Buying a poorly run self storage facility

[Owen Schwaegerle]

Hello everyone! I’m interested in hearing if anyone here has bought a poorly run self storage facility before and what the process looked like for acquiring it, transitioning management, and how you dealt with tenants who were consistently late, paid in cash only, lived in the units, dealt drugs from the units, and did other sketchy things.

Does anyone have any words of advice on a situation like this?