Without question, the self-storage industry is still the most profitable real-estate investment around. Start-up and overhead costs are low allowing you to recoup initial expenses start making money sooner. Factor in the special tax breaks available, appreciation of your self-storage facility, and the expandability of quality steel buildings and you have a winning enterprise nearly every time.
There is room for you in the self-storage industry
Only 6% of the population is currently utilizing self-storage and
the trend is growing. Baby-boomers are retiring, down-sizing, and finding they have more things than space. In fact, as a nation we continue to engage in rampant consumerism, accumulating more and more stuff. Most people already have items they can’t store at home, like recreation vehicles, sporting equipment, collectables, seasonal items and they are still buying more.
Self-storage draws commercial clients
Easy access, convenient office hours, and no long-term rental agreements make self storage facilities perfect for retail, contractor, and home-based businesses. Storing business files, inventory and equipment makes up about 30% of the business in today’s self-storage market. You can tap into this market by careful facility planning and offering a variety of storage options, such as climate controlled storage.
Your investment deserves attention to detail
Self-storage is a great investment. Still, planning ahead is crucial to your success and there are many details to consider. Location, land cost, legal issues, and construction and maintenance challenges should be considered before you start spending money. An experienced
steel building supplier can answer many of your questions.
Location is one of the most important decisions you’ll make. Choosing a site that is located on a major travel corridor, highly visible, and within your budget can be very difficult. Research this aspect thoroughly and consider hiring an experienced consultant.
Self-storage industry advantages
• Constant demand means constant cash flow
• Low operating costs
• Month-to-month contracts allow you to control rent
• No single customer can critically affect your success
• Very low failure rate
Plan to succeed
If you do your research and start with a good design, your self-storage business will thrive immediately. Your units may fill up faster than you ever imagined. Be prepared for quick, cost-efficient expansion in order to cash in on the ever growing demand for storage space.
Visit http://www.gosteelgo.com/index.htm to receive a free quote on steel mini-storage buildings or get your questions answered. Don’t forget to sign up for their free newsletter while you’re there.
