The Complete Self Storage Investing System

The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities™ Home Study System

Here's a business concept that's creating a mini-revolution all across the country and giving thousands of people the ability to create their own wealth system right from their living room. The Self Storage business may seem familiar to you, but it's actually re-inventing itself in so many important and exciting ways, and is widely regarded as the most profitable and easily managed real estate investment in the country.

The good news is that Self Storage is a $220 billion+ (market cap value) and $22.6 billion (annual revenues) industry in the United States that comprises 51,223 primary facilities with more than 2.2 billion rentable square feet! And of those 51,223 facilities, roughly 23,000 have been added in the past 7 years, proving that this is a product that is in high demand! In addition, a recent study by the National Self Storage Association showed that only 1 in 10 US Households are now renting 1 or more Self Storage Units, creating a high growth industry with only 10% penetration!

The Benefits of Investing in Self Storage

 

Fortunately for you, I’ve combined all of my knowledge, and all of my systems into my Home Study System called:

”The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities™”

This Step-By-Step system means you won't make the same mistakes I did, and will show you how I went from being a tired, overworked and underpaid landlord, to creating $10,700 in monthly spendable cash in 12 short months, without the hassles of tenants and toilets.

Here's the Complete Table of Contents of the course, Straight from the Manual.....

 

1. 299 Page Manual to be used in conjunction with the DVDs & Audio CDs included that will show you step-by-step, from A to Z, how Self Storage will make you wealthy; the safer, faster way. You'll discover how to find the deals, how to evaluate facilities, keys to successful negotiations, writing offers that get accepted, where to find the money to fund your deals, and how to extract maximum dollars.

2. 6 Full length DVDs including 4 Live Case Studies from my all day live training event - that you can pop into your home DVD player and get a "classroom at home" teaching experience from the comfort of your favorite chair that will bring my strategies and experience straight to your living room.

3. 6 Audio CDs From my all day live training event that you can plug into your car or home CD player and get a teaching experience that will cement these concepts and amplify the techniques and coaching only I can provide.

4. The Self Storage Valuator Software™ CD and accompanying step-by-step manual - This fool-proof software will save countless hours of critical calculations, with a level of accuracy that eliminates easily overlooked but extremely costly errors. The Self Storage Valuator™ Software tool gives you concise information and the professional format necessary for getting deals approved through lenders, investors, and appraisers alike.

5. The Document Library CD with 18 various Checklists, agreements, contracts, spreadsheets, mailers, Purchase Contract and accompanying forms for Buying Self Storage Facilities.

6. Scott's Fast Start CD - A step by step 90 day checklist outlining exactly what you need to do to close your First Self Storage deal!

Bonus #1

90-Day One-On-One Mentor Certificate

You want to create wealth with self storage, but need a little guidance so that your deals go smoothly and you don't make bad decisions. I will be your personal Mentor for a full 90 days. Not someone else in my office, or my secretary............

You Get Me-Scott-The Self Storage Guru- Live, In Person!

I'll personally answer your questions, and provide the solution to any challenge you face, for a full 90 days, and you keep all the profits!

Bonus # 2

My Complete Operations Manual and Forms Handbook

For a limited time, you'll get a CD that includes every possible manual, form, and document you will ever need to operate your self storage facility, over 70 documents in all! You'll get a Customizable Operations manual and all the forms required for the day to day operation of a self storage facility for reference, or to train your employees. It's all there; from auction forms, to truck rental and retail sales forms, leases, and everything in between. You'll also get my completely customizable, fill-in the blank Human Resource policy manual for employees, that I paid several hundred dollars to have developed. There's nothing left for you to create, or pay someone else to; I've already done it for you. Simply Print, and go!

A $277.00 value!

Bonus #3

How You Can Get My Entire System FREE!

Here's a bold challenge for you. Use my system to do your first deal within 90 days and send me a copy with your success story and photo...

And I'll Send You A Check For The Entire Purchase Price Of My System!

That's right. A 100% rebate if you'll let me use your story in our advertising and can show me you've acquired a self storage facility in your first 90 days.

Along with your system will come the rebate certificate and there are no strings attached. It's my way of curing your procrastination to get you moving towards success. I'll do my part, now you do yours.

An $1,297.00 value!

Plus..

Scott's Unconditional, 30-Day Money Back Guarantee!

If you're not completely satisfied with The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities© home study system for any reason, simply return it in resalable condition and I will immediately refund your invested money in its entirety - no questions asked!

 

**Please Note That The Original Receipt With Your Name Listed As Purchaser Is Required To Receive Any Refunds and the course must be returned in Resalable Condition.

Scott Meyers, CSSM©

There is absolutely no risk on your part...

Order The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities© today! Also, please drop me a line when you close your first deal or pass a milestone (like passing your current income). I read and respond personally to every letter I get, because I'm committed to seeing you succeed.

To your QUICK Success,

CHAPTER 1: Industry Overview

• Definition of Self Storage
• The History of Self Storage
• Self Storage Tenants
• The Current State of the Market

CHAPTER 2: Investment Opportunities In Self Storage

• 20 Reasons for Self Storage Now!
• Debunking the Myths

CHAPTER 3: The Future of Self Storage

• Reasons for Increased Demand
• Advancements in Technology
• More Products & Services
• Focus on Customer Service
• Industry Consolidation
• Increased Competition
• Increased Values

CHAPTER 4: To Buy or to Build

• The advantages of Buying
• The advantages of Building

CHAPTER 5: Where to Find the Deals

• The 7 Best Ways to find Self Storage Deals:
  1. Engaging Brokers
  2. Tapping Self Storage Websites
  3. Mail Campaigns
  4. Cold Calling Campaigns
  5. Canvassing
  6. Local Newspapers & Publications
  7. The Living Billboard

CHAPTER 6: Evaluating the Opportunities

• Determining Value
• The Prospecting Fact Sheet: The 27 Questions you must ask every seller Before moving Forward!
• Mapping the Property
• The 5 minute Valuation Calculator
• Definition of and how to Calculate the Capitalization Rate

Chapter 7: Mastering Market Analysis

• Location, Location, Location
• Measuring Employment Growth
• Traffic Counts and the importance of
• Determining Population Growth
• Calculating Median Income
• Sizing up the Competition
• Analyzing Local Demographics
• Determining Market Demand
• Gathering Market Data
• Utilizing The Various Industry Reports

Chapter 8: Making the Offer

• Negotiating With Sellers & Brokers
• Pros & Cons of using Brokers
• Justifying your Price
• The 8 Motivations of Sellers
• Presenting the Offer
• The Letter of Intent (LOI)
• The Purchase Agreement: 9 Tips You Need To Know Before Signing!

Chapter 9: Due Diligence

• The Due Diligence Checklist: A must have list of items needed Before Closing!
• Verifying the Income
• Uncovering Hidden Expenses
• Major vs. Minor Misrepresentations

Chapter 10: Valuation

• Appraised Value
• Comparable Sales
• Replacement Cost
• The Income Approach
• Reconciliation of Value
• Intrinsic Value
• The Self Storage Valuator® Software Tool - The fool proof way to determine Cash Flow and Estimate Value!

Chapter 11: Financing Your Facility

• Leverage: The Double Edged Sword
• Seller Financing
• Private Lenders
• Mortgage Brokers vs. Mortgage Bankers
• Hard Money Lenders
• Commercial Banks
• Community Banks
• Credit Companies
• Insurance Companies
• Conduit Financing
• Savings & Loans
• Government Loans
• 9 Different Loan Types for Self Storage
• Choosing the Right Lender and Loan
• Building Banking Relationships
• 16 ways to Find Cash for the Down Payment
• Avoiding Over-leverage

Chapter 12: Creating your Business Plan

• Reasons for a Plan
• The 7 Essential Elements of a Business Plan
• The Business Plan Format
• Packaging your Plan

Chapter 13: Tax Planning

• Capital Gains
• Ways to treat Rental Income
• Minimizing Capital Gains
• Self Storage Deductions
• Self Storage Depreciation
• Bookkeeping
• 1031 Tax Deferred Exchanges
• Personal Property

Chapter 14: Entity Selection

• Sole Proprietorship
• Various Partnerships
• Various Corporations
• Real Estate Investment Trusts (REITs)
• Limited Liability Companies (LLCs)
• Various Trusts
• How to Choose the Entity that matches your facility & Situation

Chapter 15: Asset Protection

• Plan Now! Don't Procrastinate!
• Honesty is the Best Policy
• Intentional vs. Unintentional Fraud
• Educating your Employees
• Insurance - Your 1st line of Defense
• Document, Document, Document
• Land Trusts
• Separate your Assets
• Utilize Great Advisors

Chapter 16: Take Action Scott's Five Principles of Success:

1. Overcoming Fear
2. Setting Goals
3. Prioritizing Your Activities
4. Perseverence
5. Developing your Purpose

Case Study: Brownsburg Crossing Self Storage - A Real Live Example of A Recent Deal

Glossary - Over 600 Commercial Real Estate and Self Storage Terms

Appendix - Hard Copies of all the forms included in The Document Library CD

The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities™ includes:

Tell me if any of these benefits apply to you:

1. The ability to Set Your Own Hours. Turn small amounts of time into sizeable profits. Start part-time, earn while you learn, and ultimately replace and exceed your regular job’s income before you walk away from it. Or, if you like, work part time or make the equivalent of a full-time income from spare-time hours and call yourself retired.
2. You Operate Using a Proven System, but with no Franchise Fees or Royalties. I lack creativity, and did not want to reinvent the wheel. I wanted a proven step by step system – like a franchise, but without the hefty up front fees and back end royalties.
3. Low to No Overhead – I wanted the ability to run my business from my home, or my favorite coffee shop, and enjoy the tax benefits of operating a home-based business.
4. Flexibility – I wanted the ability to go it alone, or bring on partners as the business grew. In addition, I wanted a business that could be duplicated in any area of the country, so I could make money while vacationing in different cities (and make the trip tax-deductible)
5. Make Instant Profits – The ability to generate cash flow from day one; not in several years after pouring my life savings into it, or borrowing money from my relatives and friends.

I found my dream business in Self Storage. After performing a great deal of research on the industry, I decided to sell all my single family homes, apartments, and office buildings, dump all my tenants and toilets, and focus solely on Self Storage for the following "Top 10" reasons:

10. Low Barrier to Entry - There are Approximately 52,500 existing facilities in the U.S. creating a tremendous buying opportunity

9. Real estate - because of the power of leverage, tax advantages, and wealth creation through forced appreciation

8. Demand Projections are on the rise: 23,000 facilities, or roughly half of all facilities in the U.S. have been built in the past 7 years, and 77 Million Baby Boomers are set to retire, move, downsize, buy 2nd homes, and will need storage.

7. Multiple Profit Centers - Merchandise sales of locks, boxes, & Moving supplies, Cell Towers, Billboard leases, Carwashes, Business Centers, Pack & Ship services, Insurance sales, Plus Truck Rentals, EBAY©, & much more!

6. Minimal Collection Losses - The ability to Lock out non-paying tenants, and then auction their stuff to recapture lost rent. (Can you imagine doing this in the apartment world?)

5. Low-risk - multiple units in 1 place; No single move-out dramatically affects cash flow. As a result, Self Storage loans have the lowest default rate of any real estate product type in the market, period!

4. High Cash Flow - Taxes, Insurance, and utilities are lower than any other property class, therefore, they aren't susceptible to large increases. In addition, the $ per sq. ft. is the same as other types of real estate, without the additional expenses.

3. No Employees - Manage on your own, or from afar with an automated, ATM style kiosk

2. No Tenants - Just Stuff like Patio furniture, boxes, books, and couches, Not People and their bad habits and behaviors.

1. No Toilets - Just steel walls doors, & roofs, with a gravel or asphalt driveway and a fence. When a tenant moves out, I don't have to fix anything, nor Re-Paint, or Re-Carpet and NO TOILETS!