Self Storage Real Estate Investing with Scott Meyers EP #121

GUEST BIO
Scott Meyers is the principal of Kingdom Storage Holdings. He has acquired, sold, developed, converted over 30 facilities totalling over 12,000 units and over 2 million sq.ft of storage. He is also the Founder and President of: SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. His company was started in 2006, for the purpose of acquiring, developing, and operating self-storage facilities. It has raised over $40 million in syndicates and private equity partnerships to fuel their growth: https://passivestorageinvesting.com/.

He is Forbes Real Estate Council Member, speaker for ISS (Inside Self Storage) the SSA (National Self Storage Association), as well as the Host to The Self Storage Podcast.

However, his real passion lies with being a husband and father who takes an active part in family activities. He is also very active in his charity and mission work both locally and around the globe together, funding, then building homes and giving them away with his partners at YWAM ( Youth with a mission ) through StorageMissions.com.

HIGHLIGHTS OF THE EPISODE

01:42 - Background of the guest
04:38 - Why Self Storage Investing?
08:49 - Commercial Self Storage Facility
12:36 - Bank qualifications for self storage investing

KEEPING IT REAL

16:10 - Increasing Value Add
27:13 - Why are people renting self storage?
30:32 - Bringing more Cash Flow
34:53 - Most fulfilling part of doing self storage business

RAPID FIRE QUESTIONS
36:59 - Favorite Books - Think and Grow Rich by Napoleon Hill
37:50 - Best Habit - Having a morning coffee and have a walk
38:35 - Best Tool - Multiple screens
40:02 - Biggest Misconception about self storage

NOTABLE QUOTES (KEY LESSONS):
“ Self storage is unsexy as it is from a business model stand point is extremely sexy because you can operate this business without a lot of input once it gets up and going and allows you that freedom and the cash flow, to be able you to go out and do whatever it is that you want to do.”

CONNECTING WITH THE GUEST
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
YouTube: https://www.youtube.com/channel/UCk9Hli37NUUu3EKxwXlIQNw
LinkedIn: https://www.linkedin.com/in/scottameyers/
Instagram: https://www.instagram.com/self_storage_investing/

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Thanks for Watching guys! There’s only one thing left to do. Let’s build!