Amazon has a decent one under Amazon basics brand.but if the wood is soaked / deep you might have to replace it in those spots.

I know people that have owned storage units for over 20 years and they tell me vacancy rates go up and down but it's generally pretty steady.

However, there are many factors to consider, and I want to ensure that the right people are involved at the right time.The renovations are nearly complete, and I am already collaborating with a condo conversion lawyer to draft the condo filing documents.

If you are using one all the time you leave it down but most people if they put one in it is because you want to use the room for something else.

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

Prior going to the conference my fear was that most of the people going to the conference was in the single family homes and we wouldn't be as much of value to each other.

I've heard people talk about getting an IRR around 20% but I'm not sure if that's an outdated target and not as realistic as it may have been in the past? 

People expecting $200 per door per month in a b class neighborhood while financing with little to no renovation are going to be disappointed.

Maybe it’s the case that you can dispute the appraisal a bit and find better comps if you truly believed you were shorted on the value and also the rent, but be prepared that by providing other suggestions to an appraiser may not ultimately yield you any success because what’s happening is basically telling appraiser that they are bad at their job.  

There are many good people under these programs, but likewise there are many looking to sell a sob story.