Arbitraging a storage unit as an STR

[Paul Sandhu]

You know what a storage unit is.  Those storage buildings all in a row with a bunch of garage doors where you can rent out an individual unit to store your stuff.  A person can put some rudimentary furniture in there and maybe a tv, a microwave and a portable toilet.  They have a power outlet and a ceiling light.  The monthly rent for the storage unit is normally about $40.  How much do you think a person can get per night for a storage unit?  There are only about 250 motel rooms in this town.  Starting in January there will be about 1500 people coming here for a major industrial job.

[Paul Sandhu]

Quote from @Bruce Woodruff:

Quote from @John Carbone:

Apparently there is a federal law prohibiting this practice.

 https://www.simplyss.com/blog/...

Laws prohibit a lot of things. Doesn't mean they don't get done...

I see signs on the side of the road that tell you how fast you can drive.  That law gets broken all the time.  I could rent one of those blue Porta Potties and set it outside 4 storage units.  I know that there is supposed to be one potty for every 8 people at a worksite.  I could put 2 beds in each of the 4 storage units and they will have a place to use the bathroom.