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28 May 2024

Self Storage Success: 6 Steps to Secure Your First Facility Purchase


James McLean

Union Realtime

Looking for a potential Self Storage acquisition is a great way to get into the industry while not taking on the risk of developing ground up.

Here’s a step-by-step Checklist to get started:

*** 1. Research and Identify Potential Properties ***

*** 2. Financial Analysis and Offer ***

*** 3. Learning the Operational Side ***

*** 4. Building Relationships ***

*** 5. Continuous Learning and Scaling ***

*** 6. Financial Management ***

Starting small allows you to make and learn from mistakes without risking large sums of money. This approach helps you build a solid foundation, understand the intricacies of the business, and grow confidently in the self-storage industry.

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