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Self-Storage vs Residential Real Estate - Which is a More Profitable Business? with Kris Benson, Chief Investment Officer for Reliant Investments
Manage episode 312314829 series 3206326
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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
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