Transitioning Ownership and Payment Sytems

[Michael Stephensen]

This is my first investment deal. 

I am in the process of acquiring a small self storage property consisting of 26 units from my parents. The rates have not increased in 14 years.  Rent collecting, and paying is inconsistent. I am looking for help in 2 specific areas right now. 

1. Example letters explaining ownership change and rent increases. What has or hasn't worked well for you? Phrases to use or not to use? etc...

2. Transitioning all tenants to an automatic payment system. I have looked into Cozy, but I would like to know of other platforms that would work well for such a small self storage facility. 

Thanks so much in advance for any insight anyone has to offer.