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8 January 2022 | 14 replies
Mobile home parks, however, are equal to self storage as the best investment I ever made.
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4 January 2022 | 0 replies
Another consideration I have is that I should be completing a storage unit in 2022 and would be ecstatic if the tool could accommodate the billing for those 40-50+ units as well without breaking the bank.Thanks in advanceJohn Leake
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10 January 2022 | 3 replies
Upper/Lower ~ 1,000 sq fot per floor, plus basement storage/laundry and a large garage.moved into the lower Aug1.20% down, on effectively $125K... appraised then for $140K, more now (appreciation plus repairs)Bank gets* $728/mo Upper tenant pays $755 (still well below market) ( insurance of ~ $59/mo and water $25/mo not escrowed)* i was paying $1000/mo all-in at my 1br ~ 550 sq foot apartment rent/garage rent/insurance/utilities etc..**2**While i was under escrow on #1 my father had passed away.
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4 January 2022 | 5 replies
If I put the two bed 1 bath rents for 800 that is 2400 for those ...the studio I am adding will be another 650 So 3150 for apartments ..With 13 storage units at 55 that is 715 a month but I am adding a larger 14th unit that I will rent for 150 but let's say 100 bringing the total to 815 for storage So 3150+815 =3965In a cap rate appraisal you exclude the mortgage, tax, insurance and cap Ex So expenses are ..Heat 200Water 75Trash 75Landscape/snow 75Repairs 120Vacancy 120Miscellaneous 200That's 865 in expenses but let's say 900So 3965-900= 3065 in profit (noi) x12 months in a year=36780You divide that by the market cap rate..which I am going to use the most recent data of 7.45%36780÷0.0745=493,691can't be right.
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5 January 2022 | 5 replies
Very cool way of analyzing it @Eric GoldmanIt seems like everything I find that people want to sell is unique and not a cookie cutter way of analyzing the deal.I recently just purchased a 4 unit building with 13 storage units on the property.
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5 January 2022 | 1 reply
Purchase price: $1,350,000 Cash invested: $100,000 Commercial Business Park building with 10 Suites, and two self storage buildings.
13 January 2022 | 4 replies
I self manage all my units, am currently working on a flip, and looking to build a storage unit here this year!
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17 January 2022 | 3 replies
Some common methods are through strategies like charging extra fees for covered parking or reserved spaces, renting out common areas for parties or events, adding or increasing pet fees, sub metering utilities, and converting unused spaces into storage units that tenants can rent.TIP: Ensure you understand any services that are included with tenant rents and the existing sources of miscellaneous revenue, if any exist.
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17 January 2022 | 14 replies
This year I'm looking at doing a self storage facility and am currently trying to find a software that can handle my regular rentals as well as the storage facility.
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10 January 2022 | 5 replies
The 1031 works just fine with each of these types.As far as sector goes both DSTs and NNNs will be available in all the types of investments you mentioned, medical, multifamily, retail, supply chain logistics, self storage etc.