Why Is Self-Storage Investing so Lucrative?

#1

Self-storage garners sticky tenants. People in this asset class are willing to put up with more rent increases than tenants in other classes. Let’s say an owner increases rent by 6 percent. Self-storage customers paying $100/month aren’t going to take a Saturday to rent a moving truck, get friends together to help them lift things, and relocate all their belongings elsewhere to save $6. But apartment dwellers paying $1,000/month might be motivated to move to save 6 percent.

1 Like
#2

Still have two. Wish I kept the other 3. Cash cow with no government interference

1 Like
#3

Why not buy more today? No deals?

#4

There’s no deals anywhere. Just sold my apartments in Sacramento. Nowhere to put money. Tons of cash from REITS searching for deals.

PSA anyone?

I would rather build my own.

2 Likes
#5

What’s PSA?

If you want to do 1031, you don’t have much time

#6

Public storage REIT
Hasn’t been lucrative since 2016

Benchmark

#7

A small self storage in SoCal. 4.37% cap. Asking 2.3M.