On this episode of the How Did They Do It podcast, Scott sits down with Seyla and Aileen Prak from Bonavest Capital to discuss his real estate journey. Despite the recent recession and demographic shifts, self storage has maintained strong performance and high occupancy rates. Scott discusses the reasons for this and why self-storage has been one of the most secure investments in real estate over the past fifty years. 

Some key takeaways include:

• Considerations for self-storage facility development
• How to manage various self-storage properties
• Ways to implement new systems that function well
• The importance of daily, weekly, and monthly reports
• Strategic methods to remotely manage a self-storage facility 
• Process on converting a building into a self-storage facility

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

On this podcast episode of The Chris Miles Money Show, Scott sits down with Chris to discuss passive investment strategies and how opportunity zones work. Scott covers his wide array of real estate experience, as well as why he founded Coda Management Group in 2012.  

Some key takeaways include:

• What inspired Scott to transition from architecture to investment?
• Proven passive income investments
• What are opportunity zones?
• Scott's favourite strategy when it comes to passive investment

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

In this episode, Scott explains how his niche is both environmentally friendly and profitable too. By utilizing existing buildings, these projects decrease much of the waste that is synonymous with construction. There are also financial incentives for being involved in projects that lower the carbon footprints of buildings and increase their energy efficiency. Scott talks about how he ensures that his self-storage units will succeed by going into areas with heavy demand and very little supply. We also learn why self-storage is as close to a failsafe investment as is possible, some of the creative financing he uses to fund these projects, and much more. We love hearing about new niches and hope you will too, so don’t miss out on this great discussion!

Some key takeaways include:

• An introduction to Scott and the work that his two firms are currently involved in.
• Why Scott works in the Midwest: it’s underserved and there are development incentives.
• Criteria Scott looks for in buildings: size, competition, and more.
• A ‘look green’ concept that underpins Scott’s self-storage conversion projects.
• How long a deal on these types of buildings usually takes to close.
• PACE Funding: the federal program that looks to reduce a building’s carbon footprints.

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

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!

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!

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!

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!

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!

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!

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!