Tip #2: Be strategic about tenant demographics. Group similar tenant types together—like keeping professionals with professionals, and students with students. Mixing different groups, such as professionals with LHA tenants or students, can lead to conflicts and management challenges. Keeping demographics aligned ensures smoother interactions and fewer issues within the property.
Achlan Howes’ Post
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In this week’s article, self-storage consultant Derek Walker lists factors you need to consider before deciding whether to hold back for now or go full speed ahead with your dream of developing a self-storage facility. They include: - Interest rates - Rental rates - Site-inherent risk - Demographics - Supply and demand - Competition - Unit mix - Construction budget Here’s the link to the full article: https://buff.ly/3KgitoL
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Introducing AI Rent Analysis! 🏡💰 Struggling to find the perfect rental price for your property? Our new AI feature analyzes your home and surrounding area to determine the optimal rent. 🫰 School quality, job growth, demographics - it considers it all! Included in every Showdigs account, take advantage today. See how it works here 🪄 https://hubs.la/Q02Bcp8G0
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Introducing the Demographics and Lifestyle group for accessing Esri Demographic maps. The group contains pre-authored map layers and web maps that can be used as-is or as the foundation for your own map notes and layers. https://ow.ly/OsGf50QbPXv
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Introducing the Demographics and Lifestyle group for accessing Esri Demographic maps. The group contains pre-authored map layers and web maps that can be used as-is or as the foundation for your own map notes and layers. https://ow.ly/EYfB50QbIzy
Introducing the Demographics and Lifestyle group for accessing demographic maps
esri.com
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Higher Ed's #DemographicCliff will be uneven. No two schools have identical demographics. Below is a visualization comparing the student bases of a regional institution and a national/global institution. Visit www.edtraverse.com to see more visualizations and to learn how the future of education will be shaped by demographics and competitive factors.
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One of the biggest mistakes that an investor can make is failing to understand their tenant demographics. For example, you can’t assume that you’ll be able to attract A class tenants with a C+ class property…. An engineer making $145,000 a year is going to want to rent something much nicer. With that, it’s important to match the property with the demographics are looking for.
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Seeing the demographics of your trade area is only one piece of the puzzle. Understanding if your facility is in close proximity to high income neighborhoods can help you figure out the upper limits of the rates you'll be able to charge. Check out this video on how to utilize the block group demographics tool on Radius+: https://lnkd.in/eScmQDh4 #selfstorage #selfstoragefacility #selfstorageinvesting #data
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One of the biggest mistakes that an investor can make is failing to understand their tenant demographics. For example, you can’t assume that you’ll be able to attract A class tenants with a C+ class property…. An engineer making $145,000 a year is going to want to rent something much nicer. With that, it’s important to match the property with the demographics are looking for.
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Download and Share the Orange County at a Glance Infographic! This snapshot of Orange County contains statistics, demographics, and quick information that your clients want to know. https://lnkd.in/gBz3w5fX #theocrealtors #ocrealtors
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Tips for every real estate investor Calculate the Return on Investment Get a Grip on Your Local Real Estate Market Get a Crash Course on Commercial Real Estate Terminologies Do a Thorough Background Research Weigh the Financial Aspects before Investing Pay Attention to the Demographics Let’s have a conversation: 📞931.451.5050 📧info@bheganienterprises.com Or visit the site: bheganienterprises.com
