EP149: Building Fortunes from Empty Spaces

EP149: Building Fortunes from Empty Spaces - Scott Meyers

In today’s episode, Scott shares his remarkable journey from residential to commercial real estate, and how he's mastered the art of self-storage to achieve financial freedom. From navigating through economic downturns to expanding his ventures internationally, Scott imparts valuable insights on the importance of integrity and transparency in business. He emphasizes the necessity of aligning one's financial endeavors with a greater purpose, a philosophy that his company embodies through their commitment to giving back to communities by building homes in Mexico.

We’ll explore the appealing world of self-storage as an asset class, examining its resilience during recessions, its consistent performance, and favorable cap rates—even amidst the current high-interest rates. With over three decades of syndication expertise, Scott breaks down the nuts and bolts of self-storage units, including why they're a prime investment during times of transition, and the strategies for acquiring and converting properties.

Show Notes
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In this episode, you will learn

The Importance of Trust and Transparency
Importance of win-win scenarios in negotiations
Self-awareness and personal integrity in decision-making
Different methods to enter the self-storage market

About Scott

Scott Meyers and his affiliated companies focus on the acquisition, development, and syndication of self-storage facilities nationwide. He currently owns and operates over 4,000,000 square feet and over 25,000 units nationwide. His education organization, SelfStorageInvesting.com, provides courses, tools, live events and mentoring to help others launch their own self-storage business to enjoy a lifestyle as he has coined, “free from tenants, toilets, and trash!”. His various companies fund and build 4 - 6 houses each year in Mexico by taking his family, staff, and clients on an all-expense paid short term mission trip.

Connect with Scott

Website: https://selfstorageinvesting.com/

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