Originally Posted by
Trip7
How's managing Self Storage been for you? I imagine it's a bit easier than rentals. As far as the Equity Multiple Depreciation that will vary per deal. Equity Multiple does their own due diligence that presents what they think are good opportunities then you do your own due dillegence. There's an Equity Mulitple representative that can assist you as well with any questions. Overall I sign up and several sites like Equity Multiple, Realty Mogul, Crowdstreet and use them as a filter system to source potential deals. After that I read the materials documenting the deal structure then do a quick search on the Syndicator for reviews/track record.
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There are pros and cons compared to residential rentals. You have 10x the number of tenants for the same $ in rent. We have managers that staff the offices daily and my wife acts as the regional manager. Its a team effort.
Thanks for the input on the crowdsourcing. I'll use my next SC as an opportunity to be productive and check them out. Have you been invested in any syndications long enough to get a K-1 or is this the first year? The 2020 tax year was my first experience with a K-1 from an apartment syndication and the passive losses from cost segregation and bonus depreciation were eye watering. It was MUCH higher than I've seen on self storage.