February 28, 2020

Episode 130: Storing Cash in Storage Units with Kris Benson

35 minutes

In this episode, we ask:

Are storage units going to be around awhile?

Who is Kris Benson?

What about the trading time for money model?

How did Kris get into real estate?

How did Kris niche down?

Where are the markets for self storage?

How many self storage units are there?

What mindset do people have for using storage?

Are there more storage units than fast food places?

Who are the storage unit customers?

Why would someone want to invest in storage units?

Do storage units have fussy tenants?

What are the two types of investors in storage units?

What are the three pillars that drove Kris into storage investing?

What about overall returns according to the data on nareit.com?

What is a real estate investment trust?

How is storage an out-performer?

What happened in the latest downturn?

Do Americans get rid of things when times are good?

Do Americans get rid of things when times are bad?

How many players are in the storage space?

What are the 5 major REITS in self storage?

What about mom and pop operators?

How does Kris evaluate storage properties?

What about net operating income (NOI) growth?

What do they do at Reliant?

Who is John Cordova?

How is storage a micro market?

How is storage not like an apartment complex?

How is storage a business of convenience?

What can go wrong in the storage business?

What about direct ownership of storage?

What about partnering with an operator?

How does occupancy fluctuate?

What about passive income streams?

What about Reliant’s professional organization with 48 properties?

How is this a diversification tool?

What happens to storage units when the stock market fluctuates?

What are some of the tax advantages of investing in real estate?

Is it possible to do cost segregation on a storage building?

What about the recapture?

What about long term capital gains rates vs. ordinary income?

Do passive investors receive depreciation?

Who needs to check with their CPA?

What’s a non-correlated asset?

Have you visited krisbenson.com?

Would you like to visit reliantinvestments.com?

What does self storage provide?

What about growing wealth in a way that is recession resistant?

Note the disclaimer: The topics presented in this podcast are for general information only and not for the purposes of providing legal, accounting or investing advice. On such matters, please consult a professional who knows your specific situation.

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What about Moneeka Sawyer’s upcoming virtual, online Real Estate Investing for Women Summit? What about networking, the book, the date and the pricing?

What will Mark be speaking about at the summit?

Would you like to join? Visit blissfulinvestor.com/event

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What’s your most memorable money mistake? What lesson did you learn from it? Leave us a voice message by March 15, 2020 and we will send you Pamela Yellen’s latest book FOR FREE.

Kris Benson, is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management. Reliant Real Estate is one of the top 30 commercial self-storage operators in the U.S. in 2018. As chief investment officer at Reliant, Kris’s investing philosophy has always been about changing the paradigm of trading time for money. Kris knows the only thing in this world you cannot create more of is time . Time with your family and ultimately time doing the things you love. Investing in real estate has always been his path to passive income and he is passionate about sharing that opportunity with others.

In the last 12 months the Reliant team has invested over $96MM in self-storage projects and raised over $38MM from investors.

Self-Storage provides a unique opportunity to invest in one of the most successful asset classes in the past 5 years and take advantage of the institutional interest moving forward.

Kris graduated from the State University of Binghamton and currently lives just outside Saratoga Springs, NY with his wife Jenn and two sons, Noah and Luke.

He is an outdoor enthusiast with a passion for the ski mountain, the lake, and his mountain bike!

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