by Mark Helm | Oct 27, 2023 | Buy Self Storage
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 expenses. The days of predictable, marginal increases are behind...
by Mark Helm | Oct 20, 2023 | Buy 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 and history in the space, as well as my history in commercial real...
by Mark Helm | Oct 6, 2023 | Buy Self Storage
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 time did great. On that 2007 morning, the economy was blowing...
by Mark Helm | Sep 29, 2023 | Buy Self Storage
“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%.” These are just some of the headlines we see today in much of the self-storage news. And all of...
by Mark Helm | Sep 22, 2023 | Buy Self Storage
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 would equate to 7+ CAPS on my numbers (not Seller’s or Seller’s...
