Five Mistakes To Avoid When Developing New Self Storage - 258
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- Опубликовано: 5 авг 2024
- Before diving into self storage ground-up development, it is always good to know other people's mistakes. Fortunately for you today, if you are considering developing storage, I am someone who has made a lot of mistakes.
Nothing is more fulfilling than seeing your vision take material form as a facility. The experience of creating something from nothing, of having an idea take form and exist, is one of the most satisfying experiences anyone can have. Just don't make these mistakes.
00:00 Intro
02:20 Mistake number 1
05:10 Mistake number 2
07:35 Mistake number 3
08:28 Mistake number 4
10:30 Mistake number 5
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Thanks for takin your time to make this. Great advice. Just what I needed and not too long.
Great points, thanks Mark!
Thanks for the tips
Very solid points ! thanks for making this video
Thanks
Agree with all the points except #1. I've had storage units since 1985-86, and being on a busy highway will not hurt by any means, but they do not have to be on a main road to be successful. In my area I have competitors that have built units off the road in the very back of a mini industrial park, with less than 150 vehicles a day I am sure, and he says they stay full. Like he said, front row commercial property is going to be very expensive and this IS why many look to side streets, secondary roads etc especially when starting out.
I feel it's more about the area residence & businesses in proximity to the storage units so side streets & secondary roads are fine as long as the area has enough houses & businesses within 1-8 miles of the location. 1. Usually people look to rent whatever is closest to their house\business, 2. Price, 3. Deemed a safe area\security.
If you are in a location tucked away like the guy above just make sure to keep an ad in the yellow pages print & online, as long as the area has the population in the vicinity it can thrive.
I agree. In central NY there is plenty of facilities not on the main roads and they are booked 90%. I rent from one that’s off the beaten path and over the last 6 years they add building after building after building and rent them all. Population within 5 miles of the area is like backroad farmland.
Just found your channel. Very very good information. Thanks
Thanks. Enjoy
These lessons are very helpful to us. Thank you for these videos.
Excellent videos thank you.
thank you
@@MarkHelmSelfStorage your welcome!
Hi Mark, It's been a little bit since I watch one of your videos. I like the improvements to the video introduction as well as your more casual appearance., good job! We've met numerous times at the Las Vegas conventions over the past few years. Had a question, Looking to build a multistory climate control. Local 1 to 3 mile market does not (15 to 20 sf per capita) support this additional square feet that will be added. However, the property resides directly on a major thoroughfare that receives 40,000 to 45,000 trips per day at 40 mph. Our proposed building will be "infill development" with little to no land opportunities for additional SS competition along this main road. Site already has beautiful turn pockets feeding directly into the property. I initially shy'd away from moving forward because I lack the knowledge on how to convert Traffic Counts into new customer demand, but after watching this video, I am thinking otherwise. What are your thoughts?
Regards,
Steve
Steve, mind if I ask where the market is at? Sure sounds overbuilt. Best of luck, sir! How many sq ft?
Hello Mark. I have property that I recently bought. There are two large buildings that many people have told me would make good storage buildings. There about 24'x280'. I know nothing about this stuff and had an idea. I was thinking about approaching someone who knows about this stuff and making the following deal. If they come and build the facility I would let them use the land for say...5 years about any charge. Then after that time it would convert over to me. This is just a thought. What do you think or do you have a better idea? Sam
I don't think anyone would take that deal, but I could be wrong
Hi mark im in new Braunfels tx i have 2.5 acres lot 200' wide x 600' deep , im been thinking on building storage units? How much you think it cost im how can i finance that, thank you,
Too much to reply in this format. If you would like to schedule a call, feel free at link below.
markhelmcoachingcallschedule.acuityscheduling.com/schedule.php?notembedded=1
What about on site houseing were you can live as part of your building site
Some still do this model, but most don't anymore today. REITs would most likely shut it down if you sold to them. I know we would.
Do you have a favorite software program to automate your facilities?
Not really. A good operating system like storable or site link integrated with your web site is the most critical in my opinion.
You lost me at corona
Thank you for taking the time out of your day for this useless feedback. Was the dislike button not operational? One of our cry baby Karen support representative will be in touch with you shortly.
Same here. I don’t take advice from people I’d never want to be like.
Anybody got experience building storage on triangle shaped lots or is that a deal breaker?