Is It Time to Become a Multi-Site Self-Storage Operation? Why and How to Grow Your Portfolio
In this session our presenter will share how he amassed a 10-property self-storage portfolio. He’ll discuss benefits and challenges as well as mistakes to avoid as you scale to a multi-site business.
Speaker: Brooks Lumpkin, Owner, Southeast Storage
Format: Streaming Video
Duration: 56 minutes
Is It Time to Become a Multi-Site Self-Storage Operation? Why and How to Grow Your Portfolio
Have you dreamed of growing beyond a single self-storage facility to become a multi-site operation? Our presenter has done it, amassing a 10-property portfolio. Along the way, he learned to self-manage, leverage third-party management, research technology, talk to investors, acquire and expand existing facilities, and develop new sites from the ground up. He’ll share his experience, covering benefits and challenges as well as mistakes to avoid as you scale.
You’ll learn:
- The benefits and efficiencies in operating a multi-site portfolio
- When it makes sense to hire third-party management vs. self-managing
- How to evaluate acquisition and development opportunities
- How to use algorithms and technology to manage rates across your portfolio
- The key metrics managers and owners should follow
This product is also available in DVD format, both as a single and as part of the following discount packages:
Format: VID
