TGCI 88: Self-storage - Recession Resistant Asset Class?

In today’s show, Pancham interviews Kris Benson - chief investment officer for Reliant Investments which is a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019.

Kris Benson saw the value in self-storage investing when he is looking for asset classes to invest in. He became part of the investment committee at Reliant, and in just 5 years, it has completed over $650,000,000 in self-storage acquisitions and dispositions!

In today’s episode, Kris shares everything you need to know about self-storage investing - its history, how it works, the market trends, locational strategy, and more!

You’ll also see why self-storage is the most valuable asset class so don’t miss this episode!

 

Quote:

“It’s been a fun adventure kinda getting to this point. Storage is a really dynamic market right now.”

Timestamped Shownotes:

• 1:23 - Pancham introduces Kris to the show
• 2:33 - How he got into the self-storage industry
• 8:10 - How self-storage works (and how its industry has evolved)
• 11:26 - The type of clients in the self-storage industry
• 13:38 - How location affects his investing decisions
• 16:44 - His analysis on the market trends amidst the pandemic
• 19:37 - The details of his first ground-up development
• 22:56 - How working out helps with his outlook and his success
• 25:46 - Taking the Leap Round
• 25:46 - His first investment outside of Wall Street
• 28:03 - Fears he overcame from his first investment
• 29:01 - How his investment in a healthcare company didn’t work out
• 30:51 - Figuring out the type of investor you want to be
• 34:14 - Kris’s contact information

3 Key Points:

1. Self-storage is a recession-resilient investment that was able to adjust quickly to unfortunate events.
2. Self-storage is about the convenience of clients that hate to get rid of their stuff.
3. Finding the perfect location for self-storage is crucial in the industry.

Get in Touch:

• Reliant Investments Website - https://www.reliantinvestments.com/
• Kris Benson LinkedIn - https://www.linkedin.com/in/kris-benson/
• The Gold Collar Investor Club  - https://thegoldcollarinvestor.com/club/
• Pancham Gupta Email - [e-mail]

Books:

• The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss - https://www.amazon.com/4-Hour-Workweek-Anywhere-Expanded-Updated/dp/B0031KN6T8/ref=tmm_aud_swatch_0?_encoding=UTF8&qid=&sr=
• Tribe of Mentors: Short Life Advice from the Best in the World by Timothy Ferriss - https://www.amazon.com/Tribe-Mentors-Short-Advice-World-ebook/dp/B071KJ7PTB/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=