Unfortunately, a lot of lenders tend to operate better with certain types of projects, which is also true in the inverse, that lenders that operate better with F&F or DSCR tend to struggle on the underwriting with other types. 

Then decide if you want to move forward as an operator in the storage space.  

You would have to seriously level up if you want to get out of the trap that bad operators have set with the pricing wars just to cover their expenses.

Most leasing companies operating in this space are familiar with the process and handle it efficiently for the most part.

Hi All - I have worked in banking for much of my career but would like to possibly transition to a role in property management or facility operations. 

I focus on Columbus, Ohio, which has seen significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations, driving up property prices and job opportunities.

Do you operate in a way that is "technically correct" for the CPA's liking, or do you operate in a way that works for your business?

Now ask me out of every 10 GCs you meet, how many operate like this...1 maybe.  

There are "rules of thumb" to operate by, but they are general guides that change with time and definitely change with markets. 

And that get's even more confirmed when you look at home prices long term, like since WW2.It's like: I don't know if we are going to have snow for Christmas, or how much snow exactly it will be, but it's Wisconsin and so it's pretty safe to predict (even though maybe not 100%) we are going to have snow at some point next winter and the total accumulation is going to be probably around 30-50 inches.My operating assumption is that home prices are going to double (again) over the next ten years, just like the did over the last 10.