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💰 Self Storage Power Hour 💰 is happening in 4 days
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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.
🔥 This Week’s Storage Power Hour Was a MASTERCLASS (Replay Now Live)
If you missed today’s call… you missed wins on wins on wins — and some of the most practical storage education we’ve ever packed into 60 minutes. Here’s a taste of what went down: 🚀 Real Member Wins• Tracy’s LOI turned into a send me the contract moment• Scott’s old facility got new signage + full-site upgrades that instantly boosted value• Ben announced a $150,000 valuation jump on his first deal — and is now prepping his first full-cycle exit• Cedric’s under contract and deep in due diligence• New owners sharing real-time rent raises, cap-ex wins, lender conversations, and acquisition updates 📈 Deep-Dive Training HighlightsWe broke down:• How to use NOI and cap rates the right way (and avoid rookie traps)• When rent roll ≠ revenue — and how to underwrite correctly• What expenses buyers actually use to value your deal• How to comp a market using TrackIQ, Google Maps, and roof-measuring like a pro• The “secret move” that finds hidden facilities not listed anywhere online• When to form your LLC during due diligence• Real talk on branding multiple facilities in the same town• Creative financing, investor psychology, and scaling from Deal #1 to Deal #3+• And yes… the frozen turkey story made an appearance 😂 💬 Massive Takeaway:This call revealed EXACTLY how StorageAce members are buying their first facilities in 4–6 months — and why three members have closed deals in the last 120 days. If you’re serious about buying your first facility… watch this replay. https://www.skool.com/storageace/classroom/7fa63ee1?md=e343d0dcf5cd4098bcbe3c07c396ced4
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LENDING
anyone have good a good lender recommendation for TN?
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Tuesday Storage Power Hour in 15 Minutes
10am MST today Let's level up and win together!! https://us06web.zoom.us/j/89654514255?pwd=txJtbav30mochXjderlUSzbpo6bntF.1
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