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StorageBuddy
Junior Member
Last Activity: Yesterday, 03:35 PM
Joined: 6th December 2018
Location: East coast of US
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  • Crickets......crickets.... Remember Tom Cruise in the movie Jerry Maguire (...You complete me....You had me at hello)?. He writes a mission statement full of passion and is met by an entire firm of silence.

    I guess people who have already built their facility see greenness as an unaffordable...
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  • StorageBuddy
    replied to Market saturation???
    Building in small increments is a great strategy. Like I say, if you have adequate liquidity your debt can be lowered. When your competitors start lowering prices you know the market is starting to get saturated and you stop. Anyone is smart to have expansion room.
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  • StorageBuddy
    replied to Market saturation???
    Wow, 7 SS facilities in one seasonal town and they're all full. That' amazing! If you've been in your market a long time and have a good feeling for what's happening, I'd think that your gut is the best thing to ascertain the market. I would not pay for a market study because I think most of those...
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  • Cap rates can be manipulated like everything else because it's based on the difference between gross income and expenses. If the seller underestimates expenses or changes his loss rate or underfunds the expense of replacement reserve account or increases his average occupancy percentage then the profit...
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  • Can I resurrect an old thread? I'm a big believer in green building design. But as a private landowner I don't have time to get a LEEDS certification. I think green design (if done right) makes a world of difference in curb appeal and separates your project from everyone else. Our hardest job (marketing)...
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  • StorageBuddy
    replied to Newbie doing RV and storage park
    Oops, I meant to write J*nus, not the way it came out. I have nothing but respect for the quality of their products.
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  • StorageBuddy
    replied to Newbie doing RV and storage park
    I'll learn about democraphics soon enough. I'd be happy to tell you about my location but please understand that I want to unveil at just the right time. I studied self storage units in college (back then we called them mini-warehouses), but I've forgotten 98% of what I learned then. Maybe 100%,...
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  • StorageBuddy
    replied to Newbie doing RV and storage park
    Thanks again, pacnwstorage. My guess is that 150 RV's/boats isn't a large enough market to provide consistent sales, but I will defer to those that know the RV community better, like you do. I can certainly see the need for contractors in the neighborhood who will come by on short notice for detailing,...
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  • StorageBuddy
    replied to December 7th
    Hear! hear! I loosely quote Stephen Ambrose who wrote something like ďthey left their farms and small towns, fought two of historyís most brutal dictators, then came home, picked up their tools, and got back to work again.Ē

    Iím probably misquoting him but that was the gist of it.
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  • StorageBuddy
    replied to Newbie doing RV and storage park
    Do you mean Post Office Boxes? I guess I could do that so RVers can pick up their mail from a convenient spot. In that same vein, waxing and detailing would pamper clients too in an expensive market like mine. Thanks. Now I can go to bed because Iíve learned a new thing today! Anything else?
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  • StorageBuddy
    replied to Newbie doing RV and storage park
    Thanks for the good advice. Iíd be happy to have a little onsite store but Iím not sure if 150 RVs is enough of a market. Maybe as I approach full buildout and have several hundred storage units too. I can certainly see some vending machines but need to look into ice machines and such. I know very...
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  • StorageBuddy
    started a topic Newbie doing RV and storage park

    Newbie doing RV and storage park

    Hello folks, Iíve got a little over 6 acres of heavy industrial (M1) property in a large east coast market. Forgive me for not disclosing specifics until I get closer to a grand opening. After Buildout I will get an on-site manager and supervise him/her part time. I intend to have outside storage...
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