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    #10 How to Maximize Your Self-Storage NOI with Paul Moore

    en-usAugust 04, 2020
    What was the main topic of the podcast episode?
    Summarise the key points discussed in the episode?
    Were there any notable quotes or insights from the speakers?
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    Were there any points particularly controversial or thought-provoking discussed in the episode?
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    About this Episode

    If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablerei

    Join us as we speak with Paul Moore, found of Wellings Capital. Paul started his career at Ford Motor Company, went on to co-found a staffing firm that he later sold, and then got involved in real estate. After investing in single families he progressed to multi-family properties, and then evolved to self-storage and mobile home parks.


    In this episode we go into detail about how to maximize your NOI, and force appreciation in self-storage properties by adding additional income beyond your normal rents. We also discuss different tax strategies that every commercial real estate investor should be using, how to find tax strategists instead of just CPAs, how to find cost seg analysts and more.


    Tax Strategies Mentioned in the Episode: 

    • You need to fire your CPA if they’re not a tax strategist
    • 1031 exchange
    • Delaware Statutory Trusts
    • Cost Segregation and Engineering Cost Segregation Study - accelerate depreciation
    • Section 179 - ensures capex is pushed into 1st year rather than over 15 years
    • Reset Basis at Death - Heirs can reset the basis on the asset that you 1031’ed over the years
    • Qualified Real Estate Professional (QREP)


    Best Way to Contact Paul:

    https://www.wellingscapital.com/



    Helpful Links:

    Store Local - self-storage co-op that shares marketing expenses and ideas

    How to Lose Money podcast

    Getting There Book


    Best way to contact your host, Mason Klement:

    mason@masonklement.com

    https://www.masonklement.com/

    Be sure not to miss any future episodes by subscribing to the Scalable Real Estate Investing Podcast using the links below.

    YouTube channel: https://www.youtube.com/channel/UCgDaSaSQP0KLoVCgydDd9Hw

    Buzzsprout: https://www.buzzsprout.com/1131344 






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    COFFEE!!! If you feel this episode provided a ton of value, show your support by buying us a cup of coffee: https://www.buymeacoffee.com/scalablerei

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    Schedule a call with Mason by using this link here: https://calendly.com/mason-klement/30min

    Follow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei/


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    COFFEE!!!
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    Follow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei/

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    COFFEE!!! If you feel this episode provided a ton of value, show your support by buying us a cup of coffee: https://www.buymeacoffee.com/scalablerei

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    Schedule a call with Mason by using this link here: https://calendly.com/mason-klement/30min

    Follow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei/

    NOTE: This description might contain affiliate links, which may pay our podcast a commission at absolutely zero cost to you.  Any commissions go toward the cost of producing each episode so we really appreciate your support.  In addition, depending on the vendor, you actually might even save money by using these links that you wouldn’t have access to if you went directly to the vendor’s website. 

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    If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablerei

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    Best Way to Contact Ajay:
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    ajay@learn.land

    Helpful Links:
    learn.land

    BEST CRM THAT WE USE: Looking for the best all-in-one CRM to scale your real estate investing business? Use the link below to sign up today: https://www.gohighlevel.com/main-page?fp_ref=scalable-rei

    BEST PHONE SYSTEM THAT WE USE: Looking for an optimal online phone system that can forward to your cell phone, directly integrate to your CRM, and be leveraged for your remote virtual assistant team? If so, use this link to save $20 today when you open a new account: https://openph.one/referral/NpnZPxX

    COFFEE!!! If you feel this episode provided a ton of value, show your support by buying us a cup of coffee: https://www.buymeacoffee.com/scalablerei

    LET’S DO SOME DEALS!!! Contact Mason to JV/partner on deals or passively invest by either emailing him at mason@scalablerei.com

    Schedule a call with Mason by using this link here: https://calendly.com/mason-klement/30min

    Follow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei/


    NOTE: This description might contain affiliate links, which may pay our podcast a commission at absolutely zero cost to you.  Any commissions go toward the cost of producing each episode so we really appreciate your support.  In addition, depending on the vendor, you actually might even save money by using these links that you wouldn’t have access to if you went directly to the vendor’s website.