Identifying Your Target Self-Storage Properties
Friday, July 14
How do you know what to look for when you are looking for self-storage properties? There are a few things that you want to make sure that every property you purchase has. You want to make sure that the property fits your business model. You want to make sure that the property has between 3 and ...
Why Invest in Self-Storage?
Wednesday, July 12
Self-storage is one of the most profitable commercial properties that you can own. If you find a property with a better CAP rate, will it have the same ease of management and low maintenance that self-storage does? Self-storage is a very simple property to maintain. Depending on what your facil...
How Do You Know When to Sell Your Self-Storage Facility?
Monday, July 10
This is a loaded question. Should you ever sell such a great asset. It all boils down to your business plan. If you are in it for the long haul to give your children an inheritance, then you are probably never going to sell. However, if you purchased the self-storage facility with other peopl...
Start With Your End Game in Mind!
Friday, July 07
If you are going to invest in self-storage, you need to make sure that you know your exit strategy before you make an offer. Knowing what you are going to do with a property affects your offer. If you go in with no exit strategy, you may end up paying too much for the property or even completely...
How do you determine the appropriate CAP rate for your area?
Wednesday, July 05
When you are buying a property, you want to make sure that you are going to make a profit. However, if you are looking at 4 different properties, it is very difficult to compare them apples to apples. Especially when you have a peach, a pear, and an orange. The only way to compare properties i...
Self-Storage Investing – How Do You Create Demand for Your Units?
Monday, July 03
The short answer is that you cannot create demand. There is a certain amount of demand in each area for self-storage. You cannot force people to store their belongings. Only about 10% of the population in an area uses self-storage. What you can do is you can take a bigger piece of the current...