hey gang I wanted to share a victory with the group: we closed on our first storage deal! It took a couple of months of grinding it out searching for a seller who would sell on [really good] terms but it paid off. here's the deets: about 48ksqft fairly recent construction (less than 5 years old) 50% occupancy!!!!! it's a value add play. I wanted to get into it as cheap as possible, and somehow avoid negative cash flowing (big ask, I know...) we were able to get in it for 40k down and interest only payments for 5 years that lined up with the *current NOI* <---yes you read that right, the CURRENT NOI. so day 1 we break even... on a nearly 50ksqft facility that's only 50% occupied... and we have 5 years before we have to cash the seller out.... for 40k down. it took a lot of grinding but we finally got the first deal in the books. now comes the "figuring out how the heck to run a storage facility" part. then it's back on the phones looking for deals 2 through 100,000+ :o] wish me luck

Submitting my first LOI on a storage deal — and wow, the nerves are real... but so is the excitement. It’s been a journey learning how to underwrite, analyze returns, and craft offers (thanks ChatGPT) — and I still have so much to learn. But today feels like a milestone. One step closer to real momentum. 🙌🏼 Appreciate this community more than you know. More updates to come as I continue to sharpen my numbers and confidence in this space. Let’s build something big. 💥– Jen

After a decade as a residential real estate agent, I’m now shifting my full focus to the storage space. I’m here to collaborate, connect, and create real momentum within the storage community. I’m based in Utah and have been actively reaching out to owners across UT, CO, and NV. Let’s connect and explore ways we can support each other and grow together in this space! (801) 928-8120