EP#227 Self Storage a recession resistant asset with Scott Krone

Today I chatted with Scott Krone, Founder Coda Management Group
Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specialises in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.

Episode Spotlights
- Impact of design on cost, and space
- Effective space management while designing a building structure
- Appreciating the predictability of self-storage even during recessions
- Self-storage is like the step-child, Cinderella of real estate
- How lending works for a newly constructed self-storage unit
- Implementing tax shelters to increase ROI
- Thinking about the ultimate exit strategy
Book Recommendations
- The road back to you
Connect with Scott:
Email: [email protected] Website: https://www.codamg.com/
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