Why Occupancy Doesn't Matter in Self Storage
Occupancy is known to be one of the most important aspects of a self storage facility. After all, fewer renters means less money, right? Well, it doesn't have to.
Let me show you from the internal spreadsheets of one of my facilities and see just how disconnected my revenue was from the occupancy. Instead, we looked at a different metric - one that's arguably just as important - that affected our revenue directly.
CHAPTERS
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0:01 The Market Now?
0:45 This is not normal
2:56 Economic vs Physical Occupancy
4:02 What happened to our occupancy
4:55 What happened to our revenue
6:10 What it means
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_______
📉 Want to take advantage of todays market conditions with us? Invest in our opportunistic Fund 2 Here: https://cedar.cc/invest
⭕️ Join my Inner Circle! An exclusive mastermind for real estate investors seeking the most advanced strategies and resources in the world for generating wealth and passive income through self storage investing. https://www.selfstorageincome.com/inn...
📘 Get a FREE copy of my best selling book "The Investors Guide to Growing Wealth in Self Storage"
https://www.selfstorageincome.com/