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Updated about 4 years ago on . Most recent reply

User Stats

180
Posts
37
Votes
Matthew Wright
  • Investor
  • Windham, ME
37
Votes |
180
Posts

Attempting first Self storage deal

Matthew Wright
  • Investor
  • Windham, ME
Posted

Is there a minimum number of units you would require for a first purchase? Should I stay away from something with no gate, security or any real management in place? Or are these the types I should be targeting? I’m experienced in multifamily, but would like to add self storage to the portfolio, have the basics of storage down, but not entirely sure where to begin. I’ve seen a few good ones I my area that I don’t think are managed right and aren’t advertised well (to include bad google reviews etc) but they are typically only about 100-150 unit.

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