Business
Kris Benson is the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, and one of the top 25 commercial self-storage operators in the U.S. in 2019. Reliant has completed over $650,000,000 in self-storage acquisitions and dispositions in the past 5 years and recently completed Reliant Self-Storage Fund I, a $50,000,000 equity fund focused on self-storage acquisitions in the southeastern U.S. Kris is part of the investment committee at Reliant and helps to develop institutional quality self-storage investment opportunities for accredited investors. Kris’s investing goals have always been about changing the paradigm of trading time for money in order to have time for more of the things we love to do. Likewise, investing in real estate has been Kris’s steadfast path to passive income and he is passionate about inspiring others to change their mindset around investing for their future. Kris graduated from the State University of Binghamton and currently lives in Roswell, GA just outside of Atlanta, with his wife Jenn and two sons, Noah and Luke. He is an outdoor enthusiast with a passion for the ski mountain, the lake, and his mountain bike. (00:01-04:59) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Kris Benson - Kris shares something interesting about himself (05:00-29:12) The Journey to Real Estate Investing and Self-Storage Industry - Kris tells why he chose to invest in real estate - The path Kris started in real estate - How and why Kris moved to self-storage investing - Why Self-storage is better than single-family homes - Difference between self-storage from residential homes and commercial offices - How does U-hauling works? - What are the things a person can upsell? - Any truck requirements? - How is self-storage performing amidst Covid19? - Rental rates in the SouthEast market - Kris' best deal - Any worst deal Kris has experienced? - Risk in self-storage (29:13-29:30) Break (29:31-29:39) Second Segment - Welcoming listeners and guest back to the show (29:40-39:40) Fire Round - Will Kris change his business strategy after Coronavirus? - Favorite real estate, finance, or other related books - Tool or website Kris recommends - Kris' advice to beginner investors - How does Kris give back? - How can Wealth Matters Podcast listeners reach out to Kris? (39:41-39:57) Closing Segment Reach out to Kris by visiting his website https://www.krisbenson.com/