Professional Self-Storage Investor Home Study Course
|The Most Complete And Accurate Collection Of Information On Investing In Self-Storage Facilities, Written By Industry Experts!|
Jason and Carl are two of the top experts in the self-storage industry, and are highly-paid consultants that some of the highest-profile self-storage owners in the U.S. turn to when they want to increase their profit.
Frank has been involved in all facets of the commercial real estate business as an owner/operator of almost all asset classes, including self-storage. His experience includes purchasing and operating all types of real estate, performing "due diligence" on hundreds of properties, speaking at self-storage investing seminars and real estate clubs and telling it like it is!
Are you ready to learn the "Reality" of the Self-Storage Business?
Learn the Self-Storage Investment Strategies that the Experts know.
We teach the TRUTH, not the Hype!
These Are Time Tested, And Proven With Real Life Experience.
Each chapter includes the real insider secrets, tricks and shortcuts you need to know to get ahead of everyone else. And it is written in a very easy-to-understand format that takes you through the entire history of the asset class to what the opportunities are today.
It also features three hours of CDs that give you greater clarity on the most important points, such as finding deals and deal killers to avoid.
Here's The Index From The Course - You'll Notice There's Nothing Left Out.
Introduction to Self-Storage Investing
The History Of Self-Storage
The Top 10 Reasons To Invest In Self-Storage
The Largest Players in Self-Storage / How they Got There
(And How You Might Too Someday)
The Types of Self-Storage Investing
Review of the Types of Facilities
Generation One: Outdoor Bays
Generation Two: Security
Generation Three: Air Conditioning
Generation Four: Everything Inside
Generation Five: Superior Construction, Conservation and Showmanship
The Types of Self-Storage Customer
What Makes A Self-Storage Facility Successful
The Essential Traits of a Successful Self-Storage Facility
What Are The Danger Signs To Avoid In A Facility
Buying Versus Building
How to Determine What Market To Buy In
What Does A Successful Market Look Like
The Important of Location
How to Determine Demand
How to Determine Barrier to Entry
How to Ascertain Market Demographics
The Competition and the Market Rent
Where to Find Deals
Where to Find Self Storage Facilities to Buy:
How To Determine The Value of a Self-Storage Facility
The basic steps to evaluating a self-storage facility:
Estimating Value With The Capitalization Rate
The formula is:
Calculate the Income
Bad P&L's and What to Do With Them
If You Are Buying Land To Build
How To Make An Offer
How to Quickly Control a Deal so you Don't Lose it.
Why would you hold back on signing a contract?
When would you not tie up a facility?
Dave: Phone Call Script - How to Self-Storage Facility
No-No's of Cold Calling a Facility Owner:
When and How to Negotiate - and - Renegotiate
What is Win/Win Negotiating?
The 3 Types of Renegotiation
How to Renegotiate
When to Walk Away
How to Renegotiate a Cash Deal to Terms
Additional Negotiation Tips
How To Perform Due Diligence
Why You Should Audit Your Facility
Third Party Reports
The Phase One Environmental Report
How To Obtain Financing
Standard Bank Loan Terms
Other Forms of Financing
Hard Money Lenders
Sample Self-Storage Facility Loan Request Questionnaire
How to Obtain Cash for the Down Payment
The First Decision: How Much Do You Really Need?
How Much Can You Afford To Invest?
Finding a Partner
Standard Partnership Agreement
Selecting The Correct Entity
Forming the Entity
Documents Needed to Close
The Top 10 Dangers At Closing
The Fundamentals Of Tax Treatment For
How To Operate A Self-Storage Facility
How to Determine the Management Requirements
How to Find a Manager
How To Institute Systems
Repair and Maintenance
Marketing and Advertising
How To Turn Around A Self-Storage Facility
Separating what you can fix from what you can't fix.
What you CAN fix.
What you CAN'T fix
How to Triage and Prioritize
How to Cut Costs and Where To Look First
How To Raise Rents and Where to Look First
How to Audit Your Facility Quickly
The Impact of Every Dollar of Income
Your Support Team
How to Select an Accountant
Conclusion and Next Steps
30 DAYS OF SUCCESSFUL DUE DILIGENCE:
Before You Start
Your Purchase Contract
Due Diligence Clause
List of Items to Request from Seller
Quick Audit of the Income
Review the Rent Roll
Unlocking Hidden Mysteries in The Rent Roll
The Importance of Length of Occupancy
History and Importance of Rent Increases
Typical Operating Expenses for a Self Storage Facility
Review of Sellers Tax Returns & Bank Deposits
Get More Documentation from Seller
Check Out the Market
Get Comps on other Self-Storage Facilities
Call the City about New Self-Storage Facilities
Learn Everything else you can about the Market
Chamber of Commerce
Real Estate Brokers
City Planning & Zoning
Other Sources of Information:
Call or Visit City Hall and Check out the Permits
Contact the Police Department
Water, Sewer, and Gas
Private Water Wells
Private Sewer Systems
Talk with Plumbers
Talk with Electricians
Talk with Paving Companies
Count and Measure the Units on your Walkthrough
About Small Units
Expansion of an Existing Facility
How to Value the Vacant Units
Learning the Problems from the Customers
Facility and Ancillary Structure Inspections
Location, Location, Location - Are you Paying Attention?
Make a Decision on Facility before Proceeding!
Take Permit to an Attorney
Give Plumber Go Ahead to Do Camera Job
Order Phase I Environmental Survey
Order the Survey
Contact Lenders (if not Seller Financed)
Place a Test Ad
Drive Through at Night
Meetings with Professionals and Evaluation of Private Utilities
Review Camera Results from Plumber
Facility Repair Bids
Check with Loan Broker or Bank
Evaluate Test Advertisement Results
Half Way Point
Attorney Evaluation of Permit & License
Current Management: Keep them or Fire Them?
Check on Title Commitment
Check on Phase I & Survey
Start to Panic - Only 10 Days Left
Review the Survey
Compare Survey & Legal Description
Review the Phase I Report
Check on Loan Status
Check Back with City on Permits
Make a List of all Problems with the Deal
Finish your Problem List
Script out your Discussion with the Seller
Make Appointment with the Seller / Broker
Meeting with the Seller
Evaluate the Results of your Meeting
Analysis of the Seller's Counter-Offer
Make one Final Offer to the Seller
Do a Final Review of all your Diligence
Make a Commitment and Stick with it
And Here's What People Have To Say About This Course:
"The best course ever written on the subject - I wish all my clients had read this first before they started tying up deals"
- Gerald DiMarco, #1 loan broker in the U.S. with over $2 billion produced.
Why Would You Want To Invest In Self-Storage Right Now?
The commercial real estate industry is in one of its worst down cycles in decades. As a result, you can buy self-storage facilities for a fraction of what they sold for just a few years ago. Distressed sales are everywhere, from foreclosures and REO properties to over-extended moms & pops. It is not uncommon for properties that cost $5,000,000 to develop to sell for $1,000,000 in the right circumstances. This is the time that fortunes are made for people who have the ability to purchase, operate and hold onto these properties until the markets rebound.
One interesting fact about self-storage is that many of the "improvements" that developers thought they were making on the business model have proven not to work in the real world, and the old mom & pop facilities from decades ago are on an equal footing - or even better footing - than newly built "fancy" properties. If you can find these older facilities in good locations, and buy them right, your success is nearly assured. And in many cases, the mom & pop owners will carry the financing for you, so you do not need to locate and obtain bank financing.
Invest in the Self Storage Home Study Course for Just
Our Goal is Simple:
We Show You How To Invest Wisely In Self Storages; And More Importantly Tell You What To Avoid So You Don't Risk Your Entire Investment!
90-Day Money Back Guarantee!
If you're not completely satisfied with Self Storage Home Study Course for any reason, simply return it in resalable condition and I will immediately refund your invested money in its entirety - no questions asked!