Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets.
Self storage facility investing.
Self storage investing is one of the youngest and fastest growing forms of commercial real estate.
Self storage investing has been around for decades but over the past few years this niche of commercial real estate investing has grown in popularity now with over 1 7 billion square feet in an.
Self storage facilities vary in size quality and construction.
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.
Investing in self storage facilities self storage businesses.
In this article we look at self storage facilities a fast growing sector that has taken advantage of a growing market of persons needing to store excess household items.
The strategy now is to buy mom and pop owned facilities upgrade them increase the income increase the value then refinance or resell it to an institutional investor.
Most have conservative balance sheets.
The self storage association estimates there are about 49 000 primary self storage facilities totaling 2 6 billion square feet of storage space and generating approximately 32 billion in revenue.
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.
From virtual non existence before 1970 the industry has grown to over 58 000 self storage facilities in the u s.
However i personally don t consider myself a self storage investing expert in all aspects of the industry as many have labeled me i ve been the architect of dozens of extremely successful real estate transactions since i began my real estate career in 1993.
And self storage facilities tend to be cheap to build maintain.
Self storage real estate investment trusts reits are low risk investments in many ways.