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[webinar]You Found an Offline Storage Facility… What’s Your Next Move?
Finding the facility is only the beginning. Before you make an offer, you need to answer some critical questions: • What’s really driving the underperformance? • How much upside is actually there?• Are rents below market? • Is occupancy the problem, or operations? • What can be improved in the first 90 days? • Most importantly… does the deal still work after the turnaround plan? Too many buyers focus on the acquisition price. Smart buyers focus on the opportunity after acquis
Sep 4


How to Use an SBA 7(a) Loan to Buy and Turn Around an Underperforming Self-Storage Facility
By Garrett Byrd Storage Authority Franchise What if the self-storage facility that fits your buy box is not perfect? Maybe occupancy is low. Rents are below market. Marketing is weak. Technology is outdated. The property needs work. Or the current owner simply stopped doing the things necessary to maximize the facility's potential. That does not necessarily make it a bad acquisition. It may be the opportunity. The challenge is financing both the acquisition and the turnaround
Aug 28


Self-Storage Acquisition: The Power of Turnaround Due Diligence
By Garrett Byrd Buying an existing self-storage facility with the intent to turn it around is one of the smartest strategies in real estate. The infrastructure is built, tenants are in place, and cash flow is immediate. However, the true value of a turnaround lies in the gap between how the facility operates today under the current owner and how it could operate under a modernized, professional management system. Unlocking that upside requires looking past the glossy market
Jun 12
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