All Forum Posts by: Michael Minervini

I'd suggest that its not "what you offer" that makes it more or less "passive" in nature but instead its a factor how "how you offer it".  What you say here is accurate relative to "how things are normally done" but I own and operate properties that fall into both of these categories.  With the right systems in place, they are equally 'hands off" for me. My most recent project is a hybrid of the two models you mention above.  We've got every thing from 25 square feet to 2000 square feet in one building!

 Thanks for the input!

Remember there are two types of self storage....... your standard self storage facility with small units ranging from 20 sf to 200 sf with a staff on site and possibly a supply store or rental service attached, location specific.....and then you have your XL storage (RV, Boat, Business storage) which are units ranging from 600 sf to 1,500 or more.... no staff, no store, and total different target market. Storage is awesome, but my opinion the XL storage is way more passive and less of a business. Good luck!