How to Plan for Self-Storage Capital Expenditures
Perhaps one of the best advantages of self-storage is the very few ongoing capital expenditures that are required. It is one of the main reasons I was initially attracted to this asset class. As a property manager and commercial broker, I saw how capital costs decimated the distributable cash flow from an otherwise good net […]
Value Engineering Construction Mindset For The Small Self Storage Owner
As many of you know, I helped start a small construction company in order to Resolve a problem I was having, construction cost being extremely high today. I wish I could take credit for the name, but Smitty, one of my partners, came up with it. So far, we have brought in projects 15% to […]
Why I Am Optimistic Today About Buying Self-Storage
It seems like there is a lot of wringing of hands and mashing of teeth when we talk about buying self-storage today. As I have said recently, it really takes something to buy self-storage or create a storage opportunity today. Usually, it’s a lot of work. Yet, today, even with all of this being true […]