California's New Law Just Raised Everyone's Rates: Here's Why

In this critical episode, we dive deep into the impact of California's new self-storage disclosure law, SB 709, which has been signed by Governor Newsom. We reveal why this bill designed to protect consumers will actually force operators like Extra Space to eliminate low introductory rates and charge a higher rate from day one, ultimately costing many customers more money.

We also cover the essential financial and political truths:

• The Next Battle: Senator Menjivar, the bill's sponsor, warned on the Senate floor that this is "only the first bite of the apple," confirming that rate caps are the next legislative target for our industry.

• Consolidation Accelerating: We share the staggering data showing that REITs already own over 33% of all institutional-sized self-storage facilities, and we discuss the huge UK acquisition by Blackstone, proving that capital is still flowing heavily into our resilient sector.

• The Lobbying Urgency: We stress the importance of actively funding the industry's political action committees (PACs) now, as we move into the crucial 2026 political cycle to fight against future detrimental legislation.

• Gold vs. Dollar: We examine the "Debasement Trade," where Gold and Bitcoin are hitting all-time highs as investors hedge against the continuously weakening US Dollar.

Tune in to get the analysis you need to navigate the political and financial pressures facing self-storage.

Connect with Thaddeus Campbell (S3 Partners):

• LinkedIn: https://www.linkedin.com/in/itsthadcampbell/

Connect with Chris Berg (Abernathy Holdings):

• LinkedIn: https://www.linkedin.com/in/chrisbergreal/

This episode was brought to you by:

https://tractiq.com/
https://gojohnsoninsurance.com/