Project Estimation Template
Whether I am building or buying a location, I always run the Estimation template to dial in whether I can or should do the project. Each of us will have our own Payback, CAP rates, cash flow models, and Tax implications thresholds; I am not covering that. This is a back of the napkin estimation, […]
No Money Down
Working with a young gentleman in Zagreb, Croatia who was seeking advice to get into the Storage business. I was mowing the next day and thinking about a business I have in Belize (higher interest rates) and also the fact this person probably didn’t have much capital. The amount of capital you have determines the […]
Zoning, I-3 Right?
Whenever I take a look at a new town to do storage, I take two approaches at the same time. Do I build or buy it? Do both of these at once and go with the one with the best return or impact. Preferably, I like to buy because this takes out the competition, greater […]
Why Storage Why Me?
First of all, don’t trust anything I say. All things related to Storage, “you” can validate. You need to own the info since it’s your money. Second, start small and make your big mistakes early.
What Size is Best For Buying Storage Units?
Thirty-foot building is the best. You can move the walls based on your actual size mix. Well Maybe: If you’re in the City and zoning requires concrete frost-free footings and hard surface roads I would do the 30’s but if you have a second run of buildings do 40’s. Your footing cost is almost the […]
Storage Security Methods
Thieves; Do you want to catch them or prevent them? Working with the law; the four steps to conviction There had been a recent School Shooting and my brother happened to be visiting. We talked about it for a while and I was giving him my thoughts since I had been on the School Board, […]
Big City Marketing
Our path, still improving. Have not cared about online presence other than Google Map pin; most of our locations are in the country (Pop 5,000), great locations, only 2 to 3 competitors. We only do Drive-up storage and no Climate controlled (don’t want to). When we moved to the big city (1mm, 112 competitors) this […]
Storage Financing For Prospective And Current Owners
Just finishing our financing on our latest location. Below are some thoughts in general on Storage financing for prospective and current owners who are looking to invest.
Storage Units Market Demand “Will they come?”
I’ll give you the tool I use, but you will have to make an investment of your own time. Otherwise you don’t own the data. Below you will find information on Storage Units Market Demand in Omaha, NE, Council Bluffs, IA, and the surrounding areas.
