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How are Your Capital Raising Efforts Going in Today's Market?
Description
Those who listen to this show likely either manage or invest in rental properties. There are several different types of real estate to choose from, but have you ever considered self-storage units?
In today's episode of the #DoorGrowShow, property management growth expert Jason Hull sits down with the "OG" of self-storage real estate investing, Scott Meyers to talk about an opportunity to invest in real estate without the common challenges of residential properties.
You'll Learn[01:22] Switching from residential investment properties to storage units
[08:35] Investing in self-storage without the management
[12:15] Pros and cons of self-storage
[14:51] Self-storage education
Tweetables"When you have just a hammer, everything looks like a nail."
"Be honest with yourself, and sometimes the best cook in the world can't fix a broken recipe."
"Once you get behind in habitational real estate and rental real estate in general, you know, it takes double the effort to get caught back up again."
"The more valuable you are to your property management business the less valuable your property management business is to everybody else."
Resources Transcript[00:00:00] Scott: Self-storage really found me instead of me finding self-storage. Which I just felt it's a simple, predictable business model that you can replicate over and over again without as many moving parts and that human factor.
[00:00:11] Jason: Welcome DoorGrow property managers to the DoorGrow show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you're interested in growing in business and life, and you're open to doing things a bit differently, then you are a DoorGrow property manager.
[00:00:28] DoorGrow property managers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow.
[00:01:09] Now let's get into the show. All right. So. I'm hanging out here with Scott Meyers. Welcome Scott.
[00:01:18] Scott: Thanks. And so good to see you again. How are you?
[00:01:20] Jason: Good. Good. It's good to have you. So, why don't we get into your background, how you kind of into this, but Scott, you're a self storage investment expert. Is that fair to say?
[00:01:33] Scott: That's fair to say. They call me the OG in self storage now. And I guess I can step into that role.
[00:01:38] Jason: All right. The OG, the original gangsta. All right. So tell us a little bit how you got into this.
[00:01:44] Scott: So like