{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The AAA Storage Podcast","title":"Navigating Economic Cycles in Self-Storage","html":"","width":"100%","height":180,"duration":1898,"description":"In this episode of the AAA Storage podcast, we explore how to navigate economic cycles within the self-storage industry, featuring insights from Paul Bennett. With expertise spanning several decades and economic downturns, Paul shares his experiences weathering financial storms from the 2008 crisis to the COVID-19 pandemic. Dive into the strategies that make self-storage a resilient asset class, even in tumultuous times, and the fundamentals that continue to offer long-term investment stability.Key Highlights:• Understanding the resilience of self-storage during economic shifts, including insights from the 2008 financial crisis and the COVID-19 pandemic.• The impact of market correlation and alternative investments on self-storage performance.• The strategic advantages of investing in non-metro self-storage facilities to avoid market saturation.• Current market trends, including the effects of interest rates and new developments on self-storage demand.• Strategies for self-storage investors during challenging economic times and upcoming market opportunities.Quotes:• \"Self-storage has the lowest default rate of any type of real estate on the planet.\" – Paul Bennett• \"Buy when other people are selling; develop when other people are afraid.\" – Paul Bennett• \"The dynamics are consistent enough that what happens to a self-storage deal in a bad economy is that it simply takes longer to lease up.\" – Paul Bennett","thumbnail_url":"https://img.transistorcdn.com/zLQZx-soUCuC5_nzt0ECx8UhsLSlnrRrLrJNKQf4KsU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMDQy/MTYyYjczMjg3MGRm/NjZmMTJlMDc2ZTA0/Yzc2NC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}