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I think your viewers would be interested in hearing about the revenue generated from 4,930 self-storage units. Also, what are your monthly expenses, cash on cash return, ideal cap rate, etc.?
Nick, I own a construction company. If you are building any new developments we service Louisiana, Mississippi or Texas. We can handle complete turn key services.
Looking at a piece of land 18 acres set back about 300 yards from road. Old junkyard that’s been closed over 20 years. Would it be reasonable to clear the land build some storage units, do boat and rv storage?
Could you talk about revenue management in a service business in a separate standalone video; lawn care, window cleaning? Would it be the same 9% increase after year one then 6% yearly afterwards
I was thinking the same. Would love to hear more about Revenue Mgmt strategies, your timing, percentage increases. Do you apply across the board for existing tenant along with the same pricing in your company website for new unit rentals?
I know I’m late but great vid! Quick question. If I was going to make an offer to an owner in an off market deal, how would I go about figuring what purchase price would make sense? Is it like multi family where you need a trailing 12/24, expenses, cap rate, etc.? Any help would be appreciated. Thanks!
Why would the institutional players keep increasing the rents until the tenant moves out ? I understand its revenue management but isn't vacancy a bigger problem ?
@@SweatyStartup so it's forced turnover to gauge true market value? Any data on turnaround time for the big players after tenant leaves? Or better yet turnaround time across your portfolios?
Isn't this a totally passive income business where you go to sleep at night and the money just rolls in for doing basically nothing? The crap just sits in the storage unit and you collect tons of money for that via the people's credit card each month..
Yup, but hey there’s always a way. You could buy a duplex once it starts cash flowing buy a 4 plex. Rinse and repeat. Eventually you can sell all those properties you build up then turn around and buy a self storage property
watching this video 2 years later, rates are dropped, occupancy has dropped. cant rent a 10x10 for $90 many places now, especially with all the competition around. maybe everyone and their dog shouldnt have been building and buying so hard in 2020-22.
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sweatystartup.substack.com
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Great video. Didn’t sugarcoat how hard it is to find deals right now
Glad you liked it Eric! Thank you!
So much value - THANK YOU!!
Great video. I manage over 3k units at a property thats 330k sq ft. Its a great business-it is not a passive business.
Lol when you said Elmira NY I thought it switched to an ad. I’m right here
i appreciate u so much !!! 15 mins of pure gold.. bless up from Jamaica!!!
Thanks for the comment Dave! I'm glad you enjoyed it!
I think your viewers would be interested in hearing about the revenue generated from 4,930 self-storage units. Also, what are your monthly expenses, cash on cash return, ideal cap rate, etc.?
Hey Michael! I think you might enjoy this episode about self storage cashflow! ruclips.net/video/YrQdX3XCKTs/видео.html
This video is soo good!!! 🎯🎱🏁
Thank you 🙏
I've downloaded it & watched it several times & learn more every time.
Glad it was helpful! More power to you!
Comprehensive, thanks Nick!
Thank you Alex!
Nick, I own a construction company. If you are building any new developments we service Louisiana, Mississippi or Texas. We can handle complete turn key services.
You’re the man!
YOU ARE THE MAN Elliot! You awesome!
Looking at a piece of land 18 acres set back about 300 yards from road. Old junkyard that’s been closed over 20 years. Would it be reasonable to clear the land build some storage units, do boat and rv storage?
Could you talk about revenue management in a service business in a separate standalone video; lawn care, window cleaning? Would it be the same 9% increase after year one then 6% yearly afterwards
I was thinking the same. Would love to hear more about Revenue Mgmt strategies, your timing, percentage increases. Do you apply across the board for existing tenant along with the same pricing in your company website for new unit rentals?
I have approved plans for 174 units in brick nj ready to assign
How do I figure out a price of a storage unit Facility? The seller won't give me a price or finances on the business.
An investor does not change the market cap rate. There is no such thing as a going in cap rare. What do you think that is?
That was exactly what I was going to ask.. Im very confused by that blanket statement.
Great video!!!
Do you own any shipping container storage facilities? Is it worth building container units if traditional building wasn’t an option?
How do you get a loan to purchase? Is it possible to do this in a building in semi unban setting?
Im a builder, and im building one now. I already bought the building, the land, and the fence. Im erercting it now. Wish me luck.
You can do it! Keep it up!
How has your first 12 months been in this? I've been doing some research before diving in the next 6-12 months.
I know I’m late but great vid! Quick question. If I was going to make an offer to an owner in an off market deal, how would I go about figuring what purchase price would make sense? Is it like multi family where you need a trailing 12/24, expenses, cap rate, etc.? Any help would be appreciated. Thanks!
Why would the institutional players keep increasing the rents until the tenant moves out ? I understand its revenue management but isn't vacancy a bigger problem ?
It's really testing the true market value. If the data shows downhill, we adjust and go back to where the data tells us what the real value is.
@@SweatyStartup so it's forced turnover to gauge true market value? Any data on turnaround time for the big players after tenant leaves? Or better yet turnaround time across your portfolios?
What the heck is a going in cap rate? After you pay a 5 cap wouldn't you want that to trade at a 4 cap to increase the value of the facility?
Isn't this a totally passive income business where you go to sleep at night and the money just rolls in for doing basically nothing? The crap just sits in the storage unit and you collect tons of money for that via the people's credit card each month..
How much debt you got
Does your expense estimate (30-40%) include loan repayment?
It only works if you have a lot of extra disposable income to invest in self storage to begin with.
Yup, but hey there’s always a way. You could buy a duplex once it starts cash flowing buy a 4 plex. Rinse and repeat. Eventually you can sell all those properties you build up then turn around and buy a self storage property
I would NEVER be part of a syndication your partners become conjugal & what you want has to run through everyone.
How can I invest? Or where can I get started?
If you’re an accredited investor fill out this form boltstorage.com/investor
@@SweatyStartup says it can't be found on the website.....
@@flystealth7 Try this bit.ly/3AHuCiH
watching this video 2 years later, rates are dropped, occupancy has dropped. cant rent a 10x10 for $90 many places now, especially with all the competition around. maybe everyone and their dog shouldnt have been building and buying so hard in 2020-22.
Are ur eyes like blue like sky blue ?
are there any properties left? 😂
I wouldn't trust any advise from U after how i heard you treat your child over dropping an ice-cream and shaming him online.