According to Bloomberg Markets, storage space is “… the number one alternative investment”. For many investors self-storage is an extremely appealing asset class due to its large income potential with low overhead. Storage has less construction costs than other commercial real estate asset classes, along with lower maintenance costs. Many small to mid-size facilities require only part-time management and can use automated kiosks to allow new tenants to get started.
Because tenants do not reside on the property there are less regulations for the property and construction, and very low maintenance costs as storage is afterall, a metal box on a concrete slab.
As of November 2020, the average annual revenue for the self-storage industry was was $39 billion, with 9.4% of all households renting storage space. Demand for storage will likely grow as generations transition into their next stage of life and downsize into smaller living areas.
– David Thompson, BiggerPockets
– Ari Rastegar, SpareFoot
– David Thompson, Bigger Pockets
– Joel Cone, US News
While we have many resources available give you the tools, training, and support that you need to purchase and manage a facility yourself, we realize than many don’t wish to dedicate the time and capital necessary to learn how to invest, find a property, do the underwriting and due diligence, and actually invest in a facility themselves.
That’s why we also provide you ways to invest in lucrative self-storage deals completely passively. Check out our other site, passivestorageinvesting.com to learn more and see our passive investment offerings.