2024 Montana Self-Storage Trends: Softening Rent Growth
The Montana self-storage market, like many others across the nation, has experienced a notable shift in rent growth trends. During the COVID-19 migration period between 2020 and 2022, rent growth surged, with percentage increases reaching double digits. However, as we move forward, it is crucial to adjust our projections and underwriting to align with current […]
2024 Montana Self Storage Trends: Navigating Occupancy Fluctuations
The Montana self storage market has experienced notable shifts over the past few years. Influenced by various economic and social factors, these changes present both challenges and opportunities. Here are some key trends and issues you should consider to navigate this evolving asset class.https://youtu.be/OMCx05DJyE4?si=5_zJ17NmubQ-cubo Resurgence of Occupancy Fluctuations One of the most significant trends in […]
Managing Your Self Storage Facility to Maximize Value
Managing operating expenses is crucial in the self-storage industry, where costs such as credit card fees and abandoned unit cleanup can quickly accumulate, directly impacting your Net Operating Income (NOI). Experienced operators deploy various strategies to increase revenue and mitigate some of these unavoidable costs. Automate Customer Service to Save Money & Maximize Employee Time […]
