The Flywheel Self Storage Deal Analyzer
The SSDA is a simple but powerful spreadsheet for underwriting self storage real estate and is just one part of the Flywheel StorageOS™
Ease of Use
The SSDA was created to be easy to use without sacrificing sophistication or pro forma visibility.
All Deal Types
The SSDA can underwrite value-add deals with large capex budgets, or stabilized deals with day one cashflow.
Sophisticated Metrics
Don't get IRR tunnel vision. Focus on the metrics that matter including DSCR, CoC, and RoC.
1. Make a copy of the SSDA from the File menu in Google Sheets
2. Save the SSDA to your Google Drive (or Download it in the format of your choice)
3. Underwrite your storage deal using this instructional video as a starting point
> Simplicity
Complexity is often a crutch for lack of clarity. Focus on what matters, nothing more.
> P&L is Truth
The yearly P&L should be thoroughly vetted and understood as the primary reflection of the business's operation.
> IRR is Folly
Any return metrics dependent on long-term exit assumptions, such as the IRR, are not reliable.
> Cloud First
Collaboration and convenience trump any fancy Excel-only features.
Underwriting spreadsheets are simply reflections of the underlying investment philosophy.
Here is ours.
StorageOS™ Implementation
There are a lot of moving parts to the Flywheel StorageOS™. If you're interested in quickly getting up and running with a pristine implementation of the SOS, we can help.
Storage Data Services
The software and tooling of the commercial real estate world is notoriously closed off and disparate. We can help aggregate the valueable data contained in these software silos and build custom tooling so you can make better business decisions.
Google Analytics & Adwords
Having trouble getting a clear view on what your website behavior looks like, or which ad campaigns are performing better than others? We can implement robust Analytics and Adwords configurations so you have complete visibility.
Custom Underwriting Models
If the SSDA is not the right underwriting model for you, but you want a tool custom-built to your process, let us know and we can build-to-suit (and not just for the self storage asset class)!
Underwriting Services
Let us know if you need help with your underwriting - whether it be a single deal or part of your acquisition process.
Automation & Integrations
Want to get a Slack notification for every new rental? Want to create a support ticket for every move-out? We can help automate your processes so you don't have to be the man in the middle any more.
Financial Due Diligence
Do you know what to look for when reviewing existing leases, the rent roll, and bank statements? Do you even know what to ask for from the seller to conduct financial DD? We can help by being a second set of eyes during this process.
Quickbooks & Accounting Setup
Figuring out how to represent your facility's finances in Quickbooks can be intimidating, especially if you don't have an accounting background. We can help get you setup and show you how to maintain your books.
General Storage Consulting
Confused by the storage world, or by the Flywheel StorageOS™? We get it, it's a lot. Contact us to see what kind of customer engagement would have the biggest impact for your business.