Self-Storage and COVID with Kris Benson

<p>Find out Kris’ reasons why self-storage facility is one of the best ways to start investing in real estate, know more about the problem self-storage help solve and why that helps it to perform quite well even amidst the pandemic, and learn about the compelling reasons for Kris’ shift from previous investment strategies to self-storage.</p> <p> </p> <p>Resources/Links</p> <ul><li><a href='https://www.reliantinvestments.com/'>ReliantInvestments.com</a></li> </ul> <p>Summary:</p> <p>Kris Benson quit his “corporate job and elected “to find a way to stop trading my time for money and to let my money make money.” He launched his commercial real estate journey, appreciating the value of investing in tangible assets. Kris started investing in small residential units over 10 years ago and expanded to commercial multifamily properties before making the jump to self-storage. </p> <p>Partnering with Todd Allen, managing principal at Reliant Investments, Kris focuses his leadership and management skills on the commercial real estate company’s investment committee, which determines what self-storage properties to purchase while growing equity and creating passive income streams for investors. </p> <p>In this episode, Kris explains why the self-storage sector has performed well, even in this COVID time, compared to other asset classes. </p> <p>Topics Covered: </p> <p>00:54 – What is interesting about self-storage facility to invest in real estate </p> <p>03:19 – How self-storage started </p> <p>04:06 – The four D’s self-storage facility helps solve </p> <p>06:17 – What storage facility do they focus on </p> <p>08:25 – How do they plan to sell facilities that they added value on </p> <p>09:30 – What made him got hooked with self-storage  </p> <p>12:29 – How will self-storage facility be affected if ever the economy turns worse </p> <p>14:02 – If someone defaults in paying rent, how long is the storage be up for auction </p> <p>Key Takeaways: </p> <p>“If you look at the historical per