If you are just getting started in this industry, the ISS expo last week was a great place to start. I don't think you have to have 500-600 units, especially if you are open to any market.

I think a hands-on approach is always best for someone new to this industry. Be a student. Know that success takes a willing investment on your part of time and effort. Whatever market you consider, you will want to know the crucial details about your competitors, the existing management structure of the site, and what upside potential exists in the deal.

For the record, there are a lot of facilities out there, which are very profitable, and very strong competitively , that have more than 1 competitor per radius mile. It just always depends on the market, and how you approach it. New York City is a different animal than rural Iowa. But projects in both markets might be equally profitable, depending on how the business is structured, managed and marketed.

If you can quantify your investment potential, understand and mitigate your risks, qualify a potential market/location, and define a well-structured management & marketing approach, you'll be in good shape to make a good decision on a potential acquisition.

__________________
Ben Burkhart
BKB Properties, LLC
StorageStudy.com
804-598-8742

Great thanks for the info and the guidelines.

The Expo was a great source of information. I'll be doing lots of research to make sure that I find the right property.


Thanks again