The Self-Storage Industry: An Introduction for Investors

The rate of return is typically about 11 percent as a landlord of a storage unit. This is a solid, respectable profit that rivals just about any other long-term investment.

It’s not completely passive income since you do have to sign on clients, advertise, and hand over the keys. But, the ongoing time commitment is not great day-to-day. You could even hire a part-time employee to handle those tasks and still come out far ahead.

What are the costs involved with self-storage investing?

Invest in storage offers the potential for large returns, but it doesn’t come without some costs. The initial investment will be significant, perhaps millions of dollars for the facility itself. For those who can afford the start-up cost, it’s worth it.

The ongoing costs are marketing, basic maintenance, security systems, and utilities if it’s climate-controlled.

What kind of business plan is best?

Any business requires a solid business plan to be successful. But there is no need to re-invent the wheel. An experienced company can offer investors tools and plans to help them get started in the business.

Don’t give yourself more headaches or problems. Use a business strategy that successful people have utilized before you.

Video: Case studies about self-storage investing and more

Grow your investment portfolio

To learn more about investing in the self-storage industry or read about our many success stories from satisfied investors, visit our website https://www.selfstorageinvesting.com/.

This investment type may not involve a glamorous outward appearance, but the typically high rate of return is quite attractive. For those investors that can afford the steep initial cost, this industry is a great addition to your investment portfolio.

About Scott Meyers

Scott Meyers is known as the nation’s leading expert in self-storage. He is the principal in 16 facilities totaling over 7,500 units and over 2 million square feet of storage. He is also the Founder and President of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading Self-Storage education company that offers courses, live events, and mentoring/coaching. His company was started in 2006 for the purpose of acquiring, developing and operating self-storage facilities, and has raised over $20 million in syndicates and private equity partnerships to fuel their growth.

Scott Meyers is not an employee of Equity Trust Company. Opinions or ideas expressed are not necessarily those of Equity Trust Company nor do they reflect their views or endorsement. These materials are for informational purposes only. Equity Trust Company, and their affiliates, representatives and officers do not provide legal or tax advice. Investing involves risk, including possible loss of principal.

Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.