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FIRST FACILITY

46 members • Free

StorageAce

305 members • Free

6 contributions to StorageAce
How Many & Where?
Looking for suggestions on number of cameras and placement. Fence and gate going up soon. Thanks
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How Many & Where?
First Facility
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...
First Facility
Registered Agent
Anyone have a recommendation for a Registered Agent in Wyoming?
0 likes • Oct 2
Got a referral in Storage Rebellion for https://andersonadvisors.com/ I ended up using them. They charged $195. Was fairly simple.
Feedback Please...
Thoughts on this logo design for D'Lo Self Storage? (It's located in the town of D'Lo)
Feedback Please...
2 likes • Oct 1
@Lawrence Galiano Gemini
1 like • Oct 1
@Anthony Kusky ChatGPT is horrible. I got tired of calling it an idiot. 😂
ReTrade Win
Site visit revealed some damage (max $3-5k in repairs) to some units and a lower occupancy (approx 20% less) than stated by the seller. I sent an emailing to the broker detailing the unexpected necessary repairs, the lower occupancy observed, along with about 40 pics of the issues. I also sent an addendum reducing the sale price by $20k (10%). Seller agreed to new price, which is $85k (33%) lower than the list price. Currently under contract at $19.44/sqft. Always ask for what you want. Never know what their true motivation might be. The worst they can say is no. (Kinda kicking myself for not asking for more 😂😂😂)
1-6 of 6
Britt Raynor
3
41points to level up
@britt-raynor-6773
New to self storage. Working on finding the first facility. Currently operate a house flipping business.

Active 2d ago
Joined Jun 11, 2025
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