Join German and Oscar Buendia with Scott Krone, as they talk all about self-storage investing. Scott is the founder of Coda Management Group; they purchase underutilized commercial properties and convert them to self storage facilities. In this episode, he shares the amazing advantages and benefits you can have with self storage properties. Here’s a breakdown of what to expect in this episode:
🎧 GRADUATING COLLEGE WITH A HISTORY DEGREE, OBTAINING A MASTER’S IN ARCHITECTURE, AND THEN GETTING INTO THE REAL ESTATE INDUSTRY.
🎧 SCOTT STARTED HIS OWN COMPANY AT THE AGE OF 28 AFTER YEARS OF HARD WORK.
🎧 LEARNING FROM OTHER PEOPLE’S EXPERIENCES AND ADVICE WILL HELP YOU BECOME SUCCESSFUL.
🎧 THE PREDICTABILITY YOU CAN HAVE WHEN OWNING A SELF STORAGE.
🎧 HOW DO THEY IDENTIFY A PROPERTY AND CONVERT IT TO A SELF STORAGE?
🎧 WHAT ARE THE DEMOGRAPHICS THAT YOU NEED TO CONSIDER?
🎧 SELF STORAGE IS A RECESSION RESISTANT ASSET IN THE COMMERCIAL REAL ESTATE.
🎧 DURING COVID-19, THEY WERE ABLE TO DOUBLE THEIR OCCUPANCY RATE.
🎧 AND MUCH MORE!
About Scott Krone:
Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL.
In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse, and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.
Krone has authored High-Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their home. Krone resides in Wilmette, IL, with his wife and three children.
You can find Scott Krone on…
Connect with German and Oscar!
LinkedIn Personal: https://www.linkedin.com/in/oscarbuendia
Linkedin Personal: https://www.linkedin.com/in/germanbuendia
LinkedIn GoodDay Capital: https://www.linkedin.com/company/goodday-capital