All Forum Posts by: Zach Quick

Am looking for storage in Virginia, if you hear of any and want to bounce it off someone/JV/etc. please keep me in mind. Thanks.

The general rule of thumb for self storage is 35% of every $1 goes to operating expenses. This doesn't include debt service.

@Garrett Gatton there is no such thing as too many to overwhelm perspective buyers. 

Nicely done. Which bank? Need to add some more MO banks to my rolodex.

Where is the soon to be 'tiny home park' in NWA? 

Can you go to the existing bank for a LOC or 2nd with the same bank to access some of the equity if something comes along? I would not do a full refinance unless you had to.

When you say raise rent to get to $6500 is that to neighbors prices? Any Capex needed?

What are they asking for it?

More time/paper/brain burden than financing with a local bank.

Seller needs to have better documentation and cleaner books generally.

Can you just work backwards on what you would need to make it worth your while developing vs. what he wants?

I'm sure you could get a broker to sign a NDA and pay them a fee for the work on the land.

You can require 'insurance' to rent at your facility, but you can't require yours. Obviously you should sell yours and it is usually 'better' for the tenants too. We prefer tenant protection vs. 'insurance'. We typically run 65-80% adoption depending on the facility.