A Self Storage Business is a Recession-Proof Investment Strategy
Own your own self storage business!
Storage units are often called recession-proof investments. People always need them. And all across the country, with a growing population that provides a constant supply of people in transit and in need of storage, they're shooting up everywhere. According to the Self Storage Association (SSA), self storage business has been the fastest-growing sector of the U.S. commercial real estate market for the last 30 years, growing into a $220 billion industry.
Storage facility operators are capitalizing on a constant of modern culture: Americans own a lot of stuff. Even as people downsize to smaller homes (by choice or through foreclosure) they want to hold on to their possessions. With the same amount of things but less space to put them in, they look to storage facilities. People with second homes often store their large possessions like snowmobiles and RVs in units while they're away. Wealthier Americans tend to rent climate-controlled storage units for their antiques or gun collections. Traveling salesmen use them to store large quantities of samples and literature.
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Storage facility operators are capitalizing on a constant of modern culture: Americans own a lot of stuff. Even as people downsize to smaller homes (by choice or through foreclosure) they want to hold on to their possessions. With the same amount of things but less space to put them in, they look to storage facilities. People with second homes often store their large possessions like snowmobiles and RVs in units while they're away. Wealthier Americans tend to rent climate-controlled storage units for their antiques or gun collections. Traveling salesmen use them to store large quantities of samples and literature.
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Meet Scott Meyers - Expert in the Self Storage Business
Self Storage Business Expert
Scott Meyers, CSSM, is the nation's leading Self Storage educator. Scott is a Certified Self Storage Manager (CSSM) through the National Self Storage Association and has been a real estate investor since 1993. He travels the country revealing why Self Storage has become the hottest sector in Commercial Real Estate over the past 30 years that virtually nobody has heard about. Practically every real estate investor and entrepreneur has uttered the words "I've always wondered about Self Storage, I've heard those things were cash cows". It was only after becoming a penniless millionaire in the single family and apartment business, and a near bankruptcy experience managing several hundred tenants and toilets that Scott asked himself that very same question.
As a result of his research and 16 years experience, Scott Meyers is now the owner and President of Alcatraz Storage which operates several Self Storage Facilities in the Midwest. He was also an instructor of the Landlord 101 course through the University of Indianapolis and now Scott Speaks to Investor groups nationwide and has students around the world, but mostly enjoys spending time at home with his wife and 3 young children in Indianapolis, Indiana.
As a result of his research and 16 years experience, Scott Meyers is now the owner and President of Alcatraz Storage which operates several Self Storage Facilities in the Midwest. He was also an instructor of the Landlord 101 course through the University of Indianapolis and now Scott Speaks to Investor groups nationwide and has students around the world, but mostly enjoys spending time at home with his wife and 3 young children in Indianapolis, Indiana.
7 Reasons to Invest in a Self Storage Business
A Self Storage Business is a Cash Cow!
If you might be interested in a Self Storage Business opportunity, check out Self Storage Associations that provide common interest solutions for the self storage industry. Associations aim to serve the needs on a national, as well as local level, for self storage owners, operators, vendors and all those involved in the industry. Services that associations provide include: training, education, political support and guidance, effective lobbying for common problems, trade shows and conferences, regional seminars, and much more. Here's why self storage is a cash cow business:
- Entrepreneur magazine listed Self Storage as the Fastest Growing Business in the country!
- The New York Times recently crowned Self Storage as this recession's "Cinderella Industry"!
- Self Storage has the lowest loan default rate of ANY commercial Asset Class!
- The Self Storage industry has nearly Doubled in the last 10 years!
- Demand Projections show that it should double again in the next 10-12 years!
- 23 million Self Storage Rental Units in this country compared with only 11 million Single Family Rental Units!
- NO TENANTS AND NO TOILETS!
Discover the Self Storage Business Home Study System
Learn about the self storage business!
If you seriously want to know more about Commercial Real Estate's hottest sector and learn how to create wealth with self storage, The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities home study system is for you! Here's the incredible package that you'll get. Remember, you get ALL this from the nation's leading Self Storage Educator, Scott Meyers!
1. 299 Page Manual to be used in conjunction with the DVDs & Audio CDs included that will show you step-by-step, from A to Z, how Self Storage will make you wealthy; the safer, faster way. You'll discover how to find the deals, how to evaluate facilities, keys to successful negotiations, writing offers that get accepted, where to find the money to fund your deals, and how to extract maximum dollars.
2. 6 Full length DVDs including 4 Live Case Studies from my all day live training event - that you can pop into your home DVD player and get a "classroom at home" teaching experience from the comfort of your favorite chair that will bring my strategies and experience straight to your living room.
3. 6 Audio CDs From my all day live training event that you can plug into your car or home CD player and get a teaching experience that will cement these concepts and amplify the techniques and coaching only I can provide.
4. The Self Storage Valuator Software CD and accompanying step-by-step manual - This fool-proof software will save countless hours of critical calculations, with a level of accuracy that eliminates easily overlooked but extremely costly errors. The Self Storage Valuater Software tool gives you concise information and the professional format necessary for getting deals approved through lenders, investors, and appraisers alike.
5. The Document Library CD-Rom with 18 various Checklists, agreements, contracts, spreadsheets, mailers, Purchase Contract and accompanying forms for Buying Self Storage Facilities.
6. Scott's Fast Start CD Rom - A step by step 90 day checklist outlining exactly what you need to do to close your first Self Storage Business deal!