Originally posted by @Storm S.:
@Norman Wright Jr. storage is definitely a speciality real estate sector unlike some of the traditional real estate sectors you now have two components in the deal the real estate side and now also a operations side. Getting a good deal but being a bad operator can make your venture unsuccessful I would suggest partnering up with a successful operator to gain some experience and to reduce your risk. On ground up developments lease ups can take 4-5 years for the property to stabilize
Thanks for the great info @Storm S.
I agree with you... it's not just about a great deal. As with all property Operations is a make or break.
I like your idea of connecting with other operators and getting some mentoring... I will explore that for sure.
Thanks for caring and sharing.
