Why Now Could Be a Better Time to Buy Commercial Real Estate with Steffany Boldrini

Higher interest rates have made financing more expensive, but Steffany Boldrini believes the discount available on commercial real estate can more than make up for it. With cap rates rising and properties taking longer to sell, she says buyers finally have more time to look at deals.

Steffany focuses mainly on self storage. She has completed storage syndications as well as a condo conversion and an industrial deal with partners.

Her long term preference is simple: buy and hold. She believes flipping can still have a place when it creates cash to fund more properties. Her current goal is to acquire about four self storage facilities each year, holding two and flipping two.

She also talks about the difficult period self storage went through after 2022. Steffany says people across her storage mastermind felt the downturn, and some operators left the business. Her own deals remained intact, and she says rents have slowly started improving.

When looking for value, Steffany pays attention to facilities that may be missing basic revenue and operating tools. Some properties have no website or tenant insurance. Others may have management costs that can be reduced. Extra land can also create an expansion opportunity.

Key Topics and Takeaways

• Why Steffany believes higher cap rates are creating buying opportunities
• Why she prefers self storage in Sun Belt markets
• Why buy and hold remains her main strategy
• How selected flips can help fund future acquisitions
• Ways underperforming facilities can increase revenue or lower costs
• Why she has become cautious about syndications
• Her typical focus on facilities around 20,000 to 50,000 square feet

Guest Information

Steffany Boldrini is a real estate investor focused mainly on self storage.

She is interested in connecting with people in the self storage industry and potentially passive investors who like storage.

Email: steff@montecarlorei.com

Steffany explained that the Monte Carlo name comes from the Monte Carlo Ranch in Brazil, where she grew up. She chose the name in honor of her family and her mother, who raised the family largely on her own.

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To connect with Steffany about self storage, email:

steff@montecarlorei.com