332: Self-Storage Is Still In The Early Stages And Mostly Run By Smaller Operators

One asset class that performs well in any economy is self-storage. When people are downsizing, they need self-storage. When they’re moving, changing relationship status, or running out of space for any reason, they need self-storage. Self-Storage is also great because rents are typically month-to-month, so you can raise rents with relative ease and not a lot of resistance from tenants. Charles Kao is an expert in self-storage development and operations who consults with investors all over the country on project feasibility, design, and technology to achieve the highest levels of profitability. Most importantly, Charles helps clients determine whether a new facility will generate high enough rents to make money.