Danielle Chiasson identifies the biggest challenge as making the numbers work and finding deals that negate risk. In recent years, investors could rely on appreciation to cover mistakes, but with valuation uncertainty, it is now critical to be conservative, triple-check numbers, and build in contingencies.
Investors should focus on both increasing income and lowering expenses. Danielle suggests creative strategies like charging separately for storage lockers, parking spaces, or garages, installing vending machines, and working with tenants on maintenance. She also recommends reviewing debt structures to open up breathing room.
Danielle explains that selling does not mean losing if you reallocate the capital into a better-performing asset or a higher cash-flowing market. She encourages investors to stay fluid and intentional, offloading underperforming properties before they are forced to sell.
The easiest way to manage risk is to be conservative on numbers, include financing and due diligence conditions, and verify zoning and capital requirements upfront. Danielle also recommends partnering with sellers or owners to share risk rather than taking on full ownership alone.
Danielle emphasizes a health trifecta of diet, exercise, and sleep hygiene to support mental health. She advises investors to put themselves first—like putting on your own oxygen mask before helping others—so they can be present and make better decisions.
