Self-storage investing has been an extremely lucrative and recession resistant investment strategy for decades. Self-storage facilities are commercial properties designed to provide individuals and businesses with space to store their belongings for short-term or long-term periods. These facilities typically consist of individual storage units with varying sizes and features, such as climate control and enhanced security.
In today's economy, investing in self-storage facilities offers several advantages that can make them an attractive option for investors. Investing in self-storage is growing in popularity due to several factors, including:
Vetting a good self-storage investment requires thorough research and due diligence to ensure you make a well-informed decision and to minimize risks and maximize returns. Here are some steps to help you evaluate a potential self-storage investment: