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Updated almost 5 years ago,
Self Storage Unit Investing for Beginners: The pros and cons?
Paul Moore explained how storage units were great during good economic times and downturns. People need a place to store stuff that they buy from Amazon or Walmart. This also holds true when people want to downsize their homes. Self-storage units seem to weather the economic storms and keep its tenants. Additionally, there is a new 58-unit apartment development (valued a $6 million) under construction in the vicinity of where I would like to add these units.
I am a newbie to Bigger Pockets, participate in the weekly webinars, and listen to the Podcast. Self-storage units haven't been a topic covered since I have been a member. I am from a small town in Indiana and wanted to ask the group for pros, cons, and how to get started?
Thanks in advance!
V/R
James O'Neal