Creating Your Business Plan – Focusing on Financing Properties!
Wednesday, October 12
When you are putting your business plan together, it is important to really focus on the how. How are you going to achieve the goals that you have set for your business? The first thing that you need to evaluate is your financial position. Are you in a position where you are going to be able t...
Do you have a business plan? If not, how will you know your successful
Monday, October 10
You know that you want to invest in self-storage because it is a stable, fantastic opportunity. You are excited and you want to begin as soon as possible. One of the best places to start a self-storage business is with a business plan. A business plan is the map that gets you from where you are...
How Are Interest Rates Affecting Self-Storage Investing?
Friday, October 07
We all know that interest rates are rising. We know that the FED is doing it to reduce inflation. But how is it going to affect self-storage? If you are using bank money, then it will make a huge difference on what deals will actually work and which ones no longer make sense. When interest rate...
There are 3 Musts in Managing Your Self-Storage Business
Wednesday, October 05
There are 3 key things that you should make automatic in self-storage. You should always have the same system in place for when you are renting to a new client. You should always have automatic rent increases; you should always have automatic withdrawal. To begin with, if you are not consistent ...
5 Dangers That Will Kill Your Self-Storage Business!
Monday, October 03
The self-storage industry may be one of the most stable commercial industries in the market, but even self-storage can fail if you don’t manage it correctly. While there are many great opportunities, there are also some things that you just can’t overcome. Here are 5 dangers that you must watch...
Can Self-Storage be a Passive Investment?
Friday, September 30
If you have done your research, you have discovered that self-storage is a very stable asset. There are several ways that you can invest in self-storage. You can get the necessary training that you need to become a self-storage investor yourself. You can partner with someone who can mentor you...