Financing a self-storage acquisition has never been simple, though it can be time-consuming. Knowing about the loan products available to buyers and understanding the process will help. The first step is determining which financing best suits your needs is to define your investment goals. These days, it’s easier to buy an existing facility than to
In this week’s video, I share a few tips on how to find private investors to fund your self storage acquisitions. The biggest question of all is usually “Where do we find money?” How do we find and prequalify those who may be interested in investing? The answer is easier than you may think; it’s the
I realize that running a self storage business is not easy when you’re mostly trying to rent units, but self storage facility owners need to also avoid legal pitfalls to make sure they are complying with all of the laws involved with having employees. This article will discuss a few topics about employment law and the risks
Most of the folks in the self storage industry have seen or heard a number of articles – whether located in blogs, chat rooms, etc. – about the war on the aggregators right now, which is being led by one self storage operator in Texas. During this controversy, I’ve been sitting back in the sidelines, talking
In 2012, the self storage business reached $2.1 billion in sales. This number, along with the business’ minimal planning for tenants to rent space, has attracted investors who are looking a way to expand their business operations. With eyes on the prize, there is no surprise why there are investors who don’t even know what self-storage
We’ve had a lot of visitors to our website seeking information on Self Storage Franchises. I posted a video on our YouTube channel where you can learn everything you need to know. Check it out below!
You’ve probably read from Inc. Magazine or Wall Street Journal or Entrepreneur Magazine why self storage is the fastest growing sector of real estate and small business in the U.S. over the past several years especially during this recession. I was like you several years ago, an almost bankrupt landlord in the tenant-toilet business with over 400
In the last decade, the most profitable and sure-fire real estate investment was not grand office buildings or trendy restaurants or luxury resorts – it was simply just self storage. Self storage continues to grow year over year mainly because of two things. First, Americans move a lot. There are only a handful of families
“Hey, have you heard of *business name*?” “Who what now?” Novice business owners might think that it’s a waste of time, but marketing plays a huge part in any form of business, even in the self-storage industry. It won’t matter how good your product or service is, if they haven’t heard about it, no customers.
With the current strain that the economy has caused many businesses, it’s not hard to see why many have began to broaden their horizons. In uncertain times, small business owners are the first to realize just how much a bum economy can affect their profits. And as property owners, their services may be some of
All Across the United States, entrepreneurs are talking about the self storage business. The word is out that investing in the mini storage business can be very profitable. And it’s not just the experienced investors that have their eye on the Self Storage Business prize. With lower building and management costs than virtually all other
Has the ongoing recession and lack of development capital left you wondering how to get into Commercial Real Estate? Well one strategy that some investors are beginning to consider is investing in Small, Class C Self Storage Facilities – many of which can be bought for less than the cost of a Single Family Home.
