An interesting trend being scene among Real Estate investors are the addition of Self Storage facilities to their portfolios. Self storage can meet a variety of investment goals.
Self storage offers the ability to quickly produce high investment returns, with minimal risk, and allows you to choose your level of involvement. By effectively investing in self storage you can:
* Produce returns that exceed 20%
* Quickly establish cash flow
* Significantly increase your investment value
* Manage your investment risk
* Control your investment involvement
Steve Gillman did offer one piece of advice.
"Don't try to do this on too small of a scale. The rent you collect for each self storage unit will not change, but the cost per unit will go down with bigger complexes because of the fact that per-unit cost for land goes down. For example, A $60,000 piece of land is $3,000 per unit for 20 units, but you might fit 120 on the same land, which makes it just $500 per unit. Good cash flow is easier to achieve with a decent-sized self storage building."
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