Self Storage Investing

Self Storage Investing

This is the Self Storage Investing podcast, where we share the knowledge and skills from the industry’s leading investors, developers, and operators to help you launch and grow your self-storage investing business.    What made them a success? Built their wealth? What was their mindset and mentality as they entered the space and found room for business growth?   Led by podcast host Scott Meyers, the ORIGINAL SELF STORAGE EXPERT, we have a track record spanning two decades having successfully acquired, converted, developed, and syndicated over 4 1/2 million square feet of self-storage properties nationwide. Discover the secrets to building wealth and creating a thriving business mindset through our insightful episodes with leading experts. We delve into topics such as navigating recessions and market crashes, as well as the lucrative world of real estate investing through self storage.   Join us as we explore strategies, tactics and insider tips that will propel your self storage investing journey toward prosperity. Get ready to unlock the potential of this lucrative (recession-proof) industry and embark on a path to financial freedom.   

  1. Partnering With the Giants: Why Spartan Uses REITs

    3D AGO

    Partnering With the Giants: Why Spartan Uses REITs

    Send us a text What happens when a pilot trades the cockpit for a climate-controlled unit?   In this episode, Scott sits down with Ryan Gibson of Spartan Investment Group for an in-depth look at the evolution, strategy, and future of self-storage investing. Ryan shares his fascinating journey from the airline industry to managing a self-storage empire valued at over $800 million.   The two discuss how speed, adaptability, and vertical integration are the engines behind Spartan’s exponential growth, and why partnering with REITs (rather than competing with them) is a game-changing move.   They dig into how current market dynamics—from inflation to sluggish home sales—are reshaping investment strategies, and why a flat market isn’t necessarily a bad thing.   Watch For 2:24 Why Speed Is the New Currency in Storage 3:28 Vertical Integration Meets Strategic Agility 8:46 The REIT Pivot: Strategy or Survival? 13:56 The Built-In REIT Exit Strategy 19:13 How REITs Use Third-Party Management as an Acquisition Funnel 21:03 Building REIT-Ready Properties for Premium Exits 22:56 Are REIT-Managed Deals Lower Return?  32:51 Where Spartan Is Buying Now: Growth Markets with No Pipeline    Leave a positive rating for this podcast with one click   Connect with Guest: Ryan Gibson Website | LinkedIn   CONNECT WITH US Website | You Tube | Facebook | X | LinkedIn | Instagram   Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

    37 min
  2. The CFO Playbook for Storage Pros

    APR 28

    The CFO Playbook for Storage Pros

    Send us a text Scott Meyers takes us on a no-nonsense deep dive into the critical role of financial oversight in self-storage businesses. Whether you're a one-facility operator or managing a growing portfolio, Scott makes it clear: if you don't have a CFO, you are the CFO.  Using Warren Buffett’s wisdom as a launching point, he breaks down the essential monthly, quarterly, and annual financial cadences every owner must adopt.  From budgeting realistically (no pie in the sky numbers!) to analyzing rolling 13-month cash flows, and from understanding why trends matter more than isolated data points to the perils of missing tax deadlines—Scott outlines how strategic financial management can make or break your business.  LISTEN FOR 5:52 Why Two Sets of Books (Cash vs Accrual) Matter 7:25 Monthly Cadence: How to Review Your Financial Health 9:05 Rolling 13-Month Cash Flow: Your Financial Crystal Ball 10:43 Don’t Trust REIT Benchmarks: Your KPIs Should Be Yours 16:04 Mastermind P&L Showdown: What Real Operators Are Doing 19:17 Three Essential Questions for Every Financial Meeting Watch For 7:45 How a Missed K-1 Can Cost You Investor Trust 11:00 Rolling 13-Month Cash Flow: See the Trends, Avoid the Traps 14:50 What the Balance Sheet Really Tells You 19:20 Financial Forecasting: 90 Days Forward 22:00 The 3 Key Questions for Every C-Suite Meeting Leave a positive rating for this podcast with one click CONNECT WITH US Website | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

    23 min
  3. FEED DROP - What is the State of Self Storage Today? What are the Benefits of Joining a Mastermind?

    APR 21

    FEED DROP - What is the State of Self Storage Today? What are the Benefits of Joining a Mastermind?

    Send us a text This is a FEED DROP of an episode of the Commercial Real Estate Investing From A-Z  Podcast that Scott was a guest on.  How is self-storage doing today? What are the benefits of joining a mastermind? Scott Meyers, founder and CEO of Self Storage Investing , shares his knowledge with us. Read this entire interview here: https://tinyurl.com/rt4pvac2 You have been doing self-storage for 20 years, how is self-storage doing today? We're bullish on storage. It doesn't matter what the economy's doing, because our asset classes are largely unaffected by what's happening when things are good, people buy more stuff and there's a need for storage so we do well. When there's a contraction in the economy and people are losing their jobs or businesses, it is going a little slower. They have to put their inventory in storage, or they sublease their office or whatever their business looks like and we benefit from that, as well. We are heading into a time that we've been preparing for years, which is kind of the intersection of all that. Interest rates are a little higher and the cost of capital is higher but we are seeing a contraction in the market, which is causing people to downsize businesses. I heard this morning that in Austin, Texas 20% of the workforce is unemployed right now. Some of these companies are laying their people off. But there is a pullback right now, and the jobless rate is a little higher than even what the government statistics would show because we're seeing it and feeling it in the marketplace. Do you think self-storage is being overbuilt in places? You can't say that the industry is overbuilt. If everybody's rates all across the country, were going down and everybody was at 50% occupancy, maybe, but I don't think that we would ever get to that standpoint. There are lots of safeguards in our industry and we do know what it takes to do our homework and understand as developers, what makes this successful self-storage development project. With today's very difficult capital markets: appraisers, lenders, and private equity partners, they are not just throwing money at us, assuming it's going to win, they are forcing and they want to see our feasibility studies and the demand studies that we're doing in the marketplace to understand what a deal looks like before they're going to grant us a loan or loan us our limited partners that are going to come alongside of us or the hedge funds and invest with us. We shouldn't be coming forward if we didn't have that, and we really wouldn't get it anyway. What are some things that you have seen happen at your mastermind? A lot of the things that we've seen are things that we've built in an environment in which all the good things that we see in a mastermind can occur and some of that is true. As we take a step back, we recognize that following the Napoleon Hills model, which is when like-minded people come together and operate at a certain level, good things happen. They share best business practices, they can do business together and so from the beginning, that's the way we designed it. And we see other masterminds out there where they'll just accept anybody into the group, as long as they can write a check. We have an interview process, and it's an exclusive group that we've put into place in the mastermind. Scott Meyers www.selfstorageinvesting.com

    21 min
  4. Bourbon, Cigars, and Self Storage: A Perfect Pairing

    MAR 31

    Bourbon, Cigars, and Self Storage: A Perfect Pairing

    Send us a text Ever wondered what self-storage has to do with cigars, bourbon, and life’s little pleasures?  In this episode Scott Meyers and Doug Downs dive into a passionate discussion about the finer things in life – cigars, bourbon, and the importance of proper storage for both.  Scott shares his journey of discovering the art of cigars and bourbon pairings, exploring how both are more than just indulgences – they're celebrations of life, community, and craftsmanship.  From the art of cigar rolling to the perfect bourbon match, they explain how self-storage and cigar storage have more in common than you might think, all while making sure your cigars stay fresh for the next celebration. Listen For 10:13 The Importance of Hand-Rolled Cigars 13:09 Understanding Cigar Sizes: A Cigar 101 16:23 The $1.3 Million Cigar 26:47 Humidity and Temperature Control for Cigars 28:36 Quick Fix for a Dry Cigar 32:19 The Art of Pairing Bourbon with Cigars Where to Buy Quality Cigars Online: Famous Smoke Shop (www.famous-smoke.com) – Great selection and deals.Cigars International (www.cigarsinternational.com) – Bulk discounts and sampler packs.Thompson Cigar (www.thompsoncigar.com) – Subscription services and discounts.JRCigars (www.jrcigars.com) – One of the oldest and most trusted retailers.Atlantic Cigar (www.atlanticcigar.com) – Rare and limited cigars available.Cigars Direct – www.cigarsdirect.comTop Sources for Reviews & Ratings: Cigar Aficionado (www.cigaraficionado.com) – The industry leader in ratings.Halfwheel (www.halfwheel.com) – Deep-dive, detailed cigar reviews.Cigar Dojo (www.cigardojo.com) – Community-driven reviews.Reddit r/cigars (www.reddit.com/r/cigars) – User-generated cigar reviews and discussions.Leave a positive rating for this podcast with one click CONNECT WITH US Website | You Tube | Facebook | X | LinkedIn | Instagram Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.

    42 min
4.2
out of 5
37 Ratings

About

This is the Self Storage Investing podcast, where we share the knowledge and skills from the industry’s leading investors, developers, and operators to help you launch and grow your self-storage investing business.    What made them a success? Built their wealth? What was their mindset and mentality as they entered the space and found room for business growth?   Led by podcast host Scott Meyers, the ORIGINAL SELF STORAGE EXPERT, we have a track record spanning two decades having successfully acquired, converted, developed, and syndicated over 4 1/2 million square feet of self-storage properties nationwide. Discover the secrets to building wealth and creating a thriving business mindset through our insightful episodes with leading experts. We delve into topics such as navigating recessions and market crashes, as well as the lucrative world of real estate investing through self storage.   Join us as we explore strategies, tactics and insider tips that will propel your self storage investing journey toward prosperity. Get ready to unlock the potential of this lucrative (recession-proof) industry and embark on a path to financial freedom.   

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