Self Storage Investing Scott Meyers

This is an episode first published in September 2023. It’s one of our most popular.In this episode Scott discusses the current state of the Self-Storage industry and why it’s attracting new investors. With other asset classes experiencing a downturn, Self-Storage remains a lucrative investment option. Scott explains how self-storage thrives during economic downturns as businesses and individuals downsize, leading to increased demand and rental rates. He also highlights the benefit...

What are the banks looking for right now when it comes to loans?In this episode, Scott warms up the conversation with proven strategies for securing self-storage loans amidst a challenging economic climate.He explains the evolving lending environment, the criteria lenders use to assess loan applications, and provides actionable strategies for presenting strong loan requests. Scott emphasizes the importance of having a solid business plan, understanding market conditions, and shopping loan req...

Meet the software turning self-storage ads into occupancy boosters!In this episode, Scott interviews Jason Zickler, co-founder of Adverank, about how their specialized software is changing paid advertising for self-storage operators. Jason explains how Adverank's innovative algorithm provides precise budget recommendations to maximize occupancy without overspending. The discussion includes a live demo of the software, showcasing its real-time data integration with property management systems ...

Syndicating self-storage deals just got trickier – here’s how to stay ahead.In this episode, Scott dives into the evolving landscape of the self-storage industry, emphasizing the challenges brought by rising interest rates, construction costs, and stricter lending practices. Scott outlines nine key fee structures in syndication, offering practical advice on balancing compensation and investor satisfaction. He provides valuable insights on how syndicators can adapt, including the importance of...

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...

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 ...