JF3250: Faraz Hemani — 3-Step Formula for Succeeding in Self-Storage, Why Flex Industrial Is the Best-Kept Secret in Real Estate, and How to Compete in a Crowded Self-Storage Industry
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How to Increase Revenue, Reduce Expenses, and Implement an Automation Strategy
There's three main things we'll do at any facility. We're raising rents, and the market is going to tell us how far we would push. We're adding additional streams of revenue by requiring tenants to maintain a tenant insurance plan. The easiest and most hanging fruit expense that we like to look at is payroll expense.
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