Commercial lending is a mess. Interest rates are up, deals aren’t getting done, and banks are becoming very selective with who they lend money to. And whether you’re a beginner or a veteran investor, you’re feeling the sting of struggling to find the money to make your next deal happen.    But what if we told you it wasn’t impossible to find funding even in 2024’s tough real estate market? What if you knew exactly what a bank wanted BEFORE you brought them your deal? How easy would funding be then?   In today’s show, we brought on Vice President of Capital Markets at Cedar Creek Capital, Ben Benditson, to share what investors NEED to know about today’s interest rates, predictions for 2024, and how to get a loan on your next self storage deal, even when everyone else is telling you it’s impossible.   What you’ll learn in today’s show:  - How rising interest rates destroyed demand and occupancy for many self storage operators   - “Semi-black swan” events that changed the real estate market forever  - What lenders want to see from you NOW to lend on your next deal  - DSCR explained, and the one metric banks NEED to see   - Alternative commercial lending products that’ll help you get a deal done WITHOUT the banks    Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ Ready to buy storage? Have your deals personally evaluated by AJ and our team!  https://www.selfstorageincome.com/feasibility  Take advantage of today’s market conditions and invest with us:  https://cedar.cc/invest

Missed Part 1? Check it out here: https://youtu.be/0Q_aD48I2qM  The Business of Self Storage includes all the important Core Departments that makes the wheels go round. We're talking about legal, accounting, acquisitions, technology, and more. We talked about the day to day operations that happens at a facility in our previous episode. But there's two sides to it: the Business of Storage not only allows you be competitive, but it is required for you to acquire and maintain that property. You don't need to know how to do all of it. But you do need to know what to look for and to hire for. Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Ready to buy storage? Have our team do the leg work for you! Our feasibility studies: https://www.selfstorageincome.com/feasibility 

Investing in self storage is not a "passive" investment. It's about how the business is run. We talk a lot about the investment side of things, but what about the business itself?  In this 2 part episode, we focus on how the business side of self storage is executed, with our very own co-host Conner Skeen, who is the COO of our asset management side. He brings over key concepts and ways we approach managing the self storage business. He calls it, the 4 Pillars of the Self Storage Business. - Management - Customer Acquisition Process & Revenue Management - Maintenance - Core Departments We couldn't fit all the good knowledge and stories in one episode, so we're talking about the 4th pillar, our backend Core Departments, in the next episode. Follow the podcast so you don't miss that episode! Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Ready to buy storage? Have our team do the leg work for you! Our feasibility studies: https://www.selfstorageincome.com/feasibility 

Real estate took a hit in 2023. Many companies were laying off their deal acquisitions teams. Because it's true - real estate transactions are down massively. But deals still happen. 70% of our deals this year has been off-market deals. This looked very different just a few years ago. In this episode, we brought on Brian Mullally, our VP of Acquisitions from Cedar Creek Capital. We talk about key aspects, such as - Effect of 2023 - Why Buying Criteria is important - Challenges and notes going forward in 2024 At the end of the day, we are a value add company. That's our strategy. It's what we've used to great long-term wealth and build our ecosystem of products. With this endgame in mind, we diligently pursue deals no matter the market conditions. And you should too. Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Ready to buy storage? Have our team do the leg work for you! Our feasibility studies: https://www.selfstorageincome.com/feasibility 

Since we have numbers and charts, this episode is better experienced over on our YouTube channel: https://youtu.be/-FYu86WdZSY  2023 SUCKED. It was a hard year for storage. We talked about how the market has changed in the last episode, but today, we want to see how those changes have affected our assets. Yes, we're sharing with you OUR NUMBERS and talking about insights. I can't control the market. You can't either. But what can we control to measure the true value of your assets? And just as importantly, how long will it take you to make changes?  Measuring performance according to a previously established plan can work well if you know how that performance is being affected. If performance is down because of something I did, then I obviously did something wrong. If it's down, but the market is what brought it down, then I need to be proactively adjusting the original plan.  That's what we did this year. We saw the numbers come in, and now we have to change our business plan just as the market has changed.  Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Want to take advantage of today's market conditions with us? Learn more: https://cedar.cc/ The Self Storage Market is now more different than ever. This is the first time we're seeing the impact of high interest rates in this industry. All the policy changes in the last year have culminated in us approaching storage in a way we have never before. What's going on with the self storage market? In this episode, Conner and AJ break down what they're seeing in their private equity side as well as the operations side. If you're an investor, owner, or wanting to get into it - this is a time of consolidation that will impact every corner of our industry.   Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

When Jonas started investing in Self Storage, he sent out turkeys to storage owners in his area - TURKEYS - during the Thanksgiving season. He didn't use mailers or run ads, but was able to secure 3 deals, despite this unconventional "tactic." Our guest today, Jonas Duckett, now owns over 30 facilities that he acquired with his wife. His valuable insight into the dealmaking process is why we wanted him on our podcast - to share them with you!  Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

If you want to get into the Self Storage investing game, you may be trying to decide if buying a pre-built facility is better than building one on a blank plot of land (or expanding an existing one).   Our guest Matt Wallace has extensive experience with just this. He transitioned from multifamily residential real estate to Self Storage, and had to go through many challenges and hoops to build a facility. Dealing with the city and the falllout of existing management was just the beginning.   Find out more about Matt: https://wealthfit.com/expert/matt-wallace/ Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Finding a self storage deal can be daunting. You know there's opportunity, but it can be hard to find unless you know exactly where to look.  In this episode, we talk to Shoiab Kabani, who first joined our Inner Circle community 6 months ago. He asked, "If I'm going to buy a facility, what do I focus on?" From there, he went into a learning deep dive, and applied his knowledge on his own. Now he's closing 3 separate deals in the SAME month. Incredible! Let's dive in and talk about what to look for when looking for a deal, like market conditions, your buy box, and the processes to use!  Learn more about Sho: https://www.linkedin.com/in/shoaib-kabani-a1b1b87  Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services

Buying your first storage facility is no easy feat. Today we talk with Ben to learn how he bought his first one. Ben Gottfredson started in his small town of St George, Utah, where he bought his first facility after being denied by banks repeatedly. He started with a small service business, but quickly realized the potential of self storage and thought it was worth being persistent for. We're talking what are some of the mistakes he wishes he didn't make, and what you should know if you are looking to get into self storage! Follow Ben: https://www.instagram.com/ben_gottfredson/ Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest Our Sponsor - Tenant Inc. - https://www.tenantinc.com/ Our architecture services can be found here: https://cedar.cc/services