205. The Market is Down but Opportunities are Rising - Check Out the Data!
How are storage facilities trading at absorbent prices in some places, but are great deals in other markets? There are different forces that affect how a storage facility is valued. Well, that's backed by research and numbers.
Every since industry goes through 3 main phases of development. Youth, adolescent, and mature. Self Storage was primarily in its Youth phase prior to 2008, then everything changed.
When you look for deals, its difficult to use the same "factors" that you've been told to use or that would be the industry standard. Why? You HAVE to put it into context. Not all factors are accurate all the time.
In this episode, Conner and I tackle how we find good deals. What are the factors that WE look at? Especially in today's market (post-bubble. Yes we'll follow up on that too). There's a lot of data that goes into this. Although it's fine to listen, you will get the full experience over on our YouTube channel, where you can visually see the data points: https://youtu.be/AFHlzoWHAXQ
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Thanks for listening!