Scott Krone sits down with Whitney Sewell in this episode of The Real Estate Syndication Show to explain how self-storage real estate is ‘recession-resistant', which is exactly why Scott was able to expand his business during the pandemic and why he is on track to meet his goal of opening 10 facilities in a five-year period. Scott shares how the pandemic has changed his business, the key criteria he looks at when evaluating a deal, and the methods he uses to improve the level of exposure of his business, plus, steps Scott is taking to become a better leader while helping others succeed on their own real estate investment journeys. 

• Some key takeaways from this episode are:
• The pattern in the self-storage market during the last four recessionary periods
• How the pandemic altered the timeframes the Scott usually works to
• The difference between A, B and C-class portfolios
• Evaluating price points and other key criteria when evaluating a deal
• How Scott adjusts when market irregularities hit
• The methods Scott uses to gain exposure for his business

Listen to the full episode here! 

Take a listen to this podcast episode where Scott Krone and Scott Meyers discuss converting distressed buildings into successful self-storage units. Scott Meyers actually helped expose Scott Krone to self-storage via a previous client. Scott shares some of his most recent projects, what his take is on the economic climate and how it affects self-storage businesses, and how Scott's background in architecture has helped him identify ideal projects to convert.

Some key takeaways include:

• What happened with some of Scott's projects when the pandemic first hit
• How Scott gets his greatest developments and shortest zoning time frames in recessions
• What types of buildings are great for conversion projects
• Scott's advice for how fast you should move ahead with projects during the recession

Listen to the full interview and read the complete show notes here!