Description
Learn how to choose the right market for your storage investment ventures, understand the critical role of population trends, and learn the importance of median household income in predicting investment success. This episode is a treasure trove for anyone ready to make informed decisions in the storage industry. So, hit play to start your journey to the optimal storage market.
KEY TAKEAWAYS
Why avoiding large metropolitan areas is optimal for self-storage investment
The importance of selecting markets with growing populations for storage investments
Why you should invest in markets with a median household income of at least $50,000
Free tools to assess market viability, competition, and development potential
RESOURCES/LINKS MENTIONED
Census Bureau
City-Data.com
Radius Plus
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TWEETABLE
Ideally, you want to be in a storage market where the population is increasing. - Alex Pardo
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