A lot of mom-and-pop facilities have never been modernized. That's where the opportunity is. 1. Tenant protection: required on every unit. It adds income with no extra labor and gives customers peace of mind. 2. Fees: admin, late, overlock, auction. A lot of mom-and-pops don't charge them. 3. Rate management (the big one): raising rents on existing tenants over time, not just the street rate for new renters. That's the difference between running a facility like a business and running it like a bank account. Video (2.5 min): https://www.youtube.com/watch?v=vCnPMkPAwHA Which of these 3 surprised you the most?

Hey everyone, After a lot of thought, I've decided to stop hosting the Tuesday Power Hour calls :( My FIRST FACILITY coaching program keeps growing, and we have new projects coming that will help our clients in deeper, more meaningful ways. I want to put my full energy into helping even more of them succeed. The good news is that this StorageAce community isn't going anywhere. I'll keep posting and supporting you on Skool. Only the live calls are ending. Thank you for the last 18 months and almost 100 Power Hours - that's a lot of Tuesdays. A lot of you got better, a lot of you learned, and it was a great way for us to connect. The ship may be docking, but I'm still easy to find: DM me here on Skool Message me on Facebook Message me on Instagram Learn on YouTube ...be sure to follow along on socials - I post high-value content 4–5 times a week. Hope to see you soon, Dave DeMink StorageAce | FIRST FACILITY

Storage isn't valued like a house. It's valued on its income, not on what the place down the street sold for. Two facilities can be identical in size and location, and the one with the higher net income is worth more. Raise the net operating income and you raise the value. Here's the example I use: raise rent $10 a month across 200 units and that's about $24,000 a year. Divide by a 7.5% cap rate and you've added roughly $320,000 in value. You're not hoping the market cooperates. You're creating the value yourself. Full breakdown (2 min): https://www.youtube.com/watch?v=sWgW9MDAITg Before you got into storage, how did you think a facility's price got set? Let's GOOO

How would you let customers know that you have more buildings as part of the same facility? I have some buildings in one location and more buildings a block away. How do you let people know that they are part of the same business? The buildings look the same, but you can't see the other location while you are at one of them. I thought about adding a sign at each location that would show a Google Map outlining the different locations. This way people know they're all part of the same business. Maybe it's not needed, and I'm overthinking it.

When I got started, I couldn't underwrite a deal, didn't know a single broker, and had no clue how to get financing. What I figured out: you don't become a storage investor by studying storage forever. You become one by learning how to evaluate deals. Every deal comes back to 3 questions: 1. What's the property making? 2. What are the expenses? 3. Does it still make money after debt payments? Knowing everything about storage means nothing if you can't tell whether a property is worth buying. 60-second video: https://www.youtube.com/watch?v=LnUGKafasRM Which of those 3 is the hardest one for you to answer right now? If you're stuck on one, bring it to Tuesday Power Hour (10am Mountain on Zoom) and we'll work through it together. @Aldo Chandra this one's for you since you asked what number to check first.