Everyone talks about Self Storage CAP rates – do those numbers actually mean anything?
I know this is close to heresy, but especially in the world of self storage, but…STOP USING CAP RATES. The way they are being used in marketing self storage today is misleading, bordering on fraudulent. Who should stop using them? Well most importantly, Buyers should...
How big should my first storage facility be? The answer is probably not what you think.
“How big should my first storage facility be? “How big a facility should I buy?” “How big a facility should I build?” If you’ve followed me at all, you know how I’m going to answer that question. Every single time I get asked. “It depends.” “It depends on what?” “It...
The Secret To Self Storage Profitability. Hint: McDonalds does it.
“How could you buy that facility that was listed at a 5.2% CAP Rate?” “I didn’t” I say. “But look at what you paid. That is much closer to their list price than I could ever pay.” “OK, but it wasn’t a 5.2% CAP rate on my income stream! In fact I think I got a...
Building Self Storage – the Unexpected Way to Success
There is a little know secret to building your self storage business most don’t think about, that can make the biggest difference in your goals being reached, or not.
Self Storage Goals: Setting vs. Achieving
So I found myself sitting down to write an episode that I have been regularly deleting and couldn’t help but ask myself what could I possible say that would make a difference for my subscribers who are getting in and/or growing your self-storage business about planning your 2016.
