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Your Self-Storage Investment is a Business… Not a Hobby

Author
Scott Meyers, Stories and Strategies
Published
Mon 09 Sep 2024
Episode Link
None

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Are you treating your self-storage investment like a business or just a hobby?  

In this episode, Scott looks at the crucial mistakes new investors make, particularly the costly error of not treating their self-storage ventures as serious businesses.  

He outlines the fundamental steps necessary to ensure long-term success, including the importance of having a solid business plan, maximizing profits, leveraging technology, and implementing standard operating procedures.  

Scott also shares insights on how to avoid common pitfalls and thrive in the ever-evolving self-storage industry. 

WHAT TO LISTEN FOR
02:47 – Seven foundational points for self-storage success
12:03 – Maximizing profit centers in your facility
18:17 – Treating your business like a franchise
20:56 – You own it: The mindset of a successful owner 

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