According to the Pew Research Center, 22% of people in the U.S. moved due to the COVID-19 pandemic. So with roughly 1-in-5 American adults on the move, the need for self-storage units are sky-high. Yet even before the pandemic, self-storage investments were a good bet. If you’ve never looked at these businesses, there are several reasons that
Whether you’re ready to retire or simply want to move on to other opportunities, if you’re selling your self-storage business you want to do it profitably. There are some key factors you need to consider, like how many self-storage units you have, other amenities offered, location, etc. Getting the most for your business isn’t only
Finding a good business to invest in can seem like an impossible task. Over 10,000 businesses are bought and sold in the U.S. every year. Restaurants, gyms, retail stores, and service-based companies are all in the mix. If you’re wondering how you’d manage these businesses, you aren’t alone. Many have the legitimate concern that they lack
In 2019, the self storage market in the US was worth almost $90 billion. If you’re thinking about getting a piece of that action then you may be wondering how to take your first steps. The good news is, we’re here to help. Read on we take a look at some practical tips on how to
Real estate is always a hot investment. Typically people think of flipping houses or rental units as good revenue sources, but there is another plan that is exceptionally profitable and smooth to operate. The self-storage industry is resilient, even weathering the Covid-19 pandemic. Keep reading to learn what you need to know about investing in this profitable
Did you know there are 1.8 billion square feet of rentable storage space in the U.S.? There are multiple uses for storage space; a few examples include if you’re moving and need to put giant furniture in storage temporarily or if you’re downsizing and want to save your furniture. There are plenty of storage units and spaces
There are currently over 50,000 self-storage facilities scattered across the United States with more popping up all the time with demand on the rise as the COVID-19 pandemic continues. Everyone knows that investing in real estate is a relatively safe investment, but what about investing in a storage facility? There are risks involved in any investment strategy
Nearly two-thirds of US adults want their own business one day. Of course, that dream comes with challenges. For example, introverts might shy away from running a business because of all the customers. The good news is that not all businesses require constant interaction with customers. In fact, some businesses come with minimal customer contact. A self
Ever since Robert Allen took the financial world by storm with his iconic books in the 1980s, investors everywhere have scrambled to diversify their portfolio and increase their revenue streams. Are you a smart investor looking for a great way to earn passive income? If so, then keep reading to learn all about how to prepare
Increasing population and the need for urbanization is accelerating demand for self storage. The industry is estimated to reach a value of $115.62 billion by 2025. That’s growth of more than 30%. Are you ready to be a part of that growth with your self storage investment? Here’s how you can grow your self storage business and enjoy
Options for investment decisions are aplenty, particularly in real estate which, even during the pandemic, has been promising. Few real estate investments have the immediate promise of return on investment as self-storage units. In the following article, we’ll be discussing why these are among the safest investments, provided you go in with your eyes open. Here are
Death, taxes, and stuff. Perhaps the three unavoidable circumstances of life. Investors often don’t consider self-storage as a viable place to put their money. But they should, and so should you if you’re investigating new asset classes. Because one thing is for sure: people will always have stuff, and they’ll always need a place to put
If there was ever a time to invest in the self-storage industry it’s now. Self-storage units are the most recession-resistant asset class, still profit at only 60% occupancy, and are easily managed from the safety of your home office. So what are the self-storage building costs? What do you factor in when calculating the development cost
Are you looking for a small business opportunity to invest in? If so, you’ve come to the right place for advice. Becoming a small business owner is a great way to take control of your life and build wealth. But choosing the right kind of business to invest money in can be a challenge. After
If you’re looking to break out of the minutia of a normal nine-to-five job, we can’t blame you. There’s not much fun to be had sitting in an office nine hours a day, five days a week. This work modality no longer represents the American Dream, so learn to invest in self-storage. However, starting your
One of the best businesses to go into is a self-storage business. It’s a lucrative industry that any ambitious entrepreneur would be interested in. But how exactly do you start a self-storage business? How do you ensure that it becomes successful? This detailed guide will show you how. Let’s jump right in to see what you need
You are in the home stretch of your self-storage business plan. The last week should have given you a lot of ideas on how you want to structure your business and what the best entity is for your situation. Now you need to focus on what are the strengths and weaknesses of your business. Every
Setting up your business is one of the most important aspects of your Self-Storage Business plan. You are likely asking yourself, how do I structure my business. You need to know who is going to be part of your business and what their role is from the beginning. This may change over time as you
You have had the opportunity to envision your future self-storage empire in our last blog. Now is the time to really focus on how to make that happen. You can dream all you want, but you must put in the time and energy to turn that dream into a reality. Having a Self-Storage Business is
Now that you have created your self-storage business plan outline, now it is time to start filling in each section of your self-storage outline. Each section may take a little bit of time or research, but it needs to be unique to your situation. Even if the task seems daunting, do not put it off.
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