Are you investing in self storage?

[Nathan Gesner]

I'm surprised there's not a category for self storage. In my opinion, it's as lucrative as mobile home parks and easier to come by.

I would love to connect with others that are investing in self storage facilities.

[Paul Moore]

Hi @Aly W.. Thanks for reaching out!  My new book is out and available at www.Biggerpockets.com/storage. I’m excited to connect with everyone who wants to discuss this topic and I will be doing a free call most Wednesdays at noon to discuss self storage and other commercial real estate investing topics. You can PM me to get the free conference line number

[Mary Morris]

I am interested in learning more about storage units.  Just listened to the podcast with Paul Moore. I am a real estate agent in southern California so I understand the rental market for SFRs and condos but nothing about self storage.  Any suggestions on where to learn about this niche?

[Taylor L.]

Originally posted by @Mary Morris:

I am interested in learning more about storage units.  Just listened to the podcast with Paul Moore. I am a real estate agent in southern California so I understand the rental market for SFRs and condos but nothing about self storage.  Any suggestions on where to learn about this niche?

 @Michael Wagner's Storage Rebellion group and AJ Osborne's Self Storage Book and podcast will get you going!

[Nancy Browne]

Quote from @Nathan Gesner:

I found it by calling storage facilities and asking if they were interested in selling. That's it. No magic formula, no special script. I haven't read any books or even online blogs. I do have the benefit of experience in real estate, own 30 rentals, and manage 200 storage units so I know the business fairly well and am confident in my ability to figure things out on my own.

Nathan if you don't mind me asking. How did you find their numbers? Did you just call the main line? I've tried this and the person working there did not divulge info. 

[Aly W.]

I just came back from a trip to Brevard County, FL. My realtor and I literally drove around and found at least 8 facilities in a 10 mile area....all were at capacity with waiting lists, and none were interested in selling. Several were mom and pops, and more than one looked like a dump site. It didn't matter. They know what they've got and have been approached many times. For those who are selling, what they're asking may not be viable for a buyer. My realtor and I will keep looking this way, just to say hello, talk for a bit, leave our contact info and a little gift :)

My husband and I are residential rental owners, and I get those calls/letters/texts/emails all the time.

[Bill Snyder]

Quote from @Account Closed:

Investing in self storage is indeed lucrative and has been growing in popularity. Effective self storage management is key to maximizing returns and simplifying operations. Software solutions like Kinnovis and Easy Storage Solutions offer features such as unit rentals, payment processing, and record-keeping. Storeganise and Self Storage Manager are also excellent options, providing flexibility and robust management tools. These systems help streamline operations, enhance customer service, and improve overall efficiency, making self storage management more manageable and profitable. Connecting with other investors can provide insights into best practices and emerging trends in the industry.

 Thank you promotional AI bot.  🙄