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Offline wpr  
#16 Posted : Tuesday, July 30, 2013 12:48:53 PM(UTC)
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Originally Posted by: 4PackGirl Go to Quoted Post
thanks wayne & we thankfully have an amazing attorney & accountant with experience in these matters. between them & doing research of the Illinois laws, we have a pretty darn airtight agreement each tenant must sign outlining all of those concerns you had & many more. can you believe we have to specify nothing 'LIVE' can be stored in them?? that was a new one for me. apparently some people were using them to keep animals & in some cases, people were trying to live in them. GAH!!

we have Bradley University just up the road from us & several commercial companies that have shown interest in using our facilities. we're hoping for more of those & less individuals. we're also having people apply for a unit - they don't automatically get one.

and again, thank you so much for your offer. there may be things that come up we could use help with so I will certainly keep you in mind.


Yeah I thought about people wanting to live in them or keep animals. I decided not to mention it.

Speaking of accountants, did he/she suggest a credit check on perspective new tenants?

Just thought of something my brother uses on his apartments.

Let's say the rent is due on the first of the month and you want $65 a month for the unit. You tell them (and have them sign the agreement) that rent is $70 a month but if they pay by the 30th of the prior month they get a discount of $5 and ONLY have to pay $65 but if they are late they pay the full rent.

The more commercial tenants the better.
"You don't hurt 'em if you don't hit 'em." Chesty Puller



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Offline Zero2Cool  
#17 Posted : Tuesday, July 30, 2013 1:31:52 PM(UTC)
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Offline 4PackGirl  
#18 Posted : Tuesday, July 30, 2013 4:43:37 PM(UTC)
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we've actually decided that commercial accounts & any veteran will receive an automatic $5 off per month.
OR if they sign a year contract & pay up front, anyone else gets a $5 off discount/month.

we didn't want to complicate it too much so we're sticking to those terms.
maybe after we're in business awhile, we can adjust things. thanks for the ideas wayne!!

the area we're in has other ministorages very near us & I do believe that one of them may be our best advertising. apparently the manager of the storage complex refuses to do any sort of snow removal & has been rude to a lot of customers who have stopped by during the process of building ours. I can't believe he doesn't remove snow, lets ice build up, doesn't spray the weeds around the property, & will mow maybe once a year. crazy!
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Offline 4PackGirl  
#19 Posted : Tuesday, July 30, 2013 4:46:52 PM(UTC)
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Originally Posted by: Zero2Cool Go to Quoted Post
http://www.paulgraham.com/startupmistakes.html


great info in there, kev. thanks to you as well. we decided to form a single member LLC so that all of my farmland will be protected from any potential lawsuits - well as much as it can be. you never know in this day & age what could possibly happen.

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Offline Cheesey  
#20 Posted : Wednesday, July 31, 2013 5:11:15 PM(UTC)
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CONGRATS ILLY!!!

FINALLY, i will be able to say i know a MILLIONAIRE!Big Grin
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4PackGirl on 8/1/2013(UTC)
Offline 4PackGirl  
#21 Posted : Thursday, August 1, 2013 5:47:14 PM(UTC)
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Originally Posted by: Cheesey Go to Quoted Post
CONGRATS ILLY!!!

FINALLY, i will be able to say i know a MILLIONAIRE!Big Grin



uhhhh...let's not get carried away there old man.
Big Grin

property is looking a lot more like a business & not a construction zone.
we rented two larger units today with more people coming on Monday.
so far...so good!
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Offline vegOmatic  
#22 Posted : Thursday, August 1, 2013 8:28:04 PM(UTC)
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You didn't build it. :p
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Formo on 8/2/2013(UTC)
Offline Formo  
#23 Posted : Friday, August 2, 2013 12:19:55 PM(UTC)
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Originally Posted by: vegOmatic Go to Quoted Post
You didn't build it. :p


I see what you did thar. Laughing
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