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Self-Storage Facilities

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Just like everyone needs a place to sleep at night, nearly everyone needs a place to store their stuff — old things, recently purchased things, and treasured personal things.

Why is it so popular amongst investors? Compelling reasons include

 No toilets to clean

 Low cost of operations

 Low building costs

 Operations can be automated

 Low down-payment loans

The various types of self-storage facilities to consider are

 Self-storage

 Warehouses

 Cold storage

 Climate-controlled storage

 Vehicle storage (including RVs, boats, and cars)

For you, the average investor, we recommend you begin your acquisition search for Mom ’n Pop self-storage facilities. Avoid the “big boys,” such as U-Haul and Public Storage, and all other franchise-types, because they are too expensive for the beginning investor.

One of the most important things to consider is your facility’s location. Ideally, it should be located where there’s demand for storage, where it’s easy to drive to, and where there’s high visibility. If there are a lot of small houses in a town, it’s good sign that there is an opportunity for a self-storage investment. Small houses mean a large percentage of people in that town require extra storage spaces for their stuff.

Commercial Real Estate Investing For Dummies

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