Realty411 Magazine Featuring Scott Meyers | Page 32
If you’re interested in checking out this space, you’ll
want to see Scott’s recent blog on Where to Find Self
Storage Facilities for Sale. His website also offers a Self
Storage Analysis and Valuator tool for sizing up potential
opportunities.
Investing in SelfStorage Real Estate
Scott admits he has made a lot of mistakes over the years,
which is a main driver behind what he does now in investing
his time in sharing this knowledge and expertise. He doesn’t
proclaim to be a guru. Though he wants to help others avoid
the mistakes he made, and ensure they are successful along
the way, if they decide this niche is right for them.
This includes a home study course, live events where you
can meet Scott in person, and a mastermind group if you
already in this sector and want to scale. He also sometimes
offers access to private placement or syndication
opportunities to qualified investors, as well as helps connect
and partner up those who want to do this themselves, but
may need someone with more experience on their team.
Find out about all these resources and more about Scott
at SelfStorageInvesting.com
Some of those are:
● Selling moving supplies
● Providing renters insurance
● Propane tank fill up services
● Wine storage
● Fine art storage
● Moving truck rentals
● Portable storage pods
● Valet storage
● Electric vehicle charging stations
● Cell towers
● Generating energy with solar roofs
In addition to existing selfstorage properties with lots
of value add potential or new construction, there are a
booming number of mixed use opportunities. All of these
strip malls and bankrupt big box stores. Now selfstorage
can be an anchor and major money maker, combined with
rightsized retail, laundromats, restaurants, coworking
spaces and business centers, as well as pack and ship
services.
While Scott has virtually done it all, today, in his own
investing he mostly focuses on $11M plus deals,
institutional grade properties, value add, and partnerships.
After being stabilized, there is also a big resale market for
these properties from bigger institutions and funds craving
the safety of real estate and the attractive yields. As of
now, those big guys only hold about 10% of the self
storage market, meaning a massive opportunity ahead.
Scott has taught for ‘Rich Dad’ Robert Kiyosaki, and
was a REIA president before being asked to move into
education to share his experience in this space.
That has morphed into software, syndications and both
online and live training, in this niche which few really
know well.
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