Self-storage is a local business. Most customers are not comparing facilities across an entire metropolitan area. They are looking for a convenient property near their home, apartment, business, or moving route. That limited trade area gives an independent operator a real opportunity to become the best-known storage facility in the neighborhood.
Read MoreAround 30% of all self-storage CMBS properties are on a “watch list” for default, and while the industry has fared well overall, there has been a change in attitude away from a standard practice called “extend and pretend”. In this Self-Storage University podcast we’re going to explore what this lender action is and what it means for the self-storage industry going forward.
Listen To Episode 151Most people like the idea of leaving something behind for their children or grandchildren. But there is a big difference between leaving them an asset and leaving them a problem. A self-storage facility, when bought correctly and managed properly, can be one of the better legacy assets because it combines income, simplicity, and long-term demand.
Read MoreSome Self-Storage deals have securitized “conduit” debt on them, which can create complications due to a requirement called “defeasance”. In this Self-Storage University podcast we’re going to review what this is exactly and strategies to minimize or eliminate it.
Listen To Episode 150