I asked three years of p&L and questioned why there wasnt any utilities, marketing, internet phone expenses, etc? However the broker didnt send me what I asked, instead he litterly told me, use number xx for income, use xx for expenses, and vacancy is xx. P&L was same for past three years. If i want to submit offer then contact him. I may do a back of the napkin underwriting, however how can I get a loan based on such a limit information?!

How much value do you give to Unit Mix? I'm looking at a facility that is 95% a particular size. Competitors do not have this same size. Occupancy for this size is 88%. There are only a couple of handfuls of other sizes and half of them are rented out. Should there be any concerns of being too dependent on that one size making up the unit mix?

Hello, StorageAce Fam - I just shared something on Facebook that I think you’ll want to see. Back in April, I closed on Beckley Mini Storage.Six months later → revenue is already up over $4,000 per month. That single change created about $600,000 in new value. And here’s the kicker…I pulled the screenshot straight from my facility management software and posted it. No fluff, no theory — just the real numbers. 👉 https://www.facebook.com/demink/posts/10162213977617153 If you’ve ever wondered what this game looks like in real life (not just in theory), this is it. Talk soon, Dave P.S. The chart says it all. Go take a look.

Hey Everyone, I'm wondering if anyone has done Boat and RV analysis before and if so how did you approach it?

For those who've acquired properties with prior auto body/gas station history — did your lender require a current Phase I or Phase II, or did they accept older reports with a reliance letter? Has anyone successfully gotten an environmental firm to issue an updated reliance letter on a 13-year-old report rather than doing a full new Phase I or Phase II? What did that cost and how did it go over with the lender? What else should be considered before acquiring?