Today's episode is the second and last part of our series on recession-proofing your self-storage investments. In this installment, we'll cover the basics for an economic downturn and provide valuable tips to achieve your goals. Discover the top actions to keep your finances strong and be well-prepared to weather the storm of an impending recession.WHAT TO LISTEN FORVarious ways to generate cash for your business's futureWhy you should stress test your assets and entire portfolioThe importanc...

7 Things Self-Storage Investors Must Do to Prepare for the Recession - Part 2

This is the Self-Storage Investing Podcast, where we share the knowledge and skills from the industry’s leading investors, developers, and operators to help you launch and grow your self-storage investing business.&nbsp; &nbsp; What made them a success? Built their wealth? What was their mindset and mentality as they entered the space and found room for business growth? &nbsp; Led by podcast host Scott Meyers, we have a track record spanning two decades having successfully acquired, converted, developed, and syndicated over 4 1/2 million square feet of self-storage properties nationwide. Discover the secrets to building wealth and creating a thriving business mindset through our insightful episodes with leading experts. We delve into topics such as navigating recessions and market crashes, as well as the lucrative world of real estate investing through self-storage. &nbsp; Join us as we explore strategies, tactics and insider tips that will propel your self-storage investing journey toward prosperity. Get ready to unlock the potential of this lucrative (recession-proof) industry and embark on a path to financial freedom.&nbsp; &nbsp;

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Self-Improvement

Imagine the booming world of self-storage evolving into something even more specialized and lucrative. In this episode, Scott Meyers chats with Joe Downs of the Belrose Storage Group about the emerging niche of "pro storage" – a unique blend of contractor and RV/boat storage. They explore the untapped potential of this market, the challenges of zoning and site selection, and the high demand driven by shifting consumer trends. Joe shares insights from his journey, emphasizing the importance of...

Beyond the Box: Pro Storage Explained

Turn your savings into a wealth-building machine.Scott Meyers introduces Donnell and Angelique Stidhum, a dynamic duo dedicated to empowering individuals through financial literacy. They share their journey and strategies for leveraging self-directed 401(k)s, real estate investments, and other financial tools to achieve financial security and freedom. Highlighting the importance of community and clear goals, the Stidhums provide a roadmap for transforming traditional retirement accounts into ...

From Traditional to Self-Directed: A Wealth-Building Journey

Site development is critical! In this episode, Scott shares the essentials of developing the perfect location for your self-storage business. From understanding zoning regulations and gaining community support to identifying red flags like environmental challenges and wetlands, he emphasizes the importance of due diligence and strategic planning. Scott highlights the critical role of market studies, feasibility assessments, and proactive consultation to ensure profitability and mitigate risks...

Breaking Ground: The Next Steps in Self-Storage Site Development

Essential strategies for development amidst financial uncertainties. In this episode, Scott explores the intricacies of evaluating potential development sites for lender approval in today's challenging economic landscape.  With interest rates on the rise and a potential recession looming, Scott discusses the strategic importance of seizing opportunities during economic downturns, where less competition can lead to greater profits.  He provides detailed insights on proper site select...

The Developer’s Guide to Self-Storage Site Evaluation

Technology is transforming self-storage.Jackson Stevens shows us how tech can reign supreme in the realm of self-storage.Scott and Jackson discuss the SpareBox Technologies’ rapid growth and the innovative software solutions driving operational excellence. From AI-driven revenue management to real-time field operations apps, Stevens articulates how the integration of these technologies not only boosts NOI but also fundamentally alters the traditional storage facility management approach. List...

7 Things Self-Storage Investors Must Do to Prepare for the Recession - Part 2

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