Lets ask another question:according to biggerpockets forum, how to do due diligence when purchasing self storage unit ?

Hi all,Seeking an attorney to assist with a purchase of a facility (combined car wash/self storage facility) in west Dayton - Drexel, Dayton to be specific.

Some info on our home its located in Pennsylvania, 5 bd 1.5 bath with a shed outside for storage. 2 car parking and a small yard.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Our hope is to find ways to increase cashflow with this property short term and reduce our bleeding, and also consider the cost associated to implement.The property is 2 units fully occupied. 1 tenant already rents out our garage for an extra cost, the other tenants are left with no additional storage outside their unit.

I am considering and looking at 5+ properties and learning about commercial and self storage.

Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.

I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investments (self storage). 

You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.

Digitize physical receipts for easy storage.