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260226 Poth Meeting Notes
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Notes
Date
Added by
8x20 and 8x30 work add insulated and remove non climate verbiage
@Andrew Aue
Fri, Nov 14
Push ECRI higher on 8x20 and 8x30 units
@Andrew Aue
Fri, Nov 14
Separate RV Park in Cubby
@Ryan Dayhoff
@Marketing Department
Fri, Nov 14
Update Core Page for 8x20 and 8x30
@Ernest Gomez
Fri, Nov 14
Checking on Pro Pics
@Marketing Department
Fri, Nov 14
RV Park rate increases, steep
@Andrew Aue
Fri, Nov 14
Fri, Nov 14
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Owner Update Report
Poth Storage & Poth RV Park
As of February 26, 2026
Poth Storage (Poth Mini Storage)
Poth Storage is a traditional self-storage facility located in Poth, TX. Below is a comprehensive breakdown of current performance metrics.
Occupancy & Unit Summary
Table 5
Metric
Current Value
Total Units
119
Occupied Units
80 (67.2%)
Vacant Units
33 (27.7%)
Unrentable Units
7 (5.9%)
Total Area (SF)
20,385
Occupied Area (SF)
13,785 (67.6%)
Vacant Area (SF)
5,600 (27.5%)
There are no rows in this table
Financial Performance
Table 6
Metric
Month-to-Date
Fiscal YTD
Total Payments Received
$8,680.02
$16,760.41
Rent Charged
$7,477.52
$15,932.87
Rent Collected
$7,653.52
$16,452.34
Insurance Revenue
$1,011.00
$2,078.00
Fees Charged
$285.60
$1,332.17
Discounts Given
($230.00)
($655.00)
Bad Debt Written Off
$0.00
($2,649.52)
There are no rows in this table
Rate Analysis
Table 7
Rate Metric
Value
Gross Potential Rate
$9,215 / month
Occupied Potential Rate
$6,478 / month (70.3% of gross)
Actual Occupied Rate
$7,870 / month (85.4% of gross)
Occupied Rate Variance
($1,392) or -15.1% below street rate
Gross Rate Per SF
$0.45 / SF / month
Actual Occupied Rate Per SF
$0.57 / SF / month
There are no rows in this table
AutoPay & Insurance
Table 8
Metric
Value
AutoPay Enrolled
55 of 80 tenants (68.8%)
Insurance Enrolled
75 of 80 tenants (93.8%)
Insurance Premiums (Monthly)
$1,053
Total Insurance Coverage
$151,000
There are no rows in this table
Leasing Activity
Table 9
Activity
Month-to-Date
Fiscal YTD
Move-Ins
7
13
Move-Outs
1
9
Net Rentals
6
4
Transfers
1
3
Auctions
1
2
Lien Notices
0
1
Rented Area Increase (SF)
2,085
1,775
There are no rows in this table
Delinquency & Collections
Table 10
Metric
Value
Unpaid Charges (Current Tenants)
$680.05 across 2 tenants (2.5%)
0-10 Days Past Due
$153.00 (1 tenant)
61-90 Days Past Due
$527.05 (1 tenant)
Delinquency > 30 Days
$527.05 (8.1% of Occupied Potential / 6.7% of Actual Occ.)
AR > 30 Days (EOM Trend)
1.15% (Jan 2026) - Healthy
There are no rows in this table
Revenue Management (ECRI)
Based on ECRI Insights (2 facilities selected: Poth Storage & Poth RV):
Table 11
Month
Increased
Eligible
Avg Increase %
Move-Outs (3mo)
Feb 2026
3
38
-13.4%
0
Jan 2026
3
2
-12%
1
Dec 2025
24
4
-17.6%
6
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In February, 3 tenants received increases averaging 13.4% (from $63.33 to $71.84). 38 tenants remain eligible for increases with 7 currently snoozing. December saw the largest batch of 24 increases averaging 17.6%, with 6 related move-outs in the following 3 months. Before/After rent total moved from $190 to $215.52 for Feb increases.
Lead Generation
Table 12
Source
Month-to-Date
Fiscal YTD
Phone Calls
6
6
Website
1
7
Abandoned Checkout
0
3
Total Leads
7
16
Leads Converted
7 (100%)
16 (100%)
There are no rows in this table
Rent & Historical Trends
All 80 occupied tenants had their last rent change within the past 6 months. 27 tenants (33.8%) currently have rent variances in the 0-15% range against street rate. There are no tenants with rates unchanged for over 360 days, meaning the ECRI program is keeping rates fresh.
Looking at the EOM trend from the Poth Mini Storage sheet, occupancy has declined from a peak of 83% (mid-2024) to 65% currently. Revenue collected in January 2026 was $12,419, down from December 2025's $11,392 but consistent with late 2025 levels. The facility added 6 new units in late 2025 (from 128 to 134 total) which accounts for some of the occupancy percentage decline.
Google Rating remains strong at 4.4 stars, unchanged throughout 2025.
Poth RV Park
Poth RV Park is an outdoor RV/vehicle parking facility in Poth, TX. Below is a comprehensive breakdown of current performance metrics.
Occupancy & Unit Summary
Table 13
Metric
Current Value
Total Units (Spaces)
15
Occupied
12 (80.0%)
Vacant
3 (20.0%)
Unrentable
0
Total Area (SF)
9,000
Occupied Area (SF)
7,200 (80.0%)
There are no rows in this table
Financial Performance
Table 14
Metric
Month-to-Date
Fiscal YTD
Total Payments Received
$2,624.48
$6,963.44
Rent Charged
$4,178.60
$8,807.20
Rent Collected
$3,898.92
$8,527.52
Insurance Revenue
$14.00
$28.00
Fees Charged
$134.61
$163.61
Discounts Given
($17.02)
($462.02)
Bad Debt Written Off
($399.16)
($399.16)
There are no rows in this table
Rate Analysis
Table 15
Rate Metric
Value
Gross Potential Rate
$6,675 / month
Occupied Potential Rate
$5,340 / month (80% of gross)
Actual Occupied Rate
$4,296 / month (64.4% of gross)
Occupied Rate Variance
$1,044 or 15.6% below street rate
Gross Rate Per SF
$0.74 / SF / month
Actual Occupied Rate Per SF
$0.60 / SF / month
There are no rows in this table
AutoPay & Insurance
Table 16
Metric
Value
AutoPay Enrolled
10 of 12 tenants (83.3%)
Insurance Enrolled
1 of 12 tenants (8.3%)
Insurance Premiums (Monthly)
$14
Total Insurance Coverage
$2,000
There are no rows in this table
Note: Insurance enrollment at the RV Park is very low at 8.3% compared to 93.8% at Poth Storage. This represents an opportunity to drive additional revenue and protect tenants. Consider whether insurance should be made a requirement or more actively promoted at move-in.
Leasing Activity
Table 17
Activity
Month-to-Date
Fiscal YTD
Move-Ins
0
1
Move-Outs
1
1
Net Rentals
-1
0
Transfers
0
0
Auctions
0
0
There are no rows in this table
Delinquency & Collections
Table 18
Metric
Value
Unpaid Charges (Current Tenants)
$330.75 across 1 tenant (8.3%)
11-30 Days Past Due
$330.75 (1 tenant)
Delinquency > 30 Days
$0.00 - Clean
Bad Debt Written Off (MTD)
$399.16
There are no rows in this table
Lead Generation
Table 19
Source
Month-to-Date
Fiscal YTD
Reservation Form
3
3
Phone Calls
0
2
Website
0
0
Total Leads
3
5
Leads Converted
0 (0%)
1 (20%)
There are no rows in this table
Lead conversion at Poth RV is notably lower than Poth Storage. Of 3 reservation form leads this month, none have converted yet. YTD conversion rate is 20% (1 of 5).
Rent Trends & Observations
8 of 12 tenants (66.7%) had their last rent change within the past 6 months. 2 tenants (16.7%) are in the 6-12 month window, 1 tenant in 12-18 months, and 1 tenant has gone over 24 months without a change. 2 tenants have rates unchanged for over 360 days per the Owner Alerts. 3 tenants (25%) have rent variances in the 0-15% range below street rate.
The RV Park shows a significant rate variance of 15.6% between the actual occupied rate ($4,296/mo) and the occupied potential rate ($5,340/mo), suggesting room for further rate optimization as tenants are brought closer to street rates.
Side-by-Side Comparison
Table 20
Metric
Poth Storage
Poth RV Park
Total Units
119
15
Occupancy
67.2%
80.0%
MTD Revenue
$8,680
$2,624
YTD Revenue
$16,760
$6,963
AutoPay %
68.8%
83.3%
Insurance %
93.8%
8.3%
Delinquency > 30 Days
$527 (6.7%)
$0 (0%)
Net Rentals MTD
+6
-1
Net Rentals YTD
+4
0
Rate Variance
-15.1%
-15.6%
Lead Conversion MTD
100%
0%
Google Rating
4.4
N/A
There are no rows in this table
Key Discussion Points
Poth Storage: Occupancy has settled around 65-67% after recent unit additions. The strong insurance enrollment at 93.8% and 100% lead conversion rate are very positive. The main focus area is filling vacant inventory, as 33 units remain available. ECRI rate increases are being executed cautiously with minimal move-out impact (0 move-outs from Feb increases). The $527 delinquency from a single tenant in the 61-90 day window should be monitored for potential auction.
Poth RV Park: Occupancy is solid at 80% with only 3 spaces available. AutoPay adoption is excellent at 83.3%. The primary concern is the very low insurance enrollment (only 1 of 12 tenants), which is a missed revenue and protection opportunity. Lead conversion needs attention as none of the 3 February reservation leads have converted. The $399 bad debt write-off this month and the 15.6% rate variance suggest some tenant quality and pricing work ahead. Two tenants with rates unchanged for 360+ days should be prioritized for increases.
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