Self Storage Investing

Self Storage Investing Review

Reviews: 1

1 RATING
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Total views: 4083

Published: 02 October 2019

Posted by: Anonymously

Scott Meyer’s Self Storage Home Study Course Scott Meyers, Alcatraz Storage, LLC., Self storage investing, Real Estate Home Study Course Scam/Fraud noblesville Indiana I purchased Scott Meyer’s self storage home study course in December 2009. From the very beginning Scott over promised and under delivered. Problem 1: In December 2009, Scott promised anyone who purchased his system that he would personally work them and help us evaluate self storage deals.When I emailed Scott a deal I did not hear back from him personally. Instead, I received a response from his business partner, Brad Sporer. Brad stated that he was one of Scott’s acquisition managers and he would be working with me.I wasn’t happy about this, but I tried working with Brad. It was apparent from working with Brad that he doesn’t know what he is doing. When I questioned Scott about working with him instead he stated that he was too busy and no longer offering his services. Problem 2: Scott offered to possible partner with students on deals and split the profits 50-50. When I found a deal I presented it to Brad who said the split on the deals was only 10% and they took 90%. This was a contradiction of what was on Scott’s website at the time to entice people to buy his home study course. Problem 3 It took Brad 3 months to evaluate a deal that should have taken a few days. Brad stated the he was doing additional research on this property but never presented me with any of this research. Instead, he sent me an email stating after 3 months his company was not interested in buying this storage facility because it was not big enough to hire a full time manager. I then contacted Scott by email. Scott responded and asked me to call him on his personal cell phone. When we spoke he said he would look at this deal and get back with me by the next day. He never contacted me as promised. I had to call him a week later to get an answer from him.He said he had a chance to look at this storage facility and the numbers did not work out. This was a totally opposite answer from what Brad gave for not purchasing the storage facility. I asked Scott twice to see the numbers he came up with for this facility and he totally ignored my request. Problem 4: Brad and Scott are partners yet they contradicted each other numerous times. I have 50+ emails I’ve saved to prove this. Scott Meyer’s is scamming people. He doesn’t deliver what he promises. He entices people by stating that he personally would evaluate deals and he never did. He promised that if we did partner on a deal that we would split the profits 50-50 not 10% for me and 90% for them. .

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