a canadian investing in the usa

Scott Krone Featured on A Canadian Investing in the USA

On this podcast episode, Scott sits down with Glen Southerland to discuss the benefits of investing and developing self-storage facilities. Scott provides valuable insight on his investment philosophy and criteria. 

Some key takeaways include:

  • Going where the market takes you rather than trying to dictate the market 
  • Why self storage is more predictable than multi-family 
  • When it makes sense to convert a building to self-storage 
  • What makes self storage a landlord friendly investment 

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

WEBSITE FORM HERE

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Scott Krone Featured on The FI Show

On this episode of the FI Show, Cody and Justin sit down with Scott to discuss investing in self-storage and green homes. 

Some key takeaways include:

  • How one architechure class turned into a launching pad for Scott's career
  • Scott's journey of branching off to form his own company
  • Breathing new life into dilapidated commercial properties and converting them into cash cow storage units  
  • Green home design

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

WEBSITE FORM HERE

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Scott Krone Featured on the Passive Income through Multifamily Real Estate Podcast

One of the most recession-resistant asset classes is warehouse investment, and today we sit with industry expert Scott Krone to find out why. With a Master’s of Architecture from Illinois Institute of Technology, Scott is the Founder of Coda Management Group; a company that specializes in creating and seeking existing warehouse investment opportunities. We open the show by hearing more from Scott about Coda and what they do in the real estate space. Scott then talks about warehouses as an asset class and draws relatable comparisons to multi-family. He notes why warehouse investment is a simplified version of multifamily, and how they’re typically favorable toward NNN leases. Looking at present times, we ask Scott to tell us about how his warehouses have performed during the coronavirus pandemic. Listeners will delight in some of the ways this asset class has soared, as Scott uses examples of basketball and indoor golf. Following this, Scott gets into the nitty-gritty things and explains how he evaluates markets for warehouse opportunities, the strengths of warehouse opportunities, and who he works with to find inventory. To conclude the show, we ask Scott about his biggest business blunders and what his most useful industry tool is.

Some key takeaways include:

  • What makes warehouse leasing so similar to multi-family
  • How the warehouse space has coped with the coronavirus pandemic
  • Driving factors that make investing in the warehouse space interesting for Scott
  • How Scott evaluates markets for warehouse opportunities
  • Scott's top three strengths for warehouse investing
  • Cautions that come with warehouse investment 
  • What a typical investment plan looks like 

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

WEBSITE FORM HERE

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Scott Krone Featured on The Real Estate Way to Wealth and Freedom

Scott Krone is a real estate investor, real estate coach, an expert in the self-storage asset class, Principal of an international award-winning Design + Build firm and at Coda Management Group Chicago, a company that purchases undervalued warehouse space and converts it into climate-controlled, Class-A, and REIT ready self-storage properties. He has a background in architecture and enjoys creating and developing things. He had learned about real estate from his college instructor who owns a real estate development company where he began working until finally started his own real estate company!

Some key takeaways include:

  • Self-storage benefits and value-add returns 
  • Why Scott switched from multi-family to self-storage
  • How to find and analyze self-storage investments
  • Types of buildings that are convertable to self-storage facilities
  • Rules of thumb and metrics for analyzing self-storage deals 

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

WEBSITE FORM HERE

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Scott Krone Featured on the Morning Fire Podcast

On this episode of Morning Fire Podcast, Jeff talks to Scott about his transition from working for a company to going out on his own. 

Some key takeaways include:

  • Scott's go-to morning routine 
  • Scott's entreprenurial journey and why he made the leap to be his own boss
  • Some key lessons Scott has learned in his 30 years of experience 
  • How to deal with the highs and lows of owning your own business 
  • Scott's short and long-term goals 

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

WEBSITE FORM HERE

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Scott Krone Featured on Two Smart Assets

On this podcast episode, Scott talks with Daniel Nickles and Chris Thompson to discuss the overall viability of self-storage properties. Scott compares self-storage properties to multifamily properties on low cost and predictability, a point that's important for passive investors to note. 

Some key takeaways include:

  • Real estate development to self-storage projects 
  • Mechanics that determine a property's potential
  • The effect of current events on the self-storage industry
  • Other passive investments that are as viable as self-storage properties
  • What makes self-storage viable and sustainable

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

WEBSITE FORM HERE

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Scott Krone Featured On The Real Estate Syndication Show

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

WEBSITE FORM HERE

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Scott Krone Featured on the Self Storage Podcast

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!

WEBSITE FORM HERE

recession proof

Scott Krone Featured on Recession Proof

On this podcast episode, Scott talks to Sam Newell about investing in self-storage facilities, opportunity zones, and the difference between generating income and building wealth. 

Some key takeaways include:

  • How Scott generates income through self-storage facilities 
  • The misconception that real estate is a "get rich quick scheme" 
  • Scott's process of converting assets into self-storage 
  • Why self-storage is essential 
  • Scott's advice on opportunity zones 

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

WEBSITE FORM HERE

Wealth Through Real Estate Investing

Scott Krone Featured on the Wealth Through Real Estate Investing Podcast

On this episode of the Wealth Through Real Estate Investing Podcast, Scott sits down with Dwaine Clark to discuss his transition from residential/multi-family real estate into self-storage. 

Some key takeaways include:

  • What initially drew Scott to the self-storage industry 
  • Why self-storage is more demographiccly focused than other asset classes 
  • Scott's criteria for inestment 
  • Scott's prediction on the future of the self-storage industry 

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

WEBSITE FORM HERE

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