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Updated over 2 years ago on . Most recent reply

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David A Pennell
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Self Storage Investing...what is the best way to get started

David A Pennell
Posted

I am wanting to start my own business in Self Storage. I already started my LLC, and have been partnering as an investor on some rental properties, but have not pulled the trigger on purchasing an existing self storage facility, or developed any specific plans for starting something from the ground up.

I have seen people comment about the website selfstorageinvesting.com and have started listing to some of Scott Meyers podcasts.

I am considering signing up for their live self storage accademy, but do not know if the content/ education is worth the investment (vs. reading his book, other options, etc).

Has anyone out there taken this course?  Is it worth it?  What are the other options out there?

I only recently joined BiggerPockets and it seems more tailored to residential real-estate, not Self Storage (i.e. no calculator that maybe fits the self storage model...idk).

Thanks,

Dave

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,087
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28,076
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Ben McMahon:

I think it's best to buy in a high-traffic area so your property advertises itself. A billboard may work, but then they have to find you and you're marketing to people that don't live anywhere near your facility and will never use you. 

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

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