Riches in Self Storage with Scott Meyers Part One

Jay Conner

Dec 02 2019

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Scott has raised over $20 million in funds for his investments in self-storage.

The beauty of self storage is after 90 days you can auction off their stuff and recoop your loses.

Why Self Storage? Get in on the hottest corner of real estate investment

• The number of people looking to rent storage units is skyrocketing.
• You can create massive cash flow without all the hassles of renting out a home.
• Diversify your risk by spreading it out over many tenants.

The management is a quater the cost of tenants. They manage the stuff instead of people. It is a recession/boom business. Demand goes up regardless of the economy.

When recessions hit, Scott steps into poorly managed self-storage properties.

You start by working within a 2 hour drive of your home. No business is easy. However, they have a simple, predictable process.

Can you move a 65% occupancy rate to 84%? Occupancy rates are trade secrets.

There is a formula to work out to discover if a propertty is worth buying.

Exit strategies is important. Scott invests in the business cycle, which is 7-9 years.

How does Scott define a good deal in self storage?

A turnkey investment is the worst investment. The property is almos tfull. In a recession, the market could go down. Don't overpay. You have to be able to add value.

Register for our FREE Masterclass on How to Dominate the Hottest Corner in Commercial Real Estate: Self Storage.

https://selfstorageinvesting.com/

"The best real estate investment in the past decade was found at the opposite end from trophy resorts and office towers, in 5-foot-by-5-foot lockers."

Scott Meyers is known as the nation's leading expert in Self-Storage . After becoming a penniless landlord in the Single Family Rental and Apartment business, he began investing in Self-Storage. He “Saw the Light” and quickly sold all his Single Family Rentals & Apartments to create a small empire of Self-Storage facilities nationwide. His companies focus on syndicating Self-Storage Deals and helping others launch their own Self -Storage Business to enjoy a lifestyle free from Tenants, Toilets, and Trash!

Scott Meyers is the principal in 30 facilities totaling over 7,000 units and over 1 Million sf 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, and has raised over $20 million in syndicates and private equity partnerships to fuel their growth.

Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/

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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

What is Real Estate Investing? Live Cashflow Conference

https://youtu.be/QyeBbDOF4wo

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