Understanding the financial side of self storage is critical—whether you're just getting started or already scaling your portfolio. In this rebroadcast of our popular webinar, we're joined by Brooks Lumpkin and Amber Crucian to break down the financial fundamentals every owner and operator should know.
We cover:
The key reports and KPIs to track your facility's financial health
Budgeting for controllable vs uncontrollable expenses
Cap rates, depreciation, and stabilized assets explained in plain language
Knowing when it's time to grow—and how to fund that growth
The pros and cons of building new vs buying an existing facility
What lenders look for and how to prepare for expansion, sale, or refinance
We also tackle common financial questions from owners across the country—covering topics like DSCR vs DST funding, interest rates, ad budgets, and what to do when your tenant passes away.
Whether you're aiming to stabilize your first facility or planning a multi-site portfolio, this session is packed with practical tips and strategic advice to build a profitable future in self storage.
Watch the YouTube replay- Self Storage Finances: 101
Guests: Brooks Lumpkin (Flex Storage) and Amber Crucian (Live Oak Bank)
Hosts: Tommy Nguyen
Brought to you by the teams at StoragePug and Lighthouse Storage Solutions
