All Forum Posts by: Karen Johanson

I did fine her twice for the disturbances. Not surprisingly, they haven't been paid.

Hi, all...

I have a tenant who's had repeated complaints from neighboring tenants about loud arguing, yelling, screaming profanities, etc. I responded several times and that issue seems to have subsided. I recently had cameras installed in my common areas...the tenant turned them around! One more complaint came in yesterday from another tenant who smelled cigarette smoke in the common area. A review of the video clearly shows the tenant leaving the apartment with a cigarette in the mouth. 

Her lease is up in 60 days. Can I get the tenant out sooner? I could use recommendations on giving a three-day notice or letting the lease expire at the end of April.

Thoughts?

Thanks all for the great input. 

Scott, I'm not going to move on it, but I can refer you to the seller if you are interested in the project.

What did you do to determine the market need? Thanks!

I have an opportunity to buy an acre parcel with two empty warehouses on it. They are in excellent shape and were built in 2012 and have electrical but no heat.

The parcels next door are a storage unit that has a waitlist and a municipal airport. It is in a sparsely populated area, but it’s halfway between a city of 300,000 and a popular resort region (think boating).

I’m considering converting the warehouses to self storage units as a strategy and want to evaluate my market and this deal.

I’d love feedback about what data I need to determine the cap ex costs, market considerations and pitfalls to avoid.

Thanks!

I’m a real estate investor looking to turn a pair of warehouses into self storage. Not sure how to evaluate the market, uncover potential pitfalls and how to evaluate this specific property.

The parcel is one acre and has a pair of large warehouses with electrical, but no heat (built in 2012). It has a bit of room between them for potential gated or outdoor storage.

The property is next to a another storage unit that is at capacity, and a municipal airport. The property is in a sparsely populated area, but it’s halfway between a city of 300k and a popular resort town (boating).

I think I’m looking at a solid opportunity, but I’m new to self-storage. Any tips or guidance for evaluating the deal would be much appreciated.

@Zach Quick

Hello, I just read your response to a post about analyzing a potential self-storage property. I was hanging on your every word, it then you moved to DM…

I have a property I believe has solid potential to be quite profitable, but I need a framework for how to analyze the deal.

Did you have a spreadsheet for that?

Thank you!

Let me know if you want to consider Fargo. It's actually a fantastic community with tons of growth.

@Griffin Parriott

We have recently bought a number of properties in Fargo...happy to pass along any info. Are you in Fargo yet? Are you hacking anything? Good luck!