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3 contributions to StorageAce
Working a deal
Hello all, I am new to the self storage world and looking at a property. Just thinking about putting in an offer has my emotions riding a roller coaster. Looking forward to touring the facility this week.
0 likes • 7d
@Dave DeMink The price was too steep. The margin was so thin I would be operating in the red until I was able to create more revenue through expansion. In the OM, the residence said it could bring in $2500 a month but comps in the area show $1900 - $2100 for similar houses. The loss of $6k a year from their projections meant I needed to offer less than what they were asking and the seller wasn't willing to come down in price enough to accommodate the loss in revenue.
0 likes • 6d
@Dave DeMink I did factor in future NOI appreciation through improvements and rate management. TPP, I leaned on AI to help with that. I did not know the residence is not worked into the NOI. I just accepted the info that was given by the listing agent a ran with it. Thank you for that info.
Storage Power Hour at 10am MST today
🚀 Curious about owning a self-storage facility but don’t know where to start? Every Tuesday at 10:00 a.m. Mountain Time, I host Self-Storage Power Hour — a completely FREE, live, interactive Zoom call designed specifically for people who don’t own storage yet but are serious about getting in the game. In 60 minutes you’ll get: - Your questions answered — real Q&A, no fluff - My playbook — how I went from 0 → 9 facilities in 4 years - Hard-won lessons that led to time + financial freedom - Community — usually 15–25 motivated people each week If you’ve been studying, lurking, or overthinking… this is your next best step. Join us this Tuesday at 10 a.m. MT — it’s 100% FREE.👉 The Zoom link is in the first comment below. Bring a question. Leave with a plan. Here's the link: https://us06web.zoom.us/meeting/register/tZ0rcu2trz8oH9FjCs8GSoitYx2t6zIrMeP7
0 likes • 25d
I am an over-thinker so this will be good for me!
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
1 like • 25d
Awesome, congrats Britt!
1-3 of 3
Richard CouchSkool
2
15points to level up
@richard-couchskool-8984
From IT to trading full time. I decided to up my game and join a community. Gone are the days I trade and learn alone!

Active 1d ago
Joined Nov 10, 2025
Nampa ID
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