«Over the
past five years, the
operating costs of owners of rent - stabilized apartments have increased 16 percent, while the RGB has limited rent increases on a 1 - year
lease to a fraction of that, 2.25 percent, over that same period — including two consecutive rent freezes,» said RSA president Joseph Strasburg.
In the
past, self storage was looked at as an
operating business and lenders could not get their hands around underwriting a self storage deal made up of month to month
leases and apply a realistic cap rate to the actual net
operating income.