What do you need to look at in a potential property for conversion?
Wednesday, November 23
Sometimes, when you are looking at a property, you think, wow, I can just put up a few walls and create a few hallways and then I will have a self-storage facility. If it were that easy, everyone would be converting buildings. When you want to convert a property into self-storage, you really n...
How much square footage will I get out of this conversion?
Monday, November 21
There are so many moving parts when you are trying to purchase a property to convert. You have to make sure that you have the financing in place. You have to make sure that the financials will support that financing. Then you need to make sure that your vision can fit within the walls of the p...
Your self-storage conversion – watching your costs!
Sunday, November 20
When you are evaluating a property for a self-storage conversion, you need to make sure that your conversion costs are not going to be higher than your purchase price. If they are going to be substantial, did you budget that much for them? You may find a property that is so damaged, or possibly ...
Self-Storage Conversions and Planning and Zoning!
Wednesday, November 16
Planning and zoning can be synonymous with pain and suffering and long and waiting. However, if you know what you are doing and if you are working with the right team, it can also be synonymous with easy and painless. When you are looking for the perfect conversion project, make sure that the ci...
How do you put in an offer on a property that you want to convert?
Monday, November 14
Once you find a potential property, it is time to act. Don’t miss out on great opportunities because you are worried about whether or not everything will be perfect before you make your offer. Instead, make your offer contingent upon everything being perfect. Once you have found a property that...
What do you do with a large parking lot when you convert property?
Friday, November 11
Conversions are a great way to get into the self-storage market. However, when you are converting a retail property you may find yourself stuck with a large parking lot because of city requirements for parking. This gives you a great opportunity to turn this land into something profitable for y...