Investor · Allentown, PA · Member since 2016 · 100 posts · 65 votes
What's up BP folks...Any self storage investors on here? I am curious about the space and looking to learn more about it. Specifically how you underwrite your deals. How you manage them once acquired. Etc. I've searched the forums and haven't seen a ton of information. Anyone who could provide any information would be greatly appreciated!
I'm glad you have asked these questions, @Matt Bertsch, as I am interested in self storage units as well. Looking forward to seeing what kind of feedback you receive!
Hi @Matt Bertsch, I am in SS. It’s a great investment. SS is much more of a retail business in comparison to MF but still a great investment and I will continue to invest in storage. Understanding how to underwrite any piece of real estate is probably way too detailed to try and post in this thread. I would recommend searching YouTube. Plenty of good stuff out there. Get in touch with @Scott Meyers, or @Michael Wagner. They offer a lot of info specific to SS.
Zach, Justin and Michael...thank you for the input. I've heard great things regarding the space and there's a property for sale here in my local market I am interested in. I've only ever analyzed SF, MF and Flips. I imagine analyzing self storage is rather similar to analyzing multi-family?
Zach, Justin and Michael...thank you for the input. I've heard great things regarding the space and there's a property for sale here in my local market I am interested in. I've only ever analyzed SF, MF and Flips. I imagine analyzing self storage is rather similar to analyzing multi-family?
Yes, quite similar! Start at the oldest blog posts as there is one from several years ago that will walk you through it!