This is Part 10 of a multi-part series on investing in Self Storage assets. Today’s post will focus on considerations to keep in mind for management and operations of this asset. Many people falsely assume that self storage involves a simple management process. This may be true for facilities designed in the 20th century and…
I have learned a lot in the last five years by doing a lot of reading. Here is a list of books I have read and what I got out them. Rich Dad, Poor Dad by Robert Kiyosaki (What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!) –…
This is Part 9 of a multi-part series on investing in Self Storage assets. This post will focus factors relating to supply and demand to consider. During the 80s, 90s, and into the 21st century, investors heard more and more about “saturation” of a market. That’s the possibility that supply in certain areas may be…
This is Part 8 of a multi-part series on investing in Self Storage assets. In previous posts, I have written about the various self storage topics. Today’s post is about construction of self storage and all the issues you will need to be aware of. There are many interesting construction and development costs in self…
This is Part 7 of a multi-part series on investing in Self Storage assets. In previous posts, I have written about the various self storage topics including rental rates and expenses, holding up during recessions and growth patterns. This post will cover site selection which can be very important to the success of the asset….
This is Part 6 of a multi-part series on investing in Self Storage assets. In previous posts, I have written about the competitive environment and the rental rates, including how well they have held up during the pandemic recession. In this post, I’ll describe the costs and operating expenses you will experience investing in this…
This is Part 5 of a multi-part series on investing in Self Storage assets. In previous posts, I have written about what self storage is, the competitive environment, the characteristics of the building improvements as an asset and the rental rates, including how well they have held up during the pandemic recession. Below, I talk…
This is Part 4 of a multi-part series on investing in Self Storage assets. In a prior blog post, I’ve talked about this industry getting started by small “Mom and Pop” owner-operators over 50 years ago. Rental rates back then were generally in the range of 10-20 cents per square foot per month. By the…
This is Part 3 of a multi-part series on investing in Self Storage assets. Self storage is considered a type of real estate investment category. It has most of the typical characteristics of other real estate, but here are some details. The building structures can be relatively simple compared to other types. Therefore, the construction…
This is Part 2 of a multi-part series on investing in Self Storage assets. Today, there are so many state-of-the-art self storage facilities across the country, that it is hard to believe that less than 50 year ago, this was basically a “Mom and Pop” industry. The lack of information on the industry, that is…