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Self Storage Income

190. Q&A: MAJOR Slowdown Ahead? | Self Storage in 2023

Self Storage Income

AJ Osborne

Entrepreneurship, Education, Investing, Business, How To

4.9591 Ratings

🗓️ 2 February 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

In this special Q&A episode of Self Storage Income, we answer YOUR questions directly.

We will be addressing

- The State of Self Storage in 2023

- Developments: The Pros & Cons

- Finding Investors for a Boat & RV Facility

with much more to come.

Thanks to all those to have supported us and sent us questions. You can send your own via our YouTube channel, Instagram, or Twitter. 

https://www.youtube.com/@SelfStorageIncome 

https://www.instagram.com/ajosborne/ 

https://twitter.com/AjOsborne1 

Need help funding a deal? We can help you figure out what type of loan or financing structure you need, and where you can get them. Just send us a message here:

https://www.cedarcreekwealth.com/debt

Our partners:

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

Janus International - https://www.janusintl.com/

Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook 

Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek here: https://www.cedarcreekwealth.com/

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back, everybody, to the self-storage income podcast.

0:07.5

We're so excited to dive into today's episode.

0:10.1

This podcast is being brought to you guys by Live Oak Bank, Tenant Inc, and Janus International.

0:16.9

Welcome, everybody, to self-storage income.

0:19.9

And we have a special episode we have not done before,

0:24.9

but we have a lot of questions that everybody has been asking everything from our YouTube

0:30.1

channel and directly to us. So today, we wanted to directly answer your questions.

0:37.9

And we've gone through and we found a lot that are the same or that follow a theme.

0:45.6

And so we're just pulling them right off and we're going to answer them directly to everybody that asked on YouTube and also on Instagram.

0:58.4

And they're great. We have a lot of really, really good questions.

1:04.4

So we have Yen in here with us today that's going to help us out and read questions here for us.

1:10.5

Welcome, man. Yeah, this is like a special treat. Special Q&A episode going on here.

1:33.0

Exactly. That's awesome to have you, dude. It's going to be fun. Glad to be on. Thanks for having me. Let's dive into this because I really want to get, we have a wide range of questions. We are not going to even remotely get close to all of them. So we've kind of ranked these as the ones that we go, okay, these are the ones that the most people are asking or have hit on. And so let's dive into it that way. So what do we got? All right. So this was a question from our self-storage bubble video from late last year,

1:40.4

or actually earlier last year. And it was about interest rates because the Fed's been jacking

1:45.7

up interest rates all across the board, you know, and we're scheduled to have even more rate

1:51.7

rises most likely in the coming weeks. So we've got a question here saying if rates,

1:58.6

meaning interest rates, rise a lot more and force people to leave their houses,

2:03.2

wouldn't that be positive for self-storage, especially if people are downsizing?

2:07.9

Yeah, so this is a great question.

2:10.4

And I think, you know, when it comes to especially the data, the thread in the video, the self-storage bubble, which we're now seeing, of course.

2:24.4

Funny enough, we just went today.

2:27.7

I think today we went under contract on a deal that three months ago, they were asking almost almost nine million for it. I think we're

...

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