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Of all the commercial property
real estate investments
to own, Self-Storage Facilities,
Storage Units, or Mini-Storage Units
probably should be the one new real
estate investors should opt for.
Self-Storage Facilities are a CASH
cow!
There are other reasons, other than
cash
flow why this investment should
be your first choice, and that is the
lack of typical tenant, calls in the
middle of the night, broken toilets,
smashed in walls, eviction issues, and
the list is seemingly endless.
The only issue is the occupant pays
or they don't pay. If they don't pay
you place a lock on the unit until they
do pay. If they walk, you sell their
items in a sale to recoup some of your
loss.
Most Places of Business will require
a manager there, or at least someone
to monitor the traffic at the facility.
Facilities that do not have automatic
entrance will need a person stationed
at the gate to let tenants in and out.
What are the different types of Facilities?
The category of Self-Storage
Facilities usually encompass
three distinct types of places.
Mini-Storage, used by homeowners or
business owners to contain excess items
from their homes or business. An example
can be a place to store files that do
not need to be used on a daily basis.
Climate Controlled, Here we have the
area of items that need to be maintained
at a specific climate so they are not
damaged. A furrier storage and safe
would fit this arrangement.
Other Self Storage, Can be a place
where someone might store an extra car,
boat or RV. Small businesses can also
store their equipment or even run their
business from a self-storage unit, providing
it is not against the local municipal
code or local ordinances.
For complete underwriting requirements
for Self-Storage
Facilities please follow the link. |
