Self storage investors, is it getting harder to find deals?
Self storage investors, or anyone interested in self-storage investing, what hurdles are you facing right now? For me, it is finding deals that make financial sense. Most investors, acquisitions pros, and developers are looking for the facility that is mom-and-pop owned, roughly 30,000 square feet, with land to expand and possibly double the size of the facility. In other words, we're all fishing in the same pond which makes it hard to make reasonable offers.
Are you able to make those deals work financially? What about markets - are you able to find those deals in good markets with sustainable population growth? What your biggest struggle when it comes to finding deals?