How to Earn Money through Passive Storage Investing
The business world today has taken a new shape. It has allowed us to improve our sources of income, even from the comfort of our homes.
While you go about your daily business or job and later stashing up the wage or salary you earn in your bank, you could reinvest those monies in a self-storage investment that gives you a regular return. It’s an investment that doesn’t require you to be an expert in the stock market.
Self-storage business provides people with the services of storing their household materials, work tools, equipment, and even vehicles. This business is one that you can either solely own and manage. It could also be one where you invest a chunk of your money in, just as you can do on passive storage investing homepage, Then watch as it generates returns, even while you’re busy with other engagements.
How Far the Self-storage Business Has Come
In the United States, the self-storage business generated more than $22 billion in revenues in 2011, with more than 49,000 self-storage facilities spreading all over the US. And statistics revealed that at least one in every ten households currently rents at least one storage unit.
These figures are on the rise due to a growing population, with little rise in the number of self-storage facilities. With time, people began to take advantage of this opportunity to expand their sources of income.
Types of Self-storage Facilities
The different types of self-storage facilities common in the US include climate-controlled self-storage, non-climate controlled self-storage, portable container storage, and information management service.
The kind of self-storage to invest in should be influenced by the type of business dominant in that area or the prevalent goods. For example, investing in a self-storage company that deals in information management services in a highly office-dense area would be more profitable.
Climate Controlled Self-storage
Access to this kind of storage facility is usually restricted to only authorized users. It’s an enclosed building having it’s temperature and humidity level controlled.
This kind of storage facility is suitable for storing essential documents, precision tools, wine, electronic gadgets, and furniture. And these items can be retrieved with the use of elevators and carts.
Non-climate Controlled Self-storage
This type is quite the opposite of climate-controlled self-storage. It’s less expensive and doesn’t have any special temperature regulatory facilities.
Only goods and equipment that can withstand extreme heat or cold and are not sensitive to changes in atmospheric conditions should be stored here. These may include vehicles, heavy tools and equipment, outdoor furniture, e.t.c
Portable Container Storage
This type of storage equipment is moveable. On request by a customer, handlers evacuate the storage equipment from the customer’s home to a warehouse where it’s stored with little or no access by even the customer.
Items to be stored in this kind of storage are those that aren’t sensitive to weather conditions changes. It has no climate control.
Information Management Service
This kind of storage deals only with paper materials. Upon request by a customer, the customer’s box of files is taken away to a climate-controlled storage warehouse and retrieved when the customer needs it.
These self-storage facilities listed above should give a good insight into the kind of self-storage company you should invest in.
Why You Should Invest in Self-storage
The self-storage business is resistant to an economic recession, has a high and growing demand, incurs a relatively low building and maintenance cost, and is almost self-sufficient.
Resistance to Economic Recession
Unlike other commercial real estate businesses, self-storage tends to have a steady economic yield during an economic recession. That’s because even at recessions, customers will still have to store their goods, properties, and vehicles till they are ready to retrieve and make use of them.
High and Growing Demand
Every day, people buy goods, business materials, and vehicles. There’s an increasing need to store these items in safe places, especially at locations close to seaports and harbors. With this, investing in self-storage will have the edge over other real estate investments.
Relatively Low Building and Maintenance Cost
The self-storage isn’t one that would need a lot of technicalities, facilities, and equipment when setting up. Likewise, it doesn’t require much finance to maintain when compared to other real estate businesses. That’s because the structures are less complicated.
Operating a self-storage isn’t a time-consuming and energy-draining business like other real estate businesses. Even if it requires employing a management expert’s services, it’s sure to be more economical than other real estate businesses.
How to Get Started as a Self-storage Investor
Becoming a self-storage investor isn’t rocket science; neither is it one that requires expertise in the stock exchange market. You only need to buy shares and be on the right path by visiting the passive storage investing homepage.
By signing up to be part of investors, you will access all offers available for investors. You’ll be required to submit your details, which will be used in communicating available opportunities for you. You also get the chance to meet other investors and getting educated in self-storage investing.
Then, you get in touch with various self-storage companies through your consultant. You get to discuss your goals with the consultant and find the best investment plan suitable for you.
Make Your Investment
In line with the details filled on your application form and advice from your consultant, you can proceed to put your money into the scheme. With time, those monies will begin to generate dividends.
Enjoy the Dividends
This part is where you get to enjoy the turnovers your passive investment generates. You may also decide to reinvest the turnovers or make an increase on your investment: the bigger, the merrier.