There is a broad spectrum of opinion regarding what is necessary for a pre-purchase or pre-sale audit. In either instance, hiring an auditor from outside the self storage industry, who does not understand the business of self storage, is a sure way to spend money unnecessarily. Knowing what reports and figures are needed, what documents should be produced, the physical status of the property, and the ability to interpret the compilation of data is vital.
From the buyer’s point of view, you are looking for an income producing property, or at least one that has great earning potential. The purpose of this audit is to verify that what the seller is telling you is, in fact, reality. When selling a property, preparing all of the essentials that a buyer will need will expedite the process, and assure the perspective owner that his money will earn the desired return.
The distinct vantage of ownership, not just management, gives Joshua Management the unique focus to know exactly what information is needed, and experience to decipher that information.