RHS_TX
Senior Member
Last Activity: Today, 08:48 PM
Joined: 22 May 2021
Location:
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Walk him outside, point him toward the north, give him a swift kick in the a$$... -
I've got a tenant in one of my facilities with 8 units and none of them are even half full. Really odd situation, but he always pays on time so I don't ask any questions.Leave a comment:
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Maybe it was him and he faked the theftLeave a comment:
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Bottom line: storage is way overpriced right now because it's performed incredibly well through the pandemic and all of the market uncertainties that we've been dealing with. A couple of options for you, as I see it:
1) Come up with more cash down and lower your debt - maybe take on an...Leave a comment:
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So, I'm seeing a discrepancy in the numbers between the left P&L column and your rental rate breakdown on the right side of the sheet.
Is the left column "actual" Per Annum rents at $345k, and the right side table "pro-forma" rents at $391k?...Leave a comment:
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We bought our facilities (as opposed to buidling) so we had a few legacy tenants that weren't into computers. I have paper copies of their leases and mail them the occasional notice, but that's pretty much it. Texas allows us to email pretty much all correspondence so I rely on the software for notifications,...Leave a comment:
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I call a junk haul service. Usually around $50 for a small unit, and maybe $200 for a big one. Well worth it compared to my time and cost to rent a trailer, pay dump fees and load/unload that crap myself. Maybe part of your business, but not mine.
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I've had these same thoughts: are auctions worth the hassle?
But then I remind myself: I'm in the storage business, not the junk business, and auctions provide means for me to avoid being a junk hauler.Leave a comment:
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I have the first one (Durabox) and it leaks like a sieve. I only use it for lock returns, and it's mounted under an overhang, but it still catches windblown rain....Leave a comment:
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My fences are 6 foot chain link and I've never had a break-in. I do have barbed wire on top but these days I think that's over-kill.
With so many battery operated cutting tools and angle grinders available, today's thief is a lazy SOB that will likely cut your fence instead of trying to...Leave a comment:
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So, it appears that a number of y'all allow the tenants to go into a second month past due before starting lien proceedings. Do any of those tenants ever come up with the full balance due after letting them go that long?...Leave a comment:
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My grand pappy always said, “Ye plant taters, ye get taters.”Leave a comment:
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UPDATE: the elderly fella forgot that he had given his grandaughter permission to pay storage rent with his credit card.
So this was a good lesson learned for me, and TSSA's advice was spot on: never make assumptions on someone's private/financial situation. Granted, this girl has been...Leave a comment:
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I've got an eletriction with 2 big units and he's storing dozens of Generac generators. He's in and out of the facility at least 3 times a week pulling out one or two for installation. I guess we've got lots of "preppers" in central Texas, or folks still nervous about the power grid failure...Leave a comment:
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Yep, I'm cash only once lien starts and I also disable their system login on that date. But this gal snuck in with the stolen card about 3 days before she would have gone into lien.
And given her history of slow-pay with the previous owner, I remember thinking when she paid with that card,...Leave a comment:
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Yep, that occurred to me as well....Leave a comment:
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Tenant paid rent with stolen credit card
Hello all,
Here's one that I havent yet been faced with.
A legacy tenant in the facility we bought last fall had a history of slow-pay. Lots of excuses and typical blather: check's in the mail, dog has covid, tornado hit my bank, blah blah blah....
In December...Last edited by RHS_TX; 11 January 2023, 01:51 PM. -
Yes, I sent video clips to the local police chief and he has assigned an investigator.
I've read/heard multiple reports that animal abusers turn into mass shooters, so this one really creeped me out....Leave a comment:
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No, you're looking at a property that's ridiculously over-priced. A lot of these brokers tend to price properties based on pro-forma performance instead of actual value. In other words, they're telling the property owner, "It's okay that you're awful at managing storage, here is what your property...Last edited by RHS_TX; 9 January 2023, 10:07 AM.Leave a comment:
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Caught on camera
Okay folks, post your clips and screenshots here of the oddities you've captured on camera.
I'll start with this tweaker chasing a cat through my facility with a Bowie knife...
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