When considering buying a self-storage facility, it is important to conduct a survey to gather necessary information and ensure a successful purchase. Conducting research and evaluating factors such as wetlands, easements, zoning requirements, and flood limits is crucial before making an initial offer. Maneuvering and negotiating with the seller is also important, including discussing the […]
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If you’re wondering whether your renters insurance policy covers belongings stored in a self-storage unit, you’re in the right place. Renters insurance typically covers items outside of the home, including those stored in self-storage units. However, there are limitations to this coverage. Most renters insurance policies provide coverage for items in storage up to 10%
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Self storage insurance is a type of insurance that offers financial protection for personal belongings stored in a storage unit. It provides a comprehensive guide to safeguarding your valuable belongings and ensuring peace of mind. Coverage Offered by Self Storage Insurance Self storage insurance safeguards belongings from risks such as theft, vandalism, and weather damage.
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Storing a couch safely in self storage requires careful preparation and consideration to ensure its protection and longevity. To maintain your couch in optimal condition, it is crucial to follow a few essential steps. First, start by cleaning the couch thoroughly, vacuuming and using a couch cleaner to remove any dirt or stains. For leather
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The term ARV in real estate can sometimes be challenging to pronounce correctly, but with our guide, you’ll soon master it. When it comes to real estate investing, understanding the concept of After Repair Value (ARV) is essential. ARV refers to the estimated value of a property after it has undergone renovations or improvements. Calculating
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Selling a self-storage business can be a complex task that requires careful planning and strategic decision-making. It’s essential to follow the right approach to ensure a successful sale. The first step in this process is determining if you are truly ready to sell. It’s crucial to assess your readiness objectively and consider if the rational
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LTV (Loan to Value) and ARV (After Repair Value) are essential concepts in the world of real estate, influencing financing options and investment decisions. In simple terms, LTV represents the percentage of a loan in relation to the property’s value. This ratio is used by lenders to assess the risk associated with a loan. A
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When it comes to financing a real estate investment, many individuals wonder if a family member can provide the necessary loan. The good news is that, yes, a family member can indeed provide a loan for real estate investment. This type of loan is commonly known as a private home loan or an intrafamily mortgage.
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Qualifying for real estate investment loans requires meeting specific criteria and following certain guidelines. To secure financing for your investment property, you need to fulfill the following requirements: Down payment: Investment property loans typically require a higher down payment compared to mortgages on primary homes. You will likely need to put down 15-20% of the
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Theft in self storage units is a growing concern that raises questions about the frequency of such incidents and the security measures in place. The frequency of theft in these facilities is a cause of worry not only for customers but also for self storage businesses. Some storage facilities with inadequate security systems are more
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