• Your Self-Storage Investment is a Business… Not a Hobby

  • Sep 9 2024
  • Length: 23 mins
  • Podcast

Your Self-Storage Investment is a Business… Not a Hobby

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    Are you treating your self-storage investment like a business or just a hobby?

    In this episode, Scott looks at the crucial mistakes new investors make, particularly the costly error of not treating their self-storage ventures as serious businesses.

    He outlines the fundamental steps necessary to ensure long-term success, including the importance of having a solid business plan, maximizing profits, leveraging technology, and implementing standard operating procedures.

    Scott also shares insights on how to avoid common pitfalls and thrive in the ever-evolving self-storage industry.

    WHAT TO LISTEN FOR
    02:47 – Seven foundational points for self-storage success
    12:03 – Maximizing profit centers in your facility
    18:17 – Treating your business like a franchise
    20:56 – You own it: The mindset of a successful owner

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