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 💰

I have shared my thought here in being persistent and YES, I practice what I preach. Example: I lost this deal three weeks ago because I moved too slow I was really annoyed I followed up with the broker weekly Professional, but persistent - but made sure he knew I wanted it Got this message today $1.375M purchase, conservative underwriting gets it to $2.1M in two years LFG!!

And then please share… What is the #1 question on your mind right now when it comes to self-storage that I can help you with?

Good afternoon StorageAce community. So I have heard over and over again about using a CRM in order to create deal flow/funnel. So I would like to hear some recommendations. Share what your using and which works best. Thanks in advance and remember, Let's get after it!!!