288. The Undersupplied Self Storage Markets That Everyone Else Is Ignoring w/Brady McDonald

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/start-podcast    Brady McDonald is not only a fellow self storage investor but also the founder of Barefoot Land Co., a company that specializes in acquiring and entitling land for self storage development. Only a few years ago, Brady owned a large portfolio of rental properties in Canada. But when he realized that “you can’t eat equity” and needed more cash flow, he packed up his young family, moved to the US, and started a business that sources land off-market, entitles it, and then sells it to other developers. He has even developed a couple of his own self storage facilities, too!   In this episode, Brady shares his journey into self storage investing, the major changes he’s noticing throughout the self storage industry, and the steps he takes when analyzing a market for development opportunities. Stay tuned if you want to know where rental rates are headed and where class A storage could take off in 2025! What you’ll learn in today’s show:   Crucial metrics to look at when analyzing a self storage market Forecasting where storage rental rates are headed in the next 12 months The “smaller” markets where class A storage could explode in 2025 Building a cash-flowing business to offset low-cash-flow investments Brady’s journey from residential real estate to self storage investing  — Barefoot Land Co.: https://www.barefootlandco.com Brady’s Instagram: https://www.instagram.com/brady.mcdonald84   📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/ 📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself.  https://cedar.cc/feasibility-studies/  🎙️ Do you have a great story to share on the Self Storage Income or AJ Osborne podcasts? You can now apply here!  https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207  📖 Get AJ's 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