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When I bought this storage facility, I was expecting to make money. It was the first time I ever brought investors on, so there was a lot of pressure. And of course, things had to go wrong.
None of the issues were caught during due diligence - a period of time where we scout and inspect a facility. We get property condition reports to help us narrow down any potential issues with the property, and we talk to the owners to get their insight .
But that didn't help. And it affected our occupancy and revenue drastically. What happened, and how can you avoid it happening to you?
Learn more about what other mistakes to avoid during due diligence: [ Ссылка ]
CHAPTERS
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0:01 The Failure
0:51 The Deal & Due Diligence
2:04 The First Problem
3:02 The Second Problem
4:31 The Aftermath
8:29 The Solution
11:19 The Proper Expectations
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