Do you know average income of families within 5 miles of your storage location.

My models only go down to 80% market value (i.e. a 20% discount) since this seems like a reasonable goal for the “average” investor in 2024.

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

Average cap rates across the country have halved in the past 25 years.

I think identifying these markets that have a history of vacation rentals (so STR regulations are not worried about), near State or Regional Attractions (alot of national attractions may be priced out but not all), while also being affordable for the average STR investor.

These strategies allow individuals to invest in real estate with minimal down payment, gain exposure to the industry, and build capital.Good luck!

We've also seen above average appreciation in the last 6 months on the new construction.

As we look towards 2025, experts anticipate that median home prices will remain below the national average [2].

I estimate 5% but on average I do better than that. 4.

Hostaway is the best in the industry.