I am hosting a virtual online Bootcamp in March on the 21st & 22nd and have been revising some of my content for the event.
This is the second episode of three, where I will be sharing some of the things I am going to be bringing up that I haven’t necessarily focused on in the past.
I will step out a little today and have a political conversation that is not designed to be a political statement but points to something that may affect smaller self-storage players like me and probably you.
Chaos
Regardless of your political affiliation and thoughts about how good or bad the new President is doing, one thing is certain… there will be a lot of uncertainty.
What was it…54 executive orders in the first week?
Some have been struck down and ruled against, and many are being challenged.
Tariffs are pending or in place, which will definitely affect construction costs.
An upcoming labor shortage due to immigration policies will drastically affect the construction industry, among others.
Interest rates are coming down…no…wait …they are flat…no, they will probably come down some….wait…not sure when.
Government workers are fired, rehired, and fired again.
On and on.
Lots of uncertainty.
Again, no matter where you reside on the political spectrum, you would have to be not too present to understand a lot is up in the air right now.
How Does That Effect Smaller Storage Players?
Well…here is one possible scenario.
What do many investors do in times of uncertainty?
Often, they sit on the sidelines.
This can have both a positive and negative effect on us, for example.
As a fundraiser, we will have to burn more calories for every dollar raised in the next couple of years.
As a buyer, however, it can open a space for nimble, fast-moving investors to step in and take advantage of this fact.
It is unprecedented (how do you like that play on words) that instead of just reforming or moving more to one side or the other of the political spectrum in a new administration, someone comes in and just kicks the table over.
You may think that is necessary, or it is a political overreach of the executive branch; it doesn’t matter.
I am very clear that until the pieces on the floor get reassembled in some semblance of order, many investors will just hang out to see what happens.
Perhaps you can take advantage of that.
Perhaps you will have to adjust your fundraising conversations and/or strategy for raising capital.
Conclusion
This is just a brief outline of a more detailed conversation to be had in the upcoming Live Virtual Self-Storage Bootcamp on March 21 & 22, 2025.
If you want more information, click here.
Thanks, and we will have one more conversation next week that will be new to this Bootcamp we have not discussed before.
If you want to kick start your first or next storage adventure, the Bootcamp may be the next step for you.
