All Forum Posts by: Jason Black

@Michael Wagner @Zach Quick @Mark Byrge

Thanks for the response and info.

@Mike A.

@Mike A.I’ve had UHaul at one of my facilities for just under two years and would agree that it’s not worth the hassle.

@Michael Wagner @Mark Byrge @Zach Quick @Brandon Hobbs

I’m also interested in knowing what everyone uses for collections. Do you just send out emails or go the next step by making calls and text messages? Are there any good vendors to use for these services?

Currently, I send out invoices on the 15th for the next month's rent and then a late payment reminder after the grace period.   

Depending on the shape/condition they can range between 6-10%, with 10% being the industry standard.

@Michael Wagner - Has a great blog on BP for SS, see below

https://www.biggerpockets.com/member-blogs/3915-all-things-self-storage

@Michael Wagner

Luke, welcome to BP. I'm located just south of you in Warren/Youngstown.

What are your real estate goals?

I once purchased a facility from a court order auction with 0% occupancy and there were no financials. The bank who financed the deal, did an "AS IS" appraisal which covered the purchase price. 

The Farmers National Bank - Smaller regional bank in North East Ohio 

 As always, thanks for the insight!

@Michael Wagner / @Scott Meyers

Any recommendations on software to use for managing multiple properties?  

Right now I utilize Sitelink for both of my facilities and I'm thinking about adding Insomniac machines. Do you have any experience/thoughts on them or any thing else to help with remote management?

Thanks - JB

@Account Closed - I'd also have to echo lot of the of what’s been said above, around not having enough information.

Is there room for expansion?  

@Nik Moushon - I'm not as seasoned as some of the above vets, but I have purchased two small facilities over the last two years and can try to answer any questions you might have. Feel free to shoot me a PM.

Cheers - JB 

In NEO I aim for no less than 100/door and 12% cash on cash, after mortgage and expenses