Monthly Archives: December 2016

Forget New Year’s Resolutions!

 Introduction…Every year Americans fail to keep their New Year’s Resolutions.

But, somehow we think if we just try harder, this year will  be different.

There are scientific and spiritual reasons why we should “Forget New Year’s Resolutions and Instead Prepare Our Minds For Success.”

Click here to watch this powerful 5 minute video.

Click to get 9 Little Known Secrets For Steady Real Estate Income…Free

What Does A Hollywood Music Composer, A Retired BP Executive, And A Self-Directed Retirement Expert Have In Common?

Sunday I drove 250 miles to Yellow Brick Road In Sealy, Texas.

What doest a Hollywood music composer, a retired BP executive, and a self-directed retirment expert have in common?  But, first let’s discuss how the composer got to Sealy, Texas with a population of 6,200.

The Yellow Brick Road Winery (YBR) announced the opening of a piano winery in Sealy, TX.  Partners Gerry Math and Denyce Hobgood  joined together to create a one- of- a- kind wine venue described as an intimate concert hall, a piano bar and wine tasting room- all in one.

Math’s musical accomplishments include composing for 14 motion pictures, 4 of those 12 received Academy Awards (Titanic, Forrest Gump, Legends of the Fall and Last of the Mohicans). Math played Phantom of the Opera on Broadway for four years, toured in Russian with the Bolshoi Theatre, and played at the Royal Albert Hall in London for the Queen’s birthday.

Gerry Math, said: “The inspiration for creating the Yellow Brick Winery was partly due to my desire to share the beauty of music and how music is created for Hollywood movies.  I hope it will be a place people will leave inspired to pursue creativity in life as well as establish Sealy, TX as a destination for performing arts.”

Yellow Brick Road Winery is located at 3587 Ward Bend Road Sealy, TX 77474

So, now you now how Math, the composer, and Hobgood, the retired BP exeutive got togehter to start a winery.  But, that still does not answer our first question.

Before we can answer that question, a self-directed RA or 401K with check-writing privileges was the subject of our meeting. Many firms offer self-directed retirement (that means you make the investment decisions based on your experience, rather than a limited menu offered by many brokerage firms.)

I have been speaking at civic groups, chambers, and 68 Rotary Clubs concerning the power of self-directed IRAs and 401Ks.

However, our speaker Sunday, Rick Pendykoski, has added a new dimension to this retirement strategy. Pendykoski sets up these plans so that the owner has check writing privileges. Especially those owners who are writing many checks benefit greatly. It’s not just the cost of $25 to $50 per check written by the administrator, but sometimes it can take 10 days or more to get the check sent.

This is a detailed subject that requires future discussion.

You may have guessed by now that Hollywood music composer, a retired BP executive, and a self-directed retirement expert all have self-directed IRA or 401Ks with check-writing privileges.

But, you probably did not guess that all three are investors with their retirement money in self-storage properties.

Small world. We are onto a new wave of investing for the individual investor/owner.

 

Five Questions To Ask First About RV/Boat Storage

RV/Boat Storage

Introduction...Ask any boat or RV owner and they’ll tell you: Finding a place to store those vehicles can be tough. Homeowners’ associations hate seeing them in driveways; cities ticket them when they’re parked on the street; and apartment-complex managers don’t take kindly to sacrificing their limited parking.

There is a great opportunity for self-storage business owners to expand our business thanks to the growing demand in RV and boat storage and the low supply thereof. There are five questions one should ask when adding these storage units to our new or existing self-storage business.

1. Why Should We Offer Boat/RV Storage?

The first thing we’ll want to ask ourselves when considering the addition of boat/RV storage is whether it’ll be profitable. In most markets, it will. The main reason is the scarcity of the service.

2. What Type of Boat/RV Storage Should We Offer?

The great thing about adding boat/RV storage to your facility is it won’t necessarily cost a fortune. Besides tailoring it to the needs of future consumers, you can modify it to fit your budget.

There are essentially three types of boat/RV storage, ranging from simple to luxurious. The most basic form is a simple parking lot with spaces available for rent. If we have land you can pave or an existing parking lot that rarely fills up, converting it to storage should be easy. Simply use paint to designate rental spots and number them accordingly.

One step up from parking-lot storage is canopy storage. This type features a roof only or a roof and walls on two or three sides. It’ll cost a little more, but it’s a worthwhile investment if you live in an area where it snows or you get excessive sun; tenants will be happy to know that a canopy is protecting their vehicle from the elements.

If we want to cater to customers who expect luxury, you can offer fully enclosed units. These feature high clearance for even the tallest of vehicles as well as roll-up doors, dependable locks and even unit alarms. If you live in an area where you see many high-end boats and RVs, this type of storage will guarantee you business.

3. What Basic Features Do I Need?

Installing boat/RV storage won’t require you to change everything about our facility, but it will necessitate a few tweaks. The most important thing you’ll want to offer these tenants is space—not just to park but also to drive. We’ll need drive aisles that are at least 35 feet wide to accommodate large motorhomes and vehicles that are towing boats or a fifth-wheel trailer. By giving vehicle owners that extra room, you’ll not only improve their storage experience, you’ll prevent them from potentially damaging your property.

4. What Amenities Should We Offer?

If we really want to go the distance, there are a number of additional features and services we can offer. Wash and dump stations, propane sales, vacuums with long hoses and even air pumps are outstanding amenities that are likely to result in consumers choosing your facility over another. Providing electrical hookups in units will wow tenants as well.

5. How Do We Attract These Tenants?

They’re probably already looking for us! All we have to do is let them know we exist. Prioritize Web-based marketing over older techniques such as print advertising. Use our website by including quality photos of your property as well as a detailed list of amenities you offer specifically for boat and RV owners. Use the same terminology on our website that boat/RV owners use, as this will help your facility place higher in online searches.

In conclusion...With increasing numbers of people eager for a taste of life on the road (or sea), RV and boat storage is more desirable than ever. Fortunately, supply hasn’t caught up with demand—that’s where we come in and can create great cash flow.

Source: Interested in Embarking on Boat/RV Storage? Insider Self-Storage, July 14, 2016

Where Can You Store Your Boat & RV?

RV & Boat Storage…Where?

Introduction…In the United States 11,870,000 recreational boating vessels need storage.  Add to that number 8.900,000 recreation vehicles need storage. That totals 20,770,000 recreational items that need to be stored for the off-season.

RV And Boat Sales Growing Self-Storage Demand…RV The research, conducted by Dr. Richard Curtin, RV industry analyst and director of consumer surveys at the University of Michigan, reveals the number of RV-owning households has grown to a new peak of 8.9 million households, up from 7.9 million in 2005. According to the report, 8.5% of U.S. households now own RVs, up from 8.0% in 2005.  Annual U.S. recreational boat sales have averaged 550,000 per year since 1990.

So, where do the 20,770,000  households store their recreational vehicles and boats?  Most of the larger motorhomes, larger travel trailers, and boats can’t be stored in city residential areas.

The self-storage industry has recognized and met this demand.  Many properties have built larger storage units to accommodate the largest motor-coach.

What’s next..Currently we are negotiating the purchase of a 60,000 square foot boat storage facility.  It seems adding recreational vehicles would be a logical path to take once the sale is complete.