I recently was traveling looking at some sites for some self storage projects and thought it might be good to write an episode outlining what I think makes a good site. I have made some real mistakes on...
My Takeaways From The Inside Self Storage Convention 2021
It was good to be back in Las Vegas at a self storage convention. I didn't realize how much I missed it until I was there. Here are a few takeaways from being there that may serve you as you grow or get in this fantastic business of self storage....
Episode 300 – A Look Back at 300 Self Storage Episodes
This is a different episode than the rest. Let’s look back and see a few highlights from 300 episodes of self-storage over the last six years. The industry has changed, we have changed, but some things stay the same. Enjoy....
Why I Don’t Use CAP Rates In Self Storage & What I Do Use
I don’t use CAP rates much when thinking about self storage, at least when I am buying it. In my opinion, today, they are misleading, not accurate, and not a good way for me to relate the value of a facility. At least not the way they are being used today in our...
Three Reasons Self Storage Has a Bright Future for the Small Investor
I have discussed in my training and classes why I think there is a bright future for the next decade or so for the small investor in self-storage, but I realize I haven’t created an episode for the general public on this topic. Here is it. There are three main reasons...
Why Self Storage Conventions Have Never Been More Important For Small Investors
OK… I have said before our industry is evolving fast, but now I really mean it. I can remember when I met the first person I ever knew in the self storage business. It was an Acquisition Director for a REIT in the mid-1990’s. He told me self storage was a boring...
Mixed-Use Projects In Self Storage Today
There's no doubt about it. Self-storage is harder to get into, grow, or figure out today than ever. Prices are still high, CAP rates low, lots of new product to compete with, and many other challenges to tackle as a small investor. Here is one way to reduce the risk,...
Budgeting for Self-Storage Capital Expenses
If you are considering getting into the self-storage business or in the self-storage business, one of the attractive features is the low amount of ongoing capital expenses. Unlike multi-family, office, or even retail, there are very few capital expenses required to...
Due Diligence Series # 6 – Putting Your Self Storage Facility Into Service
We are in the sixth and final episode in a series centered around the due diligence process for self storage in today’s world. We have covered a lot. So far, we have discussed: Timelines and what to get from the Seller. Physical inspections and third-party vendors....
Due Diligence Series # 5 – Conversions
We are in the fourth episode in a series centered around the due diligence process for self storage in today’s world. So far, we have discussed: Timelines and what to get from the Seller. Physical inspections and third-party vendors. Financial records and operational...
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