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Updated over 5 years ago on . Most recent reply
![Tucker Olen's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1381634/1621511793-avatar-tuckero1.jpg?twic=v1/output=image/crop=720x720@0x0/cover=128x128&v=2)
Adding Self Storage to 3 Unit Building
Hi all,
New to Bigger Pockets!! I'm seeking advice on adding self storage space to an existing 3 unit building. The property has an empty garage and basement that could help add cash flow to the bottom line...
What are the major things I need to turn this into proper self storage units? Do I need security cameras? Insurance against theft? What kind of leases? And should I rent them at below market rate in a crowded market? Any basics and systems would be a great help!
Please bear with me I'm 19 and still working to stabilize my first property. It's been a much bigger task than expected but oh so worth it!
Thanks,
Tucker O.
Most Popular Reply
![Andrew B.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/662758/1694582001-avatar-andrewb183.jpg?twic=v1/output=image/cover=128x128&v=2)
Be cautious if you plan on allowing outsiders to utilize this self storage space. Its likely this is considered commercial activity, and may not be allowed with your current zoning.