In this recent episode with Chase Maher, Scott Krone shares how to get started in self storage and opportunity zone investing, which is a recession resistant asset class great to invest in over the next 12-18 months.
Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.
In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.
In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes – Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.
Some key takeaways from the interview include:
- The 3 distinct classes of Self Storage
- Which class of Self Storage is best for beginners
- How to finance Self Storage
- The buying criteria for a successful Self Storage investor
- Zoning and other tips for Self Storage
- Why Self Storage is Recession Resistant
Listen to the full interview and read the complete show notes here!
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