Self-storage facilities are popping up across the country. Due to the pandemic, demand has wildly increased and continues to do so. People need somewhere to store their items. From small mom-and-pop shops to multi-location operations, self-storage facilities have evolved. Scott has seen first-hand the influx of this self-storage boom and its subsequent growth during this global crisis. Even now, after the onset of a recession, he continues to see success in the industry. Self-storage is only becoming more popular but what’s the outlook? How sustainable can this be? Especially considering the inflationary environment, how much longer will self-storage be profitable? Big Mike and Scott break down the forecast and emphasize why you shouldn’t miss out on this industry boom.
HIGHLIGHTS OF THE EPISODE
00:45 – The boom and high demand of Self-storage
01:48 – Self-storage through the pandemic and inflation
04:39 – Actual rent rate increase is on a tear
07:03 – NOI and REIT index growth of self-storage
09:53 – Forecasting interest rates during inflation
13:54 – Value add incremental or ground-up projects
18:49 – Details on Scott’s new fund launch
21:30 – http://selfstorageinvesting.com/
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