Why Self-Storage Due Diligence Could Be Your Best Investment
MAR 10, 202639 MIN
Why Self-Storage Due Diligence Could Be Your Best Investment
MAR 10, 202639 MIN
Description
Send a textCould a few thousand dollars spent on a Property Condition Report actually save your self-storage investment…and pay for itself many times over? Joe Downs and guest David Harkness of Fivefold Technical Consultants prove exactly why the answer is yes. This is the inspection tool that saved Belrose and their students over $200,000 this year alone. David brings his engineering expertise, drone technology, and boots-on-the-ground experience to every acquisition, and in this episode he reveals what he actually finds on site: failing metal roofs, catastrophic drainage problems, hidden vehicle damage, and deferred maintenance that sellers routinely underestimate. This is the self-storage investing intelligence that separates the investors who survive from the ones who thrive. Listen For::12 What due diligence mistake turned a “$200,000 roof fix” into a $1 million problem?1:50 What is a property condition report and how is it different from a home inspection?7:07 What are the three most valuable things investors get from a property condition report?17:36 Why did this Buffalo-area facility really need a full roof replacement?28:25 What hidden self-storage issues help investors renegotiate major discounts? Leave a positive rating for this podcast with one click CONNECT WITH GUEST: DAVIDE HARKNESS, TECHNICAL DIRECTOR | SENIOR CONSULTANT AT 5-FOLD TECHNICAL CONSULTANTSWebsite | LinkedIn | Email CONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | InstagramJoe Downs on LinkedInBelrose website | Belrose email | Belrose LinkedIn Follow so you never miss a NEW episode! Leave us an honest rating and review on Apple or Spotify.Attend the LAST Self Storage Academy of 2026A 3-Day Live Implementation Event for Investors Ready to Executehttps://selfstorageacademy.com/https://selfstorageacademy.com/