Profile

Mr. Scott Smith

Contact Details

My Content

1 to 17 of 17 total

RE: Newbie looking to Self Storage

Posted By Scott Smith 02-28-2025 01:26 PM
Found In Egroup: Let's talk about self storage. \ view thread
Learning how to invest in self storage takes time, practice, patience and above all - not giving up before you find your first deal (many people do). Read all of the books out there on investing in self storage (there are plenty) and there are groups like TSSA, Storage Rebellion and others that offer ...

RE: Feasibility Studies

Posted By Scott Smith 01-21-2025 08:09 AM
Found In Egroup: Let's talk about self storage. \ view thread
I would say it is definitely worth the investment. Someone I know and trust is is Katherine D'Agostini at selfstorageninjas.com -- Sincerely, Scott Smith | Managing Partner Visionary Asset Management, LLCSelf Storage Investments, Owner/Operator

RE: Number of Employees for Facility

Posted By Scott Smith 11-20-2024 08:22 AM
Found In Egroup: Let's talk about self storage. \ view thread
It really depends on what your goals are and how you want to run your business. With that number of doors, It seems like a challenge to run it remotely (which is our goal). Do you want to work IN the business or ON the business? Are you trying to make as much as possible and willing to do a lot of work ...

RE: Cyber Security in the Self Storage Industry

Posted By Scott Smith 11-17-2024 08:06 AM
Found In Egroup: Let's talk about self storage. \ view thread
I like the idea of hiring someone from the Phillipines and or having more than one person answering the calls - really just having control over the call center piece. Not exactly sure how to set that up. Do you have calls roll over to someone else if that person is not available? My biggest concern with ...

RE: Storable

Posted By Scott Smith 10-23-2024 08:14 AM
Found In Egroup: Let's talk about self storage. \ view thread
I wanted to follow up on this message. We like ESS and feel like it is easy enough to use, but they are sending out price increase notices on a regular basis. I can think of two in the last year. I don't know about others but I am not able to keep pushing rates in this economy and I feel like expenses ...

RE: Storable

Posted By Scott Smith 10-10-2024 08:58 AM
Found In Egroup: Let's talk about self storage. \ view thread
I would be interested in hearing your analysis. Perhaps others would as well. -- Sincerely, Scott Smith | Managing Partner Visionary Asset Management, LLCSelf Storage Investments, Owner/Operator

RE: Property Taxes

Posted By Scott Smith 08-06-2024 10:13 AM
Found In Egroup: Let's talk about self storage. \ view thread
Not every county is the same, but the income approach is definitely what I am getting hit with currently. It is a catch 22. If you don't get the numbers and income to them so they can tax you "appropriately" then they will hit you based on their own projections. If you do give the date to them, they ...

RE: E-leasing

Posted By Scott Smith 08-03-2024 08:31 AM
Found In Egroup: Let's talk about self storage. \ view thread
We use Easy storage solutions but there are lots of others out there. I think it depends on your goals and what size storage facility you have. So far we have been pretty pleased with ESS other than the consolidation the company who owns it is doing in the industry and the regular price increases. -- ...

RE: Slump in Business

Posted By Scott Smith 12-22-2023 08:24 AM
Found In Egroup: Let's talk about self storage. \ view thread
Last year we were averaging in the mid 90% for occupancy (and since we have owned our TX facility this has been the norm). Now, we are around 88%. This appears to be the new norm. Historically, my understanding is that around 85% has been the norm for occupancy in self storage. And that operators had ...

RE: Weeds Keep Popping Up on Gravel Log (Outdoor Boat & RV Storage Lot)

Posted By Scott Smith 12-15-2023 08:44 AM
Found In Egroup: Let's talk about self storage. \ view thread
Some great suggestions here. One thing I thought about that hasn't been mentioned yet is that whoever is mowing your lawn could be mowing towards the driveways when they mow. This happened to me after I just layed down new gravel. I wasn't happy about it and brought it up to the lawn care person immediately. ...

RE: Any updates on the newspaper ad requirement vote?

Posted By Scott Smith 06-11-2023 09:36 AM
Found In Egroup: Let's talk about self storage. \ view thread
What a disappointment for our entire community. Perhaps I missed the rallying call for us all to reach out to our Senators before the vote. It is hard to believe the newspaper industry still has such a big influence. More unsettling is that our current politicians don't understand that this model ...

RE: Delinquent Tenants - Alternative to Cutting off Locks

Posted By Scott Smith 05-17-2023 08:12 AM
Found In Egroup: Let's talk about self storage. \ view thread
Unfortunately cutting their lock is the only solution. If it is a small lock you can cut w lock cutter - cylinder locks require a grinder. if you have a gate at your facility you can lock them out that way but unfortunately you will still have to cut lock. ------------------------------ Scott Smith ...

Any updates on the newspaper ad requirement vote?

Posted By Scott Smith 04-26-2023 08:13 AM
Found In Egroup: Let's talk about self storage. \ view thread
I know the voting was earlier this week and wanted to know if anyone has heard about the results? Sincerely, Scott Smith | Managing Partner Visionary Asset Management, LLC Self Storage Investments, Owner/Operator

RE: Ending the Mandatory Print Notice for Auctions?

Posted By Scott Smith 10-27-2022 09:08 AM
Found In Egroup: Let's talk about self storage. \ view thread
I am glad this at the top of the agenda. I hope it stays there until passage. I wonder if there is an update on where we are currently in this process and if it would be beneficial for TSSA to provide a "scripted letter" for members that we could all send out so that the same message is sent from everyone? ...

Ending the Mandatory Print Notice for Auctions?

Posted By Scott Smith 10-24-2022 08:59 AM
Found In Egroup: Let's talk about self storage. \ view thread
Hello, Is there any progress on ending this in TX? Every time I have to pay for this I wonder how close we are getting to eliminating this fee? I have a storage facility in MS and they did away with this sometime ago (and they don't even have a storage association). ------------------------------ ...

RE: Charging sales tax for auctions in TX

Posted By Scott Smith 05-24-2022 11:23 AM
Found In Egroup: Let's talk about self storage. \ view thread
Thanks for that info. I did look in the gold book but didn't see it. I looked in the back under auctions or sales taxes or taxes but didn't think to look under the foreclosures topic. Anyway, got it added. ------------------------------ Scott Smith EZ Storage Waco TX ---------------------------- ...

Charging sales tax for auctions in TX

Posted By Scott Smith 05-23-2022 12:37 PM
Found In Egroup: Let's talk about self storage. \ view thread
I am setting up a profile at storageauction.com, and I can't seem to find an answer for if I am required to charge sales tax when selling an auctioned unit? I have the option to leave this at 0 or put in a number for this. Anyone know the answer to this? Much appreciated in advance. ------------------------------ ...