It’s crucial to have local market knowledge or work with someone who does.

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

I would recommend looking for local FB investor groups, most areas have them!

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

I found the key is to go into one of the local Secretary of States offices. 

If you ever have questions or are looking to bounce ideas off another local investor let me know. 

This California law eliminates much of the red tape by bypassing environmental reviews and subjective local approvals, creating a faster and more predictable development process.

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Please message me and I can answer any questions you may have on real estate, local meetups or the local area.  

Local real estate agents are saying open it up still as the opening seems too small and makes the space feel cramped.