Amateur investor here, I have a property in a prime location in Lebanon TN & I am looking for ways to market the property as an IOS. How do i go about this with the current raw condition of the land? Is it too soon? Thank you for what you do.
@@RonaldRohdeLaw thank you for your reply, It's zoned CG, I'm looking to direct manage the property. Other than checking for existing IOS in the area and business with fleet vehicles, what are other ways to effectively check for market demand?
@@cesarhurtado4871 Google for truck parking, call the lots up and ask if they have space available and price. Ask for discounts for fleet 5+. Log and track everything in a spreadsheet. Finally, check Truck Parking Club see what listings and pricing they have for daily parking!
Here's my comprehensive review: Content: fantastic. I'm interested in adding some IOS to my portfolio so hearing what's worked and what hasn't is very helpful. Thank you! Shirt: also fantastic. The world needs more toucan shirts Shelves: mid. I like the racing helmets and the pylon that doubles as a miniature hat, but the rest of the shelves are too bare. Overall 4.9 stars out of 5
THank you for your great educational vids. Once you get the property fenced, get lights installed, cameras installed, paved, lines are striped....What type of app management and/or payment kiosk would you suggest to use? Marketing as daily and monthly parking rentals. THank you
Glad to help. We use Rig Hut for inventory management that handles payments and new leads. Mostly for monthly. Daily we use Truck Parking Club! I can share a referral link!
Thanks for sharing. Are there ever any issues for non-payment of rent? How do you “evict” a tenant if they don’t pay and they leave a bunch of their material/junk on your site?
Define "issues" do we have some late payers, yes. We use annoying large stickers, shame probably makes them leave after a month. They typically aren't hauling trash on site, but yes they may leave a tire or two, maybe a bucket of beer bottles. ❤🩹
@@RonaldRohdeLaw interesting, thanks. I was just curious as to what tactics are used when there’s non-payment of rent; or if you had to evict a tenant. E.g., a tenant storing large quantities of rebar, machinery, or other construction items stops paying rent… what do you do? Even if you “evict” from a process standpoint, it’s presumably not easy (or cheap) to remove the material from the site and re-rent the space quickly. Because of the large nature of the stored items, eviction seems slow and possibly expensive. I am interested in also moving away from multifamily investing into IOS, so trying to learn how to mitigate problem tenants. Thanks for the info; great channel!
@@gregking5369 I typically dont evict, but I do lose revenue. The thing about IOS is that its pretty portable, they will take it with them instead of paying rent. That said, I have not had to dispose of too much stuff. I've had to coordinate with scrappers to remove material, the most I paid was $700 to remove some junk. Why wouldn't it re-let quickly? These are in high demand, if you're coming from multi family, the unit turnaround time/cost is peanuts.
Amateur investor here, I have a property in a prime location in Lebanon TN & I am looking for ways to market the property as an IOS. How do i go about this with the current raw condition of the land? Is it too soon?
Thank you for what you do.
What’s the zoning? Are you looking to net lease truck parking or direct manage?
Figuring Market demand would be first. Then improvements.
@@RonaldRohdeLaw thank you for your reply,
It's zoned CG, I'm looking to direct manage the property. Other than checking for existing IOS in the area and business with fleet vehicles, what are other ways to effectively check for market demand?
@@cesarhurtado4871 Google for truck parking, call the lots up and ask if they have space available and price. Ask for discounts for fleet 5+. Log and track everything in a spreadsheet. Finally, check Truck Parking Club see what listings and pricing they have for daily parking!
As usual, great presentation!
Thank you!
Here's my comprehensive review:
Content: fantastic. I'm interested in adding some IOS to my portfolio so hearing what's worked and what hasn't is very helpful. Thank you!
Shirt: also fantastic. The world needs more toucan shirts
Shelves: mid. I like the racing helmets and the pylon that doubles as a miniature hat, but the rest of the shelves are too bare.
Overall 4.9 stars out of 5
I’m stealing this format 😅😅😅🫡
tuff times makes strong men
truth! predictable cycle for weak men as well
THank you for your great educational vids. Once you get the property fenced, get lights installed, cameras installed, paved, lines are striped....What type of app management and/or payment kiosk would you suggest to use? Marketing as daily and monthly parking rentals. THank you
Glad to help. We use Rig Hut for inventory management that handles payments and new leads. Mostly for monthly.
Daily we use Truck Parking Club! I can share a referral link!
Thanks for sharing.
Thanks for watching! 🫶
Thanks for sharing. Are there ever any issues for non-payment of rent? How do you “evict” a tenant if they don’t pay and they leave a bunch of their material/junk on your site?
Define "issues" do we have some late payers, yes. We use annoying large stickers, shame probably makes them leave after a month. They typically aren't hauling trash on site, but yes they may leave a tire or two, maybe a bucket of beer bottles. ❤🩹
@@RonaldRohdeLaw interesting, thanks. I was just curious as to what tactics are used when there’s non-payment of rent; or if you had to evict a tenant. E.g., a tenant storing large quantities of rebar, machinery, or other construction items stops paying rent… what do you do? Even if you “evict” from a process standpoint, it’s presumably not easy (or cheap) to remove the material from the site and re-rent the space quickly. Because of the large nature of the stored items, eviction seems slow and possibly expensive. I am interested in also moving away from multifamily investing into IOS, so trying to learn how to mitigate problem tenants. Thanks for the info; great channel!
@@gregking5369 I typically dont evict, but I do lose revenue. The thing about IOS is that its pretty portable, they will take it with them instead of paying rent. That said, I have not had to dispose of too much stuff. I've had to coordinate with scrappers to remove material, the most I paid was $700 to remove some junk. Why wouldn't it re-let quickly? These are in high demand, if you're coming from multi family, the unit turnaround time/cost is peanuts.