FBF #755: Self-Storage, Facility Investments, and so much more! - with Scott Myers
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 14 June 2024
⏱️ 43 minutes
🧾️ Download transcript
Summary
Scott Myers is a Self Storage Expert and the President of Kingdom Storage Holdings.
Scott has acquired, sold, developed, and/or converted over 40 facilities totaling over 14,000 units and over 2.4 million sq. ft of storage. He is also the Founder and President of: SelfStorageInvesting.com, a leading self-storage education company that offers courses, live events, and mentoring/coaching.
Scott’s devotion to both his family and his faith is illustrated through his charity and mission work both locally and around the globe. Here, he focuses on funding, building, and giving away homes to deserving families.
Quote:
“Nobody cares 1% as much about your facility or your apartment complex as you do…Just bottom line. Nobody is going to be able to fight for every dollar that comes in the door and fight to reduce every expense and line item in your P&L like you would, period.”
“Storage has really benefitted during this pandemic and it benefitted during a recession…because when there’s trauma in transition businesses downsize, people move in with their family and friends, then the demand for storage goes up.”
Highlights:
02:24 - Scott tells listeners about his background in real estate.
07:24 - Scott discusses the impact of the 2008 recession on the real estate and self-storage spaces.
11:17 - Scott tells us about creating a holding company.
13:56 - Scott describes running a third-party management.
23:48 - Scott talks to those who are looking to getting their first facility.
28:00 - Scott speaks about lending and the types of debt in the Self-Storage market.
34:00 - Scoot talks about sensitivity to rent increases.
37:26 - Scott talks about one of his worst deals.
Guest Website:
https://selfstorageinvesting.com/
Recommended Resources:
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If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
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Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
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Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Transcript
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| 0:00.0 | Welcome to this week's edition of Flashback Friday. |
| 0:05.0 | It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. |
| 0:13.0 | If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with sunrise.com to learn more. |
| 0:20.0 | That's invest with sunrise.com. Enjoy the show. |
| 0:28.2 | You've been searching for the best way to generate passive income in your life and heard that |
| 0:33.1 | real estate is a great way to do it, but you're tired of all the so-called gurus who are all talk |
| 0:38.7 | and no substance. Get ready to celebrate because Kevin Bup has spent 14 years successfully |
| 0:45.8 | making it happen. This is the Real Estate Investing for Cash Flow podcast. Now, here's |
| 0:52.1 | Kevin Bup. Hey guys, Kevin Bup here, and I want to welcome you to another episode |
| 0:58.9 | of the Real Estate Investing for Cashflow podcast, where mission is to help you build and maintain |
| 1:03.2 | massive amounts of cash flow through income producing real estate investments. And our guests |
| 1:08.0 | for this week's show is self-storage expert in president of Kingdom storage holdings, Scott Myers. Now, Scott has acquired, sold, developed, and |
| 1:15.9 | or converted over 40 facilities, totaling over 14,000 units and 2.4 million square feet of |
| 1:21.7 | storage. He's also the founder and president of self-storage investing.com, a leading self-storage |
| 1:26.8 | education company that offers |
| 1:28.2 | courses, live events, and mentoring and coaching. And aside from his real estate activities, |
| 1:33.3 | I think probably one of the coolest things about Scott is his dying devotion to both his family |
| 1:38.2 | and his faith. And Scott's very active in his charity and mission work, both locally and around |
| 1:43.1 | the globe. And then funding and building |
| 1:45.5 | homes and giving them a way to deserving families, which is really, really cool. I've been wanting to |
| 1:49.5 | do it with them for years now. And ultimately, one of these days, I'll take my son with me and we'll go |
| 1:52.5 | do that with Scott. But he's giving away lots of homes, the very deserving families. And Scott's a real deal guys and so I'm excited to welcome it back it's been a lot of you know many years since we had them on and so excited to have them back here so Scott how you doing my friend |
... |
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