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 selection, the critical role of feasibility studies, and shares lessons learned from past development challenges, urging investors to be proactive and well-prepared for when the market rebounds.

Listen For:
4:53 Evaluating Potential Development Sites
10:50 Overbuilding: A Developer's Cautionary Tale
13:37 Navigating Financial Challenges and Recovery Options

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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.

Listen For:
7:34 Unveiling RaFA: The Remote Field Operations App
11:14 Leveraging AI for Effective Customer Acquisition
16:17 The Philosophy Behind Spare Box's Technological Suite
19:14 Enhancing Tenant Communication via Tech Tools

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GUEST: JACKSON STEVENS CEO and Co-Founder of SpareBox Technologies.
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The ISS World Expo sets the stage.

After attending the ISS World Expo in Las Vegas, Scott shares a comprehensive breakdown of the event, highlighting the vibrant community and the dynamic evolution of the self-storage industry.

From technological advancements to the strategic discussions about the future of self-storage investments, Scott's offers a firsthand account of the industry's pulse. His focus on community, networking, and the significance of staying ahead of market trends provides invaluable guidance for anyone looking to scale in this sector.

Listen For:
3:52 Education and Strategy - Choosing Your Path at the Expo
5:02 The Great Rollup - Discussing Industry Consolidation
9:12 Business as Usual? - Self-Storage in Today's Economy

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Software solutions are helping manage all aspects of maintaining facilities, from tracking tasks and schedules to providing insights on operational improvements.

In this episode, Jadob Pandl and Bob Linneman of NodaFi join Scott to highlight the importance of having a centralized system for facility operations, especially for new entrants in the industry.

They also discuss the potential for technology to create an ecosystem where different applications can communicate with each other, leading to more efficient operations.

Storage facility owners need to embrace technology to enhance their operations and improve their return on investment.

WHAT TO LISTEN FOR
2:09 Enhancing Operational Efficiency
3:08 Data-Driven Decision-Making
14:18 Remote Management Capabilities
25:33 Technology Integration and Ecosystem Development

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GUEST: JACOB PANDL, NodaFi
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GUEST BOB LINNEMAN, NodaFi
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Three key steps to drive successful investments:

1. Focus on your primary source of income,
2. Understand the intricacies of tax-saving techniques
3. Wrap your head around the powerful concept of 'infinite banking'.

Addressing common fears and the noise of misinformation, Scott and guest Chris Miles emphasize the value of surrounding oneself with knowledgeable and successful individuals, encouraging a bold, yet calculated approach to personal finance and investment in 2024's dynamic market.

Listen For
4:23 Doubling Down: A Strategy for Growth
11:22 Get Lean, Get Liquid, Get Out
17:19 Deciphering the Cashflow Index
27:40 Infinite Banking vs. 401K

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GUEST CHRIS MILES
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Truth is the waters of financial advice are murky.

Chris Miles is a vocal critic of mainstream financial planning. He’s often described as the anti-financial advisor.

Chris brings a fresh and critical perspective on what truly works in the realm of investing. This cuts through the noise, challenging preconceived notions and exposing the hidden truths in the financial world.

WHAT TO LISTEN FOR
1:28 Rethink Traditional Financial Advice
3:16 Real Estate as a Key Investment Strategy
17:07 Avoiding Investment Traps
19:05 Diversification Beyond Stocks

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GUEST: CHRIS MILES
Chris Miles, the Cash Flow Expert and Anti-Financial Advisor, is a leading authority teaching entrepreneurs and professionals how to get their money working for them TODAY! He’s an author, podcast host of the Money Ripples Podcast, has been featured in US News, CNN Money, Entrepreneurs on Fire, and BiggerPockets

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The heart and hustle behind the Meyer’s self-storage empire.

This episode shares the personal and professional evolution of the Meyers’, from overworked landlords to self-storage magnates. Christina opens up about their initial leap of faith into the industry, while Scott details their transition into education and mentorship, shaping the country's leading self-storage community.

The couple candidly explores the balance of business and marriage, sharing invaluable insights on partnership and conflict resolution.

Topping off their narrative, they delve into their mission-driven business model, which has not only spurred financial success but also ignited a passion for philanthropy, leaving a lasting impact on communities and setting a heartfelt example for entrepreneurs everywhere.

WHAT TO LISTEN FOR
3:22 The Road to Teaching
5:04 Family Dynamics in Business
9:39 Behind the Scenes Insights
19:48 A Future Focused on Philanthropy

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GUEST: CHRISTINA MEYERS
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The transformative journey of self-storage investing from chaos to calm.

Scott and Christina Meyers share a raw and personal narrative of their entrepreneurial journey on the Self-Storage Podcast.

From their early struggles with single-family rentals to the liberating shift to self-storage, they reflect on the business's challenges and the freedom it ultimately provided their family. The Meyers’ discuss their first self-storage deal, the growth of their business, and the deep connections formed within the industry.

They emphasize how self-storage has enabled a flexible family lifestyle, including homeschooling their children and participating in mission trips, highlighting the stark contrast to their previous life consumed by demanding property management.

WHAT TO LISTEN FOR
2:04 - The Partnership Dynamic
4:57 - The Turning Point to Self-Storage
13:30 - Family Perceptions
26:11 - Lessons from Recessions

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GUEST: CHRISTINA MEYERS
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