Adam Daneff

Built residential RE portfolio to 45 units in 3 years, sold and 1031 exchanged into self storage. 210k sqft / 1250 storage units and 18 locations owned

[Adam Daneff @a_daneff]

@GenZMultifamily Tank your credit while the CC’s are maxed out and might not be able to close the loan if there is a delay causing them being maxed to show up on your credit report or you might just end up with a 10% interest rate

[Adam Daneff @a_daneff]

@rob_dubroc That's interesting. What's your average length of stay? For the ones under a year, if the average stay is around nine months, I'm wondering whether the rate increase actually pushed them out, or if they would have moved out anyway.

[Adam Daneff @a_daneff]

@Storage_Venture What’s the benefit? Are you doing it for additional cash flow or forcing tenants to protect themselves to try avoid headaches of uninsured problems. I struggle with forcing it. If cash flow easier to increase rent and keep 100%. I say optional and their problem if uninsured

[Adam Daneff @a_daneff]

@GenZMultifamily Not be a child. Send an email, don’t thanks for taking care of it. if he doesn’t, evict. It’s business, pay your rent or you’re out

[Adam Daneff @a_daneff]

@Storage_Venture What did you do? Hire someone full-time for phones or boots on the ground? We have 16 locations 1150 units and we’re doing it all. At the point where we need to sit back and coast and gradually grow or higher.

[Adam Daneff @a_daneff]

@Storage_Venture Are you the painter 🧑‍🎨

[Adam Daneff @a_daneff]

@REDevManager Yes Michigan

[Adam Daneff @a_daneff]

Just closed on our new facility. 81 units and a duplex.

Very mismanaged. 32 paying customers and 40 delinquent most haven’t paid in over two years.

Going to be a lot of work, but tons of upside

[Adam Daneff @a_daneff]

@theficouple Depends. Is that wealth equity in primary residence, cash flowing real estate, liquid cash, stock portfolio.

[Adam Daneff @a_daneff]

@theficouple How many animals do you have instead of do you have any pets? How many years do you see yourself staying here? Do you currently have first months rent and security deposit available?

[Adam Daneff @a_daneff]

@Arveezy09 @JimKittridge Our average facility size is 70 units. These are easy to plug-in play. Add four or eight units at one spot another 4 or 8 at another. Easy to expand multiple sites at once.

[Adam Daneff @a_daneff]

More portables going in!
Up to 35 buildings 140 units in portables.

Who has more portable units?

Only expanding with portables from now on. Tax deductions all day.

[Adam Daneff @a_daneff]

@JimKittridge Pros and cons to it of course. 100% write off year one really makes up for anything in my mind. According to Janus rep more and more appraisers are appraising them the same as standard buildings. My lender said he didn’t care between the two. Insides are nicer than some standard

[Adam Daneff @a_daneff]

@Jordan_Moorhead $12k per building

[Adam Daneff @a_daneff]

@Storage_Venture Yes. Went a couple years ago and booked for this June. They do a great job. Also check out Sitka Jet ski rental, you can jet ski the inner costal area around Sitka, great time

[Adam Daneff @a_daneff]

@Storage_Venture What other businesses does he own?

[Adam Daneff @a_daneff]

@ThinkAppraiser They probably hired UAE to create the storm

[Adam Daneff @a_daneff]

@realEstateTrent I always love about the 7th. Get 3/4 rent with almost zero effort collecting

[Adam Daneff @a_daneff]

@loganzuber17 Slice and dice