All Forum Posts by: Zach Quick

@Drew C Grossman Best of luck, storage is hot, as I'm sure you know, but if you turn over enough rocks in that size range you can find some winners.

@Trevor Gray if you are just plugging in proformas then that’s probably the case.

And I’d add it would probably be the case for any asset class where you are plugging in top line numbers and not digging in further and/or learning more. Read all storage posts/books/podcasts/etc to learn more.

@Brian Green Indeed. Regardless of the real estate niche you just need to be consistent and be able to talk the talk if you get them on the phone.

@Dee Brock I'd just be deciding if it's worth your time really. You can't leverage other humans on a deal this small, not saying there is anything wrong with that, and maybe you want that. But by and large if you answer your phone and sell the spots well price will be fine to match with competitors or very lightly drift below them.

@Dee Brock Not enough info. I'd completely throw out in your mind what they paid for it, it should be irrelevant to you. How do rates compare to competitors? How will you add value? How will you manage? 

Those are the things I'd worry more about.

@Emali Taylor The wagon is full, sorry.

@Peter Lee little small for my taste as your fixed expenses will eat up a ton of it but depends on area/rates/leverage etc.

@Jon Kelly Depends on the area generally speaking, but cameras and a gate/keypad and good lighting is usually just fine. 

Honestly revenue is more important than unit count in my opinion but generally speaking 200 units would probably be a part-time boots on the ground situation for me, however if that's 200 units that is climate controlled in a very urban area that may be different...

Read all the self storage books out there and listen to all the self storage podcasts out there first. 

@Trevor Gray Search through the forums here on storage, a ton of advice and outside places you can go to look up info.