Self Storage Investing Breaking Ground: The Next Steps in Self-Storage Site Development
Site development is critical!
In this episode, Scott shares the essentials of developing the perfect location for your self-storage business. From understanding zoning regulations and gaining community support to identifying red flags like environmental challenges and wetlands, he emphasizes the importance of due diligence and strategic planning.
Scott highlights the critical role of market studies, feasibility assessments, and proactive consultation to ensure profitability and mitigate risks.
He also discusses how a well-thought-out exit strategy and understanding the lender environment can lead to higher returns and a successful project.
Listen For:
03:45 - Zoning Approval Process and Key Considerations
09:09 - Zoning and Height Restrictions
28:39 - Financing Challenges and Current Lending Environment
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