Buying Self-Storage Companies - Any Tips and Building Network?

Question

I've been looking into self-storage companies to buy and I've gone through articles and videos on how do do it. I'm looking for people who have actually done it or are brokers that specialize in self-storage and are familiar with the markets who could give me some tips on what to look out for and how to work towards buying them. I haven't purchased any companies before so any and all advice on the process would be appreciated. There is one business in particular that has been very tempting to try and acquire, but I am not sure the next steps to actually go about doing it.

Questions like: Confirming it qualifies for commercial real estate loans (SBA), what type of network (brokers/lawyers/etc) would be needed to appraise and finalize a deal, and where to look for that network.

Account Closed · Answer

Yeah exactly or plumbing, any home services for that matter.

Account Closed · Answer

I would call as many brokers in that space as possible. Though I would say its a very saturated market nowadays I would consider something like as service based business if your goal is to get started with large cashflow

Nicolette Grannum · Answer

Thanks for the insight! I'd always felt it would be less likely to be taken seriously if I started with brokers since my questions would be more generic for the space and less...directed, I guess is the word.

But about service based businesses, you're referring to something like a lawn care or pet sitting type of thing?