Investing in Self Storage

Facilities

Kenneth Lee,LandhouseLeaders.com

The Basics of Investing in Self Storage Facility

• What is a self storage facility?

• How can I make money with self storage facilities?

• Can I bank-finance a self storage purchase?

• Tips from LandhouseLeaders.com – How to be successful in the self storage industry

What is a self storage facility?Self storage also known as “mini storage” or “public storage” is an industry in which storage spaces (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units" is rented to tenants, usually on a short-term basis often month-to-month or even week to week.

How can I make money with self storage facilities?

Traditional

• Build and sell self storage units

• Buy self storage units and lease them out (safe, secured and highly recommended)

Non Traditional

• Flipping – very similar to how flipping homes work

• Public auction on the contents of the self storage unit (i.e. Storage Wars)

Can I bank-finance a self storage purchase?

IT’S A BIG FAT YES!Contrary to what most people think, loans used to finance either the acquisition or the construction of a self storage facility have the lowest default ratio in the US – needless to say, banks actually give high value to loans made for the purpose of self storage investments.

TIPS ON MAKING

MONEY WITH SELF

STORAGE FACILITIES

LandhouseLeaders.com

Tip 1: Pay attention to where the self storage unit is located – it’s not different with investing in residential homes and office/business spaces. LOCATION! LOCATION! LOCATION!

Tip 2: Consider hiring a specialist – the wise man hires people who are wiser than him, and when it comes to the self storage industry, there’s more than meet the eyes. It’s not as easy as you think.

Tip 3: It’s not about occupancy, it’s about how much money goes to the bank each and every month. If you intend to buy a self storage facility with the intention of leasing it, this is very true.

Tip 4: Buy low, sell high! For flippers, it is important to know this rule – you make money when you buy, not when you sell!

If you want to know more about the self storage industry or you want to discuss a potential commercial real estate deal, feel free to contact me

Kenneth LeeVP for Acquisition LandhouseLeaders.com(770) 847-6469 Call or Text Direct