Just toured a facility and noticed something interesting… The units are built out with wood / plywood walls instead of metal panels. I uploaded a picture for reference 👀 Curious how others here think about this: 👉 Do you typically buy facilities like this? 👉 Have you upgraded wood interiors to metal, or left them as-is? 👉 Does this impact tenant quality, rents, or insurance in your experience? My initial thoughts: - Feels more like an older / mom & pop build - Could be value-add… or could mean future CapEx - Not sure if it’s worth converting everything or just improving what’s there Would love to hear from anyone who’s actually dealt with this. How do you approach a facility with wood-built units? @David Johnstone

its a great day to find a deal

We closed on our first facility. Thanks to everyone in the Storage Ace community who gave some guidance along the way. I've been in residential real estate for over 30 years and thought it would be somewhat of an easy transition into self storage. That definitely was not the case. Finding the deal was the easy part (for me). But I didn't realize how much I didn't know about self storage and how much is involved after you get the deal under contract. (The following is an unsolicited endorsement). Once I got the facility under contract I joined Dave's coaching group. I decided that I didn't want to waste time trying to figure it out on my own (which I tend to do). Of all the classes, conferences, groups I've joined or spent money on over my real estate career, this by far was the best money I've ever spent. Dave, Ken & the group helped me get to the closing table. Without their assistance I would've been lost trying to put everything in place to get the facility online and start the process of turning it around. As I mentioned before, there is A LOT I didn't know about storage. A lot of details (most of them simple processes) that if you weren't aware of could cost you a ton of time and money. Dave helped with all of that and continues to help as we get this thing rolling. If you're new, serious about getting into self storage, and serious about closing on your First Facility I would highly recommend checking out Dave's coaching class so you can cut to the front of the line and get that first deal. Time to find another one...