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The How of Business - How to start, run, grow and exit a small business.

477 – Self-Storage Business with Scott Krone

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 19 June 2023

⏱️ 54 minutes

🧾️ Download transcript

Summary

The Self-Storage Business with entrepreneur Scott Krone - shares his expertise and tips on investing in self-storage businesses.

Self storage, or self-service storage, is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month).

Scott Krone is a business owner, real estate investor. He is the founder of One Stop Self-Storage, and the founder of Coda Management. Coda Management Group facilitates commercial and real estate investments.

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com  

Transcript

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0:00.0

Welcome to the how of business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business.

0:13.1

And now here is your host.

0:16.2

Welcome to this episode of the how of business.

0:18.3

This is Henry Lopez.

0:19.4

My guest today is Scott Crone. Scott,

0:22.2

welcome to the show. Thanks for having me, Henry. I'm looking forward to this conversation.

0:26.5

On this episode, Scott's going to share his expertise and tips on investing in self-storage businesses.

0:33.7

So self-storage or self-service storage, as you might call it.

0:43.3

It's an industry that, for those of you who may not know, rents storage space like rooms,

0:48.5

lockers, containers, outdoor spaces, also known as storage units.

0:53.8

And in this business, you rent that to tenants, usually on a short-term basis, but not necessarily.

0:55.6

I'm a user of this product.

0:57.9

I've got a storage unit now with extra furniture.

1:01.1

Used to have a storage space where I would park my RV.

1:04.4

So I understand it from a consumer's perspective.

1:10.0

But this is seemingly such a hot industry that everybody's asking about, it seems, over the last few years.

1:11.5

So I'm privileged to have Scott on the show.

1:14.7

If you want to receive more information about the Howwood Business, including the show

1:18.7

notes page for this episode, and how you can continue supporting my show and receive

1:23.0

exclusive content and discounts through a Patreon membership, just visit the howab business.com.

1:29.8

I also encourage you to please subscribe to my show wherever you listen so you don't miss any

1:35.6

episodes. Let me tell you just a little bit more about Scott and we'll get into the conversation.

...

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