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Updated over 6 years ago,

User Stats

29
Posts
16
Votes
Emmett McNulty
  • Lender
  • Midwest
16
Votes |
29
Posts

Remote Storage Units

Emmett McNulty
  • Lender
  • Midwest
Posted

Hi all,  I have an opportunity to purchase 30 storage units in a remote area off of a 2 lane highway in an area about 3 hours from where we currently invest, Way out in the Country.  We own a lot of rental property, but I have no experience in storage units. The acquisition price on these makes a Ton of sense, IF we can manage them remotely.  That said, I am having a hard time locating anyone who as done anything like this and succeeded (maybe this should tell me something).  Is there any advice out there on buying small storage complex's and using technology to manage them?  The number of units just doesn't justify having a property manager on site and I think having a realtor help with showings or rent collection would be a major challenge.  The best deals usually require creativity, but Im really struggling with this one.  Any advice is much appreciated!

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