Pinned
Nov 6 •
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...
Pinned
Sep 4 •
Check out this storage win 👇
Hello, StorageAce Fam - I just shared something on Facebook that I think you’ll want to see. Back in April, I closed on Beckley Mini Storage.Six months later → revenue is already up over $4,000 per month. That single change created about $600,000 in new value. And here’s the kicker…I pulled the screenshot straight from my facility management software and posted it. No fluff, no theory — just the real numbers. 👉 https://www.facebook.com/demink/posts/10162213977617153 If you’ve ever wondered what this game looks like in real life (not just in theory), this is it. Talk soon, Dave P.S. The chart says it all. Go take a look.
2d •
Facility take over time
I'm wondering for those that have bought facilities from someone, is there a time of the month you prefer to do the take over? Beginning, middle or end of the month?
18h •
Introduction
Hello, I’m Jeff. I’ve been investing in real estate for the past 10 years and found my way into self-storage about two years ago. My son and I purchased a 100-unit facility in Texas that was in rough condition—both physically and operationally. Over the past two years, we completed a $350,000 renovation, brought the facility from distressed to 90% stabilized occupancy, and recently refinanced the property. The process taught me a tremendous amount about what to do, what not to do, and how to operate efficiently in this industry. I’ve developed a deep appreciation for the self-storage business model and the operational systems required to run these facilities successfully. Now, I’m focused on scaling, acquiring additional facilities, and helping others avoid the mistakes I had to learn the hard way.
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