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Are you making the right moves in self-storage site selection, or are you risking costly mistakes?

In this episode of, Scott Meyers dives deep into one of the most critical aspects of self-storage development: site selection.

Scott explains how to evaluate potential sites, discusses the importance of consulting experts for feasibility studies, and highlights key factors such as zoning, site size, market demand, and competition.

WHAT TO LISTEN FOR
03:33 Understanding Zoning and Planning for Your Site
07:01 Ideal Site Size for Storage Facilities
15:11 Matching Facility Design to City Requirements
19:59 Positioning Your Facility Against Competition

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Are you treating your self-storage investment like a business or just a hobby?

In this episode, Scott looks at the crucial mistakes new investors make, particularly the costly error of not treating their self-storage ventures as serious businesses.

He outlines the fundamental steps necessary to ensure long-term success, including the importance of having a solid business plan, maximizing profits, leveraging technology, and implementing standard operating procedures.

Scott also shares insights on how to avoid common pitfalls and thrive in the ever-evolving self-storage industry.

WHAT TO LISTEN FOR
02:47 – Seven foundational points for self-storage success
12:03 – Maximizing profit centers in your facility
18:17 – Treating your business like a franchise
20:56 – You own it: The mindset of a successful owner

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Ready to fast-track your self-storage success?

In this episode, Scott launches a 30-day Letter of Intent (LOI) challenge with his Self Storage Mastery students, aiming to have each participant secure a property within a month.

He dives into the essential strategies for finding and evaluating deals, mastering time management, and avoiding common pitfalls that can slow down your progress.

If you’re serious about growing your self-storage portfolio, Scott’s insights on prioritizing tasks and executing a proven marketing funnel will get you there.

WHAT TO LISTEN FOR
02:29 - Speed and the Self-Storage Market: Why Timing Matters
06:44 - How a 30-Day Time Audit Can Transform Your Business
16:07 - Networking in Your Market: Why It Pays to Be Direct
21:46 - Scott’s Favorite Deal-Finding Techniques

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Are you overlooking crucial details that could make or break your self-storage investment?

In this episode, Scott scrutinizes the common mistakes self-storage investors make, especially when it comes to physical site inspections.

He shares tips on avoiding costly pitfalls, from HVAC and roofing issues to drainage and security systems.

This episode will equip you with the knowledge to ensure your investment is rock solid.

LISTEN FOR
01:33 Avoiding rookie mistakes in physical inspections
05:25 The hidden costs of poor roofing
11:22 Inspecting electrical systems and plumbing
16:04 Why thorough due diligence is non-negotiable

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In this episode, Scott chats with Tyler Sellers about his innovative software, Cactus AI, that revolutionizes the way self-storage investors handle underwriting.

From mom-and-pop operations to billion-dollar institutions, Sellers reveals how this tool leverages AI to streamline the underwriting process, saving time and ensuring precision in a rapidly evolving market.

Technology is leveling the playing field in real estate investment.

LISTEN FOR
05:42 - Cactus: A tool for both small investors and large institutions
14:19 - Tailoring Cactus to fit different investment strategies
22:27 - Education and coaching in self-storage underwriting
29:40 - Tyler’s personal story of starting with $0

Guest: Tyler Sellars, Principal & CEO at Cactus AI
Email | Website | LinkedIn | Tyler’s Self Storage Investment Journey

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Ever wondered what could derail your self-storage investment before you even start?

Scott shares his personal blunders and lessons from over 20 years in the self-storage business, providing vital advice on how to avoid costly errors.

He highlights the critical importance of location, market analysis, and thorough planning.

WHAT TO LISTEN FOR
04:44 Market Analysis: Key Factors to Consider
15:02 Retail Mindset in Self Storage
20:19 Supply Index and Market Demand
25:36 The Role of Feasibility Studies

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Ready to break free from Wall Street's grip and build real wealth?

In this episode, Scott welcomes Russ Morgan, co-founder of Wealth Without Wall Street, to discuss the power of passive income and alternative investments in achieving financial freedom.

Russ and his partner Joey Mure have created a groundbreaking book that offers a three-step process for success: setting clear goals, developing a personalized plan, and finding support within a community of like-minded investors.

Through their unique approach, Russ and Joey empower readers to align their investments with their individual preferences, risk tolerance, and interests, leading to more engaging and successful outcomes.

From hands-on real estate ventures to hands-off opportunities, they share insights from their thriving community of nearly 9,000 members who are transforming their lives by building passive income streams, leaving a legacy, and making a lasting impact.

WHAT TO LISTEN FOR
03:22 - Three-Step Process for Passive Investing
16:39 - Achieving Financial Freedom
25:33 - Vetting Syndicators and Investment Strategies
35:58 - Growing a Community of Successful Investors

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GUEST: RUSS MORGAN Website | Listen to episode 157 with Russ Morgan and Joey Mure

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Are you leveraging every financial advantage in your self-storage business?

In this episode, Scott Meyers, the original SELF-STORAGE EXPERT, welcomes back Sean Graham to discuss the benefits of cost segregation for real estate investors, particularly those in the self-storage sector.

Sean, a CPA with extensive experience in real estate and cost segregation, explains how this strategy can significantly accelerate depreciation, providing substantial tax benefits by front-loading expenses.

They cover the financial implications, the potential savings, and the practical application of cost segregation studies, emphasizing the value of understanding and utilizing these financial tools.

The conversation also touches on the efficiency of using virtual assistants for property management and other business operations, highlighting the cost-effective solutions available for real estate professionals.

WHAT TO LISTEN FOR
02:36 - Benefits of Cost Segregation for Self-Storage Owners
07:31 - Detailed engineering studies
18:10 - Time Value of Money and Inflation
24:45 - Property Management with Virtual Assistants

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Sean Graham
LinkedIn | Maven Cost Segregation | Maven Cost Seg. Email | Maven Success
Get the discount Sean mentioned

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