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StorageAce

477 members • Free

Wholesaling Storage

61 members • Free

Freedom Through Storage

119 members • Free

7 contributions to StorageAce
Hello everyone 🤗
Hi everyone! I’m so excited to be here, I have joined the community for a while now 🎉
1 like • 2d
Welcome @Carol Davis !
Development
Has anyone in the group developed a storage facility ground up? I have a commercial property under contract that I've verified with the county that storage can be built. How do you determine a pro-forma for ramp up time frame to project revenue?
1 like • 11d
@Dave DeMink @Dave DeMink is this the same contact you were referring to?
1 like • 10d
@Dave DeMink Thanks...had the opportunity to speak with her yesterday.
Mom and pop owners with no electronic records
How concerned should I be about a facility that does not have the electronic records that we're used to seeing from management systems? The property is being sold by a broker who has created a nice OM. However, the limited info that they got from the older owner was handwritten on notebook paper. I can tell the owners are an older couple that are not tech savvy. How do you go about verifying income, rent roll, and etc? What pitfalls to lookout for?
1 like • May 13
@David Johnstone yea...environmental issues and property line issues are always fun. Always encourage people to get a Phase 1 and a survey.
Internet speed needed for security cameras
Doing some DD on a facility in a rural area. People around there use Spectrum for internet. I'm looking at the pricing and wondering which plan I would need. See below. From my research, it's not so much the download speed that matters but the upload speed for clearer and smoother videos. How do you determine how many cameras are needed and what internet speed? Also, I've heard of others using Starlink. Wonder if that's an option and how much that would be.
Internet speed needed for security cameras
1 like • May 13
@Dave DeMink same here...Reolink solar with a data plan through a cell phone provider
NDA
Quick question for those who have wholesaled/self-storage assigned deals before: Have any of you used NDAs with buyers when wholesaling a facility? Or do you not really recommend it? I’m trying to figure out best practices here and whether it’s something I should be implementing or if it creates more friction than value. If anyone has a sample NDA they’ve used before, I’d really appreciate it if you’d be willing to share. Thanks!
2 likes • May 13
Maybe others can provide input, but I'm not really sure the purpose of an NDA. If you have a property under contract, no one can go around you to the seller. And, what would I disclose and to who...the financials of the facility? I see where an NDA is good for a large corporate merger/acquisition, but not sure how it relates to a wholesale deal or simply purchasing a storage facility.
1-7 of 7
Wes Eaves
3
42points to level up
@wes-eaves-8774
Live in North Florida and purchased a self storage facility in May 2022.

Active 2d ago
Joined May 5, 2026
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