One of the many fantastic features of self-storage is the ability to generate significant amounts of additional revenue besides rental income that dramatically enhances the value of your facility.
I will go so far as to say we can create an additional $250,000 in value for a typical facility you may purchase. That may sound very bold, but let me show you how.
The Single Most Important Question…
The single most important question when analyzing a facility is what is the real income. This month we are going to focus on the financial analysis aspects of looking at a self-storage facility to purchase. You will see a number of ways to figure this out; however...
Invest In Yourself – Episode 8
Creating a self storage business that is fun and fulfilling requires investing in yourself
Three Reasons to Read Creating Wealth through Self-Storage – Episode 7
On March 1, 2015 I launched my new book, "Creating Wealth Through Self-Storage." It has been an unbelievable success, surpassing my wildest hopes. I am humbled and very grateful. The book and kindle editions have sold or been downloaded totaling over 15,000 copies and...
State of the World (Self Storage World that is) – Episode 6
The State of the Self-Storage Were you at the Inside Self Storage (ISS) Convention in Las Vegas last week? After attending, I can say this for a fact: we sure are in some exciting times in the world of self-storage right now. I left the buzz of Las Vegas and went to...
Resources for Ongoing Self Storage Education
Ongoing Training In The Self Storage Industry Having come from the real estate industry, where there is one large, nationally recognized industry, The National Association of Realtors (Association leaders and statistics are quoted a lot in national press); it seemed...
Stabilized Occupancy on the Rise
Has stabilized occupancy risen higher than it was a couple of years ago? I think it has! For several years, every feasibility report I have received has indicated stabilized occupancy for facilities over 50,000 square feet, was 85%. In other words, after a facility...
CAP Rates and Buying Self-Storage
Click to view the video about CAP Rates. https://youtu.be/dSKy5_eHGBY
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