Self Storage- Rate management
Monday, October 18
Made a rate management change going into Fall/Winter. We are in Iowa, around December through mid April, new rentals pretty well shut down due to the weather. One of our new locations is in a competitive market and a new location built about 1 mile away. They have been offering 4 months free, ...
Self Storage- What is the best City in the US to invest in?
Friday, October 08
We have 8 locations in 5 towns/cities. We use a 40 mile radius in which to build or buy. So I have never wondered what town/city was the best in the US to invest in, all this time. Helping some folks out, I named a few. Later thought I didn't really give them any affirmable information. Bein...
Self Storage- Is now a Good time to invest?
Friday, October 08
Is now a good time to invest in Self Storage, looks like it is saturated? I will get this question every once in a while. Like any Real Estate investor, my canned answer; what do the numbers say? "Any time is a good time to buy or build." The last person that asked me, who is in Real Estate, s...
Belize Teak Plantation
Thursday, September 30
Actually started this venture about 3 years ago. I might get some activities out of time sequence. Sit back and grab some popcorn. I will chop this up into smaller segments, so each one isn't too long of a read and has a central theme. Both Retiring and doing Self Storage, we hit the mark where...
Self Storage- LLC Operating agreement
Thursday, September 16
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement". Attached below is a redacted copy. Virtually anything can be written in to this agreement. Who can open bank accounts. Who can do loans. Double approval of all documents....
Self Storage- Establishing an LLC
Thursday, September 16
Working on some Banking requests, will drop a post on LLC's. You can google why do an LLC. Attached is our LLC Certificate redacted. If your going to do an LLC, get it set up before you start doing all of your contracts, accounts and paperwork, so you don't have to re-do them all. Your Attorney, ...