Self Storage Unit Investing
Roughly half of all the 23 000 self storage facilities have been built in the last 7 years.
Self storage unit investing. Investing in self storage facilities self storage businesses. In this article we look at self storage facilities a fast growing sector that has taken advantage of a growing market of persons needing to store excess household items. Because of the regular dependable income storage unit rentals provide self storage reits can be a lucrative way for shareholders to benefit both from solid dividend yields and from the growth. Self storage is cheap to acquire.
The number of people looking to rent storage units is skyrocketing. Commercial real estate is made up of several different kinds of property types. Buying into a real estate investment trust referred to as. Ryan smith principal at elevation capital group in orlando florida suggests a couple of ways to invest in self storage facilities.
Self storage is an investment alternative changes in the sector are creating opportunities. You re about to discover why investing in self storage facilities can be so profitable how to find good deals the 3 main types of self storage properties the 2 ways these deals are structured how to find funding for these properties the 2 most common myths and perhaps most. Diversify your risk by spreading it out over many tenants. As a recent forbes article how humdrum self storage became the hottest way to invest in real estate discussed investors are recognizing self storage as a potentially lucrative property type known for generating solid and stable cash on cash returns with a lean operating strategy.
These requirements make a contemporary high quality property a larger investment than in the past. Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets. The association estimates the national average for units per facility is about 540 units and that. Once someone rents a unit and moves in their items they.
The demand for self storage has been rising exponentially. You can create massive cash flow without all the hassles of renting out a home with just investing in storage units. There s a similar story going on today in self storage.