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

First of all Scott Myers, you did not offer me a refund until 2+ years after I initially asked for the refund. I guess he finally agreed to give me a refund b/c I continue to tell the REAL UGLY TRUTH about him and his business practices.  He emailed me out of the blue (2+ yrs later), stating he was finally willing to offer me a refund if I would sign a "confidentiality and settlement agreement." Also, Scott Meyers has never apologized to me, another lie.  Please read the previous posts from Scott Meyers who instead of apologizing to me, as he states, attempted to attack my character and spread lies about me.  None of which were true.  THANKS SCOTT MEYERS FOR NOTHING!

Scott Meyer how dare you try to even "attempt" to defame Ed Magedson who in the first place is Not responsible for telling people what to post and is a fighter for the rights of the consumer and has always been so.  You are already defamed because of your over and above customer scamming ways.

Plus if you want to look at Ed's track record then you need to look at the Thank you's on this site that Ed has rightfully deserved because of all the people that Ed has helped.  Plus Ed is simply upholding the principles that his site stands for which is to protect the right to free speech as well as not removing reports.  At least he has principles though we cannot say the same for you.

Link: http://www.ripoffreport.com/ConsumersSayThankYou.aspx

No wonder we cannot believe a word that you say because of the over and above scamming ways that you clearly show in trying to taint and slander the image of Ed Magedson.  What A Complete Idiot and Fool.

This quote should be written over your company that I found that someone on this very site applied to another company, but I thought it was fitting to apply to yours:

"Our business is infested with idiots who try to impress by using pretentious jargon"-David Ogilvy

The real chip has been on your shoulder all along because all are finally seeing the cracks in your so-called "image of perfection" that you want all others to see.

You are as was stated before A:

Liar

Fraudster

Trickster

Deceiver

Con Artist

Scammer

and a Corrupt Individual

This post is NOT Fictitious and the only work of Fiction is Scott Meyer and his company and Let no one else think otherwise!

We at Self Storage Profits have done everything in our power to appease Ms. Simpson.  We have repeatedly apologized for any miscommunication, inconvenience, and offered her a refund. 

The Chip on Ms. Simpson's shoulder is simply too large.

As always, we welcome any discussions with individuals or companies choosing to do business with us outside of this site.

The Customer Service Team at Self Storage Profits, Inc. 

You notice that Scott Myers states that, "Most" of the posts about him here on the Rip Off Report are untrue."  Meaning that some of the post are true.  I decided to post my name b/c I have nothing to hide nor any reason to lie about Scott Meyers and his unsavory business practices.  I can tell you from my own personal experience that ALL of the previous posts are true regardless of whether someone decided to remain anonymous or not.   BEFORE YOU DECIDE TO DO BUSINESS WITH LIAR AND SCAM ARTIST SCOTT MEYERS PLEASE READ ALL OF MY PREVIOUS AND DETAILED POSTS.  MY NAME IS ROSE SIMPSON. 

We at Self Storage Profits, Inc. Pride ourselves on our stellar reputation in our industry and the respect we command in all business dealings.  We find it regretful that the Ripoff Report allows the anonymous posts like the one above, without verifying the source.  The fact that people are  allowed to post anonymously, without citing any business dealings with our company is unfortunate.

The Previous Posts are Blatantly False and Many are Fictitious.   And the Fact That Ripoff Report actually encourages these practices is even more disturbing. 

Not a surprise though since the business model for this site is to charge reputable companies such as ours to "clean up" their online reputation on the Ripoff Report.   Just look at all the mediation and reputation management services they offer.  It's no coincidence, and we certainly aren't the first company to complain. 

Perform a Google Search on the Ripoff Report and its owner Ed Magedson to view the numerous  lawsuits filed against him for conspiracy, racketeering, defamation....... it's lengthy!  It's no coincidence these posts seem to "appear" anonymously against the many good companies listed on this site.

As always, should anyone wish to discuss any of these posts with regard to your research on our company, you may reach us on any of our websites outside of the Ripoff Report.   

Scott Meyer everyone should not even do business with you and they should leave you high and dry.  Scott Meyer you are a:

Liar
Fraudster
Trickster
Deceiver
Con Artist
Scammer
and a Corrupt Individual

Stop your BS.  We know when a scammer like you has been found out for their ways.  You deserve to have the words "Scammer" marked all over your site because of your deceiving ways.

We therefore decide to Rescind on believing in You-Scammer

Our Refund offer to Rose Simpson stated above is true and correct.  Ms. Simpson Declined our offer to refund, and countered with the following:
------------------------------------------------------------------------------------
COMPENSATION WORKSHEET
 
PRINCIPLE RIP OFF ITEM:             Storage Facility System          $800.00
 
AGGREVATION AND STRESS:         3+ MONTHS                       $139,897.23
 
HOURS MAKING PHONE CALLS
AND EMAILS:                                3+ MONTHS                    $8,120.00                                             
 
 BUSINESS LOST IN DOLLARS:  Storage Facility Deal Lost       $45,832.41                                          
 
COLLECTION COSTS:                     Hours filing complaints            $1,231.00          
 
                                                                            TOTAL:   $195,880.64

Best Regards,
 
Rose Simpson
------------------------------------------------------------------------------------

We have declined Ms. Simpson's "counter offer" of $195,880.64 and have rescinded our original refund offer Dated May 21, 2012. 

Scott Meyers must be tired of me telling the truth about him and his storage facility business because on May 21, 2012 he sent me the following email, over 2 years after my initial complaint:

Rose,

After reviewing your previous request, I am prepared to provide you a partial refund of your home study System. I would like you to consider the  following 2 proposals: 
1.  Package the entire Home Study system and return it to us for a $575 Refund.

2.  Keep the System, continue to use it, and we will provide a $300 refund.  

Regardless of the option you choose, you will be required to sign a  confidentiality and settlement agreement prior to any refunds being issued.  I will await your reply.  

Scott Meyers 15570 Stoney Creek WayNoblesville, IN 46060www.selfstorageinvesting.com

This Post is Blatantly Untrue and our law firm has taken swift action to discover the identity of this individual and to have this post removed. 

I always find it funny that when someone goes through this much trouble to create negative posts about someone else that they always choose to remain anonymous.  

Should anyone wish to discuss anything in this thread, please reach me outside of this forum on any of our websites or on facebook.  

Scott Meyers filed bankruptcy in February 2011.  It is public record.  He filed in the United States Bankruptcy Court Southern District of Indiana.  His case number is 11-01496-FJO-11.  As a result, he lost the handful of storage facilities that he had owned.
 
Rose you are better off not having gotten involved with him.  Be glad you did not fall prey to him and his methods!!! 
 
On his website he claims that self storage investing is risk free and you can do it with no money down.  Scott claims that he purchased all of his facilities with no money down. He further states that self storage facilities are cash cows.  Contrary to his claims, he DID put money down on his first facility in June 2006 that he and his wife bought with another couple.  Each couple brought $90,000 to the table hardly no money down.  When he was forced to file bankruptcy, the only facility that was cash flowing was the one on which $180,000 down payment had been made.  The other facilities were not cash flowing.  He lost them all.
 
Yet he still continues to make claims that he is the guru, to run his academies and to tell people what a great opportunity it is with low risk and no money down and seller financing.     He is selling the very methods that led him to bankruptcy and financial ruin.
 
In addition, he has a misleading testimonial on his website.  He has the following posted-
 
Dear Scott,
 
I took a 3.6 acre parcel that I owned and ran my concrete business from, and using your value add strategies, my partner and I built 3 storage buildings on it and leased them all up within 1 year. We built 3 more, 2 which almost ran the length of the property, and we added some boat and rv parking. We were about 78% full in our second year, and had consistent positive cash flow of anywhere between $10,000 to $11,000 per month. We were approached by a partnership that bought us out, and we netted roughly $400,000 above what we owed on the property and buildings. Since then, I have grown my concrete business substantially, and started 2 other businesses with the proceeds. Thanks for all your help
 
George Robinson, Fortville, Indiana.
 
The facility referenced in the testimonial is the first facility that Scott and the other couple bought.  George did not even know Scott Meyers when he built the facility.  They did not meet until the partnership approached George to buy the facility.  Yet, Scott Meyers gives the impression that he helped George build it!  Makes you wonder about the other testimonies on his site
 
Scott Meyers makes false representations about his self storage holdings, success, income & unlimited potential in the self storage business.  He is clearly preying on an uniformed public, who, if they knew of his past, wouldnt pay a nickel for advice from this guru.  He has left banks, sellers & vendors stranded in his wake of bankruptcy.  
 
Rose, count your blessings!
 
 

I was seriously thinking about purchasing your program. However, I've changed my mind considering how you continue to bad mouth Rose instead of resolving the situation. The honorable thing to do is give ROSE her money back. Scott, you will lose more in the long run by playing hard ball instead of just doing the right thing. You are a MILLIONAIRE according to your press releases, so a refund of $900 is not going to hurt you.

I know about real estate and how to analyze deals.  It should not have taken you 3 months to analyze this deal considering your website does state this is done within 5 days.  Also, if the lady filing this report asked to see the numbers you were working with and how you analyzed the deal then you should have complied.  I wouldn't buy your system. 

Scott needs to look at his website that states that they evaluate storage facilities for sale and determine if it is a good deal within 5 days, not the 3 months his company took to analyze my deal.  The reason I was given, after 3 months, as to why they did not want to buy this facility was because it was not big enough to hire a manager.  They knew from the very beginning how big the facility was. When I complained to Scott for a second time he responded that he would take a look at this facility and get back with me the same day or the next day.  No surprise that a week went by and no call from Scott as promised. I called him over a week later and he gave a different reason for not purchasing the facility. He said the CAP rate was lower than what he normally purchases and he wasn't interested.  He said the numbers were not working for him.  I asked him twice to see his "NUMBERS," and he ignored my request.  He ignored my request because he never even looked at this facility and didn't have any real numbers to support his answer. 

Bottom Line:  Scott Meyer continues to bad mouths me to distract from the real situation here that he over promises and under delivers.  Scott only promised to work personally with me on deals and in a timely manner so I would buy his system.  He never followed through with anything he promised. 

I have proof of my accusations with 50+ emails.  Scott on the other hand has no proof at all. 

Scott, show me the proof you have that I am angry, delusional, crazy, have no money and poor credit??

Yes, I am regretful that I bought Scott Meyer's self storage home study course, and allowed him to steal my money.  What's so sad about this entire situation is that he has nothing more to say than, "regretful." 

Hopefully these true postings I have made about Scott Meyers will warn others not to do business with him ever.  If this true postings help even one person from being taken advantage of by Scott Meyers then my time was well worth it. 

Again, this is regretful. Rose wants 50% of a deal she submitted to us if we closed it with our money and financing because she has NO CASH and NO CREDIT.  We Over delivered by providing our PAID COACHING services with her home study system.  The home study package only includes email deal analysis. 

I'm at a loss here, but in business, there's always that 1% of your clients who cause you 90% of your problems and grief. 

Perhaps if Rose spent more time cleaning up her credit, raising cash, and educating herself on real estate investing - she wouldn't be so bitter and waste time writing all these bad reports on successful educators and organizations such as ours. 

James, legitimate question - we were working with the seller's to get all the information in the way of financials while simultaneously looking at the market.  we couldn't make an evaluation until we had all the #'s. 

Scott Meyers mentioned that he has only been training investors for 3 years now and this is his first complaint.  There are many reasons why he has received no complaints, but I can tell you the main reasons. He has not been in business long enough. He stated that he's only been in business 3 years.  There isn't even any mention of his business on the Better Business Bureau. Also, most people don't take the time to file a complaint or stand up for themselves when they have been taken advantage as I have. Lastly, Scott is so "BUSY" that he has become disconnected from his own company. He allows other to run it for him.  In turn, he is not informed on daily operations and contact with students. 

Regarding Scott's comment that he personally responded and told me they were not interested in the deal I submitted, is a lie.  The entire time I was suppose to be working with Scott, as he promised when I bought his system, I was working with one of his partners, Brad Sporer.  His partner was suppose to tell me within 5 days (according to his website) if this was a good deal or not and it took Brad 3 months to come up with a bogus excuse for not buying the storage facility.  I went back and forth with his partner and the sellers of the storage facility with 50+ emails and phone calls supposedly trying to make this deal work.  After 3 months I was told by Brad that he was doing additional research on the area to determine if they would proceed to buy.  I asked to see Brad's research and details and never supplied me any information.  I was finally told by Brad that this facility was not big enough to hire a full time manager.  Considering he knew the size of the facility from the very beginning I was unhappy with his answer.  That's when I contacted Scott by email.  Scott finally emailed me several days later stating that he would personally look at this deal, for the first time in 3 month of communication with his company. He said he would call me back the very same day or the next day to go over the deal with me.  I was not surprised when I did not receive a phone call from Scott on time as promised.  In fact, he didn't call me back at all until I called him again over a week later expressing my dissatisfaction with his company.  When I finally did speak to Scott he said they were not interested in purchasing this storage facility because the CAP rate was under 9% after running the numbers. I was shocked by this answer because the reason Brad gave contradicted Scott.  The numbers that Brad and I worked with for 3 months were different. This storage facility had a 10% CAP rate not under 9% as Scott had mentioned to me.  I asked Scott twice if he would email me his version of the numbers. Of course, he failed to respond.  He was just buying some more time, and hoping I would go away before realizing that he is scamming people

As you can see, since Scott Meyers has given no physical proof that I am a bad customer, angry or delusional so he has to bad mouth me. He offers no evidence on his part.  I on the other I have evidence with 50+ emails back and forth with his company and the sellers of the storage facility over a 3 month period plus an information sheet that came with Scotts home study course.  The sellers of the storage facility were also very unhappy with the entire process of working with Scott's company.  For 3 months the sellers tried to work with his company and provided any information requested in a timely manner.  Instead of Brad physically calling the sellers on the phone after 3 months to tell them they would not proceed with buying their facility he sent them an email.  After 3 months of working together the sellers only get an email. That was a kick in the teeth to them.   

The reason I wanted to partner with Scott Meyers to buy a storage facility was not because I have bad credit or no money as he has falsely mentioned.  It was because this was my first commercial deal and he offered his services. He offered to coach me on the entire process and possibly buy a facility together.  The process of joint venturing with others on real estate deals is not uncommon.  It happens everyday.  People have various reasons for looking for a joint venture partner.  My only mistakes were buying Scott Meyers self storage home study course and hoping to partner with him on my first commercial deal. 

To Whom It May Concern,

First of all, just because Scott Meyer's company does not have any complaints does not mean that my complaint is not ligitimate.  I asked for a refund after almost 3 months of working with Scott's company not 6 months as Scott had mentioned in his letter. I requested a refund after 3 months because I realized that his company is a scam. I purchased Scott Meyer's system in December 2009 and asked for a refund in March 2010.  This is a prime example that Scott Meyer's had no clue what was going on with my coaching with his partner for 3 months.

I do agree with Scott that he never claimed he would partner with me on every storage facility deal that I passed along to his company.  He did agree to work with me personally if I bought his system, as advertised on his website in December 2009.  I never worked with Scott personally as he claimed.  Instead, he passed along to one of his "partners."  Scott also promised that he would offer his coaching for "FREE" if I purchased his system. So, his claim that he worked with me for "FREE" because I was giving them so much grief is bogus. He had his partner work with me because I paid for his system.  This was not free. 

Also, Scott claims that I sent him a junk deal, and I was upset because they did not want to partner with me on this deal. This is also bogus.  If my deal was "junk" then why did Scott's partner, Brad Sporer, make the sellers of the storage facility and I believe for 3 months that they were interested in buying their facility.  I have 50+ emails and several phone calls to prove this.  If they were not interested in this deal then why would we have corresponded 50+ times regarding this facility. The problem was the reason Brad gave for why they did not want to purchase the facility. The reason they did not want to buy this facility was because not big enough to hire a full-time manager.  This reason was ridiculous.  Brad knew for 3 months how big the facility so this was not new information to him.  He made the sellers of the storage facility and I believer for 3 months that he was actually interested in buying their facility when they never were.  All of this was to make it seem like they were doing something when they actually weren't.

I do believe that Scott over promises and under delivers to sell his system.  He made numerous promises that he has never kept. I have a paper that came with the program which contains information that Scott is denying. This paper explains that Scott would be the one working with me to evaluate deals for "FREE" and not his partner.  Also, it explains that if I do partner with them they would split the profits, not the 10% as I was told by his partner. 

Bottom Line- Scott Meyer's doesn't have a leg to stand on. Instead of offering proof that I am not a good customer he talks bad about me with no evidence. As you can see in Scott's letter he offers no proof to his claims that I'm "angry" and "crazy."  He is just making false, absurd statements.  Please see attachment from Scott's system.   

 

 

I am just curious why it took 3 months and multiple emails to finally tell Miss Simpson that it was a bad deal? Based on your response here it seems like you called Miss Simpson right away to tell her this? Is that true? If there were in fact 50+ emails then obviously there must have been some interest on your part.

 I've been successfully training Self Storage Investors for over 3 years - and it's hurtful to see my name here.  First of all, I have never ever, on my website, from stage, on a webinar, or anywhere anytime stated we would split the profits from any deal that a student would submit to our organization 50/50 - EVER! I mean really!  I have NEVER had anyone ever ask for a refund or show such anger as Rose has because of her misperception of our services.

Rose submitted a deal for us to review.  I personally responded and told we weren't interested in partnering on it as it didn't meet our requirements for size, nor return on investment.  I told her that it was a "good" deal, and that she should buy it on her own.  She stated that she didn't have the money and her credit wasn't good enough to do it on her own.  That made her mad, and she asked for her money back!  I was blown away!

Bottom line - Rose Simpson has no money, and bad credit, and wanted a refund on our product that she bought back in December of 2009.  Her reason was because we wouldn't negotiate a poor deal she sent in to us, find the cash, and the financing, close the transaction, manage the property, and then send her 50% of the profits? 

Warning for all business owners - don't do business with Rose Simpson.  She's delusional, and just a very mean person - you should have seen her emails and heard her voicemails!