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RE: Newbie looking to Self Storage

Posted By John McAfee 03-04-2025 08:10 AM
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Reginald, jump in the water is warm. Recommendations, keep your day job. Have this be your night job for a while. Buying existing vs building...my recommendation, buy existing. Easier to learn with current cash flow and existing customers. The system that has worked really well for me is very conservative...monthly ...

RE: Renter ask for auction

Posted By John McAfee 12-30-2024 11:36 AM
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1) sorry to hear about this 2) let the renter know they can clean out the units if they are current and move out. No problem and with them well. 3) if they are saying it's now your problem…best is to get them to sign the form that says they are abandoning the unit. With that you can take the stuff and ...

RE: Storable

Posted By John McAfee 10-13-2024 04:58 PM
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Pros and cons of being with the big company. Limited ability to fix problems. Use the conferences and their booth at the conference to get key people to solve the problem of escalate. It's so frustrating and I'm sorry you're experiencing this. JMc --------------------------------- John McAfee CEO / ...

RE: Collections Agency recomendations

Posted By John McAfee 08-08-2024 09:10 AM
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Steve, sending customers that owe us money to collections is something we do monthly. It’s a small consequence to the customers for not paying their bills. We do not get much money but we do have trickle in checks. We use: American Collection Agency out of OKC. LOUISE KIPER 800-657-7318 x 121, Lou ...

RE: we need pooled assets

Posted By John McAfee 08-08-2024 08:48 AM
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David, property taxes is one of my most frustrating experiences…every time. Forces you to really pay attention to rate increases or you just make less money. The new law capping the increase you pay from year over year is going to help but that cap still means a 20% increase annually is possible if not ...

RE: Software

Posted By John McAfee 08-08-2024 08:42 AM
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Diane, I have switched from one software to another and it’s painful every time. Something always doesn’t transfer that you thought would. But it will be fine. I have significant experience with webselfstorage and storedge. I’ve transferred all of my stuff to storedge and I’m finally dialed in. Pick ...

RE: Exit plan

Posted By John McAfee 08-08-2024 08:22 AM
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Thomas/Mark, these are big decisions. Expensive decisions. CPA and Brokers will have the most “at bats” with issues like this. Thanks Jon for your response…right on the money IMO. My past assumptions have been that 25% of sales price will be your tax +/- LOTS goes into your actual tax but for planning ...

RE: Foreclosure/Auction - Tenant Incarcerated

Posted By John McAfee 11-06-2023 07:11 AM
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I'm with JoLea! John McAfee 214-923-0070 ------------------------------ John McAfee The Storage Place - DFW, Frisco Frisco TX (214) 923-0070 ------------------------------

RE: Recently acquired facility leases

Posted By John McAfee 09-21-2023 08:11 AM
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In the assignment of leases when you acquire a property you assume the leases in place. Signed or not by lessor or lessee something is assumed to be in place. but, you need to work to get the TSSA Lease in place. Best if everyone signs, e-sign or signature, better is emailed lease saying this is ...

RE: DRUG DEALERS LOVE STORAGE UNITS

Posted By John McAfee 09-21-2023 08:06 AM
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The K-9 unit training ground is awesome. Great idea. The cops may also give you a plaque to post that says k-9's actively training or something like that. Nice work. ------------------------------ John McAfee The Storage Place - DFW, Frisco Frisco TX (214) 923-0070 ------------------------------

RE: $100k expansion options…what are good options?

Posted By John McAfee 08-19-2023 09:43 AM
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Thanks Mike...good advice. JMc

$100k expansion options…what are good options?

Posted By John McAfee 08-18-2023 12:56 PM
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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? ...

RE: Newbie to the Self Storage Industry

Posted By John McAfee 03-21-2023 12:58 PM
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Josh, send me a text John McAfee 214-923-0070 and I’ll send you the contacts I have that you might need. Good luck. John McAfee 214-923-0070 JMc0070@hotmail.com www.TheStoragePlace.org --------------------------------- John McAfee The Storage Place - DFW, Frisco Frisco TX (214) 923-0070 ----- ...

RE: SelfStorage Development Due Dilligence

Posted By John McAfee 03-21-2023 12:56 PM
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Milad, contact Jonah Hall at Smart Lock Self Storage. They have a construction management and due diligence team to assist. Possibly. +1 (417) 848-2425 call Jonah to see how his firm might help you. Good luck. John McAfee 214-923-0070 JMc0070@hotmail.com www.TheStoragePlace.org -------------- ...

RE: COUNTY APPRAISER CALLED ASKING QUESTIONS - What do other owners share (or not share)?

Posted By John McAfee 01-08-2023 11:07 AM
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Ryan, welcome to Ellis County. The CAD here is more than aggressive...they are oppressive. Any information you share will be used against you and the rest of us in the industry. Fight the valuation annually to keep it as low as you can. The income approach is one path to valuation and there are others. ...

RE: Have you been effected by catalytic converter theft?

Posted By John McAfee 11-19-2022 12:58 PM
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So sorry for you and your customers. We were building a storage property and my asphalt company dump truck was left over night at the job site…converter was stolen. $15k to replace and 3 months with the truck out of service waiting on parts. Ugh. My preference dealing with this involves the NRA but wiser ...

RE: Bad Tenant

Posted By John McAfee 10-23-2022 02:21 PM
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Good idea. This is you or your manager talking with your competition. Help everyone not deal with this guy. Thanks. John McAfee 214-923-0070 --------------------------------- John McAfee The Storage Place - DFW, Frisco Frisco TX (214) 923-0070 ---------------------------------

RE: Short Term Lease question

Posted By John McAfee 03-16-2022 08:07 AM
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Martin, your thought is correct. Rentals are on a month to month basis. You pay for one month in advance. If he's not out on the 20th, charge his card and he's got another 30 days at his convenience to move out. Good luck. John McAfee 214-923-0070

RE: Property Taxes

Posted By John McAfee 03-18-2021 09:36 AM
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JD, are you using a property tax advisory service to fight your property taxes or are you doing yourself? If you are using someone, who? John McAfee 214-923-0070 www.TheStoragePlace.org/locations ------------------------------ John McAFee The Storage Place Dallas TX (406) 531-1330 ----------------- ...

John McAfee

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