The Pros and Cons of Self Storage Investments and Partnerships Webinar Description
What are the pros and cons of self storage investments and partnerships? Growing demand, low overhead, and less management than traditional real estate make self-storage an enticing investment. In this episode of Self-Storage Unlocked, Scott Meyers and Jeremiah Boucher discuss the pros and cons of getting involved with a self-storage fund.
Date: November 3, 2022Â Â Â Â Â Â Â Â Length: 01:03:34
Topics and Questions Discussed
00:00:00 Intro
00:00:15 What is the SBOA?
00:02:00 Housekeeping & Introductions
00:03:30 What does Patriot Holdings do?
00:05:05 Who is Jeremiah Boucher?
00:06:43 What is Self Storage Investing?
00:07:45 Who is Scott Meyers?
00:10:45 Advice for new self storage investors
00:14:00 What’s a good business model for self storage investing?
00:15:27 What to look for in a self storage partnership
00:18:00 GP vs LP
00:20:10 How do I find an investment partner?
00:23:50 What’s the Scott Meyers Mastermind Group?
00:25:57 What’s a good strategy for underwriting self storage?
00:29:30 Alternative financing for self storage investments
00:34:25 How to get started in real estate syndication
00:36:28 Being part of an investment fund
00:39:15 What is an accredited investor?
00:45:06 Criteria for a value-added self storage property
00:51:45 What are the challenges of finding a value-add property?
00:55:20 How to get a seller to put up the land for your self storage development
00:57:50 What works best? Direct mail, text, email, or random cold-calls
00:59:01 Are self storage conversion projects profitable?
01:02:34 Closing comments
