Self Storage Investing

Send us a text

Today, our guest Kathryn East is back on the show to share common pitfalls new and existing owners make in their self-storage business. Get to learn the disadvantages of some storage facilities and how to resolve them. Listen in and acquire valuable tips from one of the experts!
WHAT TO LISTEN FOR
The common self-storage gate issues to avoid
Better ways to effectively communicate with your managers
Advice on handling self-storage customer delinquencies
A strategy for raising your storage facility’s rates and rents
Why it’s important to have good communication and proper meeting schedules
RESOURCE/LINK MENTIONED
If you want to join gatherings of elite self-storage investors, visit thestoragemastermind.com to apply for the mastermind.
ABOUT KATHRYN EAST
Kathryn East is a wonderful Mentor/Coach with the Self Storage Investing Team and owner of Sopapta, LLC, who helps new storage owners valuate and define facilities to fit their goals. Kathryn is also an Operations Specialist specific to self-storage with 13 years of experience in the industry from ground level to ownership. She is an experienced Executive Director with a demonstrated history of working in the executive office industry. She is skilled in Negotiation, Business Planning, Operations Management, Microsoft Word, and Coaching. Strong business development professional with a vast knowledge of the Storage Industry.

CONNECT WITH KATHRYN
LinkedIn: https://www.linkedin.com/in/kathryn-east-22859564/

CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/
Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a text

Today, CEO of Hearthfire Holdings Sergio Altomare talks about the solid history of high returns on investment, reveals the secrets to scaling your business, and thriving in the real estate market using suitable systems and processes. Take advantage of this once-in-a-lifetime opportunity to expand your business right now!
WHAT TO LISTEN FOR
The importance of wisely investing in your company's growth
How does assessing business models result in effective exit strategies
Profitable business opportunities based on current market trends
Two things that can generate massive business returns
RESOURCES/LINKS MENTIONED
Who Not How | Paperback https://amzn.to/3w3r3AW and Kindle https://amzn.to/3L3S23w
The E-Myth Revisited
Traction | Paperback https://amzn.to/3yrzUh8 and Kindle https://amzn.to/3yxgp6X
ABOUT SERGIO ALTOMARE
Sergio Altomare is the CEO and co-founder of Hearthfire Holdings alongside his wife. Sergio began his career working for the U.S. Federal Reserve System and worked his way up the ladder in all facets of technology. He entered real estate as a side business in 2012 and, using his experience and IT skills, scaled Hearthfire Holdings through solid systems, processes, and data analytics. Hearthfire Holdings has built a portfolio of more than $50M in assets under management and syndicated over $12M in assets, returning more than $2M in profit and 25 percent IRR to investors.
CONNECT WITH SERGIO
Website: https://hfirecapital.com/
LinkedIn: https://www.linkedin.com/in/sergio-altomare-7823294/
CONNECT WITH US

Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/
Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Send us a text

What does it mean to scale or partner with people continuously growing on a more significant level? Live from the Inside Self-Storage (ISS) World Expo 2022 in Las Vegas, Herby Bowman joins us in our booth to briefly talk about Store Space’s journey and success stories. Scalability is the theme, and we got you covered.
WHAT TO LISTEN FOR
Non-traditional ways of structuring deals
Store Space’s value proposition in the market
The entrepreneurial side of self-storage
Next-level play, geography wise
The importance of delegation and focusing on one’s strengths

RESOURCES/LINKS MENTIONED
Chis Harris https://www.linkedin.com/in/harrisstorespace/
Rob Consalvo https://www.linkedin.com/in/rob-consalvo-16a7474/
iStorage https://www.istorage.com/

ABOUT HERBY BOWMAN
Herby has been successfully growing brands for decades. In the mid-’90s working with hospitality brands like Days Inn, Howard Johnson, Ramada, and more recently with Choice Hotels’ brands. He has had success in many areas. He has closed well over 100 hotel deals with brands like Comfort Inn & Suites, Days Inn, Sleep Inn, MainStay Suites, and Suburban Extended Stay Hotels and has helped these systems grow into the ubiquitous names they are today. June 2019 brought new challenges in the self-storage sector, promoting Public Storage's newly created Third Party Management Platform. In late 2021, he joined Store Space Self Storage to guide their growth and development efforts. Since graduating from the University of Tulsa in 1991, he has flourished in brand development and product promotion. Beginning his career at Sysco Foods, he quickly moved into hospitality product sales, working for Guest Supply. While at Guest Supply, he led the charge to build the amenity program for Guest House International. After a stint in Franchise Development with HFS (now Wyndham), the world of pharmaceuticals beckoned. He spent several years promoting brands for Johnson & Johnson, Bayer, and Roche. Before returning to Franchise Development, he earned the coveted “CMR,” Missing the art of the large deal, he then transitioned back into the realm of Hospitality Franchise Development. Working with Choice Hotels International since late in 2007, I earned six consecutive President’s Club Trophies and was awarded two prestigious “Deal of the Year” awards. Currently, he is Store Space Self Storage’s Vice President of Strategic Partnerships.

CONNECT WITH HERBY
Website: https://www.storespace.com/
LinkedIn: https://www.linkedin.com/in/herbebowmanjr/
Email: [email protected]
CONNECT WITH US

Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/

Send us a text

Would you like to do more with your money than sell and chop up the proceeds to the various government agencies or taxing entities and then reinvest in the difference? We’ve got you covered through a financial tool that can allow you to do several beautiful things as an entrepreneur, an investor, and a business owner. Brett Swarts and Jake Mellor explain more!
WHAT TO LISTEN FOR
What is deferred sales trust and how to take advantage of it?
1031 tax-deferred exchange vs. deferred sales trust (DST)
Guide questions to understand Deferral, Deduction, Exemption (DDE)
Pros and cons of using 1031 and DST
Requirements to establish a 1031 or a DST
RESOURCES/LINKS MENTIONED
1031 Exchange: https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx
Marcus and Millichap: https://www.marcusmillichap.com/
Cheesecake Factory: https://www.thecheesecakefactory.com/
Kevin Harrington: https://en.wikipedia.org/wiki/Kevin_Harrington_(entrepreneur)
Seasons of Life by Jim Rohn: https://amzn.to/3O5Xiq1
The Innovator’s Dilemma by Clayton M. Christensen: https://amzn.to/3LQIiKK
The Innovator’s Solution by Clayton M. Christensen: https://amzn.to/3uxCsIn
ABOUT BRETT SWARTS AND JAKE MELLOR
Brett is a Deferred Sales TrustTM Trustee, DST expert, capital gains tax deferral expert, investment real estate expert, multifamily broker, and the founder of Capital Gains Tax Solutions. He created ‘Capital Gains Tax Solutions’ to equip high-net-worth individuals and their trusted advisors with the Deferred Sales TrustTM tool to help them solve capital gains tax deferral limitations. Jake Mellor is the CEO/Founder and Principal Broker of the Strategic Wealth Solutions, Strategic Tax Solutions, Strategic Insurance Solutions, and A+ Farms. An MBA, Master of Accountancy, is a CPA Candidate and has been advising clients as a Certified Financial Planner Practitioner since 2012.
CONNECT WITH BRETT & JAKE
Websites: https://www.strategic-taxsolutions.com/; https://capitalgainstaxsolutions.com/
Phone Number: 1800-773-1848
YT: https://www.youtube.com/channel/UCAykQNmIWZ0KARBeVWcQxUA
IG: https://www.instagram.com/brett_swarts/
FB: https://www.facebook.com/capitalgainstaxsolutions/
LI: https://www.linkedin.com/company/capitalgainstaxsolutions
Book: Building a Tax-Deferred Exit Strategy: https://amzn.to/3uAo6Hh
CONNECT WITH US
Website: https://www.selfstorageinvesting.com/
FB: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LI: https://www.linkedin.com/in/scottameyers/
YT: https://www.youtube.com/user/SelfS

Send us a text

From being a medical professional to becoming an active investor in multiple real estate niches and other business ventures, we’ll be talking about what it takes to be on another level of success through real estate investing. Ross Stryker reveals secrets to his accomplishment, the value of taking action as an investor, and why your health should be your top priority. Take this opportunity to learn more, so tune in!
WHAT TO LISTEN FOR
The reward of joining real estate and mastermind groups
How taking action and staying persistent could take you further in business
Advantages of investing and navigating different types of investments
Existing issues and crises in the housing market and affordable housing
Advice on how to prioritize self-care and focus on good health habits
RESOURCES/LINKS MENTIONED
Life Force by Tony Robbins | Hardcover https://amzn.to/3pzdc12 & Audiobook https://amzn.to/3QHQtfc
The Win-Win Wealth Strategy by Tom Wheelwright | Hardcover https://amzn.to/3caE18P & Audiobook https://amzn.to/3TaIjOb
Who Ate Lunch With Abraham by Asher Intrater https://amzn.to/3dKLxHN
MONEY Master the Game by Tony Robbins https://amzn.to/3dMrOaG

ABOUT DR. ROSS STRYKER
Ross Stryker is a founder and CEO of Smart Asset Opportunities – which helps educate busy small business owners to take charge of their own financial freedom plans. He practiced dentistry and specialized in Orthodontics for over 35 years – 12 of those years were while serving in the US Army – reaching the rank of Lieutenant Colonel and later in private practice where he grew one of the largest single doctor practices in the country. Ross has owned 40+ single-family homes and written two books – one specifically on real estate investing. He has been part of 4 different masterminds and attends additional conferences, seminars, and meetings with elite real estate investors. He knows that unlike wall street where insider information will get you thrown in jail – in real estate investing – that is where the real opportunities can be found. It is not the asset that makes the opportunity work – it’s the people behind the asset. Having participated in a multitude of commercial projects, including Self Storage facilities, mobile home parks, office complexes, ATM purchases, a coffee farm in Panama, apartment complexes, and even a resort in Belize. Ross has invested in and in many cases helped with capital raises on projects worth 10’s millions of dollars. His latest project is StoreEase of Fultondale.

CONNECT WITH DR. ROSS
Website: Smart Asset Opportunities https://www.smartassetopportunities.com/
Phone: 417 664 0880

CONNECT WITH US

Website: https://www.selfstorageinvesting.com/
Facebook: https://www.facebook.com/selfstorageinvesting
Twitter: https://twitter.com/SelfStorageGuy
LinkedIn: https://www.linkedin.com/in/scottameyers/
Youtube: https://www.youtube.com/user/SelfStorageInvesting
Instagram: https://www.instagram.com/self_storage_investing/

Subscribe so you never miss a NEW episode! Leave us an