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This is a Replay of an episode first published in July 2024.

Ever wondered how to turn a sleepy self-storage facility into a bustling profit powerhouse?

Unlock the hidden potential of self-storage with the expert insights from Peter Smyth on the Self-Storage Podcast. Scott and Peter explore the nuances of tailoring management strategies to individual needs, enhancing customer experience, and sustaining growth in a challenging economic landscape.

Peter discusses the competitive edge and strategic advantages of white-label storage management, emphasizing how to transform overlooked or mismanaged facilities into profitable ventures.

Through real-world case studies, he illustrates the importance of leveraging technology, effective revenue management, and customized services to optimize operations.

WHAT TO LISTEN FOR

00:58 - Creating a White Label Self-Storage Brand

10:48 - Revenue Management and Cost Reduction Strategies

15:17 - Logical Pricing Parameters

19:15 - Balancing Quality and Cost Reduction

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GUEST: PETER SMYTH

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Is now really the best time to invest in self storage — or are you missing the wave while waiting on the sidelines?

Scott Meyers makes a bold case for why the current market climate may be the most promising we've seen since 2012.

As inflation tapers off and interest rates begin to ease, Scott unpacks why seasoned investors are charging full speed ahead.

He also revisits the powerful benefits of third-party management — giving investors a way to underwrite with precision, eliminate operational headaches, and optimize online exposure without breaking the bank on marketing.

From lessons learned in previous cycles to boots-on-the-ground insights from the latest industry expos, this is a timely masterclass on investing with confidence when others hesitate.

LISTEN FOR

1:42 – Investor Paralysis Explained

3:46 – Money on the Sidelines: What's Holding Back Investors?

7:09 – Capital Crunch: Lending is Tightening

7:56 – Third-Party Management Reloaded: Why It Works Now More Than Ever

9:56 – Cutting Marketing Costs Without Losing Leads

10:16 – Create Your Legacy Through Storage

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What happens when a pilot trades the cockpit for a climate-controlled unit?

In this episode, Scott sits down with Ryan Gibson of Spartan Investment Group for an in-depth look at the evolution, strategy, and future of self-storage investing. Ryan shares his fascinating journey from the airline industry to managing a self-storage empire valued at over $800 million.

The two discuss how speed, adaptability, and vertical integration are the engines behind Spartan’s exponential growth, and why partnering with REITs (rather than competing with them) is a game-changing move.

They dig into how current market dynamics—from inflation to sluggish home sales—are reshaping investment strategies, and why a flat market isn’t necessarily a bad thing.

Watch For

2:24 Why Speed Is the New Currency in Storage
3:28 Vertical Integration Meets Strategic Agility
8:46 The REIT Pivot: Strategy or Survival?
13:56 The Built-In REIT Exit Strategy
19:13 How REITs Use Third-Party Management as an Acquisition Funnel
21:03 Building REIT-Ready Properties for Premium Exits
22:56 Are REIT-Managed Deals Lower Return?
32:51 Where Spartan Is Buying Now: Growth Markets with No Pipeline

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Connect with Guest: Ryan Gibson

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CONNECT WITH US

Website | You Tube | Facebook | X | LinkedIn | Instagram

Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.