How do I know if I should buy this property?
Wednesday, November 25
Have you ever looked at a self-storage facility and wondered, “Should I buy this? Is it worth it?” There are a lot of ugly properties out there that are more than worth it and there are a lot of beautiful properties that you should walk away from. In today’s blog, we are going to discuss how you ...
The Importance of Net Income and the CAP rate in Self-Storage
Friday, November 13
There are only two things that determine the value of a self-storage property, the CAP rate, and the net operating income of the self-storage facility. Whether you are looking at a new property and trying to determine how much you should offer for that property, or you are looking at your own pro...
3 Networking Tips to Find Self-Storage Facilities
Tuesday, November 10
Networking with other people in the self-storage industry is one of the best ways to find sellers who are considering selling. For example, property managers often know when a seller is frustrated and might be in the market to sell their investment property. Lenders know who can’t refinance and a...
Do You Have a Daily Action Plan? Self Storage Investing
Thursday, November 05
Daily Action Plan Are you ready to get started with self-storage real estate but don’t know where to begin? You have amassed a wealth of information. Now you need to take that information and organize it and get started. How do you get organized? Sometimes this can be overwhelming and sometimes...
"Passive Investing" How to be a Hands-off Investor
Monday, September 21
You have done your research, and like me, you have discovered that self-storage is the best asset class out there and for you. So now what? Do you go out and buy a self-storage facility with no experience whatsoever? Probably not the best plan. Do you take training classes and jump in headfirst? ...
How do I structure my business?
Tuesday, September 08
Setting up your business is one of the most important aspects of your Self-Storage Business plan. You are likely asking yourself, how do I structure my business. You need to know who is going to be part of your business and what their role is from the beginning. This may change over time as you b...