It has been an interesting year for many of us small investors in the self-storage space. I have definitely been involved in fewer deals. It is much harder to make them pencell out. I also have some that...
How To Create A Successful Self-Storage Business
Many of us get into self-storage because we are looking for freedom. Both financially and in terms of the freedom to manage our time as we see fit. And yet, when we successfully close on our first deal,...
Navigating the Current Self-Storage Market: The Disconnect Between REIT Street Rates and Effective Rents
In today's self-storage industry, one of the biggest challenges we have today as small self-storage entrepreneurs is the rising disconnect between the rates quoted by Real Estate Investment Trusts...
Hard-Money as a Refinancing Option? Not Out of the Question Today.
Why in the world would someone ever consider a hard-money loan for refinancing a self-storage facility? Well, for a few, it may not be as far-fetched as it sounds. https://youtu.be/PiRRpwFMiA0 Many Could...
Navigating the Storm: The Rising Tide of Self-Storage Insurance Costs
In the ever-evolving landscape of self-storage business, owners and operators are bracing themselves for a challenging year ahead as insurance premiums continue to surge, outpacing most other operational...
Is Now the Time to Get in Self Storage?
“Is now the time to get in self storage?” I get asked that multiple times a week. Unfortunately, there is no simple answer to that question. I have an opinion. But my opinion is based on my experiences...
There Is Always a Solution in Self-Storage, Even in Hard Economic Times
It was 2007, and I realized I needed to get back into the self-storage business. I had put a small portfolio together in the early 00s but ended up selling it to a fund. I did OK, but my investors at the...
Self-Storage “Bad Times?”
“Self-storage rents have dropped 20% to 30% since the start of the year.” “Sales transactions are down 57%.” “Interest rates are rising.” “Construction costs are up 40%.”...
Rediscovering How Much Fun Buying Self Storage Can Be
I am starting to have fun again as I work on getting my next self-storage project. Nothing has really changed that much in the market…but I am beginning to notice a shift. I am still writing LOIs that...
Navigating the Interest Rate Swirl for Small Self Storage Investors Today
Interest rates are going up! No… they're flattening out and going down. No, wait…they are going up. There will be no more increases… Hold on… It looks like one more. No, make that at least two more .25%...
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