Self Storage Appraisals 101: How to Value a Self Storage Facility

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/you... Want to know how to value a self storage facility? Stick around and we’ll show you! In this episode, seasoned appraiser Tim Garey breaks down the entire valuation process—and shows you how to get the right valuation. With more than twenty years of experience, Tim oversees a team of thirty appraisers nationwide at Cushman & Wakefield’s Self Storage Advisory Group. He has appraised all types of properties, from shopping centers and golf courses to industrial buildings and, of course, self storage facilities. In this episode, Tim will share how and why he got into the self storage industry before walking you through the entire appraisal process, step-by-step. Whether you’re a buyer or seller, Tim offers all kinds of helpful tips for working with appraisers—like the types of information you need to provide to ensure that the process goes as smoothly as possible and why it’s in your best interest to build a relationship with your appraiser. But that’s not all. He’ll also share why ordering your own appraisal could hurt your deal, and why self storage has seen a recent influx of private money! _______ Cushman & Wakefield: http://cushwakeselfstorage.com/ Email Tim: [email protected] _______ 📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-... 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFT... 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq 📉 Take advantage of today’s market conditions and invest with us: https://cedar.cc/invest Chapters: 00:00 Intro 03:12 Tim’s Self Storage Journey 05:25 The Appraisal Process 11:32 Valuing Self Storage 23:23 When Appraisals Go Wrong 30:49 Changes in the Market 36:38 Working with Appraisers 45:46 Connect with Tim! #ajosborne #selfstorageinvesting #selfstorageincomepodcast #financepodcast