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Updated almost 4 years ago,

User Stats

128
Posts
73
Votes
Ben Riechmann
  • Investor
  • Cleveland Heights, OH
73
Votes |
128
Posts

Can we get a shout out from storage unit people?

Ben Riechmann
  • Investor
  • Cleveland Heights, OH
Posted

I had a friend at undergrad that did not want to get into rentals like me later on when he heard long-term goals.  So I told him he should look into storage units.  He lives in a really remote part of Indiana, and we try to stay in touch often, but we just get in touch when we can.  Every time I talk with him it seems even in his remote area he is thinking of putting up another building, where he bought the land and builds them from scratch.  The land tapers in one area and so each new one is smaller than the earlier ones, but with building costs going up, the smaller ones are more expensive than the old ones!  If we only knew when we originally bought electrical wire and other supplies to buy way in bulk, we could have saved money and sold some to pay for some of our work on investments!  Lol.

Do we have people on here that have storage units that are part of the franchise and not part of the franchise systems?  Can they give words of wisdom on the pros and cons to the others?  In other areas, it seems like people are doing quite well with them.  The biggest issue I hear seems to revolve around getting the initial zoning.  Others may have other stories to tell!