Baby Boomers Creating Huge Demand for Self Storage
Article by Scott Myers Most U.S. Businesses including Self Storage owners continue to market to the powerful Baby Boomer generation, but generations X and Y should not be ignored. As the Baby Boomers near retirement, Generation X workers are establishing themselves in careers and starting families. In the meantime, Generation Y is graduating from college and entering the job market. However,...
Read MoreIntroduction To Self Storage Investing
Article by Scott Meyers Self Storage Association Definition: Self Storage facilities are real property designed and used for the purpose of renting or leasing individual storage spaces to tenants who are to have access to such space for the purpose of storing and removing personal property. They offer rental on a month-to-month basis of individual spaces where customers provide their own lock...
Read MoreInvestment Opportunities in Self Storage
Article by Scott Meyers Like all other real estate investments, self storage shares the same attractive qualities as residential rentals, apartments, retail strip centers, office buildings, and industrial properties. Those include leverage (borrowed money), tax advantages, passive income, personal control (being your own boss), and appreciation. However, self storage offers a number of benefits...
Read MoreRecession Proof Real Estate
Article by Scott Meyers They’re often called recession-proof – steady investments that are inexpensive and easy to maintain with consistent profit margins. Not to mention, they’re one area of real estate that seems mostly unaffected, if not helped, by current rough market conditions. They’re storage units and people always need them. And all across the country, with a...
Read MoreThe Future of Self Storage
Article by Scott Meyers As we look to the future of self storage, it’s very clear that the future looks bright. There are a few trends afoot backed by solid industry data that justify my positive outlook on this high growth industry. These trends are as follows: Increasing Demand The U.S. Population is predicted to reach 400 million by the year 2050. All indicators show that Americans...
Read MoreWhy is Self Storage Suddenly So Hot
Article by Scott Meyers The four real estate investment trusts that together own and operate about 12 percent of the facilities nationwide – most of the other properties are mom-and-pop operations – has soared about 31 percent, on average, this year through Thursday, after finishing 2007 with a nearly 25 percent loss. This year’s returns far surpass those of all other property...
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