hen it comes to securing land for your self-storage project, one of the most impactful steps is learning how to engage directly with landowners. Whether you’re aiming to carve out a piece of a large parcel or purchase five to 10 acres outright, a thoughtful and personal approach can make all the difference. Unlike big companies, you, as a single self-storage investor, have unique advantages: the ability to connect on a human level, adapt your approach, and show landowners the value in working with you. Here’s how to make the process successful.
- Build Rapport – Establish a personal connection with the landowner, taking the time to understand their needs, concerns, and goals.
- Be Adaptable – Tailor your offer to meet their specific situation, whether it’s a need for cash, the desire to retain part of the property, or creative deal structures.
- Provide Value – Highlight how your project could benefit them or the local community.
By focusing on these elements, you can create a win-win scenario that big companies often overlook.
- Identify suitable properties,
- Understand zoning and land use, and
- Know the owner.
1. Start with a letter or email.
Draft a polite and professional letter introducing yourself and your interest in their property. Explain why you’re interested in their land, but keep it simple and leave room for a conversation. Example: “Dear [Owner’s Name], My name is [Your Name], and I’m a local investor interested in purchasing land for a community-oriented self-storage project. I came across your property at [address or location], and I believe it could be a great fit. I’d love the opportunity to discuss it further with you.”
2. Follow up with a call.
If you don’t hear back, follow up with a friendly phone call. Be respectful of their time and keep the tone conversational. Avoid high-pressure tactics; instead, focus on how this could benefit them.
3. Knock on doors (if appropriate).
For local properties, consider a direct visit. Approach with respect and a clear intention to listen.
1. Understand their perspective.
Ask open-ended questions. Listen carefully and acknowledge their concerns.
2. Communicate the value.
Show how the transaction can benefit them.
3. Be transparent and flexible.
Discuss the process honestly. Offer creative solutions, such as leasebacks or phased payments, if it aligns with their needs.
- Concern About Future Use – Assure them that your project will be professionally managed and community friendly.
- Sentimental Attachment – Show empathy and, if possible, include terms that honor their connection to the property.
- Price Disagreements – Be prepared to justify your offer with data and be willing to negotiate.
- Share your vision openly and demonstrate a genuine interest in their wellbeing.
- Provide references or examples of similar projects you’ve completed (if applicable).
- Follow through on promises and stay communicative throughout the process.