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[S1038]Storage Facilities For Sale

by Allan Smithz, All

What these smart investors know is that ini storage buildings are needed all across the country for various reasons. In some areas of the country, rent is increasing faster than consumers can keep up with thus forcing them to occupy smaller spaces..... You guessed it, many of these spaces do not have enough storage.

Even for some businesses in this tough economy, they are being forced to move into smaller office spaces: of course then the question of what should they do with their extra furniture or other belongings comes to mind. If you are one of the smart mini-storage owners, then the answer becomes simple. Come rent space from me in my mini-storage complex. By investing in mini storage buildings, you can offer these people an affordable mini storage building to really accommodate their storage needs.

If you are like most people looking for a mini-storage to purchase, then you probably already have experience in real estate investing.... typically by owning residential rental properties first. After having to deal with my many issues related to owning residential real estate, you may be looking for a different approach.... you know the old adage, rental real estate would be great if just not for tubs, toilets, and tenants. WObviously many people have their own nightmare stories to share from drugs, to prostitution, to even murder in their rental real estate. There has to be (and their is) a better way.

Given that you are looking for mini-storage facilities for sale, then let me talk about what investing in a self storage facility is like. Just by way of background, there are probably 4 or 5 big Real Estate Investment Trusts (REIT's) that are fundamentally in the Self Storage Business. Their names are Public Storage, Extra Space, Uncle Bobs, Shurguard and U-Store-It. All these REIT's are in this business to make money and they make lots of it. If you get a chance, look them up as they are public and you will see how well they operate and the dividends they provide to their investors..... now the question becomes is if you can buy a mini-storage or two and operate in the same fashion.

As compared to many forms of passive income generation, one of the biggest attraction to owning self-storage facilities is that there is no plumbing. All Self Storage Buildings are composed of is walls and a tin roof, and typically a concrete foundation.... boy does that sound simple to maintain, much like a warehouse. This warehouse space is then broken down into multiple units of varying sizes that are rent-able to the general public for a nominal fee.

In addition, unless your target area is saturated with mini-storage units, we think you will find rather attractive returns on investment as compared to many other types of rental properties. So, in short, if you are looking for a mini-storage complex for sale, then get educated first and then get out there a do it!

Over the years people unconsciously acquire things. The clutter or excessive furniture, object d' art, or books only get noticed when it is time to move. Then you have to find an answer to the problem. Well you can take everything with you, or donate things to family, friends, or charity, or have a garage sale, or put things into storage.

The modern solution is to put things you don't want to use but cannot part with into a state-of-art storage facility. Many storage units have things like climate control, pest control to prevent destruction of stored items, as well as round the clock security.

When locating a storage unit keep in mind issues like will you need to take things out of storage often? If yes then choose a facility located close to where you live. Compute how much space you will actually need. Experts recommend taking a smaller space and filling it floor to ceiling rather than paying for space that will never be used. There are options like mini storage for really small loads. Think about whether you are storing antiques or paintings if yes, then look climate controlled storage.

Standard sizes of units are: 5x10; 10x10; 10x20; and 10x30. Find out how many items each kind can store. For example a 10x20 can hold most things from a two bedroom house while a 5x10 will hold a couch, chair, chest of drawers, small boxes, bicycles, and motorcycles.

Make a list of possible units. Find out how long they have been in operation and whether they have a solid reputation. Read all the rules and regulations. Some storage units allow 24 hr access while others have timings. Consider protecting your goods with sufficient insurance coverage.

Pack all the items to be stored in weather resistant strong boxes with padding like bubble wrap if there are breakables. Make a key list what each box contains and decide a priority list where by what you are unlikely to use will be stored at the bottom or back of the facility and what you may need to retrieve will be stored in front such that it becomes easily accessible.

The rent to be paid will be calculated on the size of the unit, the number of units available of the size you need, the term of lease, as well as facilities offered. Even storage facilities offer discounts so do ask. Clever negotiation can save you money. Many facilities charge in addition to rent, set up or processing fees as well as late fees if the rent is not paid within the stipulated time. Read the agreement carefully and seek answers to questions regarding security, insurance, the presence of an on site manager, adequate lighting, and ownership of the facility. Ask for references and check them out.

Article Source : Relocation Guide

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Both Allan Smithz & Paul Wilson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Allan Smithz has sinced written about articles on various topics from Travel Insurance, Franchise and Family. Information about . Also, visit our. Allan Smithz's top article generates over 9900 views. to your Favourites.

Paul Wilson has sinced written about articles on various topics from Internet Marketing, Interview Questions and Hotels and Hostels. Paul Wilson is a freelance writer for , the premier website to find help on Moving including topics on moving companies search, compare movers, mo. Paul Wilson's top article generates over 90500 views. to your Favourites.