I was in a busy coffee shop and went to the bathroom leaving my computer and backpack at the table. I haven’t been burned yet. If and when I am: C’est la vie.
Not long after I returned, the lady with the boy at the table next to me asked that I look after her stuff while they went to the bathroom. Absolutely. I got you. She had a bunch of papers and folders. I wondered if she was a teacher. I asked her when she got back. She was in storage. Her family’s business is commercial real estate with an emphasis on self-storage. They can acquire land, build the facility, and manage the property.
We got to shooting the bull. The question arose: Does the 80/20 Rule apply? Are most units in a facility owned by only a handful of people? Yes. And furthermore when these folks die, the children very often just switch out the card on autopay and continue paying in perpetuity.
Oliver Liu 