The 1st Rule of Finding Self-Storage Includes Small Business Websites!

While you are out exploring the internet, one of the places that you want to make sure that you actively search is small business websites. These websites often have gold in them if you look hard enough.

Many small self-storage facility owners consider themselves to be a small business. Because of this, they network with other small businesses rather than property owners. By reaching out to this demographic, not only do you allow yourself to find potential self-storage properties, but you also introduce yourself to people who may have the perfect property for a conversion.

Go out and chat on small business owner forums. Participate so that people know who you are. Many people will complain about how bad things are going. When there is an appropriate situation, let people know that you might be interested in purchasing their building or their business.

If you remember, you are looking for about 50,000 square feet or more in a building and three to four acres of land. You can always add on to a building if you need to. In addition, if you are looking at a warehouse, the ceilings may be tall enough that you can add a second floor to get additional square footage.

While this might seem like the wrong place to spend your time, there are going to be fewer investors looking for self-storage and conversions here. However, don’t spend all of your time on one strategy.

There is no one strategy that is guaranteed to find properties 100% of the time. However, if you have 5 to 10 different strategies for finding properties, then you have better odds of having at least one strategy that will work all the time.

Network in as many ways as possible so that you have your pipeline as full as possible. The more people that you talk to the more likely you are to find a property that will work for you. As always, happy investing.