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#264 - Nick Huber & Mitchell Baldridge - How Twitter Changed Our Lives, Real Estate Market Updates, and the Glorious Cost Segregations
The Fort - An Entrepreneurship Podcast
The Good and the Bad in the Storage Business?
Every single one of my 62 properties had a net move out, meaning we lost vacancy. Move ins 30% of last year at this time in some of our locations. Our really big deal, the one that Chris, you mentored me through raising the money on this big deal in upstate New York. That deal is doing fine. We actually executed a refinance a month and a half ago in the middle of this chaos. And returned 30% of initial investor capital back. It's nothing like 2020, 2021, even early 2022, as far as the fundamentals of self storage.
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