Why Storage Investing Deals Die During Due Diligence

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What's the one clause in your storage deal that could cost you six figures…and would your attorney even catch it?

Joe Downs pulls back the curtain on the legal side of storage investing with Jason Mandel, the commercial real estate transaction attorney at Royer Cooper Cohen Braunfeld who quarterbacks every deal for Downs' 20-plus facility, $70M+ storage portfolio.

Mandel reveals the $900,000 mistake an ALTA survey prevented on a $1.5M self-storage acquisition, why signed LOIs are never fully non-binding, how to stop the due diligence clock from running before you're ready, and the title, zoning, and CCR landmines hiding in storage acquisitions.

If you're underwriting your first storage deal or still using your brother-in-law as counsel, this is the market intelligence you need before you sign anything.

Listen For:

2:29 What is the most expensive mistake first-time storage investing buyers make?

11:11 How did one ALTA survey save a $1.5 million self-storage deal?

14:20 Is a signed letter of intent on a storage facility really non-binding?

19:55 When does the due diligence clock actually start on a storage acquisition?

29:42 When does Jason Mandel say to bring an attorney into your storage deal?

CONNECT WITH GUEST: JASON MANDEL, REAL ESTATE ATTORNEY, ROYER COOPER COHEN BRAUNFELD

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CONNECT WITH US

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Check out the FULL episode on YouTube

https://www.youtube.com/@TheStorageMoguls

60 minutes

Storage Moguls Live. Friday, October 16 in White Marsh, Maryland. One day with self storage owners. Walk through a real facility and learn how they find, finance, and close deals. Only 15 tickets. Register at https://go.storagemoguls.ai/white-marsh-md before Thursday.