by Mark Helm | Dec 19, 2024 | Buy Self Storage
How many times have you found a self-storage expansion deal, calculated the expansion amount you can add to the facility, and run the numbers, but it still does not work because you can’t get enough new square feet in the project? This has happened several times to...
by Mark Helm | Nov 22, 2024 | Buy Self Storage
I just saw a news article, “Self-Storage Manager Accused of Embezzling $53K From ______ Mini Storage.” I also remember buying a facility showing $73,000 or so a month in income. During the due diligence period, I couldn’t understand because I was estimating we would...
by Mark Helm | Nov 15, 2024 | Buy Self Storage
I see a common mistake today as I work with people who are getting into the self-storage business. Especially people getting in their first deal. They will underwrite a deal using the downpayment amount a bank quotes. Often, this will change them, and they are left...
by Mark Helm | Nov 8, 2024 | Buy Self Storage
When I first entered the self-storage business, when I thought about “marketing,” the question was, how big a yellow page ad can you afford? People often named their facilities with an “A” in the first part of the name because it would show up early in the yellow...
by Mark Helm | Oct 25, 2024 | Buy Self Storage
I am sitting here in the last quarter of the year in 2024. There are some really exciting aspects of our business as I look into the future, and there are some real risks. I am planning out my next few years for myself and working on what I can tell people I coach and...
by Mark Helm | Oct 18, 2024 | Buy Self Storage
I have made many mistakes in my self-storage career, but one of the biggest I made early was when I purchased an existing facility with a record storage business. I am writing this because I have seen and worked with a lot of people buying self-storage projects with...
