What's up aces! I hope you're all doing well and enjoying your weekend. I just wanted to encourage everyone to keep pushing towards their goals. Whether you're just in storage ace, or in first facility also, massive momentum is happening in these communities! It's very encouraging to see all the LOI's going out, conversations with owners/ brokers, and facilities being purchased. Keep it up, and if you are considering joining First Facility, I would highly recommend it. Big things are happening in there!

Ok. many of you knows me as your tax person. The tax season is over temporarily, it's time for me to jump back into the Storage game. I am looking for a quote on a storage property for $1M ish of loan. Any recommendations?

I asked three years of p&L and questioned why there wasnt any utilities, marketing, internet phone expenses, etc? However the broker didnt send me what I asked, instead he litterly told me, use number xx for income, use xx for expenses, and vacancy is xx. P&L was same for past three years. If i want to submit offer then contact him. I may do a back of the napkin underwriting, however how can I get a loan based on such a limit information?!

Hi all, I noticed the tons of Florida storages "flooded" to the market. I know insurance has become an issue in that state, but is it still worth exploring certain areas? Thank you all!

When I analyze storage markets, the first thing I look at is the crime rate in that area. For a long time, if I saw the crime rate was higher than the national average, I automatically passed on the deal. Out of curiosity, I checked the crime rate in my own city today—and I was shocked to see it’s actually higher than both the state and national averages. Maybe I have lived in the bubble! I guess from now on, any market with a crime rate lower than 62 is going to look good to me!