Strategies for Legal and Sustainable Storage Operations with Taylor Loht

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Taylor Loht is here to share how successful people approach business in a legal and sustainable manner. He mentions multifamily and storage as two asset classes that need their own forum to discuss deals. He also mentions his podcast, The Passive Wealth Strategy Show, which has helped him build relationships with other operators. He also talks about the digitalization of storage operations- making sure all units are up-to-date with technology and having staff who can help customers with their rentals.

Taylor Loht is the host of Passive Wealth Strategy Show and a commercial real estate investor who focuses on multifamily and self-storage properties. He started investing in real estate after learning its power to generate passive wealth (and after one too many ups and downs on the Wall Street roller coaster).

[00:01 - 07:41] Successful Real Estate Investors Share Their Tips

Welcoming Taylor to the show
Brief background and career

[07:42 - 18:07] Storage Investment Strategies

Storage is a good investment as long as there is not too much of a supply
Self-storage can be upgraded with digital tools to reduce costs and manage revenue more efficiently
Mistakes made with a property manager can lead to legal issues

[1:08 - 24:06] The Passive Wealth Strategy Show

Taylor talks about his podcast and how it helps grow his business
How podcasting has helped Taylor learn more about managing people
Venturing into the world of NFTs and cryptocurrency

[24:07 - 30:36] THE FINAL FOUR

What's the worst job that you ever had?
What's a book you've read that has given you a paradigm shift?
- The E-Myth Revisited by Michael Gerber
What is a skill or talent that you would like to learn?
What does success mean to you?

Quotes:

“I think people when their real name and their real company is tied to what they’re saying, they almost certainly change what they’re willing to say.” - Taylor Loht

“Success is when your living conditions are equal to or greater than your blueprint of success.” - Taylor Loht

Connect with Taylor through Instagram, or visit www.passivewealthstrategy.com

and www.biggerpockets.com/users/taylorloht.

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