Business Tools

How to Conduct a Self-Storage Feasibility Study

Thu, 22 Feb 2024 22:13:05 GMT

This four-part video course will give self-storage investors and developers the tools to perform their own desktop feasibility study. Learn to conduct research, make assessments, manage assumptions and more.

Creator: Charlie Kao, Principal, Twin Oaks Capital
Format: Streaming video
Duration: 59 minutes

How to Conduct a Self-Storage Feasibility Study

Determining whether a piece of land is suitable for a potential self-storage project shouldn’t be a guessing game. Rather, pursuing an acquisition or new build should be done with sharp insight gained from a thorough feasibility study. Doing otherwise can be financially disastrous.

This video course by Charlie Kao, a founding partner with Twin Oaks Capital, is designed to help investors and developers determine project strength. Presented in four sections, it will teach you to conduct your own desktop feasibility report, sharing the tools to conduct research and make market assessments. It’ll also provide commentary to lenders and potential investment partners on assumptions such as square feet per capita, market demand and other economic factors that impact viability but may not be addressed in available census data.

Topics include:

Section 1

Market-study scope
Industry outlook and market considerations
Site review (aerial and map view)
Site evaluation

Section 2

Market review
Demographics
Neighborhood
Competitors by location
Competitor profiles
Potential new development
Demand analysis

Section 3

Lease-up period
Competitor rate matrix
Unit-mix recommendation and revenue

Section 4

12-month stabilized income statement
Executive summary
Consultant profile

About the Creator

Charlie Kao is a self-storage operator and industry expert in the areas of real estate brokerage, asset management, feasibility, consulting and construction management. His company, Twin Oaks Capital, is Grand Rapids, Michigan-based commercial real estate firm specializing in self-storage and multi-family assets. Its affiliates have owned, operated and planned more than 3 million square feet of storage across North America, with a specialization in Northern climates and difficult terrains.

Self-Storage Maintenance Package 2024: Monthly Task Calendars and Guide

Thu, 14 Dec 2023 15:46:12 GMT

Designed for self-storage operators, this package includes detailed, customizable monthly calendars outlining maintenance tasks by day, week and season. It also includes a digital book full of expert advice.

Platform: Downloadable zip file folder
File Formats: PDF, Microsoft Word

Self-Storage Maintenance Package 2024: Monthly Task Calendars and Guide
Regular maintenance plays a key role in protecting self-storage property value and ensuring the facility’s appeal to current and prospective renters. The condition of your site may also affect safety and business liability. This package is designed to help facility operators stay on top of the many tasks that must be performed throughout the year. It includes:

Monthly Maintenance Task Calendars

12 individual task calendars for 2024 in PDF format
No-fuss, 12-month 2024 task calendar in PDF format for easy printing
Customizable monthly templates in Microsoft Word

Calendars are color-coded for weekly, monthly, quarterly, seasonal and annual tasks. Each page also features a list of daily maintenance tasks. Some pages include special callout reminders and tips for things like vacant-unit inspection and door cleaning. The customizable Word templates allow you to alter the calendars to your maintenance schedule and needs.

Self-Storage Maintenance Guide

Expanded for 2024! This 109-page PDF book includes articles on site evaluation, curb appeal, winter and summer strategies, pest control, and service outsourcing as well as detailed guidance for repair and maintenance of your facility:

Roofs
Doors
Security components
Signage
HVAC equipment
Lighting
Asphalt
Rental trucks
More!

PLEASE NOTE: Though the 2024 guide contains several new articles, much of the material also appeared in the 2023 booklet.

The maintenance-calendar package contents will be delivered to your “My On-Demand Library” in a downloadable zip file folder.

How to Make BIG Money in Self-Storage [6-Part Investor Course]

Thu, 20 Jan 2022 17:23:08 GMT

EXCLUSIVE PRICE! Get access to a six-video online investor course that teaches you to find and evaluate self-storage deals, fund acquisitions, manage your new properties, and develop a mindset for success.

Creator: Scott Meyers, Founder, Self Storage Investing
Platform: Third-party online streaming video
Duration: 2 hours, 40 minutes

IMPORTANT! PLEASE READ!
Your order provides access to online courses via a third-party platform. When you complete your purchase, you will immediately receive a PDF voucher containing instructions to redeem the offer, which you'll find in your "My On-Demand Library."

How to Make BIG Money in Self-Storage [6-Video Investor Course]
As one of the highest-performing commercial real estate assets, self-storage continually draws attention from investors, particularly those who crave a path to passive income. But while the industry has inherent advantages, you still must know how to identify and solidify good opportunities and turn them into wealth. This six-part course led by Scott Meyers, founder of Self Storage Investing, will help those new to the industry begin their journey with a solid foundation.

Presented in six videos, “How to Make BIG Money” will help you steer clear of the critical mistakes investors make when they aren’t armed with critical self-storage knowledge. You’ll learn how to find and evaluate potential deals, fund acquisitions, manage your new properties, and develop the proper mindset for success.

The six sessions are:

Top 10 Reasons to Invest in Self-Storage
How to Analyze Self-Storage Facilities
Funding, the SBA and Private Money
Top 10 Mistakes and Pitfalls and How to Avoid Them
Critical Steps for Self-Storage Investing Success
Real-Life Self-Storage Case Study

Note: This course is also part of a more robust product, "Self-Storage Investing Course: Finding Private Money," which includes 13 additional videos from "The Private Money Summit," plus access to analysis software.

About the Creator
Scott Meyers is principal of Kingdom Storage Holdings, whose affiliated companies focus on the acquisition, development and syndication of self-storage facilities nationwide. His owned portfolio comprises more than 2.2 million square feet in about 13,000 units. He’s also the founder of selfstorageinvesting.com, an education company that provides online courses, educational tools, live events and mentoring designed to help others launch their own self-storage businesses.

Self-Storage Investing Course: Finding Private Money

Thu, 20 Jan 2022 17:23:55 GMT

EXCLUSIVE PRICE! Get access to a 19-part investor course that teaches you to evaluate self-storage acquisitions and structure and fund deals through private capital, plus access to Valuator analysis software.

Creator: Scott Meyers, Founder, Self Storage Investing
Platform: Third-party online streaming video, cloud-based software
Duration: Approximately 18 hours, 40 minutes

IMPORTANT! PLEASE READ!
Your order provides access to online courses and software via a third-party platform. When you complete your purchase, you will immediately receive a PDF voucher containing instructions to redeem the offer, which you'll find in your "My On-Demand Library."

Self-Storage Investing Course: Finding Private Money
A turbulent economy has made things difficult for commercial real estate investors, particularly those who cling to outdated fundraising methods. In contrast, savvy investors who are quick to adapt to changing dynamics are taking control of the marketplace, creating serious wealth and tapping into the more than $32 billion in private money. This course led by Scott Meyers, founder of Self Storage Investing, will show you how to join them!

Through a series of 19 online videos in a two-course bundle, Meyers and his team lead you through the basics of evaluating potential deals. They’ll reveal how they’ve secured seven-figure investment from private capital to help fuel their own self-storage ventures. This product also includes access to Valuator analysis software.

Your purchase includes:

COURSE 1: How to Make BIG Money in Self-Storage [6 Videos]
COURSE 2: The Private Money Summit [13 Videos]
Valuator Analysis Software

COURSE 1: How to Make BIG Money in Self-Storage [6 Videos]
Presented in six videos, “How to Make BIG Money” will help you steer clear of the critical mistakes investors make when they aren’t armed with critical self-storage knowledge. You’ll learn how to find and evaluate potential deals, fund acquisitions, manage your new properties, and develop the proper mindset for success.

The six sessions are:

Top 10 Reasons to Invest in Self-Storage
How to Analyze Self-Storage Facilities
Funding, the SBA and Private Money
Top 10 Mistakes and Pitfalls and How to Avoid Them
Critical Steps for Self-Storage Investing Success
Real-Life Self-Storage Case Study

Note: Access to "How to Make BIG Money in Self-Storage" is also available as a standalone purchase.

COURSE 2: The Private Money Summit [13 Videos]
Meyers brings together his SEC syndication attorney, self-directed 401(k) expert and special guests to teach you how to source and finance deals by leveraging other people’s money. Filmed over three days, the summit includes 13 videos that go in-depth on how to structure and fund deals in today's economy with the power of private investors.

The 13 sessions are:

The Plan
Become a Private Money Superman
Crowdfunding Your Self-Storage Deals
Raising Capital Through Your Own Private Retirement Accounts
How to Find Lenders and Present Offers
Living in a Declining Occupancy World/Be Prepared for a Major Population Shift
The Flow and Forms
Self-Directed 401(k)
Three Case Studies
Next Steps and Q&A
Bonus Session: Macroeconomics and Monetary Policy/Quantitative Easing

Valuator Analysis Software
Normally available only through a $590 annual subscription, Valuator is a software tool that allows you to analyze self-storage facilities and make realistic projections. It allows you to:

Analyze potential self-storage acquisitions
Determine net operating income
Project monthly cash flow, cash-on-cash return, breakeven point
Calculate capitalization rate, debt-service coverage ratio, cost per square foot
Make future projections
Form an exit strategy target value
More

Self-Storage Key of Knowledge: Manager-Training Kit [USB Drive]

Thu, 20 Jan 2022 16:34:20 GMT

This USB drive contains an essential set of written and recorded training materials designed to train self-storage managers on collections, customer service, facility management and sales.

READ FIRST! There are three USB drive products available in the “Self-Storage Keys of Knowledge” series. SOME CONTENT IS DUPLICATED between the three offerings. To see a detailed breakout of key contents and choose the best fit for your individual needs, please view this side-by-side comparison chart.

Creator: Bob Copper, Owner, Self Storage 101
Platform: USB Drive (USPS Shipping Required)
File Formats: PDF, PowerPoint, Windows Media, Word

NOTE: Please allow up to three business days for the processing of your order.

Self-Storage Key of Knowledge: Manager-Training Kit
Successful self-storage businesses begin with the facility manager, who must be the face of the operation and serve as property manager, collections agency, customer-service department and salesperson. This USB drive contains an essential set of written and recorded training materials designed to help managers increase the efficiency and profitability of a storage business. The handy USB drive includes:

Collections

“Collections 101: Using Effective Collections Techniques to Increase Revenue and Profits” video
“Effective Collection Techniques Without Sacrificing Customer Service” presentation slides
“Self Storage Auctions” presentation slides

Customer Service

“Customer Service 101: Using Common Sense to Provide Superior Customer Service” presentation and video
“Handling Difficult Customers” tip sheet

Facility Management

“Managing a Self Storage Facility” book
Article on effective time-management training

Sales

“Sales 101: Turn More Prospects Into Tenants” presentation and training video
“Rent More Space with Effective Phone Sales Skills” workbook
“Price Stalls” tip sheet
“NOT Renting Space Is an Expensive Proposition” article
“Using the ‘Yes or Yes’ Sales Technique” presentation slides

About the Creator
Bob Copper is owner and partner in charge of Self Storage 101, an industry consulting firm specializing in operational improvement, training, audits, feasibility and market studies, and due diligence. He's also founder of Copper Storage Management, a third-party management company that specializes in automated self-storage operation. As a prominent consultant, author, speaker and trainer, Bob has worked with hundreds of self-storage owners, operators and managers to develop strategies for operational improvement, revenue growth and value enhancement. As a self-storage owner himself, he also has a unique perspective that relates to working with other operators.

Self-Storage Key of Knowledge: Ownership Kit [USB Drive]

Fri, 28 Jan 2022 17:46:12 GMT

Designed to increase business profitability, this USB drive contains an essential set of written and recorded training materials on self-storage auditing, marketing, operations and revenue management.

Creator: Bob Copper, Owner, Self Storage 101
Platform: USB Drive (USPS Shipping Required)
File Formats: PDF, PowerPoint, Windows Media, Word

NOTE: Please allow up to three business days for the processing of your order.

Self-Storage Key of Knowledge: Ownership Kit
Hands-on self-storage owners are tasked with having knowledge of all facets of the business while keeping a sharp eye on expenses and operational efficiencies. This USB drive contains an essential set of written and recorded training materials designed to help independent owners increase the production and profitability of their storage business.

Materials include:

Auditing

“Conducting an Effective Facility Audit and Operational Review” presentation and video
Site audit checklist/worksheet

Marketing

“Cost Effective Marketing” presentation slides
“Marketing 101: Turning Smart Marketing into Higher Profits” presentation slides

Facility Operation

“Managing a Self Storage Facility” book
“Complete Self Storage Handbook” book
Owner-operator leadership workshop presentation slides and workbook
“Effectively Owning and Operating a Self Storage Facility” presentation slides
“Giving Your Self Storage Facility a Tune-Up” presentation slides
“Managing a Self Storage Facility Effectively and Professionally” presentation slides
“Self Storage 101: Best Practices for Success” presentation slides
“Self Storage Due Diligence, Ownership & Development” presentation slides

Revenue Management

“Revenue Management 101: Using Effective Techniques to Increase Revenues and Asset Value” book
Presentations on increasing profits and ancillary income

Self-Storage Key of Knowledge: The Complete Facility-Operation Kit [USB Drive]

Thu, 20 Jan 2022 16:32:47 GMT

This USB drive contains a comprehensive set of written and recorded training materials on self-storage auditing, collections, customer service, marketing, facility operation, revenue management and sales.

Creator: Bob Copper, Owner, Self Storage 101
Platform: USB Drive (USPS Shipping Required)
File Formats: PDF, PowerPoint, Windows Media, Word

NOTE: Please allow up to three business days for the processing of your order.

Self-Storage Key of Knowledge: The Complete Facility-Operation Kit
Running an effective and efficient self-storage operation has many complexities, from training staff to facility auditing, sales, customer service and revenue management. This USB drive contains a comprehensive set of written and recorded training materials designed to help operators increase the production and profitability of their storage facilities. The handy USB drive contains:

Auditing

“Conducting an Effective Facility Audit and Operational Review” presentation and video
Site audit checklist/worksheet

Collections

“Collections 101: Using Effective Collections Techniques to Increase Revenue and Profits” video
“Effective Collection Techniques Without Sacrificing Customer Service” presentation slides
“Self Storage Auctions” presentation slides

Customer Service

“Customer Service 101: Using Common Sense to Provide Superior Customer Service” presentation and video
“Handling Difficult Customers” tip sheet

Marketing

“Cost Effective Marketing” presentation slides
“Marketing 101: Turning Smart Marketing into Higher Profits” presentation slides

Facility Operation and Ownership

Customizable “Self Storage Facility Operations Manual” book
Customizable “Self Storage Employee Handbook” book
“Managing a Self Storage Facility” book
“Complete Self Storage Handbook” book
Owner-operator leadership workshop presentation slides and workbook
“Effectively Owning and Operating a Self Storage Facility” presentation slides
“Managing a Self Storage Facility Effectively and Professionally” presentation slides
“Self Storage Due Diligence, Ownership & Development” presentation slides
Article on effective time-management training

Revenue Management

“Revenue Management 101: Using Effective Techniques to Increase Revenues and Asset Value” book
Presentations on increasing profits and ancillary income

Sales

“Sales 101: Turn More Prospects Into Tenants” presentation and training video
“Price Stalls” tip sheet
“NOT Renting Space Is an Expensive Proposition” article
“Using the ‘Yes or Yes’ Sales Technique” presentation slides

Storage World Analyzer Software, Version 2

Thu, 20 Jan 2022 17:29:49 GMT

NEW VERSION! This cloud-based software is designed to provide self-storage buyers and investors with cash-on-cash return estimates and 10-year cash-flow projections based on unit mix and assumption variables.

Creator: Mark Helm
Platform: Cloud-Based Software

Download Sample Reports!
PDF Format

IMPORTANT! PLEASE READ!
Your purchase of Storage World Analyzer includes online access to the software from which you will be able to run an unlimited number of detailed, printable reports. This is NOT a downloadable software program, nor is it available on disc.

When you complete your purchase, you will immediately receive a PDF voucher containing instructions to redeem the offer. You will find it in your “My On-Demand Library.”

Storage World Analyzer Software, Version 2
Newly updated with expanded projection capability! The numerous variables that make self-storage a unique real estate asset also make conventional predictive tools less than ideal when determining if a potential buy will make a good investment. This cloud-based software is designed to provide self-storage buyers and investors with detailed cash-on-cash return estimates and 10-year cash-flow projections based on unit/pricing mix and several assumption variables, including acquisition price and other investment costs, income, expenses, occupancy, capitalization rate, and debt service. It includes:

Internal rate of return forecasting
Cash-on-cash estimates
10-year cash-flow projections
Unit-mix and pricing-optimization tools
Easy, step-by-step recording of data variables
Detailed, printable reports
Ability to customize reports with company logo
Video tutorials
Unlimited access with no time constraints

Version 2 of the software has been streamlined for efficiency and ease of use, and includes new and refined modules that allow users to make long-term projections on all types of self-storage property investments including:

Existing facility acquisitions
Raw land with new construction
Conversion projects
Facility expansions

Disclaimer
Self-storage investor Mark Helm created Storage World Analyzer to help him better examine potential deals on existing storage facilities or land purchases. He spent a dozen years improving the program for personal gain prior to making the cloud-based program available to other investors and operators.

Use of Storage World Analyzer does not guarantee investment success. Its usefulness as an analytical tool is predicated on the accuracy of the data put into the system. Industry averages may be used to generate initial reports and then replaced with more accurate assumptions collected during due diligence to assist with projections.

About the Creator
Mark Helm, CCIM, is a commercial real estate agent who started working with REITs in the mid-1990s to locate and purchase self-storage properties. As he learned the business, Mark struck out on his own to invest in self-storage and purchased his first project at the beginning of the 21st century. Through trial and error, he created a strategic system of analyzing and buying storage property, and today is working toward a goal of building a $60 million portfolio. Mark is also the author of “Creating Wealth Through Self-Storage,” which is available through the ISS Store in softcover and digital PDF format.