REPOST: VCREP #11 | The Fastest Growing Commercial Asset Class in Canada? with Pat Wood50m | Nov 15, 2023
*Disclaimer: This podcast was originally recorded and aired in July 2021*
Ever wonder about that 5' x 5' self storage unit that you rented for $110/month to store all that crap you never use?
This week Cory and Adam welcome Pat Wood, formerly one of the, if not THE authority in self storage appraisals and consulting to discuss why this asset class has seen a huge run in the past couple of years. Pat breaks down what the self storage asset class is, why there seems to be so many popping up as of late, and what investment angles exist if you wanted to partake in the success of this booming industry. He sheds some light on the science behind the self storage business and why some locations work much better than others, plus what other types of business are now being paired up with self storage to offer a diversified investment option.
Anyone want a cash wash before you drop off your items to your self storage unit?? After this episode, you will never look at that overpriced storage locker the same way ever again!