FIND THEM – FUND THEM – RUN THEM
Stacy’s Three Step Self-Storage Investing Process- Find Them: You Want to Buy a Storage Facility -- But What is the First Steps?
- Fund Them: You Got a Storage Facility Under Contract -- Now What?
- Run Them: You Closed on a Storage Facility - Now What?
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What You Will Learn
Find Them: You Want to Buy a Storage Facility -- But What is the First Steps?
- The four stages of investing in self-storage
- The easiest ways to find storage facilities to buy in this market
- The six different types of markets in the storage industry
- The 8 different ways you can invest in self-storage
- What the cap rate is in each of the markets right now so you can easily run your numbers
- What are the steps to get a storage facility under contract
- How to build your list of owners
- Three different ways to contact owners to make offers
- The price ranges of facilities that are out there to buy
- How to find storage facilities online
Fund Them: You Got a Storage Facility Under Contract -- Now What?
- What you need to get from the owners in order to run deal analysis
- How to run several different offers at the same time
- Which financing inputs you need to be using to run numbers
- What expenses should you be using in your calculations
- The three different ways you need to be running analysis for an overall view of your deal
- What is capex and how to use it in deal analysis
- Physical vs Economic Occupancy
- The difference between cash offers and creative deal structures
- Getting the owner to seller finance
- Should I use a bank to buy a facility?
- SBA vs Conventional loans
- Getting good at negotiations
- Running deal analysis - how to do this correctly
Run Them: You Closed on a Storage Facility - Now What?
- Step-by-step process on how to close your facility
- Onboarding you facility
- Getting ready to take payments
- Getting your property management software set up
- Picking the correct software to manage your property and tenants
- How to hire your boots-on-the-ground person
- How to make sure you are answering your phones
- Online marketing for tenants the correct way
- How to present yourself correctly online to get new tenants
- Making sure you understand the auction process in your state
- Email marketing to find tenants
- Communication with your tenants for great customer service
- Dynamic pricing to the greatest profit