Business:Investing
The Developer’s Guide to Self-Storage Site Evaluation
2024-05-06
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Essential strategies for development amidst financial uncertainties.
In this episode, Scott explores the intricacies of evaluating potential development sites for lender approval in today's challenging economic landscape.
With interest rates on the rise and a potential recession looming, Scott discusses the strategic importance of seizing opportunities during economic downturns, where less competition can lead to greater profits.
He provides detailed insights on proper site selection, the critical role of feasibility studies, and shares lessons learned from past development challenges, urging investors to be proactive and well-prepared for when the market rebounds.
Listen For:
4:53 Evaluating Potential Development Sites
10:50 Overbuilding: A Developer's Cautionary Tale
13:37 Navigating Financial Challenges and Recovery Options
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