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Scott Meyers takes us on a no-nonsense deep dive into the critical role of financial oversight in self-storage businesses.

Whether you're a one-facility operator or managing a growing portfolio, Scott makes it clear: if you don't have a CFO, you are the CFO.

Using Warren Buffett’s wisdom as a launching point, he breaks down the essential monthly, quarterly, and annual financial cadences every owner must adopt.

From budgeting realistically (no pie in the sky numbers!) to analyzing rolling 13-month cash flows, and from understanding why trends matter more than isolated data points to the perils of missing tax deadlines—Scott outlines how strategic financial management can make or break your business.

LISTEN FOR

5:52 Why Two Sets of Books (Cash vs Accrual) Matter

7:25 Monthly Cadence: How to Review Your Financial Health

9:05 Rolling 13-Month Cash Flow: Your Financial Crystal Ball

10:43 Don’t Trust REIT Benchmarks: Your KPIs Should Be Yours

16:04 Mastermind P&L Showdown: What Real Operators Are Doing

19:17 Three Essential Questions for Every Financial Meeting

Watch For

7:45 How a Missed K-1 Can Cost You Investor Trust

11:00 Rolling 13-Month Cash Flow: See the Trends, Avoid the Traps

14:50 What the Balance Sheet Really Tells You

19:20 Financial Forecasting: 90 Days Forward

22:00 The 3 Key Questions for Every C-Suite Meeting

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This is a FEED DROP of an episode of the Commercial Real Estate Investing From A-Z Podcast that Scott was a guest on.

How is self-storage doing today? What are the benefits of joining a mastermind? Scott Meyers, founder and CEO of Self Storage Investing , shares his knowledge with us.

Read this entire interview here: https://tinyurl.com/rt4pvac2

You have been doing self-storage for 20 years, how is self-storage doing today?

We're bullish on storage. It doesn't matter what the economy's doing, because our asset classes are largely unaffected by what's happening when things are good, people buy more stuff and there's a need for storage so we do well. When there's a contraction in the economy and people are losing their jobs or businesses, it is going a little slower. They have to put their inventory in storage, or they sublease their office or whatever their business looks like and we benefit from that, as well. We are heading into a time that we've been preparing for years, which is kind of the intersection of all that. Interest rates are a little higher and the cost of capital is higher but we are seeing a contraction in the market, which is causing people to downsize businesses.

I heard this morning that in Austin, Texas 20% of the workforce is unemployed right now. Some of these companies are laying their people off. But there is a pullback right now, and the jobless rate is a little higher than even what the government statistics would show because we're seeing it and feeling it in the marketplace.

Do you think self-storage is being overbuilt in places?

You can't say that the industry is overbuilt. If everybody's rates all across the country, were going down and everybody was at 50% occupancy, maybe, but I don't think that we would ever get to that standpoint. There are lots of safeguards in our industry and we do know what it takes to do our homework and understand as developers, what makes this successful self-storage development project. With today's very difficult capital markets: appraisers, lenders, and private equity partners, they are not just throwing money at us, assuming it's going to win, they are forcing and they want to see our feasibility studies and the demand studies that we're doing in the marketplace to understand what a deal looks like before they're going to grant us a loan or loan us our limited partners that are going to come alongside of us or the hedge funds and invest with us. We shouldn't be coming forward if we didn't have that, and we really wouldn't get it anyway.

What are some things that you have seen happen at your mastermind?

A lot of the things that we've seen are things that we've built in an environment in which all the good things that we see in a mastermind can occur and some of that is true. As we take a step back, we recognize that following the Napoleon Hills model, which is when like-minded people come together and operate at a certain level, good things happen. They share best business practices, they can do business together and so from the beginning, that's the way we designed it. And we see other masterminds out there where they'll just accept anybody into the group, as long as they can write a check. We have an interview process, and it's an exclusive group that we've put into place in the mastermind.

Scott Meyers

www.selfstorageinvesting.com

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Is self-storage still a smart investment—or did you miss the boat?

Scott Meyers answers the question on every investor’s mind: Is now the time to jump into self-storage?

Backed by 20+ years of experience and fresh 2025 market data, Scott breaks down the economic forces driving record demand in self-storage—even amidst uncertainty.

He dives into supply chain shifts, demographic trends, urbanization, minimalism, and how high interest rates are actually creating a once-in-a-decade land grab opportunity.

From adaptive reuse projects to market selection and investment timing, Scott reveals why self-storage is outperforming other sectors and how savvy investors can ride the coming wave.

Listen For:

01:57 – Why self-storage thrives in both boom and bust cycles

06:41 – U.S. households using storage hits record high in 2024

15:21 – $3B in 2024 sales: Who's buying self-storage and why

18:49 – Timing the next refinance or exit for max value

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Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.