Scott Meyers and his affiliated companies specialize in the acquisition, development, and syndication of self-storage facilities throughout the United States. He currently owns and operates over 2,400,000 square feet and 14,000 units across the country. His education organization, SelfStorageInvesting.com, offers courses, tools, live events, and mentoring to assist others in starting their own self-storage business and living a lifestyle “free from tenants, toilets, and trash!” ”.
Scott Meyers is known as the self-storage industry’s Leading Expert. Since he began his real estate career in 1993, he has been the architect of dozens of extremely successful real estate transactions. Nonetheless, he does not consider himself an investing expert in every aspect of the industry. What distinguishes him from others is that he learns from his mistakes, pays attention to his errors, and has become an expert at not making the same mistake twice and learning from each one. Along the way, he became an expert at teaching others about the industry and how to avoid making the same mistakes he did when investing in self-storage.
His various businesses fund and build 4 – 6 houses in Mexico each year by taking his family, staff, and clients on an all-expenses-paid short-term mission trip.
Episode Highlights Here:
Scott Meyers:
You just got to be in the business of marketing, in the beginning, to fill your funnel to have an opportunity even look.
Pierce York:
Where do you find these deals?
Scott Meyers:
I’m in the fortunate position that we’ve been doing this for a number of years. Also, we have a teaching platform as well. So I’ve been educating and consulting and doing partnerships for a number of years. I write for Forbes magazine and inside self-storage, and I speak at the trade shows. So I’m fortunate enough and blessed enough that I have a platform and I have a voice and people know me and my brand. So, as a result of that, and when you get to a certain level, people begin to bring deals to you. If they’ve been following you or see you out there, your name comes up over and over again, when they have a deal that they can’t take down themselves, or even if they are wholesalers, or if they are looking for partners. The banker says, hey, we’d like to deal and we’d like you, but you need a little more experience and a little more a stronger balance sheet and maybe some capital to bring into the deal. That’s how people find us because that’s our message is that we will buy properties from folks if they want to wholesale, and we will do some joint ventures, we’ll do some partnerships, we’ll entertain that if it makes sense to do so. So, because of that, over the years, a number of folks and a number of opportunities then come to us. But in the very beginning, for the folks out there that are just starting out, it’s not too dissimilar to all other forms of real estate. That is a grassroots effort of going through the various marketing channels. So sending out direct mail, and then following up with phone calls, you know, you got to call those people they owners on when you’re driving your market, pulling on doors and talking to the person behind the counter, sometimes it’s the manager, sometimes it’s the owner, creating good relationships with the Commercial Brokers and the Self Storage Brokers in the market and let them know exactly, here’s what I’m looking for. Give me a call if anything meets the criteria. if you don’t mind, I want to be on your mailing list, on your email list to get a steady stream of information and deals put in front of me and then talk with business brokers and the multitude of people in your circle, in the circles of real estate and then have access to and can potentially, funnel deals or at least make you aware of some deals that come onto the market. So you just got to be in the business of marketing, in the beginning, to fill your funnel to have an opportunity to even look at deals.
Pierce York:
Absolutely.
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About Scott Meyers
Scott Meyers and his affiliated companies specialize in the acquisition, development, and syndication of self-storage facilities throughout the United States. He currently owns and operates over 2,400,000 square feet and 14,000 units across the country. His education organization, SelfStorageInvesting.com, offers courses, tools, live events, and mentoring to assist others in starting their own self-storage business and living a lifestyle “free from tenants, toilets, and trash!” ”.
Scott Meyers is known as the self-storage industry’s Leading Expert. Since he began his real estate career in 1993, he has been the architect of dozens of extremely successful real estate transactions. Nonetheless, he does not consider himself an investing expert in every aspect of the industry. What distinguishes him from others is that he learns from his mistakes, pays attention to his errors, and has become an expert at not making the same mistake twice and learning from each one. Along the way, he became an expert at teaching others about the industry and how to avoid making the same mistakes he did when investing in self-storage.
His various businesses fund and build 4 – 6 houses in Mexico each year by taking his family, staff, and clients on an all-expenses-paid short-term mission trip.
