Hey Everyone, I'm curious when you're receiving financial reports from sellers do you request expense reports other that taxes on the property, insurance and utilities? Stuff like credit card fees I'm assuming a 2-3% charge on revenue so I figured I didn't need that amount.

I'm wondering for those that have bought facilities from someone, is there a time of the month you prefer to do the take over? Beginning, middle or end of the month?

Hey Everyone, I'm wondering if anyone adds a hold back amount into their psa in case of the seller is lowering vacancy rates before the sale, or if this isn't really a thing sellers do

Hey Everyone, I'm wondering if anyone has done Boat and RV analysis before and if so how did you approach it?

We closed on our first facility. Thanks to everyone in the Storage Ace community who gave some guidance along the way. I've been in residential real estate for over 30 years and thought it would be somewhat of an easy transition into self storage. That definitely was not the case. Finding the deal was the easy part (for me). But I didn't realize how much I didn't know about self storage and how much is involved after you get the deal under contract. (The following is an unsolicited endorsement). Once I got the facility under contract I joined Dave's coaching group. I decided that I didn't want to waste time trying to figure it out on my own (which I tend to do). Of all the classes, conferences, groups I've joined or spent money on over my real estate career, this by far was the best money I've ever spent. Dave, Ken & the group helped me get to the closing table. Without their assistance I would've been lost trying to put everything in place to get the facility online and start the process of turning it around. As I mentioned before, there is A LOT I didn't know about storage. A lot of details (most of them simple processes) that if you weren't aware of could cost you a ton of time and money. Dave helped with all of that and continues to help as we get this thing rolling. If you're new, serious about getting into self storage, and serious about closing on your First Facility I would highly recommend checking out Dave's coaching class so you can cut to the front of the line and get that first deal. Time to find another one...