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  1. #1
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    Default Self-storage places?

    Are there any of those rent-a-garage self-storage places on the North Coast? I don't remember seeing any and I haven't found anything useful on the web.

  2. #2
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    A friend and I had looked into opening one as a business here three years ago after I moved here. We had heard at the time of people having to go to Santo Domingo to store their things. Never found one along the north coast at that time.

    One problem is that office & rental property is so inexpensive (we just rented a new 4BED/3BATH house in Santiago for US$130.mo) that it's easier for most folks just to rent a small office/small house with security somewhere for US$50.mo and pack all your stuff in there.

    Maybe things have changed, but I personally still don't know of any such businesses.

    Tom (aka XR)

  3. #3
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    Talking Be patient and hang in there.

    A well respected veteran poster and myself , are currently looking into it. Strange coincidence you should post on this subject, I was just thinking about contacting rob and ask for his permission to conduct a poll on how many people would be willing to use this service if it was made available?
    Last edited by Jwb; 08-01-2003 at 08:22 AM.

  4. #4
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    Not in your lifetime.

    It has been said that the purpose of a lock is to keep honest people honest.

    Any fixed, visible, valuable (to somebody) object in the DR becomes a target for theft - and it's just a matter of time.

    As a simple little test, try putting a gallon of gasoline inconspicuously on your back porch and see how long it takes for a neighbor to try to "borrow" it. If you refuse, wait a few more days to see how long it takes for it to disappear.

    A self storage place as we know it would require armed, gringo guards.

  5. #5
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    Default Exactly, Andy. And more.

    When we looked into it there were other issues here that you wouldn't find say in the U.S. I didn't have much money then so we thought about buying back from a bank, or buying some property on term, or leasing something. Found that if the property wasn't 100% owned you'd lose about 90% of your potential customers. 50% would disappear if security company was Dominican and not using some full time Gringo supervision, etc. Just made the thing way too expensive considering real estate rental prices here.

    Tom (aka XR)

  6. #6
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    Thumbs up Here is my "FREE" advice! (So You Know What Its Worth!)

    I would by a piece of raw land along the road between Sosua and Cabarete.I would build 20 10 X 15 foot units,Cement blocks,8",and about 30 units 5X 10FT. All would have steel roll-up doors.I would have room to expand! I would build an elevated "Guard House",have 24 hour armed guards,security cameras,and surround the whole complex with Hurricane fence,topped by "Razor Wire",and a few rolls of "Wire on the outside of the fence!Well lit!Now I will provide you with my "Pure Bread",Falkand Island Hunter" guard dogs!You start with a male & female,and then you will "make" as many more as you want! Dominicans are afraid of dogs!!!!Put up some large signs at the site,as well as billboards all along the road from west of Puerto Plata to east of Cabarete!
    3 months paid in advance,any "goods" left for more than 60 days without payment of storage fees will be sold at public auction,and the proceeds used to pay un-paid fees!
    There you go!!!
    CCCCCCCCCCCCCCCCCCCCCCccris "Guard Dog"Colon

    Don't forget to make the rental fees payable in US Dollars,or the daily Santo Domingo exchange rate!I can't believe how they "short change" the tourist on the North Shore!

    "IF YOU BUILD IT,THEY WILL COME!"
    Last edited by Criss Colon; 08-01-2003 at 11:59 AM.

  7. #7
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    I don't know if it's changed, but while real-estate is relatively cheap here if you do your homework, anything with frontage on that road is very expensive by Dominican standards. I am getting older but I remember an initial quote on some in the range of $75/sqm for frontage as compared with maybe $10-$15/sqm in something like Lomas Mironas. That's astronomical! I may have been too green, been able to negotiate that to half, or maybe things were more then when the peso was 15:1. But, that's like US$45K/acre for a homsite up the road, and US$300K/acre on the roadside.

    Feel free to tell me I was an idiot then. I was!

  8. #8
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    Default Convenience cost !

    I agree with both of you on how difficult and expensive of a venture it would be. But hey, convenience comes at a price. My only corncern is how many people would be willing to pay (anywhere between $ 40 to $100 a month depending on the unit) for a clean, secure and professionally operated depot. I don't believe too many local dominicans would be able to afford it. I am not being sarcastic but at the current economic situation of the country. I suspect the majority of the customers would have to be local gringo's or tourist or you wouldn't be in business for long.
    Last edited by Jwb; 08-01-2003 at 12:10 PM.

  9. #9
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    Thumbs up We will have "ESCOTT" negotiate the land deal.You should see the homesite he bought!

    With an ocean view , 15K!We want a piece of land,not a "Homesite".I think you can find a "Motivated Seller"somewhere along that stretch of "Highway",maybe a few hundred meters off the highway would work,if you have a good access road,and view of the storage complex from the road!
    cccccccccccc

  10. #10
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    We got the idea from a couple of American friends who had spent some months living here. When it came time to go back they had amassed furniture, air conditioners, motorcycles, etc. and could do nothing but either sell them or give them away. If it became well known enough between say Puerto Plata and Cabrera there might be enough business to support it.

    My problem from a business standpoint was that it required a high initial investment, not just for the land, the buildings, the insurance, the security, etc. but also for operating capital to keep it running while you built up clients to the point that it could be self-sufficient. There's no way to 'ease' into it. I prefer business models that allow me to test the waters and the expand using the profits. Can't see how that could be done, so you'd be very dependent on really doing your homework to know exactly what potential customers are out there. That also, is very hard to do down here.

    P.S.
    There also seems to be a cultural component because folks here, even transplants, seem to not value possessions as highly. Not like in the US where we buy our stuff and then have companies to haul it all across God's green earth for us.
    Last edited by XanaduRanch; 08-01-2003 at 12:33 PM.

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