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by Ben Shirey on Aug 8, 2024 1:45:00 PM
In this episode of the Self Storage Insight Podcast, Andreas Makris from Bledsoe Self Storage Group delves into the seasonal trends and current market dynamics affecting the self-storage industry. Andreas shares valuable insights on how sellers and buyers can navigate the fluctuating market conditions, emphasizing the importance of timing, proper management, and strategic improvements to maximize returns.
As the self-storage market experiences a dip during the summer months, Andreas highlights the need for sellers to prepare their facilities well in advance if they plan to exit within the next 12-18 months. He advises on implementing automated systems, enhancing security, and managing rental rates effectively to attract potential buyers and maximize sale prices. For buyers, Andreas stresses the importance of due diligence, leveraging third-party management, and seeking mentorship to make informed investment decisions in a competitive market.
If you're considering buying or selling a self-storage facility, now is a crucial time to act. Connect with Bledsoe Self Storage Group for expert guidance and support tailored to your needs. Visit their website at Bledsoe Self-Storage Group or contact them directly to explore how they can help you achieve your self-storage investment goals.
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