by Matt Ruedlinger and Courtney Linderson
As rent growth cools, new units hit the market and insurance and interest rates remain high, operators are getting creative in addressing Net Operating Income (NOI). While dynamics continue to shift, passive revenue that doesn’t require CAPEX dollars is finding its way into operations and improving the resident experience at the same time. Joseph Woodbury, Co-Founder and CEO of Neighbor, joins Matt and Courtney to explain how a growing marketplace for self-storage is maximizing unused space in both existing and new construction.
Listen to the podcast at Apartments on the Go or on the podcast player on The Multifamily Journal.