Self Storage Income 276. Major Changes Coming for the Self Storage Industry? | Christmas Q&A!
The self storage industry is about to see a major shift in 2025. If you’ve been sitting on the sidelines or waiting out market turbulence, now’s the time to get in the game. We’re entering a new cycle with plenty of opportunities for new investors, but if you blink, you’ll miss out!
In today’s episode, AJ and Conner are reflecting on 2024 and offering a high-level view of what’s to come in 2025. Along the way, we’ll be answering your questions! Tune in to learn how YOU can take advantage of huge investing opportunities in the coming year. We cover some of the best ways to find and fund self storage deals, where to find your “boots on the ground” when investing remotely, how to leverage your retirement accounts to invest, and much more.
Want to know how to analyze a new market and where to set rent rates? We’ll show you how! But that’s not all. We’ll also share the tools, software, and systems WE use to manage our investments and keep our facilities secure. Worried that your customers will get left behind as you implement new technology? Not to fear—use our strategy to bring them along!
What you’ll learn in today’s show:
- Our forecast for the self storage industry in 2025 and beyond
- Creative ways to find (and fund) your next self storage deal
- How to seamlessly transition your customers over to new technology
- Why “quality” trumps “quantity” when it comes to self storage leads
- The BEST camera systems and software to implement at your facility
- The ideal unit vacancy rate for any facility (and when to raise rates!)
- Leveraging your retirement accounts to invest in self storage
Live Oak Bank: https://www.liveoakbank.com/business-loans/self-storage/
Hummingbird: https://www.tenantinc.com/products/hummingbird
UniFi: https://ui.com/camera-security
Radius: https://www.radiusplus.com/
ESRI: https://www.esri.com/
📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/