Why Too Many Self Storage Owners Aren’t Wealthy

I know, I know, the title might seem ironic, but it’s true.  Despite ALL the income that is available for owners of self storage facilities, I don’t see enough of them making real money. Why is that? Well, in my experience, the biggest challenge most of them have is they are looking at the entire

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Self Storage Investors

It’s This Week!

If you haven’t already made your plans – or they fell through – then maybe that’s a sign you should be joining me at my Self Storage Academy in Orlando this week.  We’re going to be hosting it in Orlando, so there’s an even better reason – the weather should be great (or a least

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Self Storage Investors

So Where Are All the Deals At?

Boy, I hear this ALL the time!  “Scott, I can’t find any off-market facilities around me!” The truth is, you might not for one simple fact – people who want to sell their self storage facilities put them up for sale.  On the other hand, though, there are a lot of operators in any market

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Doing It On Your Own

In America, there’s a sort of strange legend that’s grown up around our great entrepreneurs as “self made.” NOTHING could be farther from the truth!  Every time you study one of them, you realize they had built several advantages into their lives to create success.   Don’t believe it?  Well, let’s look at a few: Ray

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Massive Passive Income?

Hello again!  I want to share something interesting with you.  In the last few weeks, I’ve been studying some new ways to look at self storage investing. As investors, we tend to look at big numbers – NOI, monthly profits, and – even if our facility is not on the market – CAP rates.  I’ve

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Get Ready to DOMINATE!

Here’s a simple fact – if you are – or want to be – a real estate investor, you have to have goals that suggest a plan and a plan that compliments your goals. Yin and yang. Salt and pepper. Cookies and milk. Yet, again and again, I see new investors and even more experienced

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New Year, New You?

So we’re week into the New Year and for some folks, the resolutions they made have already fallen by the wayside.  Now, I’m not a professional, but having seen a few New Year’s Eves and made my share of resolutions, I’d like to offer some advice: Most resolutions fail because they were simply empty statements. 

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Self Storage Investing

Happy Holidays? Merry Christmas!

I hope this holiday season has been a blessing to you and that, as we close out 2019, you’ve been as successful as you planned ALL year. I’m writing this post though, not to share knowledge about the self storage industry and my involvement in it for so many years, but to wish you all

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Self Storage Investors

Partnering With Multiple Investors – Syndicating for Investment

Partnering With Multiple Investors – Syndicating for Investment Ever since my team posted the Self Storage Investing “Six Step Process to Private Lending” we’ve gotten a boat-load of folks asking us all types of questions about how “private money” works, especially in Self Storage, but also in all other types of real estate investment. Honestly,

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Investing in Self Storage

Making Your Own Private Money…

Making Your Own Private Money… You guys continue to amaze me!  In the last couple of weeks, ever since my team posted “Our Six Step Process to Private Lending” PDF, we’ve fielded a lot of calls from folks wanting to learn more. Private Lending is an often-misunderstood category of real estate and self storage, but

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Invest in Storage Units

Private Money Checklist

Private Money Checklist I’ve had a lot of folks asking me about a little PDF my team put together last week about “Our Six Step Process to Private Lending” and I wanted to give you guys a little “deeper” response.  For a lot of newer investors, the idea of private money can be VERY daunting,

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CT - Self Storage Investors

Chuck Thompson

“Using the education that Scott and his team gave me in the Self Storage Academy really helped me think more creatively about partnerships and the relationships in these property deals.  I have used that knowledge to put together my first deal with a partner.  The ongoing support and encouragement from Scott and his team have

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Private Money Self Storage Investing

Call Centers – The Pros and Cons – Part 2

In our previous article, we covered the pros of call centers in a self storage facility business. But as we said, there are always two sides of the coin. Let’s talk about the cons. Cons Its no secret that putting facets of business into the hands of others can be scary and stressful. It is

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Mezzanine Investing

Call Centers- The Pros and Cos – Part 1

“Hello, please hold.” “Yes, let me transfer your call” “Your call is very important to us. Please stay on the like and your call will be ordered in the order it was received.” Have you ever been on the receiving end of this kind of poor customer service? What about when you are put on

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Investing in Commercial Real Estate

Boosting Revenue with Moving Truck Rentals – Part 3

So we have coved the things that should be considered in deciding whether you want to be a dealer or an owner and what things you need to get into place before you officially open business to the public. Now we want to chat about the best practices you can follow if you are looking

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Self Storage Professional

Boosting Revenue with Moving Truck Rentals – Part 2

In our previous article, we touched on the benefits of having moving truck rentals available at your facility. Let’s continue the discussion and cover a few more points that should be considered in making such a big decision. The financial health of your business really needs to be your top priority when you are trying

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Self Storage Investing

Boosting Revenue with Moving Truck Rentals – Part 1

Are you considering adding truck rentals to your business? If done correctly, this addition can be an excellent way to increase the profits of your facility while making your facility more convenient for your renters. Moving truck rentals and retail sales are some of the best cross-promotional, revenue boosting services that you could enhance your

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Invest in Self Storage

Opportunity Zones: An Investment Opportunity With Tax Benefits

Understanding the Benefits There are several benefits to investing in an OZ. The first is tax deferment. Investors can defer the tax on any prior gains invested in a QOF until the date on which the investment is sold or exchanged, or Dec. 31, 2026, whichever comes first. The new law gives you 180 days

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Self Storage Professional

Opportunity Zones: A Self-Storage Investment With Great Tax Benefits

By now, most active investors in real estate have at least heard the term “opportunity zone” (OZ) even if they aren’t completely clear on what it is or the advantages this incredible program provides. An OZ is an economically distressed community in which new investments may be eligible for preferential tax benefits. These areas have

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