Everything You Need To Know About Investing In The Self-Storage Arena

The Art of Passive Income

Mark Podolsky

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5 • 681 Ratings

🗓️ 9 January 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guest today is Scott Krone—founder of Coda Management Group. Scott gets into the weeds of self-storage investing. As Scott describes, “it's apartments without toilets”... a more simplified version that costs about 1/10th of multifamily and a lot less risk making it the safest asset class in real estate with the lowest default rates of all asset classes.

Transcript

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0:00.0	Do you have solo economic dependency?
0:03.2	That is, if you aren't working, you aren't making money.
0:06.6	The art of passive income podcast is the solution.
0:10.3	Discover passive income models so you can enjoy life on your own terms.
0:15.2	Let freedom ring.
0:17.6	Hey, it's Mark Podolsky, The land geek with your favorite niche real estate website,
0:21.9	www.w.w.com.
0:24.6	And today's guest is really going to be interesting for most listeners because we don't really
0:31.1	talk about this asset class very often.
0:34.6	And I'm really excited about it. My co-host, Scott Todd, is not available today. So we are
0:42.0	just going to get into it. Today's guest is Scott Crone from Coda Management. So if you
0:48.8	don't know Scott, he is the founder of Coda Management Group.
0:57.0	And Cota Management Groups teams up with investors to purchase strategically located,
1:00.1	undervalued warehouse space and convert it
1:03.5	into climate-controlled self-storage facilities.
1:07.9	And they are a top three operator. So this is really, really an interesting
1:15.1	asset class. I can't wait to get into it and get in the weeds with Scott Cron. Scott Cron,
1:21.7	how are you? I'm doing well. Thanks for having us. I appreciate it. Yeah, yeah. So you've been doing
1:27.2	this a while, haven't you?
1:29.1	I started Cota 20 years ago, but I've been involved with real estate and real estate investing
1:34.0	for about 25 years now. So, Scott, you wake up one day and you're like, okay, let's do this.
1:41.8	Like, how does that even come to be?
	...

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