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Updated about 11 years ago on . Most recent reply

User Stats

45
Posts
6
Votes
Stephen Turner
  • Investor
  • Canton, GA
6
Votes |
45
Posts

Opportunity for Passive Income?

Stephen Turner
  • Investor
  • Canton, GA
Posted

Hello all,

I have been reading up on other "small businesses" or ventures to try and create avenues for passive income. Many people have mentioned vending machines and I have some friends who are researching ATM's, but my question is about owning storage unit complexes.

I am just beginning my research of this topic but wanted to try and get any knowledge from those who may personally know about it. For the most part it appears to be pretty labor free(not constantly restocking machines). And you can hire a manager to run the office during the week. But any and all input would be greatly appreciated and thank you in advance!

Most Popular Reply

User Stats

823
Posts
844
Votes
Michael Wagner
  • Specialist
  • Victor, NY
844
Votes |
823
Posts
Michael Wagner
  • Specialist
  • Victor, NY
Replied

@stephen turner,

I have some experience in the Storage World and I can recommend without hesitation that you give it a long serious look. It is a wonderful industry. I think the signature of this message should contain a link to a couple blog posts I put on here a few months back. Check those out for some preliminary information and feel free to reach out to me with any specific questions you might have. I love taking business!

Mike

  • Michael Wagner
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