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24 March 2024 | 1 reply
Figured it can’t hurt to ask. I’m looking to purchase additional self storage mainly north east of Cincinnati but I’m open to location. I just prefer to be able to drive there. Looking for something under 2 million ...
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26 March 2024 | 11 replies
DSTs function as investment vehicles that hold ownership of income-generating properties, granting investors fractional ownership in various types of commercial real estate such as apartments, self-storage facilities, build-for-rent properties, and NNN (triple net lease) properties.
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24 March 2024 | 7 replies
The tenants are getting deal and they know it....having a property to rent that allows animals and has those facilities is priceless so don't feel bad about raising the rent.
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23 March 2024 | 12 replies
Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?
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21 March 2024 | 28 replies
I use the oil based Kilz when I deal with pet odors.
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21 March 2024 | 2 replies
Small laundry facility brings in a couple hundred dollars per month.
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19 March 2024 | 2 replies
Purchase price: $299,000 Cash invested: $310,000 28 Unit Self Storage Facility
21 March 2024 | 2 replies
They care about the occupancy and financials a lot. 4. if you are going to run a owner occupied business out of the property such as adult care facility and you are considered 51% owner occupied you can do 20% down and really good rates.
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22 March 2024 | 9 replies
There work like well oiled machines.
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20 March 2024 | 4 replies
Is it true when underwriting small storage facilities that you should use a high cap rate between 12% - 15%?