Webinar Details
Description: If you are looking to purchase or build a self-storage facility you should consider hiring a consultant or advisory firm to execute a feasibility study and other pertinent research on your behalf. These studies provide discerning factors that may either encourage or discourage you to pursue a project. Learn from the experts if the deal is as sweet as you think it is.
Date: February 17, 2022Â Â Â Â Â Â Â Â Length: 53:31
Poll Questions & Responses
Have you considered hiring a consultant to help you?
YES
72%
NO
28%
Have you had a feasibility study executed in the past?
YES
40%
NO
60%
What should a feasibility study cost?
Under $2K
16%
$2K - $5K
68%
$5K - $8K
16%
Topics and Questions Discussed
- 1:10 - Introduction & Housekeeping
- 2:42 - Panelist Introductions
- 5:20 - Where do I begin to look for a feasibility expert?
- 7:09 - How would you differentiate a feasibility study from a market study?
- 9:29 - Are you finding most people who come to The BSC Group already have had a feasibility study?
- 11:08 - What kind of data are feasibility experts looking at?
- 12:20 - What are some of the services that a self-storage consultant would perform?
- 19:13 - What's your go-to source for market data?
- 28:25 - When you're doing market studies, what metrics are you using to advise your clients?
- 39:09 - Are you finding that your lenders are checking their own sources or are they relying on what you're saying?
- 40:48 - How do you feel about ordering a feasibility study if you don't know the market well enough?
- 46:20 - Closing Remarks
Important Links
Webinar Sponsors
Webinar Panelists
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