You know that you want to invest in self-storage because it is the best investment opportunity out there. You are excited and you want to begin, but how? Where? The best place to start is with a self-storage business plan. A business plan is the gas that fuels your company. It will help drive you

Is your Self Storage Conversion in the best location? You found the perfect property, but did you? You know that it is in the right area and you know that the demographics work, but does the configuration of the building work? When you are looking at a building, you need to assume that you are

You found the perfect building, you know that it is in a great location, now it is time to determine if the market can support a self-storage facility in that area. You can do a little research on your own, but ultimately, you want to do a feasibility study to verify everything that you learned.

Location, Location, Location! Some of the most famous words in real estate. When you are choosing a location for your self-storage facility, you must first look at where it is located. If you are not in a good location, you are going to have a hard time making money. The first thing that you want

The self-storage industry’s status as a “recession-resistant business” is being put to the test during the coronavirus pandemic. But despite a sour economy, facility investors and operators will likely benefit in the coming months. See how and why. There are many things that affect real estate performance. The coronavirus may be relatively new to the

How to find self-storage investment opportunities? Because self-storage investing is so desirable these days, many sellers are not willing to part with their self-storage facilities. However, this does not mean that you cannot get into the self-storage industry. There are plenty of properties that are sitting vacant that have the potential of being turned into

There are many things that affect the real estate industry and how well it performs. Covid 19 is new to the world, but it has created the same effects that we see during any recession. Within the real estate industry there are the 4Ds. Downsizing, Divorce, Dislocation, and Death and the reality is that all

Paper don’t refuse Ink When I finally graduated college, I went to work for a crusty, old farmer Jerald Miller. I was only there for about a year, but he taught me some of the most important lessons of my life. There were two occasions in that year in which he really chewed me out.

Why is self-storage more desirable than other types of commercial real estate? No toilets. The fact that there are no clogged toilets to deal with pushes self-storage to the front of the pack when it comes to real estate investing. The fact that there is little to no plumbing at all is a huge asset.

How do you think that Covid 19 will affect Occupancy Rates in Self Storage Facilities? I think that occupancy rates will go up. Real estate is driven by events in peoples lives. Typically, those events are negative like divorce, job loss, relocation, downsizing, or death. Covid 19 is causing a recession that has already cost

Looking for a safe place to put your money during the Coronavirus market upheaval? Here are 4 things to consider about the Self-Storage industry. The coronavirus is spreading more than germs these days. Stock markets are filled with the fear of what is to come from the coronavirus and so they are dropping fast; people

Now that you have done all your preliminary research, it is time to order the Feasibility Study. This study is crucial to getting your loan approved. It is crucial to knowing whether you have really found a good deal or if you are just trying to make the numbers work. Finally, it is critical to

You have found the perfect property, you have run the numbers, evaluated the neighborhood and it still looks like a great investment. Now you need to check the supply index. The supply index tells you if the market is oversaturated or if the market is undersaturated. This tells you if there is more demand for

Hopefully all your research has paid off and you have found a property that you are interested in making an offer on. Now you need to know if it is a good deal or if it is something that you are even interested in making an offer on. If you are interested in a property,

With the Coronavirus shutting down the economy, people are looking for ways to diversify their portfolios into something that is more stable than the stock market or other types of real estate. Self-storage is a very secure form of real estate investing. So how do you find self-storage properties? These properties are often held onto

Finding the perfect agent is sometimes not a perfect experience.  You may find that you must go through several agents before you find the right one.  Do not give up if you have a bad experience the first time.  Remember that this process is a little like dating.  You are looking for a longterm relationship.

This is a fantastic time to be looking for self-storage. With interest rates dropping and federal incentives to boost SBA loans, there is money available for investors who want to purchase self-storage properties. The Fed just cut interest rates to between 0 and .25%. Why would you want to purchase self-storage in this uncertain time?

The coronavirus is not only deadly, it is toppling the stock market, bringing down the service industry and creating a global recession. However, there is one industry that hasn’t been affected negatively. I know that you are thinking toilet paper, but I was thinking self-storage. Self-storage is a timeless industry that prospers during troubled times.