On Scott's second interview with Cody Loughlin on Money Talkers, Scott talks about our decaying asset of time.

"How do we maximize that time and how do we create revenue when we are not working.

When we do work, let’s just say we are an employee, our maximum income is based on how much time we put into that job.

There is a value that you’re putting on it that is taking away from other things in your life, like family and recreation, but if you can create a job, you can create an industry that is making money when you’re sleeping, your time becomes more valuable." - Scott Krone 

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

On this episode of the Dwellynn Show, Scott discusses his background in real estate and his current short and long-term goals for his self-storage investments.   

Some key takeaways include:

• How Scott got stared in the real estate investing space 
• Scott's journey of starting his own company
• The similarities and differences of investing in self-storage vs multi-family 
• How Scott's background in architechure and construction has helped him become a better real estate developer 

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

On this episode of The Wealth Without Wall Street Podcast, Scott discusses why you should look for problems to solve during a recession, how to keep your investors commited and happy in every deal, and the ways to leverage a variety of deals to create a life truly worth living.   

Some key takeaways include:

• How to identify problems with a high ROI
• The concrete steps to tackling an old problem in a new way
• The key to creating sustainable passive income streams 

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

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!

On this episode of the Real Estate Marathon Podcast, Scott sits down with Larry Fiero and Mike Moe to discuss his real estate investing journey and the self-storage niche. 

Some key takeaways include: 

• How Scott got into self-storage investing 
• The benefits of investing in distressed or underutilized properties 
• Why self-storage in considered a 'recession-resistant' investment 
• How to become an expert in your section of the market 
• The benefits of investing in opportunity zones

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

Listen in this episode to William Morales meet with Scott Krone, 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 co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK 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 $30 million.

In 2018, SSSK Capital Fund was re-branded to Coda Management Group to complement his design build firm Coda Design + Build. Krone founded Coda in 1998. Coda Design + Build is an international award winning design and build firm which specializes in sustainable building practices.

Some key takeaways from the interview include:

• The different types of storage units and where they're located
• How Scott found and funded his first deal
• How Scott's storage facilities are designed and managed
• What the typical cap rates are
• The most cost effective and competitive advantages of Scott's properties
• Where Scott finds his data to find feasibility reports

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

On this podcast episode, Dan and Scott discuss the benefits of redeveloping distressed properties into self-storage and how Scott got started in the industry. 

Some key takeaways include:

• Why self-storage is often considered a recession proof investment
• How Scott takes advantage of Opportunity Zones and PACE Funds
• Scott's market selection techniques for investing in self-storage properties 

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

On this podcast episode, Jack Bosch talks with Scott Krone, a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.

In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed 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 $54 million. 

In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home.

Jack Bosch talks to Scott about his work in the real estate space – specifically around some of the unique and interesting ways he has gone about structuring his investments. Have you ever thought of turning an asset into a national park? It’s possible! And Scott explains how. He also discusses his career history as well as giving us a crash course into the world of self storage. This episode is perfect for you if you are looking to step up your game.

Some key insights on this episode are:

• Learn about Scott Krone’s career history
• Find out about investing in self storage
• Learn about some unique ways to structure your investments
• Find out about opportunity zones

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

Listen to this episode as Taylor Loht discusses how to wipe out capital gains taxes with Scott Krone.

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, Mr. 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, Mr. 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.

In addition, Mr. Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home.

Scott resides in Wilmette, IL, with his wife and three children.

Key Points From This Episode:

• A new way that investors can wipe out their Capital Gains tax burden on multiple investments
• Increase your earnings by investing in quality real estate assets
• How to simultaneously eliminate capital gains taxes
• Scott's strategy today of investing in a variety of assets
• Details about Scott's Opportunity zone Fund
• PACE Funding: the federal program that looks to reduce a building’s carbon footprints.
• What motivated Scott to pursue his niche.
• How the market is not the biggest hurdle in self-storage.
• The two biggest self-storage mistakes: not knowing your competition or your market.
• Creative ways of increasing investor returns: historic tax credit, opportunity zones, and PACE.
• The markets Scott is looking at buying in and how he locates properties.
• Challenges in Scott’s journey with real estate: getting people to believe in him.
• How Scott has used the Enneagram to improve his business recently.
• Why Scott understands investors well: he does the design, development, and the build.
• Please note that this is **not** personal financial, investment, or tax advice. You should always work with appropriate licensed professionals such as your CPA to evaluate whether a particular investment or strategy is right for you.

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

In this episode, Sean Pan sits down with Scott Krone who owns two companies, Coda Design + Build and Coda Management Group. With Coda Design + Build, they act as a developer and design build-up for both retail and their investment portfolio. His other company, Coda Management Group, acquires distressed underperforming buildings in the Midwest to convert them into self-storage facilities. In today’s episode, Scott tells us how you can get started in the self-storage industry.

Scott took up architecture and eventually worked with one of his professors for 6 years building multi-family developments, condominiums, and townhomes. In 1998, he started Coda and built single-family homes then later, he built multi-family homes and helped churches.

He got into self-storage because they can go at it with greater confidence and certainty compared to single-family or multi-family homes. Self-storage costs also a fraction of the amount compared to condominiums.

Some key takeaways from the interview include:

• Scott's criteria for good self-storage developments
• How Scott works with the Small Business Administration and local banks to get financing for projects
• The different classes of self-storage and how to get into these types of project
• How to manage the risk of a self-storage project
• The process from finding leads to project execution
• How COVID-19 has impacted the self-storage industry
• What to watch out for before starting your own facility
• Resources to get into self-storage with Coda Management Group
• Information about capital needed to start and different types of loans

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