What Does My Self Storage Investing One On One Full Day Training Look Like?
Simply put, You and I will meet at my home office and spend the day doing whatever it is that will move you forward in your storage investing journey. The agenda below is not set in stone as I meet my clients where they are and build upon what they already know. My goal is to serve as your guide and move you forward as quickly and efficiently as possible. The more you know from a nuts and bolts standpoint coming in, the better as that allows us to hit the ground running. We will address any and all nuts and bolts storage questions you have (see below for the most common topics). We will also work together to identify anything that might be standing between them and the life they want to build using self storage. I love helping people discover new ways of approaching success (be it specific to storage or beyond) .
8:15am - 5pm, at my home office in Farmington, NY
Inventory students resources (time, money, expertise, experience, network) to determine optimal investing strategy.
We work together to Solidify your investment Goals, establish optimal investing strategy based on their resources (time, money, expertise, experience, network), risk tolerances and investment objectives. Create an Avatar of your "perfect deal" so you know what you're looking for.
We also go into an in depth exploration of high level Facility prospecting, Facility Primary analysis, In-depth facility financial/market/competitive analysis, deal structure, contracts, operations/management and property expansion.
I will also give you any contact you need, that I personally use and recommend, that can help you moving forward:
I customize the curriculum to you. Subjects covered may include but are not limited to the following:
-Purchase (Existing: Turn key vs. Value Add), Convert, Development
-Where to Look for deals
-Sites, Direct Mail, Cold Call, Google – go the extra mile
-Preliminary Analysis (less than 1 hour): Financial and Supply/Demand
-Blending of Art and Science. Get a “Sense” within 5 minutes then spend more time as indicated. Can I double the value?
-Primary Analysis – Use business plan template as guide
-Speak to Broker/Seller
-Financial Spreadsheets (Best Case, Worst Case, Most Likely): NC example of worst case
-Competition/Supply: How much and how good?
-Market Demographics (population to gauge demand), traffic count, housing types/density
-Equity vs. Borrowing
-Seller Finance/lease Option
-Multiple Offers via LOI
-Pro-rations, purchase price allocation, due diligence docs,
-Remote Management (Fence and automatic gate ALMOST required)
-Boots on the Ground (critical!)
-Late Letters and Auctions
-Other Service Providers (try to have boots on the ground do as many of these as possible)
-Pest Control, Weed Control, Lawn, Snow
-Cost to Build
-Building in the fall (if in snowy area)
-Outdoor Storage as space holder
-Tax Strategies to minimize or eliminate tax on their storage profits
Click Below To Purchase & Schedule Your One On One Full Day Self Storage Training With Mike Wagner.