Self-Storage vs Residential Real Estate - Which is a More Profitable Business? with Kris Benson, Chief Investment Officer for Reliant Investments

CEO SECRETS

English - September 16, 2020 14:04 - 34 minutes - 32.2 MB - ★★★★★ - 16 ratings
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Hello everyone. Welcome back to CEO Secrets. I am excited about our guest today. He is an expert when it comes to investing. Let's welcome Kris Benson.

Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past five years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S.

Let us learn today from Kris about investing in real estate on secondary markets and self-storage facilities.

Top Takeaways:

1. Why Kris transitioned from multifamily to self-storage (7:09)

2. Why significant funds are investing in secondary markets (11.32)

3. Why invest in Self-Storage space? (12:00)

4. How do you add value to storage space? (16:45)

5. The biggest hurdle in self-storage investing (23:08)

6. Tax strategy for Self-storages (28:39)

7. What is cost segregation (29:52)

Episode transcript:

https://docs.google.com/document/d/1NLk82p6quO6biX1UuOE9GE4edB4vMf0YQnskI6o5h10/edit?usp=sharing