Avoid Getting Hoodwinked on Your Next Deal with Magen Smith, CPA. [part 1]

In This Episode:

• What financial reports do you need when underwriting a self-storage deal?
• How do you know if the owner is reporting all the income?
• What do you need to know to find hidden value (or theft)?
• Why you should verify cash deposits
• What those reports will tell you about the performance of the facility, or lack thereof

Guest Info:
This interview is my first with Magen. Want to hear the second? Check out episode 19!
Magen is known as the Self Storage CPA. She has been in the storage industry for over a decade, filling every role from manager, CPA, operator, and owner. She co-founded Safe Space Development in 2016, specializing in conversions and ground-up storage development projects. At Atomic Storage Group, Magen handles the accounting and HR, and she also handles store setup, site audits, and training for managers and self-storage owners.

Contact Info:

• Magen’s LinkedIn: https://www.linkedin.com/in/magensmithcpa/
• Atomic Storage: https://www.atomicstoragegroup.com/

Resources our Guest Recommends:

• Traction by Gino Wickman
• Get a Grip by Gino Wickman and Mike Paton
• The Five Dysfunctions of a Team by Patrick Lencioni
• Rocket Fuel by Gino Wickman and Mark C. Winters
• Deep Work by Cal Newport
• Atomic Storage Podcast: https://www.atomicstoragegroup.com/podcast
• Inside Self Storage Conference and Website: https://www.insideselfstorage.com/
• BiggerPockets: https://www.biggerpockets.com/

About The Storage Investor Show:

• This show is about finding, funding, and closing self-storage deals
• ACTIVE investors will learn how to close self-storage deals and avoid mistakes
• PASSIVE investors will learn how to qualify deals, markets, and self-storage sponsors