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Updated about 7 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Rod Lloyd
  • Property Manager
  • Rainier, OR
3
Votes |
26
Posts

Mini Storage

Rod Lloyd
  • Property Manager
  • Rainier, OR
Posted

I am interested in getting into Mini Storage units as an investment. I am looking for feedback and how to become educated in this type of business. I have a lot of experience in Rental property investing.

I am in Longview WA area

Most Popular Reply

User Stats

51
Posts
58
Votes
Terry Campbell
  • Lender
  • Wilmington, NC
58
Votes |
51
Posts
Terry Campbell
  • Lender
  • Wilmington, NC
Replied

If you are interested in really learning about this industry, you should go to one of these upcoming educational opportunities. 

The ISS (inside self storage)is having their spring trade show in Vegas in April. this is the biggest event of the industry. www.insideselfstorage.com

The SSA (self storage association) is having their spring show in Orlando mid-march. www.selfstorage.org

Scott Meyers has a self storage academy coming up in San Antonio March 8-10 in San Antonio. www.selfstorageinvesting.com

If you are serious about this business, you owe it to yourself to attend one of these. I have been in this business for over 23 years as a building supplier, Lender and owner. This is one of the best businesses that you can be in. 

If you would like to discuss it with someone who has been around and knows the industry from experience it, let me know. Self-storage done right is great. i could never image saying that I would rather own house and deal with the things you have to deal with ( I have done it before) rather than self-storage. if someone is having issues with late payments, they are not managing it properly. Collecting rent by using technology and a credit card does away with payment issues because it is automatically paid each month...on time...

Again, talk with people who have real experience in the industry before making a decision. 

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