Storage Recess: Recent Episodes
Reid Hamilton
Trusts, preparedness, and how the Triple Net Lease Program fits into all of it
Greg Crawford joins Reid Hamilton for Episode 02 of the Storage Recess podcast mini series, which is centered around helping storage owners gain freedom.
Greg develops strategy, growth, and oversees operations for Alliance Trust. For over two decades, Greg has worked with global institutions designing and implementing estate and asset protection plans for both multi-generational American and international families.
Greg is a regular speaker on the benefits and advantages of Nevada trust situs at American law schools and international industry conferences. Publications such as The Wall Street Journal, The New York Times, and The Financial Times of London regularly quote Greg. Additionally, Greg has appeared as an on-air expert on CNBC, Bloomberg, and ABC World News Tonight. A native of Menlo Park, California, Greg holds a B.A. from the University of California, Davis, and an M.H.A. from the University of Minnesota.
JOIN GREG CRAWFORD AND REID HAMILTON AS THEY DISCUSS:
- 01:00 Intro - Who are Alliance Trust and what do they do?
- 01:52 Proactive estate planning.
- What are the first steps someone can take towards securing assets?
- The importance of creating an estate plan for your loved ones.
- Having those hard conversations before it is too late to have them.
- 03:58 Preparing for the worst case scenario.
- Prevent confusion around who gets what heirlooms.
- Make sure your money gets to the causes you believe in.
- Save loved ones time and energy.
- 06:40 The Triple Net Lease from a trustee perspective.
- Reliability and steadiness makes these programs attractive for trusts.
- Helps to avoid volatility.
- What are the downsides?
- 09:11 Holding your trust across state lines.
- Find the States that have the most favorable laws governing trusts.
- What States are the best for holding trusts?
- You need to have a trustee within the State you wish to set up your trust within.
- 11:00 How to navigate barriers.
- There are no issues that are too difficult to deal with. You just need to get to grips with the process.
- Every family has their own problems to navigate but you will find the solutions are out there.
- 12:40 The ins and outs of setting up your trust, including cost and time.
REID HAMILTON’S CONTACT INFO:
TELEPHONE: (775) 690-8269
EMAIL: reid@storagerecess.com
OTHER LINKS:
STORAGE RECESS WEBSITE
TRIPLE NET LEASE PROGRAM
REID HAMILTON | LINKEDIN
THE ALLIANCE TRUST WEBSITE
GREG CRAWFORD | LINKEDIN
What the Triple Net Lease Program is and how a landlord can benefit from the program
Zachary Dickens joins Reid Hamilton for Episode 01 of this Storage Recess podcast mini series centered around helping storage owners gain freedom.
Zach is EVP at Extra Space Storage, where he is well known for his friendly professionalism and attention to detail. Prior to coming to Extra Space Storage, Zach headed up teams at eBay and Starwood Hotels. He has an MBA from Arizona State University and a Master of International Management from Thunderbird, School of Global Management.
He has been with Extra Space Storage since 2002 and has closed on more than $6 billion in self-storage transactions. Zach’s background in deal flow allows for finding unique solutions to sellers’ needs that may be aided with the use of an earn-out, an operating partnership unit transaction, or an all-cash purchase option.
In short, Zach strives to make sure every client receives the best possible experience.
Episode 01 of the Storage Recess podcast focuses on the benefits of a Triple Net Lease while retaining ownership of your storage property.
JOIN ZACH DICKENS AND REID HAMILTON AS THEY DISCUSS:
- 01:25 Zach talks about how he got his start in the storage industry.
- 04:00 The Triple Net Lease Program - what it is and how a landlord can benefit from the program.
- 07:50 Bringing the program to smaller businesses and making things easier.
- 09:33 Understanding your lease and how the expense structure works.
- 11:00 Setting Your Financial Goals.
- 13:05 Extra Space Storage - reducing your risk
- Has a diverse portfolio allowing them to thrive even during COVID-19.
- Greater security for landlords.
- The reduced risk of partnering with a big company such as Extra Space.
- The rocking chair test.
- 16:00 A New Lease On Life.
- Renting and getting a regular payment while remaining the owner of your property.
- Life moves by fast, thinking about the long run.
- Customizing the contract to meet the needs of both the landlord and the tenant.
- 18:45 Selling during your lease - the right to first refusal and how it effects a lease.
- 20:00 Timing is everything.
REID HAMILTON’S CONTACT INFO:
TELEPHONE: (775) 690-8269
EMAIL: reid@storagerecess.com
OTHER LINKS:
STORAGE RECESS WEBSITE
TRIPLE NET LEASE PROGRAM
REID HAMILTON | LINKEDIN
EXTRA SPACE WEBSITE
ZACH DICKENS | LINKEDIN
Learn a quick background on the benefits of Triple Net Lease and how you still retain ownership of your storage asset!
Learn more at www.StorageRecess.com