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tpuffer
tpuffer
Member
"My goal is to have $100,000 in cash flow from self storage by July 31, 2018."
Last Activity: 17th May 2018, 06:45 AM
Joined: 28th July 2017
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  • Saying require to a customer will leave a bad taste in their mouth and is a tough conversation for you, the manager. It automatically puts the customer on edge.

    I have StorSmart Insurance at my facility. And it's not a required insurance program. It's a matter of having a conversation with...
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  • Dee - Welcome to the industry! Where is your facility located at?

    One thing to think about with Easy Storage is the call center aspect if you ever wanted them to assist you if you needed. Are you going to have an on-site manager?

    You'll find we are all willing to help and share...
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  • tpuffer
    replied to 80% occupancy rule
    Let's say you have 100 units. If you rent each unit at $10 per unit and are 100% occupied then that's $1,000. Now let's say you start charging $15 and that lowers occupancy to 90%, or 90 units. Now you have 90 units at $15 per unit which is $1,350. You make more income by having slightly higher rent...
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  • Welcome to SST!

    It can vary widely from company to company. You can discuss insuring the building at 80-90% of the replacement cost amount that the company is suggesting and ask if they would still give you replacement cost. That is what I did for my buildings.

    What part of...
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