When investing in real estate, there are many options available to new or existing investors, with several avenues worth exploring in the commercial space. While many commercial real estate investors look to purchase apartment complexes, retail spaces, offices, or warehouses, there are other options available.
If you’re not interested in dealing with tenants, but find monthly rental income attractive, there’s an alternative form of real estate investing you should look into: self-storage facilities.
Self-storage facilities offer customers a place to safely store their belongings, monthly. While contract terms can vary, the premise is simple: a customer pays monthly rent for storage space. While there’s generally nothing glamorous about these properties, there is continued growth in this sector, no matter the state of the economy.
Self Storage Facilities Remain Strong Investment Options in Any Economy
These storage facilities are often overlooked by new investors, but they can be a reliable source of income, no matter what condition the market is in. When the economy is strong, people often buy in excess and need to store some of their belongings. Likewise, when the economy is bad, people might lose their houses, but they often still pay for storage facilities to hold their belongings until they can get back on their feet.
Investing in self storage facilities can be extremely lucrative, whether you chose to actively or passively invest. Investors can choose to purchase their own facility and manage it or they can invest in a trust that funds self-storage facilities.
Additional Upsides for Investing in Storage Facilities
Active investors should be aware that self-storage facilities have a high turnover rate, as many customers use them temporarily, but they often have a high influx of new customers, which can even out the profit. In addition, if a customer leasing a unit doesn’t pay their monthly rent or forfeits the terms of the rental agreement, the property owner can then seize all assets in the unit and auction them off for profit.
Investing in Self storage center units often require much less maintenance than other commercial properties, since they consist of little more than cement flooring and walls. Units are often easy to clean out once customers leave, requiring little more than a quick clean up.
Savvy investors can also explore other ways to generate revenue in their property by offering moving truck rentals and selling packing supplies.
Stop making excuses — just get out and do it!
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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