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Dave's Vacation- No Power Hour is happening in 27 hours
Self Storage Auction
Hi All, So on Crexi we are seeing self storage auctions for facilities. My question is how the auctions are executed and what possible offer choices can you do. For example: 1) Can you put in a master lease agreement ? 2) Can you put in a seller financing agreement and terms? 3) Purchase Conditions: Deposits (refundable or not), Financial, Review rent roll and expenses... 4) How long does an auction for a property last? All offers come in like a silent auction. Then after 8 hrs of accepting offers, then the seller reviews the offers and responds. Or is it just a fixed price? then goes up in real time and you have to be ready with your price and conditions and submit it in. Is it free to enter an auction? Thanks in advance for the help.
Internet speed needed for security cameras
Doing some DD on a facility in a rural area. People around there use Spectrum for internet. I'm looking at the pricing and wondering which plan I would need. See below. From my research, it's not so much the download speed that matters but the upload speed for clearer and smoother videos. How do you determine how many cameras are needed and what internet speed? Also, I've heard of others using Starlink. Wonder if that's an option and how much that would be.
Internet speed needed for security cameras
Power Hour Break for the Rest of July!
Hey StorageAce Family — Power Hour Break for the Rest of July! Quick heads up: we're pausing Power Hour calls for the rest of July. No calls until we kick back off on August 4th. I'm heading out with my family for two weeks to explore Singapore, Thailand, and Hong Kong — a little well-earned downtime before we dive back in. While I'm away, don't put your goals on pause. Keep analyzing deals, keep having conversations with sellers, and keep taking action. Every day you wait is a day someone else closes the deal you could've had. Wishing you all a wonderful July — rest, recharge, and come back ready to make August your best month yet. See you on the 4th! Dave P.S. If you're serious about getting your first (or next) facility under contract and you want the plan, the tools, and a community of investors — plus coaches who've done 25 deals between us — grab a time to talk with Ken and me here: Book a Call
Sq Ft Per Capita
I have a question about evaluating self-storage markets. If I find a facility where the 3-mile radius has favorable square feet per capita, would you still consider it a strong acquisition opportunity even if the overall metro or larger city is considered oversupplied? I'd love to hear how experienced operators think through this.
Why do you think all the good deals are already gone?
That's the belief I hear more than any other from people sitting on the sidelines. "The market's too competitive. Brokers only send deals to their big buyers. Everything on LoopNet is overpriced." So they wait. And wait. And a year goes by with nothing to show for it. Here's the truth: most of the deals I've bought across my 8 facilities never hit the open market. They came from direct mail, cold calls, driving back roads in small towns, and broker relationships I built one coffee at a time. The sellers who are ready to move on aren't listing with a broker and shopping for the highest bid — they're tired, they're aging out, and they're waiting for someone to pick up the phone. You just have to be the one who calls. I broke down my exact cold call approach here using what I learned in 23 years of sales: https://youtu.be/d1zjg5oXny0 The competition isn't the problem. The channel is. If you're only looking where everyone else is looking, of course it feels crowded. Build a multi-channel system — mail, calls, driving, broker relationships, even a $50 Fiverr scrape — and deal flow stops being a mystery. If you want the full framework I use, the Blueprint walks through it step by step: https://drive.google.com/file/d/1wkUwltCW9wk7LbsoddYwTfTFn5UgMg2x/view?usp=sharing What's the belief that's been keeping you from picking up the phone this week? Dave "Dial the Deal" DeMink
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