could be just a day. [00:07:06] It could be, you know, in terms of, "wow, that was a whole lot coming at us." But it doesn't mean that, you know, my recipe is the catch all, you know, when you have just a hammer, everything looks like a nail. And I'm not saying that anybody should go out and do what I have done because we made a lot of money you know, on the residential side and commercial multifamily. [00:07:21] I just found for me, that this self storage really found me instead of me finding self storage. Which I just felt it's a simple, predictable business model that you can replicate over and over again without as many moving parts and that human factor. And so for a knucklehead like me, I think it was the perfect fit to be able to go out and just master this practice and that business model and the standard operating procedures. And then just at scale and at speed go out and just make a go of it. And we grew really fast and never really get over our skis. It was just it's a manageable model as well. And so it just fit for myself. But I would say Jason, when business gets so difficult that it's just absolutely no fun anymore, and it's drudgery... I see many people doing it right now, they're just throwing good money after bad. Well, you know, be honest with yourself, and sometimes the best cook in the world can't fix a broken recipe. And if they find that is the recipe is your business model or just your business in general, then get help. [00:08:13] Or, you know, maybe it's time to take a look at some of their asset classes like self storage.  [00:08:17] Jason: So if somebody's an investor and they're wanting to get into this, there's probably a learning curve. There's probably potential pitfalls. So like, yeah, I've tried my Airbnb. That was kind of difficult. I didn't like having to mess with pricing constantly. Like maybe I should try self storage. I'm curious about what you would say to them and then, you know, if somebody's just an investor and they're just looking to just invest, but they're not wanting to really actually manage storage units, then what path would you recommend? [00:08:45] Scott: So sure. Two paths, but also some folks just take a one and end up achieving the same result. So if this is something that you're looking to do actively you know, of course, Jason, I own, you know, I run an education company. And so we're always going to tell you to get education because the cost of not, you know, you pay the dump tax. [00:09:03] And sometimes we've seen people pay hundreds of thousands of dollars for the dump tax. And that just means that they've gone out and they've watched a couple of videos read a book and all of a sudden they're experts in masters and this is commercial real estate. There's a lot of nuances to it, no matter what the asset class you pick within commercial real estate, but also because it's commercial real estate, there's lots of commas and zeros to profit from it, which is fantastic. [00:09:23] But also if you make a mistake. Those mistakes in underwriting and in other areas also come with commas and zeros behind them as well. And we've seen many a good investor that maybe it was a little prideful or maybe thought that, "Hey, this is an easy asset class compared to what I've been doing. You know, I can do this with one hand tied behind my back." And then they find out that this is an operating business on top of real estate. And there's more nuances to this and they need to dig in and understand what that looks like, because as you know, once you get behind in habitational real estate and rental real estate in general, you know, it takes double the effort to get caught back up again, and if that goes on for a quarter, sometimes people just can't recover. So, you know, we can go into all the reasons why and the mistakes that people have made, but I think just understanding you need to educate yourself. Now, if you're looking to do this passively, in other words, you don't want to take on the credit risk, you don't want to take on, say, the construction risk or a lease up risk of a turnaround or a development project then you can invest passively. [00:10:20] There's a number of REITs out there and we have funds and individual syndications and joint ventures that we do with folks where they come in as a limited partner. They still get equity. They still have ownership. They have a piece of ownership of this property. So they get the depreciation, they get a share of the cash flow, and then the profits upon the sale. [00:10:38] But they don't take on the lease up risk, the development risk, the risk of a project going south no matter what, and or have to go out and create a business, you know, and a team to be able to do so. And along the way, many folks, Jason, they start as passive investors either with one of our projects or others, and by, by just following along, you know, you get that education. [00:10:59] You know, we hold webinars once a quarter and we send out monthly reports and we send out updates as to what's happening with our projects. And so by def facto, our passive investors are getting an education and they earn while they learn the business.  [00:11:11] Jason: Got it. Earn while they learn. Like it. [00:11:15] And that's probably a better path to start out as is to first explore doing it passively to figure out should they jump in and do it more actively.  [00:11:24] Scott: I don't know better. That's not my decision to make. I think some folks, if they have a team in place, you know, they can make that pivot just by learning the business, but it just really depends on where they're at. [00:11:34] I would say that it's It's certainly the safest. And if you have a small amount of capital to set aside to invest in a project, that's the best way about doing it. Because once it comes time to do your own, it's going to take a larger chunk of capital to be able to do so unless you're raising private equity. [00:11:49] So you know I can say that is the best and probably is for most people, but not everybody.  [00:11:54] Jason: Got it. Yeah. Well, a lot of people listening already have some sort of business, a lot of them, they won't just throw it in, jump right into storage units, maybe. But I think a lot of them, it would resonate with them. [00:12:06] "Hey, then maybe this is another way to diversify my portfolio, another way to invest. I would love to do, try it out passively, and then maybe even get some education." for those that maybe heard the beginning of this and they're like, "Man, I don't have to deal with toilets, tenants, trash, and it's real estate. And it sounds so easy." What are some of the things that maybe they have a blind spot to? That somebody, you know, they would learn once they start doing this, it's not all, you know, stars and rainbows and roses with this as well.  [00:12:38] Scott: Right. So, you know, outside of the front end and the due diligence that needs to be done just to make sure that you've bought a solid property from an operational standpoint, which is what you're referring to, you know, what we found is that, you know, a million bucks, 5 million bucks goes a lot further, meaning you buy more doors you buy more square footage and it allows us more doors because these are metal boxes on concrete slabs and they're not, you know, multifamily that has drywall and plumbing and, you know, a lot of HVC, it just goes further. [00:13:03] So that means that there are more units to be able to keep track of. You know, the good news is there's software and we do have property management companies and property managers to handle that and a lot of it is automated, but at the end of the day, you know, it's a large amount of units and a large amount of rental tracking that needs to be done to make sure that the dollars come in the door. On the flip side of that, just because I am a bright side up, kind of guy, you know, we have the ability with our leasing structure within self storage that, you know, it's a 30 day lease automatically renewable. And so anytime that we want to raise the rates, we don't have to wait. It's not an anniversary. It's not an annual lease. It is a month. And so that means on month seven, if we see that the market is changing and the demand is higher and there's a whole lot of development going on, then we can raise the rates in seven months. [00:13:46] We can do it in four months. We can do some nuisance increases in between, you know, either way, and we're very flexible when it comes to that. But then also, the good news is even if people do fall behind in the rent, you know, we have the ability to, or we have the power behind us of the lien laws instead of habitational or versus habitational real estate in which you have tenant and toilet courts. And so when I used to walk out of there, I had a pink piece of paper and very little ability to be able to get my money back and to be able to you know, execute on getting that the money back in the door. [00:14:18] But with self storage and the lien laws. We can put a lock on their unit, lock them out and we don't have to go to court within 60 or 90 days depending upon the state, my manager or an auction company will cut the lock off and open it up for bids on the date that we have an auction and I can recoup my back rent to my late fees and, you know, we are the judge and jury so we don't have to wait. [00:14:36] I know you asked for the pitfalls but, you know, the good side is that you know, even though there's a lot of units to manage the, just because of the nature of the industry and the safeguards that we have in place, it's much, much easier and simpler to handle.  [00:14:48] Jason: Awesome. Cool. Well, yeah, this is very informative. [00:14:51] Tell us a little bit about your education company, what you do there and and maybe how people can get in touch if they're curious.  [00:14:58] Scott: So on the education side, you know, when I got into business, you know, there wasn't an education company out there. There wasn't anybody that I could go to to learn the, you know, the A to Z to the nuts and bolts of the business. [00:15:10] I could certainly go to the trade shows and some of the industry events and I can learn about doors and how to build these facilities and some of the, you know, the bolt on property management software. But there wasn't anybody teaching about the investment side of the business. And so, you know, we scraped as much as we could, you know, leaning on and building on the foundation that we had in commercial real estate already by owning multifamily and office buildings and warehouses. [00:15:30] But just digging into this business and talking to as many people as possible. And I hired a consultant to fill in the gaps and spend a day with him touring his facilities and others that he managed for other investors. And, you know, that's how we grew our you know, bank of knowledge and created our standard operating procedures, at least the foundation of it. [00:15:48] But then after we got into the business a little further down the path and buying facilities I used to run the Real Estate Investor Association here in Indianapolis. And we had 600 folks in the association. And about 300 of them wanted to know about self storage after they saw what we were doing. [00:16:04] And so we started holding workshops and then some of the agents that represent the national speakers in the industry, again, there wasn't a person speaking and experts on the industry. And so they contacted me and one of them assisted me in setting up presentations, the ability to sell tools and resources for folks, and then helped us to create a live events, and thus, our education industry was born. It was really just out of a, I guess, like any good entrepreneur, you see an opportunity in the marketplace and a hole to be filled, and we stepped in and filled that. And so it's evolved from just a home study system, which is, you know, that's such a guru, you know, term to use that what we developed, what we put together was a very extensive business plan with all the tools, the resources and links and software, you know, and everything you need to find, manage, purchase a self storage facility. And that is the name of our home study system. And then that evolved into live events, three day events, which is an immersive workshop and then also for folks that are looking for either one on one or a group coaching and mentoring, you know, begin offering that. And to this day, still offer that. And so we have you know, we're the nation's leading education company in the space. [00:17:14] We've taught more people how to get into the business and grow and scale the business and than anybody else out there in any other organization out there and still going strong at this is what we'd love to do is, you know, we love to take people from zero to 55 miles an hour in storage. [00:17:26] And then in our mastermind and in our other areas, we like to take them from 55 to a hundred and build partnerships and do syndications with them as well. Awesome.  [00:17:35] Jason: Yeah. Sounds very much like our goal here at DoorGrow for the residential space. So what's the name of your education company?  [00:17:44] Scott: Self Storage Profits is the name of the education company. [00:17:46] SelfStorageInvesting.com is the website for all the tools and the resources, a ton of free information, pull downs, white papers, a whole lot to not only just dip your toe in the water, but really to help you get started, and then anything else that you would want or need with regards to coaching, mentoring, attending our live events, it's all located on that page as well, including access to our passive investments as well. [00:18:11] Jason: Very cool. Awesome. Cool. Well, I appreciate you coming on the show, hanging out with us here on the DoorGrow show. It sounds really interesting. I think there's a lot of our clients that are involved in different types of management. And so this may be another one that everybody should maybe take a look at that could be interesting. I think it's fantastic. Or as to do management, you know directly so very cool. Scott, thanks for coming on the show. Appreciate you.  [00:18:39] Scott: My pleasure, Jason. Good to see you again  [00:18:41] Jason: Good to see you. All right So if you are a property management entrepreneur and you're dealing with frustrations, you can go start a storage unit business as well. So appreciate Scott for being on the show. If you would like our help in cleaning up your business so that you don't hate it and getting you out of that first level of exit of doing the frontline work and getting out of the next exit and the next exit until maybe eventually you decide to sell that business, we can help you with that because the more valuable you are to your property management business the less valuable your property management business is to everybody else. And what I find with clients is as we ascend them through these levels of exit, It becomes more and more business that they would enjoy keeping perhaps And so let's see if we can ascend you and get you past that first exit at least, maybe the next exit where you're out of managing the people in the team and you've got an operator and things are really smooth and so if you would like our help here DoorGrow reach out to us at DoorGrow.com And until next time, to our mutual growth. Bye everyone. [00:19:45] you just listened to the #DoorGrowShow. We are building a community of the savviest property management entrepreneurs on the planet in the DoorGrowClub. Join your fellow DoorGrow Hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead content, social direct mail, and they still struggle to grow!  [00:20:11] At DoorGrow, we solve your biggest challenge: getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from today's episode on our blog doorgrow.com, and to get notified of future events and news subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow Hacking your business and your life.

Send us a textAre you making the right moves in self-storage site selection, or are you risking costly mistakes?  In this episode of, Scott Meyers dives deep into one of the most critical aspects of self-storage development: site selection.  Scott explains how to evaluate potential sites, discusses the importance of consulting experts for feasibility studies, and highlights key factors such as zoning, site size, market demand, and competition.  WHAT TO LISTEN FOR03:33 Understanding Zoning and Planning for Your Site07:01 Ideal Site Size for Storage Facilities15:11 Matching Facility Design to City Requirements19:59 Positioning Your Facility Against Competition Leave a rating for this podcast with one click CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Today, Emma Dotter is joined by faithful Watermark member Scott Meyers to talk through Psalm 94. As we think about the atrocities that occurred on September 11th, 2001, we know well the effects of wickedness on the world. How does God's justice and presence bring comfort in a broken world? We see in Psalm 94 that God's response to evil is not distant or removed. He bring justice and redemption through the coming of His Son Jesus Christ.   If you'd like to hear more about Watermark's Re:Generation ministry check out this link: https://www.watermark.org/ministries/regeneration-recovery  Grab a Join The Journey Journal for Psalms: https://a.co/d/7rt0H3g   Got kids? Check out the Psalms Join The Journey Jr. Journal: https://a.co/d/eYBgvUM   You can also check out the Join The Journey Jr. Podcast: https://podcasts.apple.com/us/podcast/join-the-journey-junior/id1660089898

Send us a Text Message.Are you leveraging every financial advantage in your self-storage business?  In this episode, Scott Meyers, the original SELF-STORAGE EXPERT, welcomes back Sean Graham to discuss the benefits of cost segregation for real estate investors, particularly those in the self-storage sector.  Sean, a CPA with extensive experience in real estate and cost segregation, explains how this strategy can significantly accelerate depreciation, providing substantial tax benefits by front-loading expenses.  They cover the financial implications, the potential savings, and the practical application of cost segregation studies, emphasizing the value of understanding and utilizing these financial tools.  The conversation also touches on the efficiency of using virtual assistants for property management and other business operations, highlighting the cost-effective solutions available for real estate professionals. WHAT TO LISTEN FOR02:36 - Benefits of Cost Segregation for Self-Storage Owners07:31 - Detailed engineering studies18:10 - Time Value of Money and Inflation24:45 - Property Management with Virtual Assistants Leave a rating for this podcast with one click Sean GrahamLinkedIn | Maven Cost Segregation | Maven Cost Seg. Email | Maven Success  Get the discount Sean mentionedCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Imagine the booming world of self-storage evolving into something even more specialized and lucrative. In this episode, Scott Meyers chats with Joe Downs of the Belrose Storage Group about the emerging niche of "pro storage" – a unique blend of contractor and RV/boat storage. They explore the untapped potential of this market, the challenges of zoning and site selection, and the high demand driven by shifting consumer trends. Joe shares insights from his journey, emphasizing the importance of strategic location and the growth opportunities in this promising sector.Listen For:02:38 - The Birth of Pro Storage12:38 - The Demand for Contractor Storage24:55 - Overcoming Municipal Challenges34:50 - Demographics and Site SelectionCONNECT WITH GUEST: JOE DOWNSLinkedIn | Website CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us a rating and review on Apple or Spotify.

How is self-storage doing today? What are the benefits of joining a mastermind? Scott Meyers, founder and CEO of Self Storage Investing , shares his knowledge with us.Read this entire interview here: https://tinyurl.com/rt4pvac2You have been doing self-storage for 20 years, how is self-storage doing today?We're bullish on storage. It doesn't matter what the economy's doing, because our asset classes are largely unaffected by what's happening when things are good, people buy more stuff and there's a need for storage so we do well. When there's a contraction in the economy and people are losing their jobs or businesses, it is going a little slower. They have to put their inventory in storage, or they sublease their office or whatever their business looks like and we benefit from that, as well. We are heading into a time that we've been preparing for years, which is kind of the intersection of all that. Interest rates are a little higher and the cost of capital is higher but we are seeing a contraction in the market, which is causing people to downsize businesses.I heard this morning that in Austin, Texas 20% of the workforce is unemployed right now. Some of these companies are laying their people off. But there is a pullback right now, and the jobless rate is a little higher than even what the government statistics would show because we're seeing it and feeling it in the marketplace.Do you think self-storage is being overbuilt in places?You can't say that the industry is overbuilt. If everybody's rates all across the country, were going down and everybody was at 50% occupancy, maybe, but I don't think that we would ever get to that standpoint. There are lots of safeguards in our industry and we do know what it takes to do our homework and understand as developers, what makes this successful self-storage development project. With today's very difficult capital markets: appraisers, lenders, and private equity partners, they are not just throwing money at us, assuming it's going to win, they are forcing and they want to see our feasibility studies and the demand studies that we're doing in the marketplace to understand what a deal looks like before they're going to grant us a loan or loan us our limited partners that are going to come alongside of us or the hedge funds and invest with us. We shouldn't be coming forward if we didn't have that, and we really wouldn't get it anyway.What are some things that you have seen happen at your mastermind?A lot of the things that we've seen are things that we've built in an environment in which all the good things that we see in a mastermind can occur and some of that is true. As we take a step back, we recognize that following the Napoleon Hills model, which is when like-minded people come together and operate at a certain level, good things happen. They share best business practices, they can do business together and so from the beginning, that's the way we designed it. And we see other masterminds out there where they'll just accept anybody into the group, as long as they can write a check. We have an interview process, and it's an exclusive group that we've put into place in the mastermind.When you put a group of exclusive people that are operating at a high level together, it's not one plus one equals two, it's one plus one equals ten and that's what we see, it's the level of business that is done. Our mastermind is not educational by design, like our storage academies and other education products, the mastermind is truly where educated people get together, they do business and they're operating at a different level.What we've seen is...

Turn your savings into a wealth-building machine.Scott Meyers introduces Donnell and Angelique Stidhum, a dynamic duo dedicated to empowering individuals through financial literacy. They share their journey and strategies for leveraging self-directed 401(k)s, real estate investments, and other financial tools to achieve financial security and freedom. Highlighting the importance of community and clear goals, the Stidhums provide a roadmap for transforming traditional retirement accounts into a powerful wealth-building machine. Tune in to discover how to take control of your financial future and achieve your dreams.WHAT TO LISTEN FOR1:31 The Importance of Financial Literacy2:17 Donnell and Angelique's Self Directed Journey17:48 The Power of Self-Directed Investing19:33 Setting Clear Financial GoalsLeave a positive rating for this podcast with one clickGUESTS: Donnell and Angelique StidhumEmail | Website | You Tube | Facebook | LinkedIn | Instagram |  TikTok CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramFollow so you never miss a NEW episode! Leave us a rating and review on Apple or Spotify.

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Join host Tim Mai on "The Hero Capital Raising Show" for an engaging episode with self-storage mogul Scott Myers. Discover Scott's remarkable rise from a novice investor in 1993 to overseeing a vast portfolio of over 14,000 units and $180 million in assets. He shares insights into the stability and growth of self-storage investments, the art of balancing deals with capital raising, and the challenges of expanding a real estate empire. This episode offers a unique glimpse into Scott's strategic approach, his journey through economic changes, and his commitment to community and personal growth. Tune in for an inspiring session filled with valuable lessons for investors at any level.Key Takeaways to Listen ForScott Myers' journey in real estate began in 1993, evolving from a home study program to a major self-storage portfolio.Self-storage investments show resilience, thriving in both economic downturns and prosperous times.Balancing capital raising with deal flow is crucial in commercial real estate, especially for growth and scale.The importance of private equity in achieving nearly 3 million square feet of self-storage space.The impact of economic changes on investment strategies, highlighting the need for adaptability and strategic planning.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedin: Tim MaiYouTube: Tim MaiConnect with UsTo 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.

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. This is The Must-Attend Two-Day event for Real Estate Investors at all levels! And I have a special speaker announcement to make today. Scott Meyers will be our featured speaker on “Self-Storage Investing: Proven Strategies for Success” Scott will be speaking Thursday, February 22 at 4 pm.  And you definitely don't want to miss his presentation. You can go to www.midwestREIconference.com to get your tickets and find out more.

 Tom Steigleman hosts today's show. Anchorage Assembly member Scott Meyers calls in to talk about last night's meeting and shares about Mayor Bronson's veto and gives us an overview of the bonds that will be on April's ballot. Tom talks about Donald Trump's victory in New Hampshire, Trump staying on the ballot in Maine, New Jersey's bag ban backfiring, an amature golfer who couldnt calim a large payout, and Tom warns people about a potential liability of state income taxes if you work from home. Tom interviews Geremy Keeton from Focus on the Family about how to communicate with friends and family about politics. 

 Tom Steigleman hosts today's program Tom talks about Anchorage Assembly member Kevin Cross announcing his resignation from the Assembly, Donald Trump being removed from the Colorado Republican Primary Ballot by the Colorado Supreme Court, and Hunter Biden getting an unlogged ride on Marine 1. Anchorage Assembly member Scott Meyers calls in to get listeners up to speed on what is happening with the Anchorage Assembly and the importance of finding the right candidate to replace Kevin Cross.Tom talks about the upcoming unsealing of and the revealing of up to 180 names involved in the Jeffry Epstein case.Jesse James representing New Season Church calls in about their Reboot Combat Recovery program that starts in January.   Reboot Combat Recovery helps active duty and military veterans recover from the trauma they've experienced.  Find more information and register at RebootRecovery.com.

EP 156: From Building Wealth to Building Dreams: Scott Meyers' Guide to Self-Storage Syndication Scott Meyers and his affiliated companies focus on the acquisition, development, and syndication of self-storage facilities nationwide.  He currently owns and operates over 4,000,000 square feet and over 25,000 units nationwide.  His education organization, SelfStorageInvesting.com, provides courses, tools, live events and mentoring to help others launch their own self-storage business to enjoy a lifestyle as he has coined, “free from tenants, toilets, and trash!”.  His various companies fund and build 4 - 6 houses each year in Mexico by taking his family, staff, and clients on an all-expense paid short term mission trip. HIGHLIGHTS IN THIS EPISODE: 00:00 - Intro 01:46 - Scott's Background 04:47 - Maven Equities 05:37 - Current Market Trends 12:54 - Options for Troubled Assets 16:57 - Developments 20:30 - Class C to Class A 23:35 - Current Strategies and Demand For Storage 26:40 - Midwest Market 30:43 - Fund 35:15 - Mission Trips 41:34 - Scott Recommends 47:51 - Connect With Scott CONNECT WITH OUR GUEST: https://www.facebook.com/selfstorageinvesting https://twitter.com/SelfStorageGuy https://www.youtube.com/channel/UCk9Hli37NUUu3EKxwXlIQNw https://www.linkedin.com/company/self-storage-investing/ https://www.instagram.com/self_storage_investing/ CONNECT WITH OUR HOST: Connect with Sean Graham to discuss self-storage syndication investment opportunities at Maven Equities or to sell your self-storage facility without a broker. https://www.mavenequities.com/ https://www.mavenstorage.com/ http://www.mavensuccess.com/ Linktr.ee/seangraham ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/ #realestate #successmindset #financialfreedom #investing #goals #selfstorage #selfstorageinvesting #purpose #mission #successpodcast #investinginrealestate #mentorship #mentor #moneymindset #integration

In this episode, Mike C-Roc sits down with the dynamic and accomplished entrepreneur, Scott Meyers. Scott is a powerhouse in the world of real estate, particularly in the self-storage industry. With over 30 years of experience and a portfolio that includes over 4 million square feet and 25,000 units nationwide, Scott has truly mastered the art of self-storage investing. The conversation kicks off with Scott sharing his journey and the evolution of his career. From his early days working in corporate sales for Fortune 500 companies to the pivotal moment in 1999 when he lost his retirement savings in the dot com crash, Scott's story is one of resilience and strategic decision-making. As the discussion unfolds, Scott delves into the world of self-storage investing, highlighting the key factors that drew him to this niche. He breaks down the appeal of self-storage, emphasizing the cash flow and the freedom it provides from the traditional challenges of real estate such as dealing with tenants, toilets, and trash. Throughout the episode, Scott and Mike explore the emotional aspects of entrepreneurship, discussing the impact of emotions on decision-making and intelligence. They share personal experiences of facing self-doubt and negativity, especially during the early morning hours, providing insights into overcoming these challenges and staying focused on the path to success. The conversation takes an inspiring turn as Scott reveals his commitment to giving back. Not only does he operate a successful self-storage business, but he also leads initiatives to build houses in Mexico, changing lives and breaking the cycle of generational poverty. Listeners will gain valuable insights into the mindset of a seasoned entrepreneur, understanding how Scott's scar tissue from years in the real estate and private equity sectors has shaped him into a calm and collected decision-maker. Whether you're an aspiring real estate investor or someone looking to glean wisdom from a seasoned professional, this episode with Scott Meyers offers a wealth of knowledge, motivation, and a glimpse into the fulfilling world of self-storage investing. Tune in to discover how Scott has built a life of financial freedom and purpose, and learn how you can unlock similar success in your own journey. Website: https://selfstorageinvesting.com Social Media Links/Handles: https://www.facebook.com/selfstorageinvesting https://www.instagram.com/self_storage_investing/ https://www.linkedin.com/in/scottameyers/ https://www.youtube.com/user/SelfStorageInvesting Email- info@selfstorageinvesting.com

Episode 150: Bob Leonetti has helped more regular people just like you to make money with real estate paper and low money down note and paper strategies than almost anyone else in the United States. With more than 18 years teaching/coaching experience, thousands of satisfied students, 8 books and countless educational seminars, video, audio and other real estate finance products to his credit, no one knows ins and outs of the note and paper business like Bob does. He's a former Mortgage Banker and currently president of Austin-based SMI Funding, a spinoff from the company he founded in 1992 and took public in 2000: Success Financial Services Group. Bob has presented on almost every major real estate stage in the industry, including Ron LeGrand, Chris McLaughlin & Nathan Jurewicz, Scott Meyers, Richard Roop and Ben Pargman, to name just a few. Bob is involved in numerous private money raising deals and through notes, regularly assists private lenders in obtaining returns far in excess of what they could earn in traditional bank type investments. Regularly buying paper all over the country, Bob's creation of Paper Power is the culmination of 18 years in the paper buying industry. Bob's community involvement includes ongoing support of the Toys for Tots program of the United States Marine Corps, which provides Christmas gifts to children. He currently pursues his passion for travel by “getting away” whenever he can, and his music passion by performing with various choral groups, the most recent of which is the Austin Symphonic Choir. He currently refers to himself as a “recovering” mortgage banker, and spends his time pursuing his passions of real estate investing, writing, teaching, and of course, cooking and winemaking. What you'll learn about in this episode: What it means to be in the note business How you can utilize notes to receive payments for cash How to sell a house with owner financing, sell a note, and cash out What the difference is between loan to value and investment to value Bob's deep dive into the process and how to create liens to keep a steady cash flow Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Get Ron's $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC150 Additional Resources: www.thementorpodcast.com/paper www.nationalnotefunding.com Bob's personal number: 512-970-7620

Scott Zucker, a lawyer specializing in the self-storage industry, discusses the evolution and future of the industry with host Scott Meyers. Zucker highlights the importance of understanding and complying with the legal aspects of running a self-storage business, especially as the industry continues to evolve with technology and market demands.  He also emphasizes the need for operators to keep their documents and operations in line with legal requirements to avoid potential liabilities.  WHAT TO LISTEN FOR19:51 Why industry ownership is the reverse trend to other industries like assisted living and hospitality24:23 Consolidation trends44:10 Scott's predictions for the self-storage industry in 202448:31 The lending landscape includes troubled commercial loans on the macro level  ABOUT SCOTT ZUCKERScott is a founding partner of the Atlanta-based Weissmann/Zucker law firm. He's been a legal practitioner since 1987, specializing in representing self-storage owners and managers on a range of legal matters from property development to tenant claims defense. He's an external counsel to the national Self Storage Association and legal advisor to various state self-storage associations.  CONNECT WITH SCOTT ZWebsite | Website for Self Storage Law  CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

Backed by decades of experience producing exceptional clinical outcomes, Kintinu Telerehab connects recovery to everyday life. In this podcast, we explore hot topics in rehabilitation, the keys to personal growth and recovery, and how to apply it all to the real-world.Picture a world where technology and human compassion join forces to revolutionize rehabilitation. In this episode of Kintinu'd Conversations, Brad Dexter sits down with QLI CEO Patricia Kearns and CTO Scott Meyers, as we navigate the cutting-edge world of technology in the rehabilitation setting. From integrating robotics to employing artificial intelligence, we're pushing boundaries to enhance the lives of the people we serve.We discuss the role of the research and development team at QLI, and how we need an "all hands on deck" mentality to explore new technology within our company. As we look into the future, we delve into the importance of building partnerships and leveraging technologies. We are proactively influencing product makers to better cater to individuals with different communication and physical abilities, and ensuring that QLI continues to emerge as a trailblazer in the field of rehab. So, tune in to this enticing episode and imagine a world where technology and empathy work hand in hand to create a future full of possibilities.Listen to the episode on Spotify, Amazon Music, Apple Podcasts, and Buzzsprout, or on your favorite podcast platform.

Scott Meyers and his affiliated companies focus on the acquisition, development, and syndication of self-storage facilities nationwide.  He currently owns and operates over 4,000,000 square feet and over 25,000 units nationwide.  His education organization, SelfStorageInvesting.com, provides courses, tools, live events and mentoring to help others launch their own self-storage business to enjoy a lifestyle as he has coined, “free from tenants, toilets, and trash!”.  His various companies fund and build 4 - 6 houses each year in Mexico by taking his family, staff, and clients on an all-expense paid short term mission trip. HIGHLIGHTS IN THIS EPISODE: 00:00 - Intro 01:46 - Scott's Background 04:47 - Maven Equities 05:37 - Current Market Trends 12:54 - Options for Troubled Assets 16:57 - Developments 20:30 - Class C to Class A 23:35 - Current Strategies and Demand For Storage 26:40 - Midwest Market 30:43 - Fund 35:15 - Mission Trips 41:34 - Scott Recommends 47:51 - Connect With Scott CONNECT WITH OUR GUEST: https://www.facebook.com/selfstorageinvesting https://twitter.com/SelfStorageGuy https://www.youtube.com/channel/UCk9Hli37NUUu3EKxwXlIQNw https://www.linkedin.com/company/self-storage-investing/ https://www.instagram.com/self_storage_investing/ CONNECT WITH OUR HOST: Connect with Sean Graham to discuss self-storage syndication investment opportunities at Maven Equities or to sell your self-storage facility without a broker. https://www.mavenequities.com/ https://www.mavenstorage.com/ http://www.mavensuccess.com/ Linktr.ee/seangraham ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/

For Russ Sorrells, business success comes down to four main areas of focus: being sure you have the right people and looking after them, having a clear purpose and mission, developing the right playbooks to execute the strategies, and performance.  People, Purpose, Playbooks, and Performance. The Four P's that drive success. WHAT TO LISTEN FORReal tips for how to grow and scale your self-storage businessHow to go from chaos and complexity to simplicity and prioritizationAvoiding the “Accidental Culture”Why “People” is the best investment you can make  ABOUT (RUSS SORRELLS)Russ is the founder of Own Your Category and founder of Capital Equipment Sales Mastery. He has 27 years' real world business experience and has owned and operated multiple seven figure businesses with more than 500 capital projects closed. CONNECT WITH (RUSS)Russ@ownyourcategory.comWebsite https://www.ownyourcategory.com/   CONNECT WITH US Website: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Dive into this exciting episode with Scott Meyers as he explores self-storage facilities and the growing demand for this asset class among savvy investors. Join us to uncover its unique advantages and reveal how this emerging industry reshapes the real estate market. Seize this chance to know more about this lucrative investment today!WHAT TO LISTEN FORCompelling reasons to invest in self-storage facilities Opportunities in the self-storage industry and effective strategies to leverage themKey metrics for evaluating self-storage market competition and potentialFactors to consider when seeking investment advice Advantages of joining self-storage investing masterclassesRESOURCE/LINK MENTIONEDWalgreens:  https://www.walgreens.com/ ABOUT SCOTT MEYERSScott is the founder and CEO of Self Storage Profits, Inc. He is known as the nation's leading Self Storage "Guru." He has imparted his strategies to numerous individuals throughout the country, creating several millionaires.Throughout 14 years, he has transitioned from renovating inexpensive homes in need of repair worth $24,000 to rehabilitating various multi-family apartment complexes, industrial buildings, and office complexes. Presently, he is content with dedicating his efforts exclusively to acquiring and constructing state-of-the-art Self-Storage Facilities worth millions of dollars.CONNECT WITH SCOTT Website: Self-Storage Investing: https://selfstorageinvesting.com/ CONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim LyonsConnect with us via Email: greg@citysidecap.com | tim@citysidecap.com

Success started for Eric Brewer making $7 an hour as a lot porter – parking Mercedes and Toyotas a local new car franchise. Good thing he wore that double breasted suit to the interview. But hard work, listening to his dad, and some good contacts led to more and more opportunities. Eventually he came to realize, he was good at selling. WHAT TO LISTEN FOR Why some of the best sales managers, aren't actually very good at selling How building a culture leads to success The power of decentralized command Accepting your team's mistakes as part of the path to perfect execution   ABOUT (ERIC BREWER) Since 2006, Eric has done over 3,000 residential real estate deals in Pennsylvania and Maryland. His experience covers a wide range of deal types and strategies including novations, wholesaling, flipping, construction, director-to-seller marketing, turnkey rentals, and property management.  CONNECT WITH (ERIC) Website https://brewermethod.com/home Email info@brewermethod.com   CONNECT WITH US  Website: https://www.selfstorageinvesting.com/ Facebook: https://www.facebook.com/selfstorageinvesting Twitter: https://twitter.com/SelfStorageGuy LinkedIn: https://www.linkedin.com/in/scottameyers/ Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/  Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

With any investment, there will always be some risk. But some investments are safer than others. Take the self-storage facility, for example. You may not have considered it as a potential investment opportunity, but self-storage is actually a wise and safe investment. In today's episode, Russ and Joey chat with Scott Meyers, founder and CEO of Self Storage Profits, Inc., about the potential of self-storage as a pathway to financial freedom. They also discuss how deals are made in self-storage. So if you're looking for a place to make your money work, this episode might lead you down the right path. Top 3 Things You'll Learn:Why investing in self-storage facilities is an excellent way to become financially freeFactors to consider when deciding to purchase a property to be used as a self-storage facilityWhat qualities to look for when hiring an operator or a manager for your facilityAbout Our Guest:Scott Meyers is the founder and CEO of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. He has acquired, sold, developed, and converted over 40 facilities totaling over 25,000 units and over 4 million square feet of storage. Scott is also a Forbes Real Estate Council Member, speaker for ISS (Inside Self Storage), the SSA (National Self Storage Association), and the host of The Self Storage Podcast.Connect with Scott Meyers:Website - https://selfstorageinvesting.com/Invest in Self-Storage The Right Way: https://selfstorageinvesting.com/Rich Dad Poor Dad by Robert Kiyosaki: https://store.richdad.com/collections/books/products/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-notJoin the Inner Circle LIVE on August 25-27, 2023: https://go.wealthwithoutwallstreet.com/innercirclelive-2Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallTurn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passport

Confidence is key! I had the opportunity to interview one of the greatest self storage syndicators and fund managers in the country on the show! If you are not speaking with this kind of conviction in your business you may want to take some notes!   In the full episode we covered:    Single Family doesn't have economies of scale Multifamily has Tenants and Toilets Forcing Appreciation Self Storage was the most feasible choice Hedge against rental defaults by selling the stuff inside the storage units Less repairs and maintenance Adding Square Footage Self Storage Development Retail/ Industrial to Storage Conversions Why Self Storage over other asset classes It's called the trauma and transition business The longest running content creators get the greatest traction Value Add plays in self storage Adding (30) additional income streams  Market Selection and feasibility studies Delays are the costliest part of construction Lost opportunity cost Identifying city appetite for projects and seeking roadblocks before hand Considering how to build as fast as possible Using Fund Structures Capitalizing on depreciation Sources of capital and partnership structures Writing for Forbes Raising Capital Philosophies Fund Administration Being an Educator with an Academy High Level Masterminds   Find Scott at https://selfstorageinvesting.com/   Get all your syndication and capital raising marketing at pitchdecks.com  If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

Scott is absolutely amazing, I would follow this man to the promised land. Today we dove into all aspects of self storage syndicating and I think you guys are in for a real treat!   We covered the following: Single Family doesn't have economies of scale Multifamily has Tenants and Toilets Forcing Appreciation Self Storage was the most feasible choice Hedge against rental defaults by selling the stuff inside the storage units Less repairs and maintenance Adding Square Footage Self Storage Development Retail/ Industrial to Storage Conversions Why Self Storage over other asset classes It's called the trauma and transition business The longest running content creators get the greatest traction Value Add plays in self storage Adding (30) additional income streams  Market Selection and feasibility studies Delays are the costliest part of construction Lost opportunity cost Identifying city appetite for projects and seeking roadblocks before hand Considering how to build as fast as possible Using Fund Structures Capitalizing on depreciation Sources of capital and partnership structures Writing for Forbes Raising Capital Philosophies Fund Administration Being an Educator with an Academy High Level Masterminds   Find Scott at https://selfstorageinvesting.com/   Get all your syndication and capital raising marketing at pitchdecks.com  If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

Today's guest, Scott Meyers, began his career in real estate before switching to a business "free from tenants, toilets, and trash!" Self-storage proved to be exactly what Scott was looking for, giving him more freedom and control over his investments. This also allowed Scott and his family to begin giving back through the building of houses in the Dominican Republic. To hear more about Scott Meyers and his story, please make sure to tune into this week's episode of The Road to Financial Freedom.FREE TOOLKIThttps://camaplan.typeform.com/freetoolkitFor more information on Scott Meyers:Facebook: https://www.facebook.com/selfstorageinvesting Twitter: https://twitter.com/SelfStorageGuy LinkedIn: https://www.linkedin.com/in/scottameyers/ YouTube: https://www.youtube.com/user/SelfStorageInvesting Instagram: https://www.instagram.com/self_storage_investing/ For more information on CamaPlan:https://www.camaplan.com/Call the number below during business hours (8:30 AM - 5 PM EST) to schedule a phone consultation with CamaPlan:Phone: (215) 283-2868 Toll Free: (866) 559-4430.Follow our Podcast to stay up to date with upcoming guests, and other relevant topics:Website: https://www.RoadtoFinancialFreedomPodcast.com Facebook: https://www.facebook.com/CamaPlanPodcast/Instagram: @TheRoadtoFinancialFreedomPodLinkPage: https://linkpages.pro/EclTdARemember to like, follow, and share on your favorite podcasting platform!CamaPlan SDIRA, LLCCamaPlan, a self-directed IRA administrator, makes alternative investing a breeze for clients.The Road to Financial Freedom is Social! Check us out on Facebook & Instagram!!

What do you learn after investing in a real estate deal that almost costs you your company? It's to make sure no one makes the same mistake you made. In this episode, we are joined by the Founder of Self Storage Investing, Scott MeyersHe talks about his journey in real estate and what made him get started in the self-storage business. He also shares his investing plans for 2023 and how he plans to educate more people about the ins and outs of investing in self-storage.Who is Scott?Scott Meyers is known as the Nation's Leading Expert in the self-storage business. He has been the architect of dozens of extremely successful real estate transactions since he began his real estate career in 1993.Over the past several years, he and his partners have purchased more than 25,000 units totaling more than 4 MILLION square feet of self-storage across the country. And in the Self Storage Academy, they will show you exactly how they did it!Contact Scott:Website: http://selfstorageinvesting.com/LinkedIn: https://www.linkedin.com/company/self-storage-investing/FB: https://www.facebook.com/selfstorageinvestingIG: @self_storage_investingYT: https://bit.ly/3UbbBgtTwitter: @SelfStorageGuyShow notes:[3:20] How did Scott get started in self-storage?[10:30] Why is America the storage nation?[15:31] How many recessions has his self-storage business seen?[20:00] Why is self-storage a good investment during a recession?[24:05] Does he see himself going into the warehouse space?[26:28] What is Scott's growth plan in 2023?[29:47] On the impact that he's making[33:43] How Scott thinks outside the stocks?[36:38] Where to learn more about Scott?[37:24] Rapid fire[43:09] OutroThink Outside The Stocks brings you industry experts and guests to share their knowledge and expertise. To invest with them directly, please do your own thorough partner and investment due diligence.To participate in the thoroughly vetted investments and strategic partners alongside us as our passive partners, join our Investor Inner Circle for FREE Access FREE investor education, and join our community in the members-only area.To start your journey, download Active Cashflow with Passive Real Estate Investments.Read the full description at https://thinkoutsidethestocks.com/podcastCONNECT WITH MADHAVI JAIN: LinkedIn, FB or IG Disclaimer: This podcast is for education and information purposes only, not an investment opportunity or financial advice. Please do your own due diligence and consult your tax, legal or financial advisor, etc., to invest.

Scott Meyers and his affiliated companies own and operate more than 2.4 million square feet across over 14,000 units of self-storage facilities. His education company, SelfStorageInvesting.com, provides courses, tools, live events, and mentoring to help others launch their own self-storage business “free from tenants, toilets, and trash!”

Scott Meyers and his affiliated companies focus on the acquisition, development, and syndication of self-storage facilities nationwide.  He currently owns and operates over 2,400,000 square feet and over 14,000 units nationwide.   His education organization, SelfStorageInvesting.com, provides courses, tools, live events, and mentoring to help others launch their own self-storage business. His various companies fund and build 4 - 6 houses each year in Mexico by taking his family, staff, and clients on an all-expense paid short-term mission trip.  Scott understands the importance of a balanced life and has successfully leveraged his knowledge in real estate to achieve time freedom while building wealth. He is an expert at outlining strategic visions that create multiple pathways for financial independence - allowing him to enjoy both professional success and quality family time. Scott reveals how investing in self-storage can be a sustainable, profitable venture even amidst today's tumultuous economic climate. He delves into the operational aspects of this investment and provides insight into gaining an edge over competitors. In this episode, Scott dives deep into an exciting realm of innovative business models. Don't miss out on the opportunity to expand your knowledge! In this episode, we discuss:  -How it all started for Scott.  -A walkthrough of Scott's foundation and mission field.  -Scott's vision and wealth strategy.  -Specifics on Self Storage and how it's a sustainable investment.  -Scott's experience on elevating your wealth trajectory.  Connect with Scott Meyers:  www.selfstorageinvesting.com  Connect with Pantheon Investments:  Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/  Website: www.pantheoninvest.com  Podcast: www.pantheoninvest.com/podcast  Facebook: https://www.facebook.com/PantheonInvest  Instagram: www.instagram.com/pantheoninvest  LinkedIn: https://www.linkedin.com/company/pantheon-invest  Twitter: https://twitter.com/Pantheon_Invest   Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ  Holistic Wealth Strategy Book:https://www.amazon.com/Holistic-Wealth-Strategy-Roadmap-Financial/dp/B089CS58F1  Email: info@pantheoninvest.com

Scott Meyers knows all about building bulletproof cash flow with self-storage. Here, Scott and I talk about his journey from single-family to self-storage and how he teaches others about his strategy. We also cover the benefits of self-storage, like easier rent management and current demand, the relationship between multifamily and self-storage, and Scott's approach to finding new markets.

Self-storage has been one of the best performing real estate asset classes over the past two decades, especially in uncertain economic times. Join Jim Pfeifer as he talks to real estate investor turned self-storage investor, Scott Meyers. Self-storage is a simple and predictable asset class and Americans love to store their stuff - in good times and in bad times. You can add value and raise rents much more quickly than in multifamily and other assets. Tune in to learn how the storage business works, how to vet sponsors, analyze deals and become a successful passive investor in self-storage! 

Scott Meyers is joining us in this episode of Raising Private Money to discuss the opportunities in the self-storage niche.Scott started his journey into real estate by rehabbing and renting out a property, eventually growing his business into the sizeable portfolio that it is today. He and his affiliated companies now focus on self-storage, owning and operating over 2,000,100 square feet nationwide.Scott is also dedicated to educating on the many benefits of self-storage investing. Jump in as he shares his knowledge with us!Key Takeaways:The benefits of real estate: appreciation, borrowing to invest, and more.Laws on self-storage give owners more free reign when handling problematic renters.Self-storage units have fewer problems to address once a renter leaves.Do self-storage sellers entertain seller financing and carry a note?What are the ways to find self-storage deals?Is self-storage a great opportunity for a new investor?The biggest difference in Scott's self-storage business between before and after COVID-19.Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!Get it here for FREE: www.jayconner.com/moneyguideSign up for the Private Money Academy and get 4-weeks free: https://jay-conner.mykajabi.com/offers/AMM4hCPW/checkoutConnect with Scott:Website: www.selfstorageinvesting.comFree Training: The Seven Mistakes That New Self-Storage Investors Make and How to Avoid Them

This week on Every Rom Com, we continue our Self-Help series with a blind date gone sideways in the 2015 film “Man Up.” We’ll talk about personal mantras and resolutions, discuss the fictional self-help book “Six Billion People And You”, and give some ideas for good first date questions. We’ll also take a look at Tess Morris, a screenwriter who improves the wacky misunderstanding genre by moving the uncomfortable truth into the second act. Tune in and find out why we all enjoyed this Lake Bell/Simon Pegg rom com! 0:00-7:36 Introduction, Sophia’s Self-Help Recommendations 7:36-13:30 TRAILER, Basic Info, Interesting Facts https://collider.com/lake-bell-man-up-secret-life-of-pets-interview/ https://www.theguardian.com/film/2015/may/28/simon-pegg-i-find-it-very-hard-to-write-for-women-man-up-tess-morris https://www.standard.co.uk/culture/film/lake-bell-and-tess-morris-on-man-up-woman-s-hour-and-the-female-comedians-they-would-invite-to-a-pillow-fight-10280669.html Be sure to check out Scott Meyers’ blog, for the Tess Morris interview we cite here, as well as his many other interesting articles and interviews!: https://gointothestory.blcklst.com/interview-part-1-tess-morris-man-up-c323bba69e8a 13:30-16:35 General Opinion 16:35-30:48 Cast & Crew In-Depth More Info On Lake Bell’s Audiobook: https://www.gq.com/story/lake-bell-inside-voice Lake Bell’s Audio Book Inside Voice: https://www.pushkin.fm/audiobooks/inside-voice More Info On Simon Pegg: https://www.outlookindia.com/art-entertainment/simon-pegg-rehab-saved-my-life-from-ruin-by-alcoholism-news-202094 https://www.theguardian.com/culture/2018/jul/09/simon-pegg-alcoholic-addiction-rehab-fatherhood-tom-cruise 30:48-42:25 Opening Of Movie, Nancy’s Mantras, Mantras And Resolutions In Our Lives

Today Jonny speaks with Scott Meyers, the Founder of Self Storage Profits Inc. Scott has been involved in the self-storage industry as a developer, owner, syndicator, and operator since 2005.They discuss:1. How he broke free from tenants, toilets, and trash2. How he built his team with the right people3. Dynamic underwritingScott Meyers and his affiliated companies focus on acquiring, developing, and syndicating self-storage facilities nationwide. He currently owns and operates over 2,400,000 square feet and over 15,000 units nationwide. His education organization, SelfStoragelnvesting.com, provides courses, tools, live events, and mentoring to help others launch their own self-storage business to enjoy a lifestyle, as he has coined, “free from tenants, toilets, and trash!”. His various companies fund and build 4 – 6 houses yearly in Mexico by taking his family, staff, and clients on an all-expense-paid short-term mission trip.Learn more about Scott:Website: https://selfstorageinvesting.com/Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Real estate can become complex, but you can always opt for simplicity in the way you manage the business. Do you want to get into real estate without the hassle of tenants, managing people, dealing with repairs and maintenance, toilets, and trash? That is what we have to dive into in this episode, how to run things simply, even during hard times and still earn more. Scott Meyers and his affiliated companies focus on the acquisition, development, and syndication of self-storage facilities nationwide. He currently owns and operates over 2,400,000 square feet and over 14,000 units nationwide. His education organization, SelfStorageInvesting.com, provides courses, tools, live events, and mentoring to help others launch their own self-storage business to enjoy a lifestyle, as he has coined, "free from tenants, toilets, and trash!". His various companies fund and build-6 houses each year in Mexico by taking his family, staff, and clients on an all-expense paid short-term mission trip. In this episode, Scott shares how he loves the simplicity of running self-storage facilities and still earning well even during economic downturns. As he said, this is one investment portfolio that has repeatedly proven itself that works best even in the most trying times. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you will learn from this episode for 17 minutes: Discover one investment strategy that is recession-resistant. Learn about the benefits of having self-storage facilities in your portfolio. Find out how you can get started with this investment portfolio even with meager or no money in your hands. Resources: For all things self-storage, passive or active, click here: https://selfstorageinvesting.com/ Topics Covered: 01:31 - Is self-storage recession-proof? 02:47 - Number of reasons people utilize self-storage 04:33 - In what instances does self-storage not an advantage in a recession 06:03 - The time when auctions go up at the same time as accounts receivable 07:49 - Benefits of having a self-storage included in your portfolio 10:11 - What it looks like managing individual facilities nationwide 12:01 - When do you need someone in person to manage the facility [plus the ancillary income streams coming from managing self-storage] 14:36 - How to get started with self-storage with not much money to spend on it 16:42 - Where you can learn all things self-storage Key Takeaways: "When we hit a recession, people downsize, businesses downsize. When there is trauma in their lives or their business, they downsize. And then they put stuff in storage until things turn back around again. And so, we see a spike in demand for storage during a recession." - Scott Myers "In self-storage, if somebody doesn't pay you, you put an overlock on their unit on the sixth day, and then after 90 days or 60 days, depending upon what state you're in, then you get to sell their stuff off, and the unit opens up again, and you're able to move in the next person waiting in line." - Scott Myers "Just from a simplicity standpoint, we would rather manage people's stuff than manage people, and we can use technology to run our facilities." - Scott Myers Connect with Scott Meyers: Website: https://selfstorageinvesting.com/ Connect with Dave Dubeau: Podcast: http://www.propertyprofitspodcast.com/ Website: https://davedubeau.com/home Investor Attraction Workshop: http://www.investorattractionworkshop.com/ Facebook: https://www.facebook.com/thedavedubeau LinkedIn: http://linkedin.com/in/davedubeau  

On today's episode, Jimmy interviews Scott Meyers and they discuss the house build that they just completed in Mexico last week.

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Join the conversation with RADD CEO Dutch Mendenhall and his long-time friend, Self-Storage Giant Scott Meyers, in this episode of the RADD Podcast. Listen as the two business leaders discuss the importance of leadership and the value of integrity and faith. Also, hear Scott Meyers break down his preparation for a recession and how he thinks interest rates affect the economy. (02:20) Scott, what's going on(03:30) You're on a consistent growth journey (05:10) What's your weakness as a leader(07:26) No gray area when it comes to business(09:15) What are the most important traits of an organization(14:30) I am more interested in what we are building(18:15) What do you think about the raising of interest rates(22:30) They are breaking cash (25:20) The greatest wealth transfer in history (32:00) Raising interest rates bad for startups (35:00) What are you doing to adjust for high-interest ratesThe RADD Podcast: Explore Wealth is an exploration of Wealth, Finance, Business, and Entrepreneurship. Hosted by Dutch Mendenhall, founder of RAD Diversified and visionary behind the American Survivalist Project. The Topics of Discussion include Alternative Investments, Real Estate, Tax Auctions, REIT‘s and more. Episodes are posted weekly, enjoy.9 Horrible Mistakes Investors Make Selecting A Property Downloadable PDF RAD Diversified.comThe RADD Podcats YouTube Channel View RAD Diversified Offering Circular

Where is the best place to learn self-storage? You may have already known the benefits of investing in the self-storage space, but you may still be wondering where to start learning more about it. Scott Meyers and his affiliated companies own and operate more than 2.4 million square feet across over 14,000 units of self-storage facilities.  He talks about in this episode his outlook on the self-storage space and the ways aspiring investors can buy and operate storage facilities on their own. He also shares some resources to learn the basics of investing in this recession-resistant space.    [00:01 - 04:05] Opening Segment This is the reason Scott Meyers jumped from single family homes to self-storage Why the self-storage industry can survive a market crash like the one in 2008 [04:06 - 09:58] Why Self-Storage is Recession-Resistant What's happening in the real estate market when valuations are going down? Scott explains what bridge debts are How investors can find what Scott calls “conversion opportunities” [09:59 - 15:52] How to Protect Your Assets From Rising Interest Rates Self-storage facilities have not been owned by real estate investment trusts yet Here's why Interest rates are rising, and this is how Scott's team is protecting their assets If you're planning to get into the self-storage space, here's what you need to know Listen to Scott [15:53 - 17:35] Closing Segment Your way to making the world a better place Ending generational poverty through building houses Reach out to Scott Links below Final words   Tweetable Quotes “We're in the middle of a big roll-up in self-storage again, where this is one of the last few frontiers in commercial real estate that hasn't been rolled up and owned by the [real estate investment trusts].” - Scott Meyers “You really need to master the art and the science and the math behind underwriting for any piece of commercial real estate. You need to understand the asset class and the nuances of it.” - Scott Meyers “You've got to determine what your values are in your organization, your core values that you hold near and dear to you…and then you hire based upon [them].” - Scott Meyers -----------------------------------------------------------------------------   Email scott@selfstorageinvesting.com to connect with Scott or follow him on LinkedIn. Create wealth through self-storage by visiting Self Storage Investing today!  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: Scott Meyers  00:00 We syndicate just about everything that we've done in the past five or six years. So we have private equity involved, and they want their money back within four or five, six years, they don't want to tie it up any longer than that. So our projects are modeled out. And then also, you know, during that time, that's when you create the most value, you buy a piece of dirt and you put an income stream on it, build a building and put an income stream on it, you've created a lot of value. And then after five years when it stabilized, and the value goes up a little bit with rental increases, maybe get better at expenses, but that value is created in the first four to five years.   Intro  00:27 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:39 Scott Myers and his affiliated companies, they focus on acquisition, development and syndication of self-storage facilities nationwide. They own and operate over 2,400,000 square feet and over 14,000 units. Scott, welcome to the show.    Scott Meyers  00:53 Thanks, Sam. Good to be here.    Sam Wilson  00:54 Hey, man, the pleasure's mine. Same three questions I ask every guest who comes to the show. In 90 seconds or less, can you tell me where do you start? Where are you now? How'd you get there?   Scott Meyers  01:00 Yeah. So we started in single family homes with the Carlton sheets home study system bought a bunch of houses got into apartments after that, realize that we did not like tenants, toilets and trash. So we got into self-storage and by way of the only other former real estate that doesn't have tenants, toilets and trash, except for parking lots. And so we sold everything else off. And since then we've done nothing but buy acquire, develop, convert nothing with self-storage facilities. And that's how we got to where we are now.   Sam Wilson  01:30 Man, that's absolutely amazing. When was that transition year for you?   Scott Meyers  01:33 2005 is when I bought my first self-storage facility, and then the balance in 2006. And a little bit into 2007 is when we sold our last apartment complex.   Sam Wilson  01:41 Okay, cool. Self-storage in 2005. Walk us through the 2008, 2010 era, what happened, then how does storage survive?   Scott Meyers  01:49 Yeah, you know, self-storage is second only usually to the liquor industry in terms of performing well, during a downturn, you know, nobody can go on vacation or do anything else. But they can certainly take a little liquid vacation. And so liquor industry does very well. And so storage usually does a sector of the economy does about as good. We're somewhere in the top five. And that's because businesses downsized during that time. And so they stuck excess inventory and furnishings into those storage facilities. They either downsize or they close up shop period, individuals lost their jobs. And so they move back home, they move in with friends, family, whomever, and they put their extra goods into storage until things turn back around again, in that time zone get better. And so for those reasons, you know, starts does very well, during a recession, we do very well, when times are good, people buy more stuff, and we go up into the right, when we come into a recession, we get the hockey stick effect. And so that's what we saw during that time as well. I was in self-storage. And I wish I had more lenders and more private equity partners because we would have done a huge land grab bigger than we did, you know, at the time, because we realized that there's a whole lot of folks that got into the business, you know, during the good times, and they leveraged them up to 90% and they got some appraisals that may be a little higher than they should have been. And then they didn't do anything. They didn't bother to create any value in them. So then 2010, 2011 comes along, and it was time to refinance their 90% loan and now the banks were at 65 or 70%. And they didn't create value. So they were handing the keys over to the banks where they were having to sell it off. And so we were the benefactor of some of those. I'll be honest with you, Sam, had we known, we know now, you know, we absolutely would have had more lending relationships and would have raised more private equity and had more cash. But we did we sold off on we sold in 2007, the bulk of our portfolio and I can't say I can't put any credit, give any credit to myself for being smart enough to see what was happening. We just created a value in most of our portfolio and exited at that point. And we were just getting ready to redeploy and we did, we just didn't do enough of it. So this time around, we've learned we had a whole lot of lending relationships, and we learned how to raise private equity through the years. And we are getting ready for the biggest land grab and self-storage coming into this next recession, which we're heading into, you know, some say this month when we hit our first rate hikes. So we have been teed up and ready for this one since 2010 or ‘11 now.   Sam Wilson  04:06 So walk me through that, you said you guys sold most of what you own a, 2007. That was in the multifamily space or that was in self-storage?   Scott Meyers  04:13 Yeah, that was a little bit of both. We sold off all of our apartment complexes as well as our houses, we bought some single self-storage facilities and not any portfolios, but just single story, you know, mom and pops, turn them around and then sold some of those off and then heading into eight and nine, we were still selling it at that point as well. We created enough value, interest rates had come down because the federal government was trying to spark the economy again. And so storage was on a high and so we created a value in these that we were selling during that time as well as acquiring but just certainly, you know, hindsight is always 20/20 I wish we would have had more to be able to do more.   Sam Wilson  04:48 Right, now walk me through the example you gave of people turning over the keys to self-storage facilities. How did that happen? Again, I mean hearing the self-storage is recession-resistant. Why were people losing their properties?   Scott Meyers  05:01 Mm-hmm. Yeah, good question. Well, when times are good, I think there's a false sense of security out there from folks that get into the business when times are good. And they could do no wrong, Thanks for lending at 90%, that the self-storage sector was absolutely on a tear at that time. And so, you know, anybody that could fog a mirror would walk into a bank and get a loan for a self-storage facility, while they were doing it without any knowledge of the industry or knowledge of real estate finance. And so they thought it was just a set it forget it easy business easier than houses or apartments, and they didn't have to do anything. Well, that's fine except for, you know, you have to stay. First of all, that's fine, except for the fact it's a business, not a hobby, and they treated it like a hobby. So instead of welcome to four corners of their business, and keeping an eye on accounts receivable, understanding that they had to raise rates, so they had to do proper marketing to increase the occupancy in the value of their facilities. And so they just started coasting along and maybe raising rates a little bit or increasing occupancy, but they didn't create enough value. So that two, three years later, when that adjustable-rate mortgage was due, and they had to refinance. Now, the banks had adjusted because we were on the back end of the recession. And they said, Well, you know, congratulations, good job, you got into this facility at a 90% loan to value but you haven't created enough value. And now we're only gonna refinance at 65 to 70% of the current value, and you didn't raise the value that much. So if you want to keep it, you got to come to the closing table with 100,000, 200,000, $500,000. Or, you know, you're gonna have to sell it or figure something out. Right. And so, it was the rookies, the, you know, the folks that didn't know what to do. And it was not all of them, the sector, you know, again, did well, but there were some folks that if they didn't build up, you know, 15 20% value over the time that they bought it, so that it appraised high enough to be able to now be able to refinance at the lower LTV. Those are the folks that got caught out and just didn't know what to do except for yeah, sell or give the keys back to the bank.    Sam Wilson  06:51 And do you made mention of the given indication that maybe you see that coming yet again?   Scott Meyers  06:56 Uh-huh. Yeah, I do. The lending industry and we, as investors, we did learn a lot of lessons and there are some guardrails that have been put in place. But we are still seeing some higher LTVs and banks that are making some loans that, you know, are bordering on the, you know, reminiscent of what we saw back in 2005, 2006, and 2007, again, and human nature is very similar. You know, we've had this bull market for a number of years in real estate. And there are a lot of folks that got into the self-storage sector and other forms of real estate that think that they can do no wrong, they have had this humungous wind in their sails, in this booming economy, that gives people once again, this false sense of security, that they are these stupid businessmen and women, and that this will never happen to them. And so we are heading into a high-interest rate environment where cap rates are going to go up, which means valuations are going to go down. And once we get deeper into the recession, no matter how deep it is, or what it looks like, three interest rate hikes in one year, and with a war thrown in there and a few other factors. Yeah, I think we're going to see that the banks aren't going to be lending as readily as they were before they're gonna back their LTVs off, they're gonna have more stringent underwriting. And those folks that didn't mind the store, and they didn't create a lot of value in their facilities, they're gonna get caught out again, those same types of folks.   Sam Wilson  08:11 That's really, really intriguing. Do you see bridge debt as part of that problem?   Scott Meyers  08:15 Sam, I want to be a bridge lender when I grow up. Those guys and gals, that's where it's at, man. They just click fees all day long and high-interest rates. And you know, they don't get on the riskiest deals, but ones that just, you know, need a little push, and they make a ton of money. That's what I want to do. Do I see them as being a part of the problem? Well, yeah, I mean, anytime that somebody is reaching out to a life preserver because that they're starting to sink, you know, the chances are better than 50%, that they are going to sink. And that's when the bridge lenders step in. And unfortunately, you know, they add to the compound and add to, you know, the troubles of that asset. And it's already in trouble adding the higher, you know, expensive, more expensive debt on top of it to get it out, while you're heading into a declining value economy is not a good recipe.   Sam Wilson  08:56 Right. That's really, really intriguing. Love your perspective on that. Thanks for sharing that. Right now, one of the things I've heard in the self-storage space here in the last few months, and I'm going to use this term, it's probably the incorrect term. But I have heard that we've seen kind of a hardening, if you will, of the market, where just cap rates are just compressing it at an extremely abnormal rate. Do you see that occurring?   Scott Meyers  09:16 Yeah, we're experiencing it firsthand. Right now, we've got a portfolio, two portfolios that we put out to market to sell right now. And one of them is a three-facility portfolio of conversion opportunities, and the broker listed at a 2.3 cap. So if you say that there's compressed cap rate environment out there right now, 100% we're experiencing it and seeing it.   Sam Wilson  09:35 That's crazy. When you say conversion opportunities. What does that mean?    Scott Meyers  09:39 These are buildings. They were a former grocery stores, furniture stores industrial buildings that have been repurposed and built out as self-storage facilities. We put a mezzanine in and created two storeys where it used to be just a single tall, you know, 18, 20-foot clear warehouse or industrial building, and then we can burn it put in walls and doors and some cases, create a second level and tournament to self-storage facilities.   Sam Wilson  09:59 Got it. Okay, very, very interesting. What do you think is driving, I mean, selling things at a 2.3 cap, that's crazy, in my opinion, what's driving that?   Scott Meyers  10:09 So depending upon the facilities that are going out and property, you know, there is still a value add, you know, these are in lease-up, and so there's still money to be had. So that's on the trailing 12 months, they're not all at 100% and they're not all at full street rates in terms of the rental rate. So there's meat on the bone, a lot of meat on the bone than if it were something that is completely stabilized. But you know, let's just say in a normal cap rate environment, if you want to call it that, or if it was a stabilized asset, we're seeing these Class A facilities go out onto the market at a four and five cap. And so, you know, same question you have is, like, who's gonna buy that? And how can they do that? Right, it's all the Delta and the triage on the debt, you know, you've got these real estate investment trusts, that they've got cash, or they've got 2% money. And so if they're buying it for and five caps, you know, it's all about I mean, just all along the way, we're all you know, right in that two to 3%, Delta, that two to 3% arbitrage that we're, you know, that's where we make our money is above the cost of our debt, the cost of our capital. So if these guys are coming in with these funds, and they got 2%, money from XYZ company, or they got cash, and then they fold some properties or a property into the mix, and they can eliminate some layers of management or marketing from economies of scale, they've already got a website going, they've already got regional managers in these markets, and, you know, a lot of things in place that go away from the P&L, and therefore the NOI, you know, it makes sense. So we're in the middle of a big roll-up in self-storage, again, where, you know, this is one of the last few frontiers in commercial real estate that hasn't been rolled up and owned by the REITs. And self-storage is now still 75%. Still Mom and Pop and, you know, regional operators, and REITs are on a tear, and we're gonna see the, you know, by the end of the next four or five years, it's going to flip flop, and we're probably only gonna see about 20 to 25% or left as Mom and Pop.   Sam Wilson  11:49 Right? Well, I mean, I think we're seeing that across virtually every asset class. I mean, yeah, clearly, yeah, the institutionalization of practically everything is, and I'm a while right, beyond talking about interest rates, what are you guys doing to protect yourself in a potentially rising interest rate environment?   Scott Meyers  12:05 Well, potentially, we know what's gonna rise, period, we just don't know how much and so you know, really the only thing that we can do, because everybody's crystal ball is broken, or in the shop, or, you know, it's impossible these days, you know, just being conservative in terms of your underwriting. I know, that's cliche, and that's gray. And there's no other way to define it. But, you know, if we feel you know, that interest rates are going up by two points, and we're going to exit in five years, you know, what are the interest rate environment going to be in three, four or five years? Well, we're adding another half to one point on top of where we think that's going to occur. And that's what we underwrite to and hedge against that. We also stress-test the heck out of everything and assume worst-case scenario, that we can still either get out, make our investors whole, and then we're not going to lose money. And we have some options. So it's just building in those barriers. And I know, we don't have time to go into all of that. But that's really what we're doing is you know, any investment, you make money on the buy. But man, if you got an exit strategy in five years, six years, and you're still betting on, you know, four and 5% cap rates on an exit and an interest rate environment, that's going to be two to three points higher, you're not going to make it. So just being mindful of where we're going to be when we exit the facility and then accommodating for that within the math.   Sam Wilson  13:10 Right, that makes a heck of a lot of sense. Let me ask you this question. Why other than the fact that maybe you're just getting insane prices in the market, why do you guys sell your assets? I mean, the idea behind these is to buy an asset and collect the cash from plummet? Why are you selling?    Scott Meyers  13:25 Sure two reasons. One, we syndicate just about everything that we've done in the past five or six years. So we have private equity involved, and they want their money back within four or five, six years, they don't want to tie it up any longer than that. So our projects are model out. And then also, you know, during that time, that's when you create the most value. You buy a piece of dirt and you put an income stream on it, build a building and put an income stream on it, you've created a lot of value. And then after five years, when a stabilized and the value goes up a little bit with rental increases, maybe you get better at expenses, but that value is created in the first four to five years. And so why would you just put all that equity to bed and tie it up, just we refinance, we sell pull that out, and then we double down and do it all over again. So it's an IRR driven from our private equity partners to be able to sell to give them their money, they also don't want to tie it up that long. Some of these folks have gray hair, and they've been around a while they're not sure they're gonna be around in 10, if we hold it or 15. And the second is, yeah, if you look at if you do the math on buying a piece of property, putting 100 grand into it as a down payment and hold it for 30 years and create some value in it versus $100,000 into a property creating a massive amount of equity and value in it in five years exit and do it over again and then do it over and over and over again. You're going to be a far wealthier human being at the end of the 20 or 30 years after you've done that strategy of rinse and repeat.   Sam Wilson  14:38 Got it. I love that last question for you on the theme of the show how to scale what is recommended piece of advice if somebody wants to get into self-storage and scale their selves towards holdings. What do you tell them?   Scott Meyers  14:49 It's the same for anything in any business and anybody that we tell getting into storage is you know, it's been touted as a you know a very simple predictable business model. And it is doesn't mean it's an easy business and you need to treat it as such. It's a business, it's not a hobby, and I've already kind of touched on that. So I think you got to learn. And you really need to master the art and the science and the math behind underwriting for any piece of commercial real estate. You need to understand the asset class and the nuances of it. Beyond that, in terms of scaling, again, you can't stress enough that you've got to determine what your values are in your organization, your core values that you hold near and dear to you, and then your organization, and then you hire based upon that. Because if people don't fit, they're never going to fit, they're going to create a cancer, they're going to create issues with your other employees. And pretty soon you're going to have a dysfunctional team if you don't start out with one, to begin with. So you cannot scale until you get that right. And those that have, they will tell you along the way, it has been very painful. And it's been very expensive, or the business imploded because they didn't do it right. So everybody equally yoked in the same direction. And it starts with you as the leader, the CEO of the core values. That's how you hire.   Sam Wilson  15:53 Love it. I absolutely love it. When it comes to investing in the world, what's one thing you're doing right now to make the world a better place?    Scott Meyers  15:59 Well, we have always been mission-minded, mission-focused in our organization, 10% of all our profits, and all our companies go towards a well in one big kitty. And what that kitty does is then we go invest in and build houses in Mexico, we take two trips per year, we build two to three houses each time. And it takes a team of about 20 individuals to do that. And so what we've done is we've created a four-day family-friendly safe mission trip where we pay everything except for people's trip to California, you then need to drive or fly to San Diego. After that we pay for the house, we pay for the bus down to Mexico, we put you up in a hotel or on the base and we pay for your entire trip so that you can experience what it's like in two days to build a house and hand the keys over to a deserving family and ending generational poverty, one family at a time. And we've been doing that for the past eight years now. And we're getting ready to ramp that up and should do about six to seven houses this year. And God willing even more than that next year.   Sam Wilson  16:52 Man, that's awesome. I love that Scott. If the listeners want to get in touch with you or learn more about you and what you do, what is the best way to do that?   Scott Meyers  16:58 Go to selfstorageinvesting.com, all things self-storage. That's the best way to find me and the best way to dip your toe in and learn as much as possible about this wonderful world of self-storage.   Sam Wilson  17:07 Wonderful. Thank you, Scott. Appreciate it.    Scott Meyers  17:09 Thanks, Sam. Good to see you.    Sam Wilson  17:10 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening. Thanks so much and hope to catch you on the next episode.

Scott Meyers joins Steve Trang to discuss why he invests in self-storage units and the benefits of this type of real estate investing. Scott owns and operates over 2.4 million sq. ft. and over 14,000 units nationwide. Host of the Self-Storage Podcast and his education... The post How Scott Meyers Operates 2.4 Million sq. ft. & Over 14,000 Self-Storage Units Nationwide! appeared first on Real Estate Disruptors.