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This is a Replay of an episode first published in October 2023.

Are partnerships in self-storage the key to scaling up, or is it better to go solo?

In this episode, Scott sits down with Luke Wong, a self-storage entrepreneur who has made a name for himself in the industry.

Luke shares his journey from real estate flipping to his successful leap into self-storage investing. He dives deep into finding good partners, overcoming health and market challenges, and the power of networking in the self-storage world.

This conversation is packed with real-world insights for anyone looking to start or grow their self-storage business.

WHAT TO LISTEN FOR
4:50 – Transitioning to Self-Storage
16:35 – Taking the Leap with Partnerships
19:53 – Benefits of Good Partnerships
29:50 – Patience in Finding Deal

GUEST: LUKE WONG
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Ready to transform your future with self-storage success?

Scott welcomes special guests Roger and Julie Trovillion, a couple who went from real estate newbies to owning three self-storage facilities, all within a few short years.

Learn how they got their start, overcame doubts, and ultimately transitioned Roger out of his 9-to-5 job.

Hear their inspiring story of investing both actively and passively, while also making a difference through mission work. It’s not just business—it’s a lifestyle shift.

WHAT TO LISTEN FOR
02:45 The turning point that made them go "all in" on self-storage
08:40 The surprising ease of finding their first facility
15:20 The key to their confidence: Scott's no-loss investment strategy
17:05 The power of the Self-Storage Mastermind

GUEST: JULIE & ROGER TROVILLION
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Are you making the right moves in self-storage site selection, or are you risking costly mistakes?

In this episode of, Scott Meyers dives deep into one of the most critical aspects of self-storage development: site selection.

Scott explains how to evaluate potential sites, discusses the importance of consulting experts for feasibility studies, and highlights key factors such as zoning, site size, market demand, and competition.

WHAT TO LISTEN FOR
03:33 Understanding Zoning and Planning for Your Site
07:01 Ideal Site Size for Storage Facilities
15:11 Matching Facility Design to City Requirements
19:59 Positioning Your Facility Against Competition

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Are you treating your self-storage investment like a business or just a hobby?

In this episode, Scott looks at the crucial mistakes new investors make, particularly the costly error of not treating their self-storage ventures as serious businesses.

He outlines the fundamental steps necessary to ensure long-term success, including the importance of having a solid business plan, maximizing profits, leveraging technology, and implementing standard operating procedures.

Scott also shares insights on how to avoid common pitfalls and thrive in the ever-evolving self-storage industry.

WHAT TO LISTEN FOR
02:47 – Seven foundational points for self-storage success
12:03 – Maximizing profit centers in your facility
18:17 – Treating your business like a franchise
20:56 – You own it: The mindset of a successful owner

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Ready to fast-track your self-storage success?

In this episode, Scott launches a 30-day Letter of Intent (LOI) challenge with his Self Storage Mastery students, aiming to have each participant secure a property within a month.

He dives into the essential strategies for finding and evaluating deals, mastering time management, and avoiding common pitfalls that can slow down your progress.

If you’re serious about growing your self-storage portfolio, Scott’s insights on prioritizing tasks and executing a proven marketing funnel will get you there.

WHAT TO LISTEN FOR
02:29 - Speed and the Self-Storage Market: Why Timing Matters
06:44 - How a 30-Day Time Audit Can Transform Your Business
16:07 - Networking in Your Market: Why It Pays to Be Direct
21:46 - Scott’s Favorite Deal-Finding Techniques

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Are you overlooking crucial details that could make or break your self-storage investment?

In this episode, Scott scrutinizes the common mistakes self-storage investors make, especially when it comes to physical site inspections.

He shares tips on avoiding costly pitfalls, from HVAC and roofing issues to drainage and security systems.

This episode will equip you with the knowledge to ensure your investment is rock solid.

LISTEN FOR
01:33 Avoiding rookie mistakes in physical inspections
05:25 The hidden costs of poor roofing
11:22 Inspecting electrical systems and plumbing
16:04 Why thorough due diligence is non-negotiable

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In this episode, Scott chats with Tyler Sellers about his innovative software, Cactus AI, that revolutionizes the way self-storage investors handle underwriting.

From mom-and-pop operations to billion-dollar institutions, Sellers reveals how this tool leverages AI to streamline the underwriting process, saving time and ensuring precision in a rapidly evolving market.

Technology is leveling the playing field in real estate investment.

LISTEN FOR
05:42 - Cactus: A tool for both small investors and large institutions
14:19 - Tailoring Cactus to fit different investment strategies
22:27 - Education and coaching in self-storage underwriting
29:40 - Tyler’s personal story of starting with $0

Guest: Tyler Sellars, Principal & CEO at Cactus AI
Email | Website | LinkedIn | Tyler’s Self Storage Investment Journey

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Ever wondered what could derail your self-storage investment before you even start?

Scott shares his personal blunders and lessons from over 20 years in the self-storage business, providing vital advice on how to avoid costly errors.

He highlights the critical importance of location, market analysis, and thorough planning.

WHAT TO LISTEN FOR
04:44 Market Analysis: Key Factors to Consider
15:02 Retail Mindset in Self Storage
20:19 Supply Index and Market Demand
25:36 The Role of Feasibility Studies

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