Investing In Storage Units Reddit

Self storage facilities have become a popular niche for real estate investors and self storage reits have naturally followed.

Investing in storage units reddit.

Pm me i could share some more details. Do a search on recent articles on storage unit investing. To begin investing in storage units choose whether you would like to be a passive investor or an active one. Self storage facilities vary in size quality and construction.

The industry average return is between 7 to 8 per cent. In doing so you will gain long term economic advantages. Why the self storage industry is a smart place to invest. In this article we will provide an asset class overview highlight recent changes in use discuss low minimum options for investing in self storage and conclude with thoughts on how investors can use this information to make informed investment decisions.

If you choose the passive route you will invest your money and allow someone else to take over the everyday activities. They used to be the darling of investments. In case of storage units the cost of owning one is low and can start at 100000 for that price you need to move away from cbd locations making the return on investment roi high. But the growth in demand is only starting its rapid climb upward.

I ve got a couple of self storage facilities but we re in australia so i m not too sure about how things would apply for you in the states. The instant equity is a huge plus. Happy to answer any operational questions you may have and in the meantime hope that you re doing well with your research to start investing in a self storage business. Averaging around 20 25 sf.

Back in 2008 when many were down sizing they rented units to store their stuff and that is when they boomed. I have built storage units. Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets. Now there are so many chains and in major metropolitan areas there has been over building.

In the coming years as the baby boomers get set to retire move travel downsize and or buy 2nd homes the need for self storage will absolutely skyrocket. The value of the land you purchase and needed improvements will factor into budget as well. You re about to discover why investing in self storage facilities can be so profitable how to find good deals the 3 main types of self storage properties the 2 ways these deals are structured how to find funding for these properties the 2 most common myths and perhaps most.