The self storage industry is going through a significant shift. A few years ago, sellers were in complete control—asking wild prices and still landing buyers willing to overpay for facilities that weren’t worth it. Fast forward to today, the stock market has crashed, a recession looks likely, and those same sellers aren’t as confident. This is good news for you, a self storage buyer, because the deals are coming back with big discounts. 

Today, we’re giving a self storage market update, plus sharing the steps self storage investing beginners should take to separate the “signals” that lead you to wealth from the “noise” that puts you in hot water. We’ve been through this exact scenario multiple times, 2008 and 2020. Both times, the markets had crashed, and people were begging us not to buy. But we ignored the “noise”—and benefited handsomely. 

The current shift affecting the self storage industry could get even more intense. New development could drop off a cliff, and that has enormous effects on self storage owners. Is your demand going to rise or fall? What’s the best way to make more money in a time like this? And why would a recession turn out to be good for storage? 

What you’ll learn in today’s show: 

—

Self Storage Income Newsletter  https://www.selfstorageincome.com/ 

The Bubble has Popped - Self Storage Market Update | SSI Podcast #203 https://youtu.be/4hci2laBTGk?si=X7r3NEmRwxFgNgNj 

Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

Work with someone experienced in self storage loans at Live Oak Bank! We seriously love them. https://www.liveoakbank.com/business-loans/self-storage/ 

 Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast