wpr
  • wpr
  • Preferred Member
11 years ago

Yes.. it never fails to make an impression the amount of crap and single person seems to want to keep in their possession. My shop would prove that I am not immune to that either.. even when focused on eliminating some of it. And those occasions where I dig into the boxes of left overs for need.

Originally Posted by: Pack93z 



I love the George Carlin bit on how Americans need more cra- stuff.
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Wade
  • Wade
  • Veteran Member
11 years ago

It really is. Over the years I have come close to getting a mini storage place after all I have 3 insureds in the business. This year I decided to buy my own little storage shed and stick it out in back.

It does seem like more and more people are telling me they keep some of their belongings in mini storage.

Originally Posted by: wpr 



Absolutely. If I had been anything approaching good with money, it's in the top five of businesses I'd try.


And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
4PackGirl
11 years ago

i'm amazed also at what people store In these things. it's not cheap. our 10x20's are $95/month & our 10x10's are $65/month. a lot of people store complete crap & waste tons of money doing so but hey - who am I to judge? i'll be happy to take their money & provide them with a service they need.

those interested in doing something like this should know that we went with a Wisconsin company - Trachte Buildings. they are a solid steel building - not one bit of wood involved in the construction. each building comes as sort of a kit with thousands of bolts, nuts, screws, panels, steel walls, etc... they were about middle of the road expense-wise. we're so far very happy with the quality of the product. we've probably spent upwards of $95,000 on prepping the property, the concrete, a huge retaining wall, & miscellaneous construction costs. our plan is to put everything we make to pay the commercial loan off - we're hoping to do so in 7 years. from there on, it'll be a nice retirement for us in addition to my farmland I cash rent. when we no longer need the income, the profits will be given to our boys. my parents always told us that they want to see us enjoy whatever money they are able to gift us while they're alive & we plan to do the same with our kids.
wpr
  • wpr
  • Preferred Member
11 years ago
Julie has anyone instructed you on what to allow and not allow your tenants to store?

Obviously you don't want radioactive material. But even gasoline or other flammable material can be an issue.

Food would be bad as well. You don't want rats or roaches.

Are you gong to have them sign a form that says they know you don't have insurance for them? Some landlords require their tenants to give them proof of renters insurance. It would not be legal unless it is int he contract agreement that you have them sign.

I know there are 1000 other issues but I figure someone is showing you the ropes so you don't have to start on square 1. If not tell me and I will put you in touch with someone with years of experience who is not in competition with you.
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4PackGirl
11 years ago

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.
wpr
  • wpr
  • Preferred Member
11 years ago

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.

Originally Posted by: 4PackGirl 



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.

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4PackGirl
11 years ago

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!
4PackGirl
11 years ago

http://www.paulgraham.com/startupmistakes.html

Originally Posted by: Zero2Cool 



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.

Cheesey
11 years ago
CONGRATS ILLY!!!

FINALLY, i will be able to say i know a MILLIONAIRE![grin1]
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Fan Shout
Zero2Cool (19h) : sounds like Packers don't get good compensation, Jaire staying
dfosterf (23h) : Nobody coming up with a keep, but at x amount
dfosterf (23h) : Trade, cut or keep
dfosterf (16-Apr) : that from Jaire
dfosterf (16-Apr) : My guess is the Packers floated the concept of a reworked contract via his agent and agent got a f'
Zero2Cool (16-Apr) : Yes, and that is why I think Rob worded it how he did. Rather than say "agent"
dfosterf (16-Apr) : Same laws apply. Agent must present such an offer to Jaire. Cannot accept or reject without presenting it
Zero2Cool (16-Apr) : I'm thinking that is why Rob worded it how he did.
dfosterf (16-Apr) : The Packers can certainly still make the offer to the agent
dfosterf (16-Apr) : Laws of agency and definition of fiduciary responsibility
dfosterf (16-Apr) : Jaire is open to a reduced contract without Jaire's permission
dfosterf (16-Apr) : The agent would arguably violate the law if he were to tell the Packers
Zero2Cool (16-Apr) : That someone ... likely the agent.
Zero2Cool (16-Apr) : So, Jaire has not been offered nor rejected a pay reduction, but someone says he'd decline.
Zero2Cool (16-Apr) : Demovksy says t was direct communication with someone familiar with Jaire’s line of thinking at that moment.
Zero2Cool (16-Apr) : Demovsky just replied to me a bit ago. Jaire hasn't said it.
dfosterf (16-Apr) : Of course, that depends on the definition of "we"
dfosterf (16-Apr) : We have been told that they haven't because he wouldn't accept it. I submit we don't know that
dfosterf (16-Apr) : What is the downside in making a calculated reduced offer to Jaire?
Zero2Cool (15-Apr) : Packers are receiving interest in Jaire Alexander but a trade is not imminent
Zero2Cool (15-Apr) : Jalen Ramsey wants to be traded. He's never happy is he?
Zero2Cool (15-Apr) : two 1sts in 2022 and two 2nd's in 2023 and 2024
Zero2Cool (15-Apr) : Packers had fortunate last three drafts.
dfosterf (15-Apr) : I may have to move
dfosterf (15-Apr) : My wife just told the ancient Japanese sushi dude not enough rice under his fish
Zero2Cool (14-Apr) : I think a dozen is what I need
dfosterf (14-Apr) : Go fund me for this purpose just might work. A dozen nurses show up at 1265 to provide mental health assistance.
dfosterf (14-Apr) : Maybe send a crew of Angels to the Packers draft room on draft day.
Zero2Cool (14-Apr) : I am the Angel that gets visited.
dfosterf (14-Apr) : Visiting Angels has a pretty good reputation
Zero2Cool (14-Apr) : what
Martha Careful (14-Apr) : WINNING IT, not someone else losing it. The best victory though was re-uniting with his wife
Martha Careful (14-Apr) : The manner in which he won it was just amazing and wonderful. First blowing the lead then getting back, then blowing it. But ultimately
Zero2Cool (12-Apr) : I'm guessing since the thumb was broken, he wasn't feeling it.
dfosterf (10-Apr) : Looking for guidance. Not feeling the thumb.
Mucky Tundra (10-Apr) : If they knew about it or not
Mucky Tundra (10-Apr) : I don't recall that he did which is why I asked.
Zero2Cool (10-Apr) : Guessing they probably knew. Did he have cast or something on?
Mucky Tundra (10-Apr) : Did they know that at the time or was that something the realized afterwards?
Zero2Cool (9-Apr) : Van Ness played most of season with broken thumb
wpr (9-Apr) : yay
Zero2Cool (9-Apr) : Mark Murphy says Steelers likely to protect Packers game. Meaning, no Ireland
Zero2Cool (8-Apr) : Struggling to figure out what text editor options are needed and which are 'nice to have'
Mucky Tundra (8-Apr) : *CHOMP CHOMP CHOMP*
Zero2Cool (2-Apr) : WR who said he'd break Xavier Worthy 40 time...and ran slower than you
Mucky Tundra (2-Apr) : Who?
Zero2Cool (2-Apr) : Texas’ WR Isaiah Bond is scheduled to visit the Bills, Browns, Chiefs, Falcons, Packers and Titans starting next week.
Zero2Cool (2-Apr) : Spotting ball isn't changing, only measuring distance is, Which wasn't the issue.
Zero2Cool (2-Apr) : The spotting of the ball IS the issue. Not the chain gang.
Mucky Tundra (2-Apr) : Will there be a tracker on the ball or something?
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