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Updated over 4 years ago, 06/16/2020

Peter Lee's profile image
Peter Lee's profile image
Peter Lee
  • Developer
  • from Los Angeles, CA
  • Member since Jan 10, 2010
Connect

User Stats

98
Posts
13
Votes
Peter Lee's profile image
Peter Lee's profile image
Peter Lee
  • Developer
  • from Los Angeles, CA
  • Member since Jan 10, 2010
Connect
Peter Lee
  • Developer
  • Los Angeles, CA
13
Votes |
98
Posts
Commercial Real Estate Investing

Bringing self-storage rents to market rate...How?

Peter Lee
  • Developer
  • Los Angeles, CA
Posted

Just acquired a very underperforming self-storage facility in Los Angeles area.  Rents are way below market.  On average 40-50% below market.  What's the best way to bring things up?  All at once?  In increments?  And is there a good communication strategy to tenants?  Any thoughts welcome.  Thanks in advance.

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