340. 11 Red Flags You Can’t Afford to Ignore When Buying a Self Storage Facility
About this episode
The episode discusses critical red flags to watch for when buying a self storage facility and how to avoid costly mistakes.
The mistake you’re about to make could sink your self storage deal . We’ve been there many times before. We’ve been too aggressive with our numbers , cut corners on due diligence , and lost money . Thankfully, you don’t have to make these same mistakes. Conner and George are shining a light on the biggest red flags and pitfalls that catch self storage investors by surprise and, in some cases, leave them with a problematic asset that bleeds money. From environmental complications to “phantom” occupancy , we address the warning signs that should tell you to walk away or at least go back to the drawing board with your self storage underwriting . The truth is that not all of these issues automatically spell doom for your self storage facility . Some roadblocks that might scare off the average investor could actually be opportunities hidden in plain sight . But preparation is the key. With real-life examples , we’ll show you exactly how to approach every deal, from deep market and competition analysis to due diligence checks and balances, so that the next self storage facility you buy is set up for success. What you’ll learn in today’s show: 11 biggest self storage deal…
More episodes of Self Storage Income
- 345. How to Create More Demand for Your Self Storage Units (Grow Occupancy & Rents)
- 344. 3 Moves That Will Immediately Boost Your Self Storage Revenue (And Value!)
- 343. Where to Buy a Self Storage Facility (Finding Markets 101)
- 342. How to Be Successful in Self Storage (3 Things That Make The Difference)
- 341. How to Unlock “Hidden” Revenue in Any Self Storage Facility (Immediately)
- 339. How to Start Investing in Self Storage Right Now
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