JF3773: Why This Ex-Google Employee Uses Zillow Data to Push Self-Storage Rents & What He's Building Next ft. Faraz Hemani

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 2 January 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amanda Cruise and Ash Patel discuss the current state of the self-storage market with Faraz Hamani, owner of Pebble Capital Group. They explore the evolution of self-storage post-COVID, the challenges of rent pressures, customer retention strategies, acquisition tactics in a changing market, and the impact of cap rates and financing on the industry. The discussion also touches on the comparison between self-storage and mobile home parks, highlighting the unique challenges and opportunities in both asset classes. In this conversation, the speakers delve into the intricacies of self-storage and flex space investments, discussing the impact of data science on rent management, innovative tenant assessment techniques, and the importance of understanding tenant behavior. They share valuable lessons learned from past investment mistakes and explore current market trends in self-storage and flex spaces. The discussion also covers development strategies in high-demand areas, the appeal of flex spaces, and the challenges of retail investment, concluding with insights on investor relations and return strategies. Faraz Hemani | Real Estate Background Owner of Pebble Ridge Capital Group Based in: Houston, TX Say hi to them at: LinkedIn www.IronStorage.com Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:44.9	go to best ever show.com. That's again a reason why people are just going out to the unincorporated
0:49.8	areas, the ETJs and they're building out there so they can put the ugly metal box up and call it a day.
0:54.3	There's nothing wrong with that.
0:55.6	There's a significant portion of the tenant base for that product that does not care if it's a metal box,
1:00.2	but the municipalities care a lot.
1:01.9	And that affects your costs tremendously more than you would think just putting facade on a building.
1:07.7	Welcome to the best ever CRE show, the world longest running daily
1:10.9	commercial real estate podcast. If you want real stories behind the good, the bad, and the
1:15.3	worst ever deals, plus insights into what really goes on in the commercial real estate investing,
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