From Medicine to Money: Dr. Joseph Ryan's Journey into Commercial Real Estate How to Scale Commercial Real Estate

Today’s guest is Ryan Smolarz.
 
Dr. Joseph Ryan Smolarz is the founder of STOR, leveraging his experience as an entrepreneur and Otolaryngology practitioner to guide people toward financial sovereignty.
 
Show summary:
In this podcast episode, Dr. Joseph Ryan, a former otolaryngologist and founder of Store Partners, shares his transition from medicine to commercial real estate, focusing on self-storage facilities. He highlights the importance of team building, relationship-driven negotiations, and ethical business practices. Dr. Ryan also discusses his podcast, "Medicine and Money Show," and invites listeners to connect with him for educational discussions on investing.
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Building Successful Teams (00:00:00)
 
Introduction to the Show (00:00:31)
 
Dr. Joseph Ryan's Background (00:00:44)
 
Transition to Real Estate (00:01:10)
 
MBA and Transition to Real Estate (00:02:08)
 
Challenges and Enlightenment from Higher Education (00:04:27)
 
Transition to Self-Storage Focus (00:09:42)
 
Staying in Self-Storage Lane (00:11:41)
 
Decision-Making and Deal Selection (00:11:47)
 
Managing Capital and Acquisitions (00:13:57)
 
Challenges in Business Growth (00:15:51)
 
Remote Operations and Team Building (00:19:51)
 
Finding Deals and Relationship Building (00:20:59)
 
Building Rapport and Deal Cycles (00:23:26)
 
Conversation with Potential Investors (00:25:03)
 
Conclusion and Call to Action (00:26:19)
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Connect with Ryan:
Web: https://storpartners.com/#/
Linkedin: https://www.linkedin.com/in/joseph-ryan-smolarz-4803a81/
 
Connect with Sam:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  
 
Facebook: https://www.facebook.com/HowtoscaleCRE/
LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/
Email me → sam@brickeninvestmentgroup.com
 
SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson
Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234
Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f
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Want to read the full show notes of the episode? Check it out below:
*Ryan Smolarz * (00:00:00) - Where I think the, you know, the Alpha lies in building the teams. we have a big focus on that. And, trying to find people who were who were all rowing in the same direction with. I find that super important. you know, the when you know, you have a good team, when one person on the team doesn't like the decision, but everybody else does, and they are rowing even faster in the same direction that everybody else is.
 
Intro (00:00:31) - Welcome to the how to Scale Commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.
 
Sam Wilson (00:00:44) - Doctor Joseph Ryan is the founder of store. That's. That's spelled excuse me store. He leverages his experience as an entrepreneur and otolaryngology practitioner to guide people toward financial sovereignty. Ryan, welcome to the show.
 
*Ryan Smolarz * (00:00:59) - Hey, thanks for having me. Sam, this is going to be great.
 
Sam Wilson (00:01:02) - Absolutely. The pleasure's mine. Ryan. There are three questions I ask every guest who comes on the show in 90s or less.
 
Sam Wilson (00:01:07) - Can you tell me where did you start? Where are you now? And how did you get there?
 
*Ryan Smolarz * (00:01:10) - I started in 2017. I realized that, going from room to room as a doctor wasn't going to allow me to retire. And, once I decided that I ended up in a month, I was sitting at a desk in the in an MBA pr