Los Angeles
There are plenty of opportunities in self-storage, but the most profitable strategies involve replacing poor management, according to Hunter Thompson, CEO of Cash Flow Connections. He is executing a value-add strategy based on buying properties with inefficient management and implementing revenue-generating amenities. In 2018, value-add self-storage is where he is finding the best opportunities for yield.
“I think that buying properties, particularly in this asset class, with significant in-place income and a lack of an effective implementation of management strategies on a risk adjusted basis is by far the most favorable,” Thompson tells GlobeSt.com.