Self-Storage Takeover: An Investor Assesses His Latest Acquisition for Value-Add Opportunities

When an investor purchases a self-storage facility, they generally have plans to improve the business, boost revenue and add value to the asset. For example, they might hire a management company, fix up the curb appeal, upgrade site security, install new software and other technology, reconfigure units, or add a new revenue stream such as portable units or boat/RV storage. A revamp is definitely the plan for Alex Quezada and his new purchase in Jackson, Michigan. In this video, he walks you through the site, sharing the changes he intends to make to the operating model and physical property and how these upgrades might impact the bottom line. He also shares tips for taking over the operation and communicating with tenants. Watch and get pointers for your next investment.