The old way: someone finds a storage facility, gets excited, builds a full spreadsheet, spends hours underwriting — then discovers the market can't support the rents. Deal's dead. Hours wasted. On to the next one.
There's a better way.
Before I ever do a full underwrite, I run a quick analysis first. And a big part of that quick analysis is a market analysis — understanding what the market will actually bear before I touch a spreadsheet. Occupancy rates, street rates, competition density. The market tells you things numbers on a page never will. If the market doesn't support the deal, no spreadsheet is going to fix it.
I built a simple tool for exactly this step. It's called the 5-Minute Storage Deal Analyzer — and it walks you through the quick analysis process so you can screen deals fast and stop wasting time on deals that were never going to work. Grab it here: https://join.storageace.io/5-minute-storage-deal-analyzer Once a deal passes the quick analysis, then I go deep. That's when full underwriting is worth your time.
Stop spending hours on deals that fail in the first five minutes.
Dave "8 Facilities. Zero Guessing." DeMink