Here are action steps to take when a new large self storage competitor opens up in your market.
Here are action steps to take when a new large self storage competitor opens up in your market.
This episode completes the Getting Started Series for Self Storage Buyers Today. Here are some best Practices for putting your first or next self storage facility into service. This episode covers what to do and not do prior to the closing, day of the closing, and the first month after the closing.
So we now have a self storage project under contract! Way to go! In last week’s Episode, we covered the first few spaces a self storage buyer goes through today to get to the finish line and either close on the project or let it go. In this Episode, we are going to...
You now have a self storage facility under contract. Congratulations. Now what? https://youtu.be/t5MjRQN9uO0 This is where it can be exciting, scary, thrilling, and the most fearful thing you have ever done all at the same time. That’s normal, especially of it is your...
In today’s self storage business climate, reasonably priced deals don't stay on the market long. If it is a facility your are interested in, it is critical that you control that property as fast as you can. "Deal Mode" This is the second stage of “Deal Mode” as...
Once you find a self storage deal that looks good to you as your start self storage investing, my coaching is to quickly jump into deal mode. What is important as you enter deal mode is to know the steps, or more accurately said, the spaces of a deal. As I have...
Let’s discuss developing your skills of getting in front of good self storage deal flow.
The quality of your life is a function of the questions you ask yourself. When I ask people why they are getting in the self storage business, I usually hear answers like: “It is a good sector”. “I hear it is doing well today”. I often hear...
“The Market is cooling off.” “Interest rates are going up.” “CAP Rates are going up.” We hear all kinds of projections from experts about the self storage industry today. However, nothing probably the most often used and least understood financial term is “CAP...
Perhaps the most important thing for your self storage facility is to end up on the first page of Google when people search for self storage in your area. In terms of finding new tenants, other than a fantastic retail like location, I can think of nothing else today....