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StorageAce

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28 contributions to StorageAce
Rude broker
I asked three years of p&L and questioned why there wasnt any utilities, marketing, internet phone expenses, etc? However the broker didnt send me what I asked, instead he litterly told me, use number xx for income, use xx for expenses, and vacancy is xx. P&L was same for past three years. If i want to submit offer then contact him. I may do a back of the napkin underwriting, however how can I get a loan based on such a limit information?!
0 likes • 19h
@Ken Holmes I followed up on him, but receievd no response. I might have to call him. I dont like calling people~ which is my roadblock. Thank you!
Florida storage
Hi all, I noticed the tons of Florida storages "flooded" to the market. I know insurance has become an issue in that state, but is it still worth exploring certain areas? Thank you all!
1 like • Oct '25
@Dave DeMink Happen talking to another big storage investors in FL, like you, he owns many storages. said the same thing. Thank you!
Crime rate
When I analyze storage markets, the first thing I look at is the crime rate in that area. For a long time, if I saw the crime rate was higher than the national average, I automatically passed on the deal. Out of curiosity, I checked the crime rate in my own city today—and I was shocked to see it’s actually higher than both the state and national averages. Maybe I have lived in the bubble! I guess from now on, any market with a crime rate lower than 62 is going to look good to me!
Crime rate
0 likes • Oct '25
@Dave DeMink True. I agree. I might really missed a lot of opportunity. Thank you Dave!
0 likes • Oct '25
@Lawrence Galiano I agreed 100%. Unless the whole city is a war zone, otherwise I should look into it more.
SBA + owner carry model dead?
Does anyone know if this model still work or dead due to the new SBA regulations earlier this year?
Loans
So I've been doing some research and asking banks about loans. I guess Facebook really does listen in because now I got these 0 document loans for 250k dollars with no credit pull and no questionsasked ads popping up. Are their really loans like this or these a scam? Kind of enticing in my situation but also don't wanna be burned.
1 like • Jul '25
Does it sound too good to be true? Your gut feeling is right. I would stay away from those loans. I know PML does loans like that, but you must know them well.
1-10 of 28
Ashley Zhang
3
20points to level up
@ashley-zhang-4528
Real Estate accountant and investor.

Active 19h ago
Joined Feb 10, 2025
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