The Fifth Rule of Thumb – Managing Your Property – Finding a Manager!
Monday, March 06
When you are evaluating your self-storage facility, you really must evaluate your manager. Your manager is the key to your success. You want a highly trained, experienced, property manager. You need someone who can find great tenants, keep the property running at a high level of performance an...
The 5th Rule of Thumb – Managing Your Property
Friday, March 03
Correctly managing your property is going to be critical to your success. You will find that many of the great opportunities out there are because the owners have let the property be managed poorly. Whether that was because they hired a bad manager or didn’t know what they were doing, the prope...
The 4th Rule of Thumb & and SBA Loans
Wednesday, March 01
One of the greatest gifts to self-storage investing is the SBA loan. This loan is designed to help small businesses purchase real estate. If you are going to be getting a loan for your self-storage facility, you want to consider an SBA loan. The first thing that you need to know about SBA loan...
The 4th rule of thumb and Conventional Financing in Self Storage
Monday, February 27
Once you know what your lender is going to ask of you, you need to be prepared to ask your lender what kind of options you have. There are several different types of loans available for conventional loans. They range from government supplemented SBA loans to traditional conventional loans to priv...
The 4th Rule of Thumb & the 5th Key to Talking to Self-Storage Lenders
Friday, February 24
While your reputation may not seem that important, in the world of self-storage financing, it can make or break you. Your reputation is very important to a lender. If you have a stellar reputation, a lender is much more willing to stand behind you and vouch for you to get an SBA loan. If your ...
The 4th Rule of Thumb & the 4th Key to Talking to Self-Storage Lenders
Wednesday, February 22
When a lender is considering lending on a property, they often look at the current market conditions. A commercial loan is unlike a residential loan. While it is amortized over 30 years, there is a balloon payment due every 5 to 7 years depending on the terms of your loan. If the market looks ...