How much capital do you need to invest in storage facility?

I would not allow basement storage either way. 

A Phase 1 Environmental is another report get can get ordered that will give you some background of the site - such as if there were any gas stations nearby that may still have underground storage tanks, etc. 

A few days later, he receives a notice telling him he is being fined $100 a day for storage (the parking lot cameras recorded the towing company who then ratted him out). 

If they are clean, quiet, respectful, and you want your original tenants to stay long term kindness can go along way.I had a property management rep call me a while back after they had leased a property for me, stating that the tenant wanted to put a portable storage shed on the property.

So what I'm getting at is to spend your time and get familiar with the syndicators out there for the real estate asset class your most comfortable with (self storage (that is what we are heavily investing in at the moment), multifamily, warehouse, retail, ....). 

I also use it for chatting with tenants and expense tracking, document storage etc. it’s also using ACH and free for all parties.

I believe there is room for a big storage unit buisness in my town.

I am currently converting the larger one (45K sq. ft) to self storage. 

Exposed brick, front and rear balcony, storage space attached, new windows.