Due Diligence on Storage Deals
Monday, January 31
While many of the same rules apply when doing your due diligence on a storage facility purchase, there are some intricacies to consider. Here is a non-exhaustive list of some important due diligence items. -Consider obtaining a feasibility study to determine supply and demand, optimal unit mix,...
How to Add Value to a Storage Facility
Tuesday, January 18
A storage facility, like other commercial assets, is valued on its income. Thus, to add value to a storage facility, you must increase the income. Here are several strategies to increase a storage facility’s income. Raise rents If a facility was run by a mom and pop operator, it is unlikely t...
Why Invest in Storage
Sunday, January 02
With money flooding into the residential real estate space and cap rates compressing, more investors are turning their focus to self storage facilities. Self storage is commonly referred to by investors as “cash cows” and, aside from the generous returns, there are other reasons to consider inve...
Primer on Underwriting Storage Deals
Sunday, December 19
There are nuances to underwriting commercial properties but underwriting storage facilities are not inherently difficult. Aside from merely calculating the monetary returns that a storage facility can or may generate, be mindful of other important factors. Supply & Demand Studies have fou...
Networking to Success
Sunday, December 05
In real estate investing, like many other things in life, your network is your net worth. It is not common for a real estate investor to know everything about all facets of a project, from sourcing and acquisition to rehab to managing to selling or stabilization. Therefore, an investor should b...
Rehab is Complete on Your Flip - Now What?
Monday, November 22
So, you’ve finished one of the hardest parts of your flip: the rehab. You’re ready to hit the market, right? Not so fast, here’s a few things to consider before doing so: 1. Staging. There’s some differing thoughts as to whether staging is worth the cost. The important part here is to make a...