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Freedom Through Storage

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StorageAce

366 members • Free

22 contributions to StorageAce
Environmental
For those who've acquired properties with prior auto body/gas station history — did your lender require a current Phase I or Phase II, or did they accept older reports with a reliance letter? Has anyone successfully gotten an environmental firm to issue an updated reliance letter on a 13-year-old report rather than doing a full new Phase I or Phase II? What did that cost and how did it go over with the lender? What else should be considered before acquiring?
1 like • 6d
@Stacey Gorman great information Stacey - in this instance there has already been a phase 1 done but its 13+ years old so probably need a refresh?
1 like • 5d
@Jake Dersovitz great input Jake! Thank you.
Lease Q
Anyone deal with a seller unable to find the leases for their tenants? If so - dealbreaker? We will be getting everyone on our own new lease so personally don't think its that big of a deal but curious others thoughts
Reviews
Hi All! We closed on our second facility last week and are hoping to get some positive reviews going on our google page. Would love to return the favor for anyone that leaves a review and will be eternally grateful! Thank you https://share.google/y9Z3jScVNKiKEqCtP
1 like • 20d
@Dave DeMink thank you so much!
1 like • 20d
@Dave Liemohn thank you !
Painting
Anyone have painting done recently and have a recent quote they can share on price per sf?
Insurance
We are making it a requirement for all tenants to opt into our TPP but how do you handle tenants who have 2, 3, or even 4 units - do you make them insure ALL of their units? Thats a significant bump every month .. instead of just $12/mo on one units it would be $48 for all their units.. yikes.
0 likes • Jan 29
@Dave DeMink thanks Dave! We already use safelease for new customers but are now making it a requirement amongst inherited customers.. it’s time
2 likes • Jan 29
About 70
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Caitlin Lombardo
3
13points to level up
@caitlin-lombardo-8161
My husband Tom and I are self storage owner/operators looking to continue to acquire more facilities with the overall goal of time freedom

Active 3d ago
Joined May 7, 2025
Rochester, NY
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