203. The Bubble has Popped - Self Storage Market Update
The economy is slowing down, and it's impacting Self Storage directly. We're seeing incomes fall, occupancy drop, and normally "busy" seasons are slow instead. This is a result of the Self Storage bubble. It's similar to the housing bubble that popped in 2008, except now it's popped for Self Storage. The rates we can charge are dropping, along with new customers and income. We talked about this in-depth last year: https://youtu.be/Sm0pZsLkxoo So now what? What happens to all the facilities out there that were bought during the previous bull market? Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inner-circle Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Join our Facebook Community to talk and learn with our 300+ members today. - https://www.selfstorageincome.com/ssi-monthly-membership Learn more about our feasibility studies, architecture, and consulting services: https://www.selfstorageincome.com/services Grab AJ's audiobook Growing Wealth in Self Storage for FREE: - https://www.selfstorageincome.com/free-audiobook Thanks for listening!