Why Technology is So Important in Self-Storage
The Self Storage Podcast
by Scott Meyers, Stories and Strategies
1w ago
Software solutions are helping manage all aspects of maintaining facilities, from tracking tasks and schedules to providing insights on operational improvements. In this episode, Jadob Pandl and Bob Linneman of NodaFi join Scott to highlight the importance of having a centralized system for facility operations, especially for new entrants in the industry. They also discuss the potential for technology to create an ecosystem where different applications can communicate with each other, leading to more efficient operations. Storage facility owners need to embrace technology to enhance their o ..read more
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Who is Not Telling You the Truth When it Comes to Your Investments?
The Self Storage Podcast
by Scott Meyers
3w ago
Truth is the waters of financial advice are murky.   Chris Miles is a vocal critic of mainstream financial planning. He’s often described as the anti-financial advisor.  Chris brings a fresh and critical perspective on what truly works in the realm of investing. This cuts through the noise, challenging preconceived notions and exposing the hidden truths in the financial world.   WHAT TO LISTEN FOR 1:28 Rethink Traditional Financial Advice 3:16 Real Estate as a Key Investment Strategy 17:07 Avoiding Investment Traps 19:05 Diversification Beyond Stocks  Leave a rating for t ..read more
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Meyers' Method: Mastering the Art of Self-Storage
The Self Storage Podcast
by Scott Meyers
1M ago
The heart and hustle behind the Meyer’s self-storage empire. This episode shares the personal and professional evolution of the Meyers’, from overworked landlords to self-storage magnates. Christina opens up about their initial leap of faith into the industry, while Scott details their transition into education and mentorship, shaping the country's leading self-storage community. The couple candidly explores the balance of business and marriage, sharing invaluable insights on partnership and conflict resolution. Topping off their narrative, they delve into their mission-driven business mode ..read more
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Unlocking Freedom: The Meyers' Self-Storage Revolution
The Self Storage Podcast
by Scott Meyers
1M ago
The transformative journey of self-storage investing from chaos to calm. Scott and Christina Meyers share a raw and personal narrative of their entrepreneurial journey on the Self-Storage Podcast. From their early struggles with single-family rentals to the liberating shift to self-storage, they reflect on the business's challenges and the freedom it ultimately provided their family. The Meyers’ discuss their first self-storage deal, the growth of their business, and the deep connections formed within the industry. They emphasize how self-storage has enabled a flexible family lifestyle, inc ..read more
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The Mindset of Success
The Self Storage Podcast
by Scott Meyers
1M ago
Success is not a secret—it's a mindset. In this episode, Scott unpacks the critical mindset shifts and practical strategies that have propelled his self-storage business forward. By emphasizing the importance of hard work over talent, the power of goal setting, and the necessity of surrounding oneself with smart, driven individuals, Scott provides a roadmap for growth. Scott dives into the habits that can transform both personal effectiveness and business operations, ultimately guiding listeners toward achieving their big, hairy, audacious goals (BHAG) and finding fulfillment in their profes ..read more
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The Time in Self-Storage is NOW
The Self Storage Podcast
by Scott Meyers
1M ago
In this episode Scott discusses the current opportunities in the self-storage market. It’s important to act now rather than sitting on the sidelines, as the market is transitioning and offering many opportunities for buying, selling, and developing. Scott also highlights the importance of mastering underwriting and market analysis skills, building a team, executing swiftly, getting educated and finding a mentor, and giving back. Pay attention to macroeconomics, choose a focus and follow it until success, and consider partnering or investing. WHAT TO LISTEN FOR1:09 The Resilience and Growth ..read more
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Changes to the Small Business Administration (SBA) Rules
The Self Storage Podcast
by Scott Meyers
2M ago
These are changes that could impact cashflow. The revisions to the SBA rules make it easier for borrowers to meet the 10% equity requirement for loans, allowing seller debt to count towards the full 10% equity injection. Other changes include the acceptance of Home Equity Line of Credit (HELOC) or cash-out refinance of real property as equity, and the simplification of debt refinance. And a newly implemented rule limits loan terms for partner buyouts to 10 years. WHAT TO LISTEN FOR5:18 Use of HELOC and Cash-out Refinance for Equity 6:30 Clarification of SBA 7(a) vs. 504 Loans 17:40 SBA’s N ..read more
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Inside Our Mastermind Events Part III: The Benefits of Membership
The Self Storage Podcast
by Scott Meyers
2M ago
For the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. Part II was recorded last Fall on another cool morning in Colorado the day after a wicked thunderstorm the night before. This episode features a round table discussion of various topics including the importance of reviewing loan documents, the cognitive clause in loan agreements, and the launch of the new South Storage Mastermind portal. The portal provides access to a member directory, event details, webinar recordings, and other resources. WHAT ..read more
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Inside Our Mastermind Events Part II: Strategic Insights from the Self-Storage Elite
The Self Storage Podcast
by Scott Meyers
2M ago
For the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. This episode was recorded last Fall on a crisp morning in Colorado. Scott sets the stage for the day which will include the principles of Napoleon Hill's Mastermind converge, offering a unique blend of professional wisdom and personal journeys. Scott shares his journey from AT&T Lucent Technologies to becoming a self-storage mogul, emphasizing the event's focus on community, capital, and deal flow. With a focus on growth, scaling, and a commun ..read more
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Inside Our Mastermind Events Part I: Building Legacy and Success
The Self Storage Podcast
by Stories and Strategies
2M ago
The next three episodes are going to be a unique experience. For the first time, we're opening the doors to our exclusive mastermind events, allowing you to listen in and gain invaluable insights at no cost. Part I is a special episode featuring industry titan Rick Gibson, who shares his vast experience in self-storage, including his journey through investing and the impactful lessons he's learned along the way. Nothing beats being at our mastermind events where you can network and ask your questions… but in this episode you'll get an inside look at the discussions that shape success in this ..read more
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