How to Win Over City Hall for Successful Real Estate Development

I'm sitting down with Tyler Prime, a legal expert for the self-storage industry, to dissect the complex legal and development landscape of this niche asset class. Tyler and I discuss his journey into self-storage and the critical legal hurdles developers face, from understanding local regulations to navigating often-challenging planning board dynamics.

We dive deep into the financial and legal intricacies of property tax, including how tax assessments can "significantly impact profitability" and how

PILOT (Payment in Lieu of Taxes) programs can offer developers a pathway to tax relief. Tyler emphasizes the importance of community engagement to address pushback that "can affect project approvals" and touches on why "we're seeing more conversion projects" in the current market. This episode highlights the unique collaboration within the self-storage community and the innovative approaches to networking.

Timestamps:

00:00 Introduction and Guest Introduction
01:01 Tyler's Journey into Self Storage
04:22 Legal Insights in Self Storage Development
08:39 Understanding Planning Board Dynamics
12:47 Navigating Property Taxes and Appeals
14:44 Exploring Pilot Programs for Developers
17:15 Addressing Community Concerns in Development
18:54 Current Trends in Self Storage Development
21:17 Legal Changes and Their Impact on Self Storage
25:06 Innovative Networking in the Industry

Connect with Thaddeus Campbell:

Email: [email protected]
Website: https://s3.partners/
LinkedIn:   / itsthadcampbell  

Connect with Tyler Prime:
Email: [email protected]
Website: https://www.primelaw.com

This episode was brought to you by:
https://www.kiwiconstruction.com/