The self-storage industry is still, hands down, the best real-estate investment in America. Unlike traditional real-estate ventures, you can control your self-storage property as it appreciates. Self-storage also allows you certain tax advantages regarding interest on your loan. Plus, start-up and overhead costs are low, making room for more profits and allowing you to recoup initial expenses in a short period of time.
The demand for Self-storage options continues to grow
Only 6 percent of the population is currently utilizing self-storage and market trends expect this number to rise. Baby-boomers are now retiring and down-sizing, leaving them with more things than space. As a nation, we are accumulating more stuff than ever. Think about all the things people can't store at home, like recreation vehicles, sporting equipment, collectables, seasonal items and more.
Local businesses discover the convenience of self-storage
As communities have become more familiar with self-storage, the market has actually expanded to include the needs of local businesses. Easy access, convenient office hours, and no long-term rental agreements make self storage facilities very attractive to retail, contractor, and home-based businesses. In fact, storing business files, inventory and equipment makes up as much as much as 30% of the business in today's self-storage market
American Steel Buildings helps new investors succeed
If you're ready to capitalize on the exploding need for more space in America, talking to the experts at American Steel Buildings is the first step. Manufactured steel buildings offer quality space at a minimum cost and can help reduce the stress of getting your new business underway. American Steel Buildings can help you overcome a lot of obstacles, such as unit planning, finding a construction crew, and meeting the specific regulations of your city.
How to start smart in self-storage
As with any business, planning ahead is crucial to the success of your self-storage start-up. Don't fail to consider details like location, land cost, legal issues, and construction and maintenance challenges, before you start spending money.
Location is one of the most important decisions you'll make. Choosing a site that is located on a major travel corridor, highly visible, and within your budget can be very difficult. Research this aspect thoroughly and consider hiring an experienced consultant.
Other advantages of a self-storage industry investment
- Constant demand means constant cash flow
- Low operating costs
- Month-to-month contracts allow you to control rent
- No single customer can critically affect your success
- Very low failure rate
Building your future
With a little research and the right space most new self-storage locations thrive right away. Many new self-storage owners discover their units fill up more quickly than expected. When you need additional units to keep the proceeds flowing, American Steel Buildings will be there to help you expand quickly and cost-effectively.
Visit www.gosteelgo.com to receive a free quote on steel mini-storage buildings or get your questions answered. Don't forget to sign up for our newsletter while you're there.
