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Self Storage Investing with Scott Meyers

SHOW SUMMARY:

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.

SHOW HIGHLIGHTS:

  • 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

Quote:

  • "Systems run the business and we manage and tweak the system.”

RESOURCES AND LINKS FROM THIS SHOW: