And 2020 was a great year and it looks like 2022 is set to be a fantastic year as well.
Don't take my word for it. Check out what the Motley Crew has to say about self storage and the recent 1.2 Billion dollar self storage purchase by Public Storage. I like the part where they talk about how sticky self storage is and now people are using storage simple to decluttter their homes. Read the article here: https://www.fool.com/investing/2021/12/11/self-storage-operator-made-17-billion-acquisition/
And if that deal was not big enough for you, StorageMart recently bought Manhattan Mini Storages for $3 billion dollars!
Don't take my word for it. Check out the stock Market. Self storage REITS were up 71.8% at the end off November, beating the DJIA up 19% percent.
Don't take my word for it. Check out this new article in the WSJ on how well self storage is doing and why. https://www.wsj.com/articles/self-storage-is-the-pandemics-hot-property-11640132345 Plain and simple the industries combination of unprecedented occupancies and rates even in the pandamic continue to make self storage an incredible one of a kind investment.
So how do you take advantage of this great business and on the going prosperity it provides?
First do you have the passion, excitment and hard work it will take to make it happen? Before you can answer, you need to understand both the investment of money and your time required to make it happen. You can read some of the basics on our website FAQ's here: https://www.storageauthorityfranchise.com/frequently-asked-questions
Here are some of the core basics that will stop most people from building their own self storage ATM: $750,000 of your money is needed to invested along will $5MM or more of the banks money; 6 - 12 months to find land; 6 months plus to design and get approvals and 10 - 12 months to build. But where else can you invest $750,000 and your time and in 5 years from today be a multimillionaire and have the time and the life style most people will never have.
Even $2,500,000 can easily run out in time. The best retirment investment is when it keeps on paying you a rising six figure income year after year and builds a huge nest egg for you and even for the next generations. And you can become a multimillionaire while you keep your career?
The best and fastest way to fully understand the efforts, risk and money to build self storage is to have a couple of zoom calls with Ed@storageautthority.com or Garrett@storageauthority.com
I promise we won't sugar coat it.
I look forward to meeting you if you think you qualify for a storage Authority Franchise!
Marc Goodin is President of Storage Authority Franchising. He owns 3 self storages he designed, built and manages. He has been helping others in the self storage industry for over 25 years. He can be reached at marc@StorageAuthority.com or directly at 860-830-6764 to answer your franchising, development, marketing, sales and operations questions. His best selling self storage books are available at amazon.