Just dropped a quick breakdown on how I analyze self storage deals using the free tool. If you’re trying to figure out if a deal is even worth your time, watch this. https://youtu.be/Qp6HN8A0rfI
What deals are you looking at right now? Drop: - Purchase price - Current occupancy - Asking rent vs market rent - Estimated expenses (if you have it) - What you think the opportunity is If you don’t have a deal yet: What market are you targeting + why? I’ll pick a few and break them down. No fluff. Just numbers, structure, and real feedback. Let’s see what you’re working on.
The seller’s expenses are NOT your expenses. A lot of people just plug in the financials and run with it… but that’s how you end up with bad assumptions. Instead: – Get real quotes (insurance, etc.) – Adjust for how you would operate – Don’t assume things stay the same Also—don’t forget expenses change over time. Rent isn’t the only thing that goes up. If you’re new, a solid target to keep in mind: → Aim for ~35% expense ratio at stabilization Curious—are you guys underwriting anything right now? What are you seeing?