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

Self Storage Investing

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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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Chapters

1. Your Self-Storage Investment is a Business… Not a Hobby (00:00:00)

2. Seven foundational points for self-storage success (00:02:47)

3. Maximizing profit centers in your facility (00:12:03)

4. Treating your business like a franchise (00:18:17)

5. You own it: The mindset of a successful owner (00:20:56)