Question #
How is the self-storage industry currently evolving in response to constant changes in the universe?
Answer #
Nothing in the universe ever remains constant.
Everything is always in constant motion.
From the subatomic level all the way to the entire universe itself, everything is in constant motion.
This includes the self-storage industry.
It is evolving and changing fast.
As I move through some of the various deals I am involved with today, the markets and the deals themselves are changing at a very rapid pace.
Let’s look at what is behind these changes and the big advantage this current environment can offer the smaller investor/operator.
I tread here softly.
However, it does not matter if you are excited about the current U.S.
political policies (Make America Great Again) or if you think we are heading headlong into the abyss, one thing is for sure: things change dramatically and unexpectedly these days.
You might wake up one morning and we are removing heads of state or are in an unexpected war.
A few months ago, we were being impacted by tariffs (especially in the storage industry).
When was the last time you thought about the tariffs?
Three, four months ago?
Who would have thought we would be in a war and bombing Iran?
Who would have predicted the rise in transportation costs and the impact that has on the market and the economy?
In the past, with the two parties, whoever is in charge just moves the pieces on the board into different positions.
Today, it is as if the table, the board, and the pieces have been kicked over.
Source: Why the Smaller Investor Can Win in Today’s Self-Storage Market
