How to handle unsolicited offers for your self-storage property.
In the dynamic realm of self-storage and commercial real estate, property owners often receive unsolicited offers, not from the end buyers, but from individuals known as “bird dogs”. These bird dogs identify potential investment opportunities and present them to investors or real estate professionals for a fee or commission without an exclusive agreement with the buyer or seller. Similar to hunting dogs that locate birds for hunters, their role involves spotting promising properties—often undervalued or underperforming—and bringing them to the attention of interested buyers. Understanding who bird dogs are, their tactics, and how to handle unsolicited offers is crucial for protecting your investments and maximizing their value.
