All Forum Posts by: Julie Gates

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Investment Info:

Industrial industrial investment investment.

Purchase price: $225,000
Cash invested: $22,500

Acquired a self-storage property requiring improved management. Initially, the facility lacked visibility, with no Google recognition or online presence. Transitioned all tenants to a digital payment system and adjusted rents to align with current market rates. Achieved over 100% revenue growth within six months.

How did you finance this deal?

The acquisition was funded through seller financing. The buyer contributed 10% of the purchase price in cash and financed the remaining 90% directly with the seller at a 5% APR, structured over a 10-year term.

How did you add value to the deal?

Value enhancements included installing improved signage, registering the business on Google, and implementing an online payment system. Previously, the seller relied on paper invoices and check payments. Delinquent tenants were either brought current on rent or had their stored items auctioned off.

What was the outcome?

The property’s revenue increased from $1,738 per month to $5,245 per month, reflecting a 201.8% growth in income. Expansion plans for the facility are scheduled for implementation in 2025.

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Savannah is a great market. I've been investing here for over 21 years. 

Great point, you can, it's just clunky. We have tried several systems to get guests to fill out paperwork before booking and they either click around it or don't book. It's frustrating.

There is no way to do background checks since the best platforms for this investment strategy don't support such a thing. The best thing you can do to reduce evictions is keep your price point high. I wouldn't do them in rougher areas at all, just find long term tenants and background check them the traditional way.

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Please join us for our monthly event. This event is 100% free. Please thank our host, Java Burrito by purchasing food or a drink on your way down. 

Bring a deal or buy a deal, meet with other local real estate investors in the Savannah area.

Please be aware that the Euro is super weak right now. It's very expensive for Europeans to visit the US. It's important to be on this platform, even if it's not performing right now. 

Airbnb is the market leader in the Southeast. Get your units there and make sure that they stand out. It's a tough market, no matter what platform you're on. We need to make it until spring.