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...
by Mark Helm | Sep 15, 2023 | Buy Self Storage
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% hikes. Life can be in flux often. But as a small buyer and...
by Mark Helm | Sep 8, 2023 | Buy Self Storage
As I write this episode in 3ed quarter of 2023, we live in the shadow of many big self-storage facilities. Lots of it. Over the past eight years or so, there have been a lot of: REITs have expanded their foothold in the self-storage space. Since 2015, REITs have...
by Mark Helm | Aug 25, 2023 | Buy Self Storage
Yes, I have a facility where there is no manager. Automation has allowed that. But, for the most part, projects I have been involved in have managers. I like managers. I like the level of customer service a good store manager can provide. So, for the most part, I...
by Mark Helm | Aug 18, 2023 | Buy Self Storage
Yes, I am seeing more distressed self-storage being marketed. It is actually something I didn’t see very often early in my career. I can remember telling people things like, “If you see a distressed self-storage facility, odds are you don’t want it. It is usually...
