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Updated about 3 years ago on . Most recent reply
How to value and get started in self-storage properties?
I am interested in learning about self-storage properties. I am currently starting a business that will require extra space to store items. I am in the Provo, Utah area and would love to connect with any other self-storage fanatics to talk through things.
For instance, how to value a storage facility, management concerns, risk mitigation, current market cap rates, etc. If anybody has any resources for me to look at or answers, please let me know.
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AJ Osborne's book and @Paul Moore's book are great resources to get you an introduction to the business. @Michael Wagner runs the Storage Rebellion and provides a lot of helpful content through that group/platform as well. I would wager that there's someone in Mike's group who currently invests in storage in the Provo area.