I know we all may spend more time on social media than we would like to. The good news is, it's not just for doom scrolling! 😂 Our very first self storage facility came through a wholesale deal. How did that wholesaler find the deal you may ask? He sent a simple FB message to the facility page asking if they had considered selling. That's all.. The owners had just been talking about what they should do with the facility as it needed a ton of work and was being run more like a hobby than a business. So this message arrived at just the right time! Here is what you can do... Search FB for [town/city name] Self Storage. Then pull up all of the pages (not groups). Then you can copy and past the same message to every facility on that list.. Something like this: "Hi there. Just curious if you have ever considered selling your storage facility at some point? We own Chapin Storage Co. here in Kingsland and are looking to expand close to home. Thank you for your time! Shane [phone number] Quick and easy.. Nothing bad will happen! Let me know in the comments if you have used social media to contact facilities and of so, what were the results? 👇

Hello all. I am at the end of a deal that I need help to close. *This is time sensitive* I'm looking for a partner on this deal. It could be either as a debt partner or an equity partner. As a debt partner, you would get an agreed upon interest payment either monthly or at the end of 12 months. As an equity partner, you would be a partner in the deal. We could discuss what that looks like. The $110K would be for closing and closing costs of the loan. High level: The deal is in Pine Bluff Arkansas. It is currently 58% occupied, it's 152 units, current NOI $8,505, projected NOI $62,457. PP $377,500 it appraised for $480K in as is condition. This is close to turnkey as possible. I personally have $32,500 at risk in the deal. Click the link below for pictures of the facility. We can setup some time to go over my underwriting for this deal. Business Plan: Increase occupancy, raise rents to market, remove 3rd party management, Tenant insurance mandatory, reduce internet and website charges. Repaint for branded color scheme (doors only), new signage. https://drive.google.com/file/d/1yGklEazzrQaZcT8iQqt5hKyx5TmTsMyd/view?usp=drive_link

Question for current facility owners. Shane and I have never had a problem allowing our any of our BOG to have a free unit (depending on occupancy, of course). It gives them a different prospective utilizing the facility as a customer as well as an employee. Do any of you do this? If so, what issues have you experienced? Positive or Negative..

Question for the group- how soon after closing are you folks raising rents ?

Anyone deal with a seller unable to find the leases for their tenants? If so - dealbreaker? We will be getting everyone on our own new lease so personally don't think its that big of a deal but curious others thoughts