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Scott began his real estate investing career back in 1993 having acquired over 400 rental units including single family homes and apartments, industrial buildings, commercial office buildings, and warehouses. Since then, his main focus has shifted to self storage investing and he now owns over 7,000 units / over $1M in self storage units and in the process, has become the Nation’s Leading Expert in the biz.

Topics Covered

• Assessing a potential space for purchase and investment

• Assessing the local market (3-5 mile radius)

• Finding deals and building relationships

• Ideal size is 150 units

• How to estimate the number of staff you'll need (10 hrs a week for every unit)

• Financing options for self storage

• Understanding lien laws for delinquent tenants

• Understanding what people want: clean, secure, flexible hours, well-lit, safety, lock boxes, specialty storage

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daily that can also help others? Basecamp, Slack
• What’s one key advice you would give to new investors looking to get into the self storage business? Have a plan for when music stops. “Everybody has a plan until they get punched in the face.”
• What book are you currently reading? Big Shifts Ahead by John Burns
• Where do you see yourself and your company in the next 5 years? Spending time with family, with the business running on autopilot.
• At the end of your life, how do you want to be remembered? For our mission where we build houses and we give them away and for setting my kids up for success.
• Where can Commit to Wealth nation go to reach out to you and find out more about self storage investing? Book: Self Storage Blueprint for Success selfstorageinvesting.com