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Self Storage Investing with Scott Meyers
In today's show, Larry invited Scott Meyers. Scott is known as the nation’s leading expert in the self-storage business. He began his real estate career in 1993. He is also a speaker, educator, trainer, coach, and mentor.
Scott has built several multi-million dollar businesses in real estate from single family flips, to multi-family projects, industrial buildings, commercial office buildings, cold-storage buildings, warehousing, parking lots, and self storage.
In this episode, they talked about self storage investing and how it works.
- Who Scott is
- How he started in real estate
- Getting into the self-storage business
- How he started teaching people
- Self storage business model
- Their future plans
- What their typical deal looks like
- Bringing in property management company
- Different profit centers
- Calculating salaries
- Systems that help automate management
- Financing available for self storage
- "Systems run the business and we manage and tweak the system.”