Right. Why do you think this is such a good place to invest when it comes to the real estate space? Kris Benson: Chief Investment Officer at Reliant Real Estate Management Presentation . We're primarily focused on value add take deals and value add maybe different than a little bit then apartments or residential housing. Initially I failed miserably at raising capital. And there's still a lot of mom and pops, so people on one or two facilities. Self-storage is a profitable asset class and Kris explains all about it in this interesting episode! Sometimes it's 60 to 80. Kris is a managing principle at Reliant Investments, a subsidiary of Reliant Real Estate Management, a top 30 operator in the self-storage space. Patient-reported outcomes (PROs) are measures of how patients feel or what they are able to do in the context of their health status; PROs are reports, usually on questionnaires, about a patient's health conditions, health behaviors, or ... On a recent issue of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Kris Benson, the chief investment officer for Reliant Investments, about one of the asset classes that's expected to hold up well during the Coronavirus Pandemic, self-storage. On this episode the Tech Guys Who Invest learn all about investing in self-storage facilities with expert Kris Benson. Self-directed IRAs are powerful retirement plans that allow account owners to use alternative investments, such as real estate and private equity, to build retirement wealth. Just getting down to business with how investors are gaining more passive cash flow with self-storage investing. 37:15. A lot of it is geographic as well, right? Or I said, well, this is how you scale in real estate. It went through a number of iterations to where it is now. Pediatric Palliative Care, the fourth volume in the HPNA Palliative Nursing Manuals series, addresses pediatric hospice, symptom management, pediatric pain, the neonatal intensive care unit, transitioning goals of care between the emergency ... As you kind of get into the bigger numbers, there's more value to large institutional capital, bigger the portfolio. If you're looking to qualify for unlimited rental properties at some of the best rates, and invest like a pro without the mistakes, then Download Our Free Tool Kit, Police Sergeant to Full Time Real Estate Professional with Adrian Pannozzo, Dig For Real Estate Gold With Cindy Wennerstrom. I think how we look at it is we look at the lens of value and her through the lens of how we're going to exit. From ADP to $100 Million in Self-Storage with Kris Benson. How are you doing today, Kris? We may have acreage that's being underutilized and we feel like the market can support another 10 or 15 thousand square feet of storage. I have been a real estate investor since 2001. Kris Benson [00:13:27] So it's it looks sexy, but it's a huge pain in the butt for us. So I think we look at it with a little bit of a lens, a little bit different in each situation. - Learn about why many feel this is a "recession resistant" area of opportunity. Both a riveting account of a life spent pulling off improbable triumphs and a report back from the front of the global-energy and natural-resource wars, The First Billion Is the Hardest tells the story of the remarkable late-life comeback ... Chantelle . But you get the idea is you have change in your life and you most likely need some sort of storage capacity. You can feel proud that your purchase of this book supports the people who need it most, giving them the tools to make healthy and delicious food. An IACP Cookbook Awards Winner. Now, Kris focuses his leadership and management skills on Reliant Investments’ investment committee, which determines what self-storage properties to purchase while growing equity and creating passive income streams for investors. Whatever is going to happen probably already has happened in the past. Kris Benson [00:11:34] I mean, I think the data suggests that in two thousand seventy nine. Doing great. And then, as you probably know, cap rates have compressed in multifamily. If you're looking for someone to purchase a bundle of assets, they want to be able to say, OK, this makes sense for us geographically to come into these three states for this three hour radius. Co-Headliner #2: Kris Benson, Reliant Real Estate Asset Class: Commercial Real Estate (Self-Storage) About the Company: Reliant Real Estate, founded in 2010, is a vertically integrated commercial self-storage operator located in Roswell, GA. Kris Benson, … Retail, Value Add. StoreSmart® Self Storage ("StoreSmart®"), is a national developer of, and asset manager for premier Class A self-storage properties, and . Joining us today is Kris Benson, is the Chief Investment Officer of 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. And he has fielded about 40 calls of people who are saying, hey, I need some sort of break and we have forty four properties and just over thirty thousand units. But so I started looking at other asset classes and the data that we started with those three reasons were really how I made the transition to self-storage. Thank you very much for for sharing some insights about the self-storage business. Are you interested in real estate investing? And that could be one of the leads could come by the facility or institutional money. - Robert Kennedy On this episode, Jake and Gino talk with Kris Benson. So I would say that we're opportunistic and we look, if we can maximize the value of the property by an individual sale, we'll do that. And first, I was a passive investor actually with Reliant. Kris is part of the investment committee and develops institutional quality self-storage investment opportunities for accredited investors. I first came to know Kris through my investment in a Reliant self-storage deal. 22:55 - Typically there's three categories of returns for a stabilized deal. Listen Now: Relevant Episodes: (There are 166 Content Packed Interviews in Total) Owning & Operating 4,500 Apartment Units with Mark Kenney Benefits of Scaling to $350 Million in Self Storage with Kris Benson From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt Resources Mentioned in this Episode: He launched his commercial real estate journey, appreciating the value of investing in tangible assets. Listen in as Dan Handford and Kris Bennett interview successful self-storage real estate investors as we dive deep into the details on how they got their deal to the finish/closing line and beyond. Kris Benson is a full time real estate investor, operating self-storage all across the country. All that stuff, Kris Benson [00:14:10] we'd be auctioning everybody's goods off and, Dave Debeau [00:14:12] yeah, you'd be encouraging people to default. Thus, in this Expert Insight Interview, Kris Benson discusses investing in a part of a real estate investment market, called self-storage space. 16:51 - What is unique in self storage is that the lease is 30 days, Kris said. A stunning guide to growing, harvesting, and arranging gorgeous dahlia blooms from celebrated farmer-florist and New York Times bestselling author Erin Benzakein, founder of Floret Flower Farm. Title: Investing into Self Storage w/ Kris Benson. Investing in Self-Storage: An Expert Introduction. Our senior leadership team at Reliant has over 100 years of combined experience in the Self-Storage industry. Kris Benson [00:00:46] Well, I think it's interesting. From acquisitions to operations, we are focused on driving results. So it sounds like you're you're a person focused a lot on history. I'm a data guy, Dave. So everything's performed well, but historically the performance has been great. Artificial Intelligence: A Modern Approach offers the most comprehensive, up-to-date introduction to the theory and practice of artificial intelligence. And then if you check with me personally on LinkedIn, we're pretty active. But still, storages perform really well in economic downturns. In this episode of the Real Estate Investing for Cash Flow podcast, Kevin talks to real estate and self-storage expert, Kris Benson. Reliant Real Estate offers accredited investors institutional quality self-storage investments. Reliant is one of the top 25 commercial Self Storage operators in the US. Kris Benson: I would call Reliant an opportunistic operator. Stop Trading Your Time For Money with Kris Benson. Today's episode is all about self storage facility, self storage investing. Based in Roswell, GA. This is a print on demand edition of a hard to find publication. And when I turned about 30, I realized that I probably couldn't do that another 30 years. Self Storage Investing With Kris Benson. Kris is part of the investment committee and develops institutional quality self storage investment opportunities for accredited investors. And what those tenant rules are the auctions for us. Wealth Management for the Soul: a four part plan for financially oriented people in spiritual crisis and spiritually oriented people in financial crisis. STORAGE INVESTOR NATION SUMMIT . Explores the homogenization of American culture and the impact of the fast food industry on modern-day health, economy, politics, popular culture, entertainment, and food production. 1. Chief Investment Officer. So, Kris, what kind of facilities do you and your company focus on and what geographical areas? There is a consolidation opportunity for Reliant to acquire facilities owned. Self-storage industry displays resilience amid pandemic. We purchased our first facility in 2007 and we are currently a top 25 self-storage operator in the United States. I have 2.4 acres I want to build self storage on and want advice . No, actually, the tenant is supposed to get all the money for the auction money. Inspirational stories with actionable advice from interview guests on the world's longest running daily real estate podcast. Dave Debeau [00:07:42] All right. Thanks for having me. Theoretically, I didn't know that. The life and crimes of medieval serial killer Gilles de Rais, a French aristocrat and contemporary of Joan of Arc, are set against the backdrop of a parallel story of a modern-day criminal mastermind stalking the streets of Los Angeles. Kris is a managing principle at Reliant Investments, a subsidiary of Reliant Real Estate Management, a top 30 operator in the self-storage space. According to the NAREIT* the Self-Storage asset class has achieved an average annual return of 16.85% over the past 25 years. If so, Kris Benson aims to provide you with the education on real estate investing, as well as the opportunity to invest. Self Storage. And I know at least some us there's a TV show called Storage Wars. This book brings together the latest research in this new and exciting area of visualization, looking at classifying and modelling cognitive biases, together with user studies which reveal their undesirable impact on human judgement, and ... I started out using my own money for down-payments for my properties, but very quickly I ran out of cash. There was a queen dealing. That is because there are a lot more of that property class out there, plus the pool of commercial investors is also smaller. Kris Benson [00:05:26] So we're vertically integrated storage operators, so we're buying and managing the properties that we own. Can you guess the craziest thing his team has found in a storage unit? During the last recession, even when downsizing. 26. Listen to How to buy your first rental property [Beginner Strategies] MP3 Song by Jake and Gino from the album Jake and Gino Multifamily Investing Experts - season - 7 free online on Gaana. So that's a little bit of a back story about if you know how self-storage began in the first place, because I actually I mean, I've looked into self storage a fair bit, but I don't remember how it actually got started, you know, Kris Benson [00:03:04] so I don't know the actual origin story and I'm going off memory. On this episode the Tech Guys Who Invest learn all about investing in self-storage facilities with expert Kris Benson. So it gives a tremendous consolidation opportunity that exists to buy up a portfolio and potentially roll that up. And so sometimes value add is expansion. The Future of Self Storage Investing is Here Your Investment. As chief investment officer at Reliant, Kris is a member of the company's investment committee that is responsible for overseeing the company's new acquisitions. As I think we're all kind of holding our breath to say, hey, as the economy opens back up, are people able to generate income? Please submit an online news form or send your news to: Dorothy Mulhoffer Solow, 50 Grant St., Wellsboro, PA 16901; tel., (570) 948-9107 or (412) 215-1435; email, winspeck@yahoo.com; or Class of 1949, c/o Alexandra Bond '12, abb83@cornell.edu. Kris Benson [00:08:53] Well, as a real estate investor, I kind of got into real estate. I went out and talked to a whole bunch of different self-storage operators. He specializes in feasibility studies, market studies, training, due . Heritage Property Development and Management is a privately owned company with its roots in real estate and development tracing back to the early 1940's when Bill Wainwright sold his first home in California and acquired a passion for helping meet the needs of people seeking to live the American dream. The third book in Theodore Gray's bestselling Elements Trilogy, Reactions continues the journey through the world of chemistry that began with his two previous bestselling books The Elements and Molecules. 1808 W Foothill Blvd. http://biggerpockets.com/show342From buying duplexes to a self-storage empire! Today's guest Kris Benson sits down with Brandon and David to talk about his r. Even if we sold a unit for a million bucks, they pay us the late fees and pass to rent and that's it. In the last twenty five years, they've done just under 17 percent. They don't have any ancillary income items. And if you look at the historical performance of self-storage, comparatively to the four major food groups, multifamily office, retail, industrial, self-storage has performed them all, outperformed all of them. So typically, you guys have how many properties in your portfolio? Work Life Balance - Being a Corporate Executive and a Multifamily Syndicator. Episode 010: Stop Trading Your Time for Money with Kris Benson. Found inside – Page 667... KALAMAZOO CITY ATTORNEY 234 W Cedar St 49007 337-8185 Robert Cinabre B KALAMAZOO MINI STORAGE 3605 S Burdick St 49001 344-5529 Chris Benson 8 A A KALAMAZOO CITY CLERK 241 W South St 49007 337-8792 Nancy Collins KALAMAZ00 MISSIONARY ... So I started in residential on some duplexes, very quickly realized I hated that it is going to be scalable for us. I began raising a few hundred thousand dollars for my single-family home deals and eventually raised millions for apartment buildings. And so what's interesting with self-storage and I can give you the link to this dataset, but the National Association of Realtors tracks all of the publicly traded routes across all sectors. Because you touched on a big point, the demand for self-storage is based on the fact that we as North Americans buy a lot of shit. I hope not, but it can be a little bit of anything. We believe our best partnerships are ones where we all win together. Kris Benson [00:13:06] It's state by state dependent. But that's come to kind of second generation storage where we're building facilities on the corner of main and main and the top 50 MS's of the country. Kris Benson [00:00:46] Well, I think it's interesting. Right now we have forty four properties in our portfolio spread across eight states. show notes at REIMastermind.net We chat about: Investing in Real Estate Self-Storage Historical Performance and Future Outlook Why Invest In Self-Storage Tax Advantages of Real Estate This episode is brought to you by Express Mask Delivery (available in Apple App Store or Google Play App Store . Now, as Chief Investment Officer at Reliant Investments, Kris Benson works with institutional investors in the self-storage industry - confident in the risks he has taken, the career changes he's navigated and the tree he has established his investment platform on. No, it is not apartments or single family housing rentals, and never will be. So if someone Googles this later and said about Kris is full of crap to ignore what I'm about to say, but I believe the origin story is there was a guy in Texas who opened the first facility in maybe the 50s and 60s and did it for military people. 55:10. Self-storage is a fast-growing sector of commercial real estate that has been called 'recession-resistant'. So I try to make most of my decisions rooted in data. Brian and Kris take a look at the factors that make self-storage attractive to help you understand . Ep. So I try to make most of my decisions rooted in data. We're all behind some guy's house in a gravel pad. Kris Benson [00:00:26] I'm doing great, Dave. Previously, Kris was an Area Sales Manager at Intuitiv. They own twenty five hundred stores or something across the world. So the rules. Welcome back everybody, joining us today is Kris Benson, is the CIO of reliance investments, a subsidiary of reliance real estate management, and one of the top 25 commercial Self Storage operators in the US. And so we invested in multifamily for quite a few years. Kris oversees investor relations and equity contributions for Reliant's portfolio expansions. And you can check that out at Investor Attraction Demo Dotcom Ticker. Right. The easiest way to think about the fund, Adam, is, your listeners may or may not know, we're a self-storage operator, so we're buying and managing self-storage properties. We've done ostensibly everything there is to do in self-storage. KRIS REID PROMO CLUP. 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 industry operators in the U.S. in 2019. Time and time again, we have met and exceeded industry benchmarks, making our exceptional track record the standard for the industry. This book looks at the ways in which sensors converge with environments to map ecological processes, to track the migration of animals, to check pollutants, to facilitate citizen participation, and to program infrastructure. Dave Debeau [00:00:09] Hey, everyone, this is Dave Debeau with another episode of the Property Profits Real Estate podcast. Dave Debeau [00:10:50] Well, that's a good question. So it was for me about building freedom and being able to control my time. And so from my perspective, I believe that storage is somewhat insulated because it's a small percentage of your monthly income and your collateralized by your stuff. Right. Dave Debeau [00:15:09] to iTunes, subscribe read us and leave us to review it. Kris Benson. Based in Roswell, GA, Reliant Real Estate has been committed to being a trustworthy and successful investment partner since 2009. If people want to reach out, they want to find out more about you and your client. S&P, five hundred, for example, was down twenty one percent. On a recent issue of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Kris Benson, the chief investment officer for Reliant Investments, about one of the asset classes that's expected to hold up well during the Coronavirus Pandemic, self-storage. 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