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Owned by Dave

StorageAce

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StorageAce empowers you to build a cash-flowing self-storage portfolio, offering tools and systems for financial freedom on your terms.

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50 contributions to StorageAce
Side Effects (Monday Mindset, delivered on Tuesday :))
After watching a recent commercial from a big pharma company and listening to the exhaustive list of side effects, I decided to flip the concept of side effects upside down. Rather than list more negative consequences, I thought through the positive side effects of investing in self-storage. I think you will love the list. Check it out: https://www.skool.com/storageace/classroom/6d0a121a?md=dfe7175a40c5427eacc6ecd263f605ff
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1 like • 6d
@Jill Schmieding 100% - their inventory changes all the time. And if they come across a small deal they can disposition quickly because they know you are a buyer with matching buy box, they will call.
1 like • 6d
@Sebastian Roy we’ll see. But an example of a making deposits and “being the bear”
Are you getting better today/this week?
“A good plan, violently executed right now, is better than the perfect plan next week.” George Patton, American general
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New comment 7d ago
0 likes • 7d
Said another way - TODAY!!
Quote of the week!
choose wisely!
Poll
4 members have voted
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New comment 7d ago
Quote of the week!
1 like • 8d
I thought I was too old to jump off a mountain, then did it last week at a mastermind event in Seattle.
Minimum Market Population Size?
Hey everyone 👋 I'm curious what your desired population size/square mile is to feel comfortable when underwriting facilities? I've read in AJ's book that they look for markets with 10k people/square mile (so 30k-50k population in a3-5 mile radius of a facility). Now I know AJ's team is buying in larger markets and he even started out in small towns, but what do you consider TOO SMALL?? For instance, I looked at a facility today with less than 1k people in 1 mile radius, 3k people in 3 mile radius and 5k people in 5 mile radius... The facility looks attractive due to lack of website, Google listing, secure facility, etc but I'm thinking the population is just too little. The NOI is stated to be $67k btw 💰
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New comment 4d ago
1 like • 8d
@Sebastian Roy - sorry for the delay on this, but I think the way to look at this is how the facility is performing today. If this one you are looking at has 3000 people in a 3 mile radius, that means (rule of thumb), that the market could support roughly sq ft of storage (8 to 1). Generally speaking, rather than having a hard/fast rule, run the numbers, check occupancy, and and dig in at other facilities in the market (confused renter calls). If this is the only facility in 3 miles, and is 10,000 ft (when the market could support 24k), it could be a home run. This deal, specifically, seems interesting. Pursue it!
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Dave DeMink
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15points to level up
@dave-demink-7753
After 23 years in sales, I built a 150k sq ft self-storage portfolio that let me leave my W2. Now, I’m here to help others achieve the same freedom.

Active 4h ago
Joined Aug 28, 2024
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