Investing in Self-Storage

self storageWhy investest in self-storage? Many people have too much stuff and they will pay you to put it in your self-storage units. Sounds great, well that’s not all. There are no tenants that you have to deal with and there are no plumbing expenses. Similar to apartments you can force the appreciation. Self-storage produces good cash flow, because the income is not altered by high maintenance cost. Also when a renter does not pay rent, you just keep their stuff. Self-storage typically does better than other Real Estate in recessions. It can take time to fill up you self-storage units, so be patient. Also, location is very important. An area with a lot of nice neighborhoods in a good part of town would be an ideal place. No on will want to want to put their valuables in a bad part of town. Try to find an area near a lot of condos, apartments, and neighborhoods that do not already have self-storage. This would be a great untapped opportunity. Get on top of your Real Estate investing by checking out these helpful sites! Where do you find Real Estate property? With Birddogbot you can efficiently find Real Estate properties. For those who live in Canada, you can find foreclosed listings if you click here. Interested in commercial real estate? Don’t let your investment be ruined by a bad deal, prevent this with the Syndicated Deal Analyzer.

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