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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
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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.
Comping to U Haul
Hey All - I am looking at a market where UHaul controls my corridor (3 of the 5 facilities). The facilities all appear to be doing well (mine is 94% occupied). I've seen in many markets, including this one, that Uhaul has the highest rates (by a mile). Uhaul prices ~60% higher than the rest of the market & still appears to rent. I'm curious - how do people view UHaul as a comp? My gut is that there is definitely a nice in-between spot on rates between Uhaul & where my facility sits. However, I also suspect UHaul gets such high rates due to the additional products & services they offer (namely: U Haul trucks). How do people think about comping to UHaul?
Just Joined - Intro
I'm a retired engineer IN Texas. My Marine veteran partner, Cassandra Avila, and I are actively looking for self storage assets for cash flow. FYI, we connected via Skool in another group and really hit it off. Networking works! I've already seen some tremendous value in the classroom calls I've listened to so far. Looking forward to much more!
Introduction
Hey everyone, my name is Jeff. I’m excited to be here and ready to learn. I’m currently working on building new income streams and creating more financial freedom in my life. Storage facilities caught my attention because of the long-term potential and scalability, so I decided to dive in and really understand how this business works. Right now, I’m focused on learning the fundamentals—how to find deals, analyze numbers, and eventually acquire my first facility. I’m not afraid to start small, I just want to start smart. Looking forward to connecting with others here, learning from your experiences, and taking consistent action. If you have any advice for someone just getting started, I’m all ears. Let’s grow 🙌
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