Since inflation was so severe for the last few years, they had essentially decided to raise interest rates aggressively in order to fight this high inflation even if it came at the cost of slowing the economy down.

I am also not understanding the concern about a rental license raised by the follow up post.

So incurring the fewest expenses is the cheapest exit plan.There is no tax advantage to refinancing the property first - in fact, the refi will often force the taxing authority to reassess the value of the property - which would likely remove any tax grandfathering you may have - raising your taxes.There is no advantage to doing a two step process like you mention.Randy

One day the student loan will be paid off and it'll be like a raise 😀 Good luck.Clint

I can potentially raise some additional funds from family and friends, but I want to get my 1st deal with the $20k.

To anyone raising money, there is nothing more sacred than other people trusting you with their hard earned funds and retirement money.

Has anyone had experience taking over a self storage business and raising rates $5-20 per month?

And hope you can continue to advocate for your community as I do think people with compromised immune systems, etc. would be in this boat (along with severe allergies).

If so did you raise the rent?

Not saying we did it alone, but I'm proud that Carrot has been a key driver over the last 8 years of helping to elevate the conversation in this market and to raise the bar for running an ethical, honest, and highly impactful business that is here for the long-term.