122 | Successful Self Storage Project Management with Erik Osterhus
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Erik's Background:
- Erik is the Chief Development Offer for Pinnacle Storage Properties. He oversees all facility expansions, renovations and ground-up developments from initial due diligence to entitlements through Certificate of Occupancy. He has successfully managed facility expansion in existing properties as well as a ground-up development.\\xa0
In this episode we cover:
- 00:02:25 The value add model in storage
- 00:05:42 Mitigating risk on developing
- 00:09:24 Climate vs non-climate
- 00:14:33 Best return on capital expenses
- 00:20:54 Underwriting potential upside
- 00:23:36 Typical return profiles
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.