We operate in Cicero a lot, and it is so critical to be able to be found by the town when something goes down.

Not trying to be critical, just hate to see someone make a huge mistake like this...

Many investors use their business plan as a roadmap after acquisition3.In summary, thorough due diligence involving financial, physical, legal and market analysis is critical when purchasing a self-storage facility to mitigate risks and ensure a sound investment.

This market has very little supply and seems overpriced in many facets (less than 100 MLS properties), but I'm determined to find a good deal within the next 3 months.Capital is now fully acquired and just looking on ways to find and analyze deals.

Know how to take constructive criticism.

When it comes to property analysis, I never miss the critical step of physically inspecting each property.

The critical factors in any STR are nicely themed rooms, a higher end game room, modern decor, and a good view from the pool area. 

I maintain my Superhost status on Airbnb every year and the properties consistently get 5 star reviews, and my places stay booked.So, for me, automation has been critical to my success. 

However, there are a few critical factors you'll want to consider before making your decision.Tenant History: Try to get a sense of the tenant's payment history and overall reliability.

Personally, I think it’s important to continue to stay creative and generate new ideas on all facets of the business as legal restrictions continue to present themselves.Have a good one!