Let's talk about self storage.

If you have an existing property with some room to expand…you've got $100k to spend…what will create solid value add?

1) NOKE locks?

2) adding portable storage? (Containers?  MASS Units from Janus or another source?) 

3) paint your property?

4) seal coat your drives or improve your drives?

these are examples…what do you all think would be good?

John McAfee 214-923-0070

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John McAfee
The Storage Place - DFW, Frisco
Frisco TX
(214) 923-0070
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Original Message:
Sent: 8/18/2023 3:16:00 PM
From: Mike Gately
Subject: RE: $100k expansion options…what are good options?

Preserving your current income stream would be my highest priority. So I would paint and seal coat to keep my site worthy of tenant retention and their satisfaction,

and better potential of higher rents.

Then I would do the portable storage.

That depends on several factors. The first thing to take a hard look at is where there might be room to increase revenue. Remember, even at a ridiculous 10 cap rate, every $1000 you add to your NOI equals an additional $10k in sales price. If there is some low hanging fruit there, then your priority would be a solid revenue management program bolstered by an aggressive marketing campaign to maintain high level occupancy. This will maximize revenue and therefore, maximize sale price. 

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Monty Rainey
Chief Executive Officer
RPM Storage Management/SQubed
New Braunfels TX
(830) 832-9496
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How about investing in Solar panels?  The federal government is handing out 40% tax credits on the installation cost .  This assumes you're using American made products that provide a 10% tax credit bonus.  30% is the standard tax credit no matter what you use.  Add to this a MACRS accelerated asset depreciation over 5 years and I think you've got a win-win that is hard to beat.  

You've reduced your utility bill, "gone green", and not bothered any tenants to get it done.  

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Justin Vosburg
Property & Equipment Supervisor
Affordable Attic Self Storage
Harlingen TX
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The domestic content bonus is proving harder to achieve than originally thought. I would however recommend checking if your project is located in an energy community. That is another 10% tax bonus you can achieve.  

you can check your address on this tool from the DOE  

https://arcgis.netl.doe.gov/portal/apps/experiencebuilder/experience/?id=a2ce47d4721a477a8701bd0e08495e1d

Happy to field any questions you may have regarding going solar - no obligations. 

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Brian Regnier
Big Sun Solar
San Antonio TX
(210) 960-2303
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Original Message:
Sent: 08-25-2023 10:34 AM
From: Justin Vosburg
Subject: $100k expansion options…what are good options?

How about investing in Solar panels?  The federal government is handing out 40% tax credits on the installation cost .  This assumes you're using American made products that provide a 10% tax credit bonus.  30% is the standard tax credit no matter what you use.  Add to this a MACRS accelerated asset depreciation over 5 years and I think you've got a win-win that is hard to beat.  

You've reduced your utility bill, "gone green", and not bothered any tenants to get it done.  

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Justin Vosburg
Property & Equipment Supervisor
Affordable Attic Self Storage
Harlingen TX
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