IT JUST TAKES 3 things to be successful in Self Storage. experience is not one of them. Learn why most people fail.

By Marc Goodin,  CEO of Storage Authority  www.StorageAuthorityFranchise.com

Below are the 12 keys to building a successful self-storage.  That would be a lot to learn.  Very few self-storage developers are even an expert in 1 or 2 categories.  

These keys are the subject of our Jan 9,  2025,  10am – 11am webinar. It is good to know the process but you do not have to be a pro aat each one.  Here is the link to register: https://us02web.zoom.us/meeting/register/tZIkceuspj0pGNe9dIy9sCkIhuR8bHeRXw3u#/registration

The 12 Keys to Self Storage Development

1  Research & Planning

2  Location Location Location

3  How Much Land Is Needed

4  Zoning

5  Purchasing The Land

6  Designs

7  Approvals

8  Construction

9  Construction Cost

10 Loan Options

11 Owners Capital & Total Capital Required

12 Pre-Opening Operation Preparations

Most people fail because they never get started.

The number 1 reason most people don’t even get started is FEAR OF FAILURE.

Once you understand these three things the fear will fade and it will be time to start.

1)    Partnership: Success does not happen solo.  It takes a team of experienced advisors, Including an engineer, architect, banker, real estate agent, attorney, contractor and self-storage expert to bring the insights and resources you need to succeed.  You may even need an ownership partner for financial backing or to share the duties to reduce the time commitment.

2)    Mentorship:  The best way to learn faster and gain confidence quickly is to have a trusted advisor.  Learning from someone who’s already where you want to go is wisdom.  At the beginning of my engineering career, I did not go where I could get the biggest paycheck but where they had the best mentors.  It was the best decision I ever made.

3)    Deal Flow:  Without constant deal flows nothing matters. The ability to find, analyze, and close deals is what matters.  I like to say look at 100 properties, make an offer on three, and buy one.

Knowing your partners is key to success.

Are you ready to consider the best real estate investment?

Let’s set a time to talk this week. Marc@storageauthority.com

Cheers

Marc

Ps don’t forget to sign up for our 1 hour webinar on the 12 keys to building a successful self-storage webinar Jan 9,  2025, 10 am – 11am.  Register here: https://us02web.zoom.us/meeting/register/tZIkceuspj0pGNe9dIy9sCkIhuR8bHeRXw3u#/registration

See you there!

Pss  If you want a 1 page summary of each of the 12 keys to self-storage success email me with “12 Keys” in the subject line.  Marc@storageauthority.com