Delegation: Why it might be the key to your success!
Friday, September 08
When you are trying to add a new business to your current schedule or increase the amount of business that you are doing, there may not be enough hours in the day to accomplish everything. If this is the case, then you may need to delegate some of the more mundane tasks to someone else. There a...
Understanding Motivation Helps You Create Price & Terms
Wednesday, September 06
One of the first things that you need to determine about a self-storage seller is their motivation. The reason that they are selling a property will affect your offer. When you understand what their underlying reason for selling is, then you can put together an offer that will meet their needs. ...
What to Do If Your Self-Storage Property is Failing!
Monday, September 04
There are times when your self-storage property doesn’t perform the way that you thought it would. When this happens, you have a few choices. You can give up and sell the property for a loss or you can make some changes. You never want to stay on the path that you are on. Nothing will change f...
Determining the Down Payment for Your Self-Storage Property
Friday, September 01
Commercial loans come in every size, shape, and package that you can imagine. They are specifically tailored to your property. As a self-storage investor, you don’t need to know about every loan program that is out there; however, you do need to know some of the basics, and you need a really good...
The Mechanics of a Real Estate Purchase Contract
Wednesday, August 30
There are a few key components of a real estate purchase contract. These areas of the contract are areas that both you and the seller want to win on. Since you know that you are both vying for these particular sections of the real estate purchase contract, decide which section is most important...
The Pro Forma: How to Tell if You Want to Buy a Self-Storage Property
Monday, August 28
Ideally, you want to keep your purchase price as low as possible. The seller wants to get the purchase price as high as possible. This is where the pro-forma is going to come into play. The seller is going to provide you with a list of income and expenses. They are going to try to show the pr...