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Owned by Shane

A community helping people break free from the rat race and build real freedom through self-storage investing.

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127 contributions to Freedom Through Storage
RODENT BAIT STATIONS
RODENT BAIT STATIONS - are folks using rodent bait stations at their facilities? Is it actually a good preventative measure? Have them at one, dont have them at another - debating what to do on our third that we're closing on soon. Thoughts?
1 like • 28d
Bait stations are like cameras to me. Good to have and will probably help. But they both will make customers feel better about your business.
Doing competitive analysis for unit sizes competitors do not have.
Doing competitive analysis for a facility. This facility has odd sizes that the competitors do not have. How do I compare the prices since the competitors do not have the same sizes? Just get the average $/SF of each property and use that to calculate the price for each of my sizes? Use all sizes to get the average price/sf or just use 10x10 and 10x20 (maybe one other size) to get the average price/sf?
1 like • Jun 11
Get at close as you can to the market average price per square foot. For comparison, just look at the closest size to what you have. For example, I have 10x12 units that I run close to the pricing of the 10x10 units in the market.
0 likes • 28d
@Aldo Chandra Great advice!
LOI structure that's actually worked for a wholesale-style seller conversation?
Saw Daniel's post asking for an LOI template further down the feed and it made me realize the LOIs we use on the house side probably don't translate cleanly to storage. On distressed houses our LOI is short and blunt because we're usually the only offer on the table. For storage, sellers are more often talking to brokers and comparing multiple offers, so I'd guess you need more in there - financing contingency language, DD period length, whether you're underwriting off trailing-12 or in-place NOI. For anyone who's closed a few of these, what actually moves the needle in the LOI itself vs. just being the offer with the fewest contingencies?
1 like • 28d
In my experience the 3 main things that will “move the needle” are: 1. Price 2. Strength of the buyer 3. Timeline to close In the LOI itself, you don’t really need to get into your underwriting. I usually run my offer by the broker verbally just to see if I should put in the LOI. Then I give a brief explanation of my underwriting and how I came to my offer in the email along with the LOI.
Google My Business
How how you all handled setting up a new GMB page with a facility that already has one (but not good reviews) and we are rebranding? Do we need existing owners to remove their GMB page first?
1 like • Aug 10
You can request to take ownership of their current page, then close it down once you have control. You can also pull up their Google page, suggest an edit and then click on "place is closed or not here".
Property Insurance
Who is everyone using for property insurance for their storage facilities? Need some recommendations...thanks!
Property Insurance
1 like • Jul 23
Ive used Brian Bognadoff and Derek Gariss over at storable a few times and they seem to find a good premium. However, with the goal of completely separating from Storable, I would like to find a new option in the southeast as well.
0 likes • Jul 23
I’ve heard a few people mention the SBOA but I’m not 100% sure if they offer property insurance.
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Shane Chapin
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@shane-chapin-8505
Helping people escape the rat race and build real freedom through self-storage investing. You dont need another spreadsheet...you need a Mentor!

Active 8d ago
Joined Dec 8, 2025
Kingsland GA
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