Building with cash as you go sounds great but you may also find it limits your ability to meet market demand and you will spend more money developing in small phases.
My own property is in a city of 5000 people and I have grown my occupancy at an average rate of about 1,200 sq ft per month...
Steve_hajewski
Senior Member
Last Activity: 16 September 2020, 06:13 PM
Joined: 3 March 2009
Location: Columbus, WI
-
You don't find facilities full of bigger units because they make less money than smaller units. And if you have a person that needs a giant unit like that they can usually rent multiple small units. BUt if all you have is massive units and someone wants something smaller, you can't rent them half of...Leave a comment:
-
Facebook can be another way to search for them. Also try local court records (my state has a court records database online, not sure if every state has such a thing) and (sorry to sound morbid) obituaries.
I built a new facility in 2015 and it took 5 years before I had a tenant pass away....Leave a comment:
-
I've never heard of an inspector asking for this. I would suggest to join your state self-storage association and see if they will intervene on your behalf.
I normally would cooperate with fire and please as much as possible, but complying with this on a regular basic would upend the entire...Last edited by Steve_hajewski; 8 September 2020, 06:47 AM.Leave a comment:
-
I don't have this in a spreadsheet format but we have online calculators that do this: https://www.trachte.com/resources/calculator/
Use the basic version for working in terms of cost and revenue per sq ft, or the advanced version if you want to use specific unit mix qty and prices. The advanced... -
Hi Steve,
Would you happen to have a sample financial spreadsheet I can use to run my financial feasibility for a boat/rv storage facility? Or, do you know of a link that I can get one?
Thanks -
My lease says that i MAY consider it moved out if lock is off. But if there is stuff in it i am definitely calling the tenant and trying to get them to clean it out first. That close to the 1st i might just run their rent on autopay if it's still got crap in it, especially if they did not give notice....Leave a comment:
-
I bought a 40 year old fixer upper. Business partner and I have been working on door latches, new cameras, and lighting.
...Leave a comment:
-
A study can vary in scope but somewhere around $5000 to $10000 is what I'd expect. I always suggest to my customers that it's a good idea to work up a financial projection on your own first, so that if the idea clearly doesn't pencil out you might save yourself that cost.
Boat/RV storage...Leave a comment:
No activity results to display
Leave a comment: