Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

Zero Repairs for 3 Years That’s a Red Flag

11 Apr 2026 · 1 min

Watch on YouTube

0:37

Joe Downs explains why zero repairs in three years is a warning sign for boat and RV storage facilities. He recommends getting 12 months of utility bills to understand baseline costs, checking past sale attempts and appraisals to see why deals fell through, and reviewing seven boat and RV-specific legal and regulatory items that investors typically overlook.

Chapters

A facility with zero repair items for 3 years probably has deferred maintenance you'll inherit. Uh, you want to gather utility bills. Gate systems, lighting, and security run on power. Get 12 months of utility bills to baseline your expense model. Prior sale attempts or appraisals are important to know about too. If the seller has tried to sell before, it fell through, find out why. Prior appraisals tell you what the asset was valued at and when. You also have 7 legal and regulatory items to consider. These are the boat and RV-specific ones that get missed by investors applying a self-storage checklist.