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Owned by Dave

StorageAce

356 members • Free

StorageAce empowers you to build a cash-flowing self-storage portfolio, offering tools and systems for financial freedom on your terms.

FIRST FACILITY

62 members • Free

FIRST FACILITY Self Storage Coaching Program

Memberships

268 contributions to StorageAce
Intro
Hey guys! I just joined the group and wanted to throw a quick intro to myself. I currently own a few storage units and joined the group mainly to collaborate with others on ideas to become more profitable while better serving our customers. I am based in Newburgh IN. Looking forward to connecting! (Pic from bringing my family to see a building going up!)
Intro
0 likes • 2d
Great to meet you, Alex Welcome to the group Click on the Calendar at the top of the screen inside the community and add the weekly power hour calls to your calendar - they are really good
No Power Hour Call Today
Hello StorageAce Fam - Quick heads up that there is no Power Hour call today - it's Spring Break for my family, so I'm taking a week off and recharging the batteries in Palm Springs. See you next Tuesday - same time, same place. Dave PS - I have an email coming later today on what 99% of people get wrong when they think about raising money for their deals. Be sure to check it out
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📣 Power Hour Replays Are Live (Feb 17 + Feb 24)
I’ve uploaded the recordings for both recent Self Storage Power Hour calls. These two sessions pair really well together—one focused on mindset + staying in motion, the other on real-world operations once you own a deal. Here are the big takeaways (consolidated): - Progress isn’t linear—quiet weeks are part of the process, not a sign you’re off track - Confidence comes after action: underwriting, calls, follow-ups, and reps create clarity - Consistency > more information—momentum builds when you stay lightly engaged - Operations is about stacking small wins: clean up non-payers, improve occupancy, remove friction - Ownership is reps over results—focus on the next right move, not instant perfection This is what the middle looks like. Not flashy. Not broken. Just progress compounding quietly. 👊 👉 Watch both replays here: LINK
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Ask Me Anything....
StorageAce fam - My goal in putting this group together was to build a community of people getting started in self-storage, and to offer them resources and support to build clarity and confidence to take the first step. Curious, what question is on your mind? How can I help you move forward? Feel free to post below (and I will respond to every message), or shoot me a DM.
1 like • 26d
@Nick LoBello hi Nick - I think you answered the question I asked in FIRST FACILITY community, here. :) But you are right
How to determine the market/occupancy level of competitors
Any other way to gauge the market besides secret calling competitors? I've called a few and getting vague answers of "a couple", "a few", "several", and etc of units available. I'll call a few more to see if I have any better luck. Maybe my story is not good enough.... I'm underwriting for a severely mismanaged facility. Physically it looks fine but the management of it is not there. Financial occupancy is only 25% (physical occupancy is 44%) and the people there are paying 25% to 50% below market. The market is 25 sqft/capita within 3 miles and 27 sqft/capita within 5 miles. It's a small town of about 19K people with median HH income of $41K (3 miles) and $46K (5 miles). Owner spending only a few hundred dollars per YEAR on marketing and no website. Basically, not paying attention to it at all. It could still be a deal if I can get it to 75% occupied. I just need to know how the competitors are doing and it's not over saturated. I know TractIQ can now show occupancy and financial. Would be nice to have that info but that's only available with their Pro+ level and likely out of my budget. How else can I gauge the market in that town?
0 likes • 26d
@Tommy Xaysongkham - You are doing just fine, my friend. Secret shopping is by far the best way to get a feel, along with mapping the competitors' capabilities (how is their GMB profile, website, can you rent online, etc). Between the secret shopping and market analysis. BTW - I believe I know the deal you are referring to in this message. I have guided at least 5 people in my coaching program away from it :)
1 like • 26d
@Tommy Xaysongkham It just over-saturated combined with sophisticated operators in the market - and everyone is suffering
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Dave DeMink
6
1,247points to level up
@dave-demink-7753
Owner/Operator of 9 Storage Facilities, helping you find time and financial freedom through storage.

Active 23h ago
Joined Feb 6, 2026
Denver, CO
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