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How I Analyze Self Storage Opportunities Today
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Manage episode 396344061 series 3349329
Here is a video I did on how to analyze expansions in Episode 210.
Expansions are still a major way I, and the people I work with are using to get in the self-storage business.
But a lot has changed since I first recorded this episode.
And yet, a lot remains the same.
Let’s take a look together at my past self, and my current self will share what is different today and what numbers I am currently using.
Now, as a cautionary disclosure, these are just numbers I am using, and one thing I know is your numbers will (or could) be different.
But remember, this is my preliminary Proforma numbers to see if a deal 3will work.
During the due diligence, I validate the assumptions with real numbers from contractors and a feasibility report.
Let’s look at the changes that have occurred since Episode 210.
**Online Courses at The Quickstart Academy** https://TheQuickStartAcademy.com/
**Listen on Apple Podcasts** https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875
** 5 KPIs we measure** https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/
**My blog**
Creating Wealth Through Self Storage
**Facebook** https://www.facebook.com/markhelmselfstorage/
**Twitter** Tweets by MarkHelmSelfSt
**The Storage World Analyzer** http://storageworldanalyzer.com/
**The QuickStart Academy Store** https://quick-start-academy.myshopify.com
137 حلقات
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on December 15, 2024 03:26 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 396344061 series 3349329
Here is a video I did on how to analyze expansions in Episode 210.
Expansions are still a major way I, and the people I work with are using to get in the self-storage business.
But a lot has changed since I first recorded this episode.
And yet, a lot remains the same.
Let’s take a look together at my past self, and my current self will share what is different today and what numbers I am currently using.
Now, as a cautionary disclosure, these are just numbers I am using, and one thing I know is your numbers will (or could) be different.
But remember, this is my preliminary Proforma numbers to see if a deal 3will work.
During the due diligence, I validate the assumptions with real numbers from contractors and a feasibility report.
Let’s look at the changes that have occurred since Episode 210.
**Online Courses at The Quickstart Academy** https://TheQuickStartAcademy.com/
**Listen on Apple Podcasts** https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875
** 5 KPIs we measure** https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/
**My blog**
Creating Wealth Through Self Storage
**Facebook** https://www.facebook.com/markhelmselfstorage/
**Twitter** Tweets by MarkHelmSelfSt
**The Storage World Analyzer** http://storageworldanalyzer.com/
**The QuickStart Academy Store** https://quick-start-academy.myshopify.com
137 حلقات
所有剧集
×1 An Easy Solution That Just Might Make An Expansion Deal Work 8:42
1 Team Members Breaking Bad? Protecting Your Self-Storage Facility’s Cash Flow Strategies 11:06
1 How Much Money Do You Really Need to Get Into Self-Storage Today? 9:22
1 Winning the Self-Storage Marketing Game: Key Strategies for Today’s Customers 17:35
1 Beyond 2024: Evaluating the Strengths and Weaknesses of the Self-Storage Industry Into 2025 20:11
1 One of the Biggest Mistakes I Made Buying Self Storage 11:28
1 Navigating the Storm: Think through Pricing Strategies in Your Self-Storage Business 12:18
1 Gaining the Competitive Edge in Self-Storage: How to Conduct a Competitor Analysis 22:33
1 What Are Good Average and Median Incomes for a Self-Storage Trade Area? 12:47
1 The Future Is Here – Security Robots For Self-Storage – 432 10:00
1 Netflix, Self-Storage, and Revenue Management 13:49
1 Planning a Self-Storage Re-Fi? Here’s Why Understanding Valuations is Crucial 13:52
1 Why I Think the Human Touch Still Matters 11:01
1 Now Is the Time… Time to Get Rid of Sq. Ft. Per Capita Once and for All as the Metric for Self-Storage Supply Demand Calculations 10:06
1 If I Could Only Do One Type of Self-Storage Project, It Would Be…. 8:34
1 How to Plan for Self-Storage Capital Expenditures 15:15
1 Value Engineering Construction Mindset for the Small Self Storage Owner 15:32
1 Why I Am Optimistic Today About Buying Self-Storage 12:03
1 How To Analyze a Self-Storage Project With One Single Random Daily Close 17:30
1 Creative Self-Storage Solutions – Reducing The Cost of Capital In A Storage Deal 17:44
1 Is The Self Storage Party Over? Let’s Look at First Quarter 2024 REIT Stats 11:51
1 Meet Smitty – President and General Contractor for Resolve 22:05
1 Takeaways From the 2024 ISS Convention 10:59
1 Three Reasons Small Investors Fail at Raising Money for Self-Storage Deals 7:47
1 Four Reasons I Am Going To The ISS Expo In April (And Hope To See You There) 9:54
1 Five Reasons Why You Should Consider Taking the Next Quickstart Academy Self-Storage Bootcamp 11:22
1 Strategies for Cost-Effective Self-Storage Construction 18:31
1 Deciphering Cap Rates in Self Storage Investments 17:09
1 Why Banks Are Hard to Work With Today & One Question You Can Ask Your Lender 14:05
1 Mastering the Art of Negotiation in Self-Storage 16:08
1 How I Analyze Self Storage Conversion Opportunities Today 32:04
1 How I Analyze Self Storage Opportunities Today 42:07
1 Self Storage Site Selection Mastery for the Small Investor 17:20
1 Exploring The Best Self Storage Opportunities In Today’s Market 13:44
1 A 4-Step Process for Completing a Year & Creating the Next One Powerfully 16:28
1 2023 In The Rear View – How Are You Seeing It? 10:48
1 The Last 8 Years of Learning Out Loud About Self Storage 25:10
1 How To Create A Successful Self-Storage Business 8:33
1 Navigating the Current Self-Storage Market: The Disconnect Between REIT Street Rates and Effective Rents 10:39
1 Hard-Money as a Refinancing Option? Not Out of the Question Today. 13:56
1 Navigating the Storm: The Rising Tide of Self-Storage Insurance Costs 9:02
1 Is Now The Time To Get In Self Storage? 10:33
1 There Is Always a Solution in Self-Storage, Even in Hard Economic Times 20:51
1 Rediscovering How Much Fun Buying Self Storage Can Be 8:52
1 Navigating the Interest Rate Swirl for Small Self Storage Investors Today 9:10
1 Small Is the New Big in Building Self Storage Today 10:22
1 Self-Storage Managers in the Day of Automation 8:42
1 Navigating The Current Landscape of Distressed Self-Storage Investments 13:48
1 Unleash Your Fundraising Potential Live Virtual Course Aug. 18th & 19th 11:25
1 A Different Approach to Using Google Marketing to Attract Customers 19:58
1 Innovations in Self Storage: Leveraging Automation and Innovations for Growth 16:22
1 My Philosophy on Site Selection and Feasibility Analysis for Self-Storage Facilities 16:25
1 Exit Strategies and Valuation: Preparing for a Successful Sale of Your Self Storage Facility 15:57
1 Headache Averted: 5 Lessons Most Self-Storage Operators Learn the Hard Way (But Not You) 14:05
1 Join Your State Self Storage Association (at least) 7:22
1 The Practice That Has Made the Most Difference in My Life and Success 11:35
1 Fundraising 101 – Pt. 3 – Joint Ventures 14:11
1 Fundraising 101 – Pt. 1 – Overview of Deal Structure Types 23:02
1 Economic Data Interpretation From a Self Storage Person… Not an Economist PT. 2 26:51
1 Economic Data Interpretation From a Self Storage Person… Not an Economist PT. 1 23:19
1 The Self Storage Fundraising Mindset Series – Mindset Is Everything – Mindshift #3 14:23
1 The Self Storage Fundraising Mindset Series – Mindset Is Everything – Mindshift #2 19:02
1 The Self Storage Fundraising Mindset Series – Mindset Is Everything 13:53
1 Three Additional Things to Ask For Before You Engage a Feasibility Report 9:16
1 A Quick Tip on Getting Creative When Doing an Expansion 6:09
1 Three Mistakes to Avoid When Underwriting an Expansion Today 12:20
1 The Top 3 Mistakes People Make When Converting Self Storage 12:05
1 The Number One Rule for Selling a Self Storage Project 10:48
1 Supply and Demand Variables Besides Sq. Ft/ Per Capita – Is It Time to Revise Our Thinking? 9:35
1 This Thanksgiving I was Grateful For The “Slowdown” In The Self Storage Space – 361 11:35
1 Interview with Terry Campbell of Copper Self Storage Management Company 29:14
1 Are You a Self Storage Developer or Operator? 5:39
1 How Much Money Does It Take To Get into Self Storage? 21:38
1 Interview With Self Storage Developer and Owner Terry Morrison 34:05
1 An Interview With Chris, Who Did 13 Transactions in His First Year in Self Storage 32:45
1 Is Self Storage Still a Good Investment for Small Investors Today? 14:47
1 So Much Self Storage Data – Keep It Simple 12:18
1 Our Number One and Two Sources of Referrals 12:23
1 Choosing the Right Add-on Revenues for Your Self Storage Facilities 18:36
1 Will Rising Interest Rates Cool Off the Self Storage Market? 12:32
1 Better Safe than Sorry – Self Storage Security Options 21:33
1 Is Customer Service Dead in the Age of Technology in Self Storage? 13:44
1 How You Can Create an Additional $292,000 of Value on Your Next Self Storage Purchase 13:13
1 The Leadership Series – Creating Company Culture 19:03
1 The Leadership Series – The Art Of Delegation 21:24
1 The Leadership Series – Putting the Right Team in Place 12:02
1 The Leadership Series – Become A Great Story Teller 18:02
1 The Self Storage Property Tax Challenge Today 12:05
1 Housing Demand and Self Storage Demand are Linked 10:09
1 Be Careful When You Read Industry Statistics 14:08
1 Inflation – The Good, Bad, & Ugly for Self Storage Owners 12:07
1 You Can’t Do It Alone – Build Your Team 14:23
1 Relationship Between Apartment Rents and Self Storage Rents? Perhaps. 9:59
1 Practices for Self Storage Entrepreneurs to Develop Series Practice Four: Be Competitive … But Develop an Abundance Mindset 14:33
1 Practices for Self Storage Entrepreneurs to Develop Series. Practice Three: Develop Patience … But Move Quick 11:55
1 Practices for Self Storage Entrepreneurs to Develop Series. Practice Two: Analyze…But Don’t Over-Analyze 8:57
1 Practices for Self Storage Entrepreneurs to Develop Series 10:40
1 Back to Basics Series for Small Investors Getting into Self Storage – Number Four 15:28
1 Back to Basics Series for Small Investors Getting Into Self Storage – Number Three 16:00
1 Back to Basics Series for Small Investor Getting in Self Storage – Number Two 15:02
1 Back to Basics Series for Small Investor Getting in Self Storage – The Opportunity 17:23
1 Raising Investment Money For Self Storage Series – #5 – How 25:50
1 Raising Investment Money For Self Storage Series – #4 – When 14:40
1 Raising Investment Money For Self Storage Series – #3 – Where 14:12
1 Raising Investment Money For Self Storage Series – #2 – What 18:12
1 Raising Investment Money For Self Storage Series – #1 – Who 17:09
1 What Is Your Real Cost Of Capital When Buying Or Building Your Next Self Storage Facility? 13:49
1 What I Look For Today in a Self Storage Trade Area 19:51
1 Is Sq. Ft. Per Capita Still the Best Measurement for Self Storage Supply/Demand Analysis? 8:12
1 It’s Time to Create Next Year’s Budget & What Most Storage Owners Miss 9:15
1 Begin With the End in Mind When Creating How You Will Get In or Grow Your Self Storage Business 8:55
1 How to Use Some of Today’s Challenges to Your Advantage as You Buy Self Storage 9:03
1 Don’t Put Your Self Storage Dreams on Hold 9:25
1 How Parking Could Support You Today in Getting in Self Storage 7:49
1 How in the World Can I Buy Self Storage Today, Given the Prices? 28:24
1 Becoming Masterful at Reading Financial Statements in the Self Storage Business 18:47
1 Episode 304 – What Your Profit & Loss Statement Doesn’t Tell You 17:55
1 Episode 303 – The Four Elements That Make a Good Self Storage Site 21:21
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