213. Underwriting Market Values in Today's Environment
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 3 October 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
How do you underwriting a facility if the market is turned upside down? In our latest youtube video, we talk about the massive rate drops that have plagued the self storage industry in the past year. BUT, the largest storage companies, the REITs, are making RECORD PROFITS. How is that possible?
Our video on the massive rate drops: https://youtu.be/Xd-eCkvSXPE
But more importantly, how do we move forward? Because banks don't care what your income COULD be, they only look at what it IS. This messes up underwriting. This messes up projections. It confuses banks and investors alike.
Let's talk about it in this episode of Self Storage Income.
Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest
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Transcript
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| 0:00.0 | One of the best ways to optimize management and to increase the value of your self-storage facility is through property management. |
| 0:14.0 | And that means you're going to need really good property management software. |
| 0:17.6 | That's where Tenet Inc comes in. |
| 0:19.3 | These guys have a huge amount of tools at your fingertips |
| 0:22.2 | that you guys can deploy and put into motion to extract the maximum amount of value and deploy |
| 0:28.5 | the maximum amount of value at your storage facility. Again, this is Tenant Inc. Be sure to check them out. |
| 0:34.3 | They're all things, property management. It's truly your one-stop shop. Check them out. Link is in the show notes. Welcome, everybody, to S them out. They're all things property management. It's truly your one-stop shop. |
| 0:37.9 | Check them out. Link is in the show notes. Welcome everybody to self-storage income. |
| 0:44.2 | And, uh, you know, we should kick this off on today's topic, but we could continue our |
| 0:50.6 | discussion that we were having previously before we got on here. |
| 0:58.0 | Because I stumbled on something that was very interesting. |
| 1:04.3 | And I think I always knew that there was this segment, but I didn't realize how prolific this thought and this overall viewpoint was. |
| 1:09.3 | And it's a very, very important thing. And the dinosaurs were real. |
| 1:14.1 | Nothing to do with storage or anything we're talking about. We just feel bad because we got |
| 1:17.6 | Ernie here and people don't believe that he was real. I mean, come on. I mean, how do you not |
| 1:22.8 | think that that's real? Ernie, plug your ears. Everybody believes in you. Yeah. But that was interesting. |
| 1:28.3 | They brought it up. |
| 1:29.3 | We did a survey after finding out online. |
| 1:32.3 | And a huge portion of the people surveyed. |
| 1:34.3 | It was something just over about 54% I think was the end numbers said, we believe that they were real and roughly how we think that it was, right? |
| 1:46.3 | Not saying that anybody knows exactly because nobody does. |
| 1:49.1 | How could you? |
... |
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