Does anyone have experience building/operating a storage unit business?

[shiv]

Looking for some info. Costs, timelines, how to find builders, pointers, etc

 

[Rebarcock.]

I can possibly help w ?'s
Builders:any commercial builders
Operating costs are low.
Most hard costs are upfront.
Land,
Building, fence, surveillance.
Manager is probably a 40k job but I'm not positive on that.
Trash/dumpsters are on going overlooked expenses. Dumpsters can get expensive. Can be 1k to remove a full one loaded down

Holler w any others. I put rebar in the buildings all around me and a buddy owns 3 different locations. I can ask and get you answers

 

[ttyh]

Buy one. Profit.

 

[TopHook]

Manager is the most important thing. Someone you can trust if you're not doing it yourself.

 

[Rebarcock.]

Manager is the most important thing. Someone you can trust if you're not doing it yourself.

@Croot_Overlord
this is 100 % correct if i made 200k a yr there id rather pay 90k and make 150k and have a person who won't scam/meth 100k off the top.
Bisness

 

[GarnetPild]

I can possibly help w ?'s
Builders:any commercial builders
Operating costs are low.
Most hard costs are upfront.
Land,
Building, fence, surveillance.
Manager is probably a 40k job but I'm not positive on that.
Trash/dumpsters are on going overlooked expenses. Dumpsters can get expensive. Can be 1k to remove a full one loaded down

Holler w any others. I put rebar in the buildings all around me and a buddy owns 3 different locations. I can ask and get you answers

My grandfather owned some & my uncle helped run them. This all sounds about right, from what I heard from them. I know when my granddad built them in small town Marion, SC 30 years ago, most of the family thought he was wasting money. Dead wrong, those things were a gold mine.

 

[racernhra]

I own storage units and can help.

In my opinion I would look at Betco (who I went with) and Trachte. I’m familiar with these two and they sell complete kits and can install depending on your location. I believe Trachte is in Minnesota and Betco is in South Carolina. Both can facilitate with site design and preparation. Also plans to satisfy zoning. I went with standing seam roof and galvanized metal. I didn’t want screws in my roof that will leak later and I don’t like the look of red iron.

I’m not sure why you’d really need a manager depending on the size and location you’re looking at. I have a great software package that handles contracts, eft payments, late notices, default letters, etc. This isn’t to say you won’t be needed in some circumstances, but it takes a lot of the work out of day to day operations.

 

[Rebarcock.]

My grandfather owned some & my uncle helped run them. This all sounds about right, from what I heard from them. I know when my granddad built them in small town Marion, SC 30 years ago, most of the family thought he was wasting money. Dead wrong, those things were a gold mine.

Marion is still depressed today. We are buddies

 

[Rebarcock.]

I own storage units and can help.

In my opinion I would look at Betco (who I went with) and Trachte. I’m familiar with these two and they sell complete kits and can install depending on your location. I believe Trachte is in Minnesota and Betco is in South Carolina. Both can facilitate with site design and preparation. Also plans to satisfy zoning. I went with standing seam roof and galvanized metal. I didn’t want screws in my roof that will leak later and I don’t like the look of red iron.

I’m not sure why you’d really need a manager depending on the size and location you’re looking at. I have a great software package that handles contracts, eft payments, late notices, default letters, etc. This isn’t to say you won’t be needed in some circumstances, but it takes a lot of the work out of day to day operations.

Nice Ninja

 

[shiv]

I own storage units and can help.

In my opinion I would look at Betco (who I went with) and Trachte. I’m familiar with these two and they sell complete kits and can install depending on your location. I believe Trachte is in Minnesota and Betco is in South Carolina. Both can facilitate with site design and preparation. Also plans to satisfy zoning. I went with standing seam roof and galvanized metal. I didn’t want screws in my roof that will leak later and I don’t like the look of red iron.

I’m not sure why you’d really need a manager depending on the size and location you’re looking at. I have a great software package that handles contracts, eft payments, late notices, default letters, etc. This isn’t to say you won’t be needed in some circumstances, but it takes a lot of the work out of day to day operations.

Awesome! I am gonna be in touch and want to connect more. We have a contract on a house that should net us a solid profit and we want to roll it into some units.

 

[ChicagoFats]

Looking for some info. Costs, timelines, how to find builders, pointers, etc

Know the owner of LockUp storage.

1) One of the wealthier people i know
2) Good tax advantages if you never sell the property. I'll have to get more details
3) During covid, before the fed monetary injection, when you would think people would be looking to cut cost, they recieved 99% of payments on time.

Overall, I think its a great business to get into.

 

[shiv]

Know the owner of LockUp storage.

1) One of the wealthier people i know
2) Good tax advantages if you never sell the property. I'll have to get more details
3) During covid, before the fed monetary injection, when you would think people would be looking to cut cost, they recieved 99% of payments on time.

Overall, I think its a great business to get into.

#3 is very interesting. We’ve got some serious momentum happening, and as long as we can close out the sale of one of our current properties we want to move fast.

It’s something we’ve been wanting to get into for years, just have never had the capital to start it up

 

[Rebarcock.]

Know the owner of LockUp storage.

1) One of the wealthier people i know
2) Good tax advantages if you never sell the property. I'll have to get more details
3) During covid, before the fed monetary injection, when you would think people would be looking to cut cost, they recieved 99% of payments on time.

Overall, I think its a great business to get into.

You buy me a pill press and I can make 1999s orbso in a weekend of counterfeit advil .
feds.
It is a fucking joke

 

[Rebarcock.]

#3 is very interesting. We’ve got some serious momentum happening, and as long as we can close out the sale of one of our current properties we want to move fast.

It’s something we’ve been wanting to get into for years, just have never had the capital to start it up

I'll start forb49k
I sell all my shit and start my own place in Huntsville BAMA USA
Alabama has bif bassbandbi got a great John Boat. I'm in. I'll buy yall out. Ima good boss.
There is something cathartic on knowing you got your shit and no one can take it away. Ownership. That is it. You gotta own it

 

[shiv]

I'll start forb49k
I sell all my shit and start my own place in Huntsville BAMA USA
Alabama has bif bassbandbi got a great John Boat. I'm in. I'll buy yall out. Ima good boss.
There is something cathartic on knowing you got your shit and no one can take it away. Ownership. That is it. You gotta own it

I’m mostly excited about being able to go through peoples shit that don’t pay the lease. Treasure hunting

 

[Rebarcock.]

I’m mostly excited about being able to go through peoples shit that don’t pay the lease. Treasure hunting

If you're vested you can't do that Padre.
That's where hustlers show up. Your eyeballs need to watch. I can explain the gamit in a couple messages. But not today
Vest close

 

[OPD77]

FSF Storage Wars

 

[shiv]

If you're vested you can't do that Padre.
That's where hustlers show up. Your eyeballs need to watch. I can explain the gamit in a couple messages. But not today
Vest close

Makes sense

 

[shiv]

FSF Storage Wars

I’m in

 

[Rebarcock.]

Makes sense

I buy units on occasion

 

[shiv]

I buy units on occasion

Yeah I can see easily how there is a conflict of interest

 

[Rebarcock.]

Yeah I can see easily how there is a conflict of interest

Independent. Doesn't mean ya dont fish w you Carolina rebar gut. Just careful. Scams everywhere. Trust your vibe take 90k a taxes and pay taxes on the profit as a Scorp. I can help ninja

 

[TheNJNole]

I own storage units and can help.

In my opinion I would look at Betco (who I went with) and Trachte. I’m familiar with these two and they sell complete kits and can install depending on your location. I believe Trachte is in Minnesota and Betco is in South Carolina. Both can facilitate with site design and preparation. Also plans to satisfy zoning. I went with standing seam roof and galvanized metal. I didn’t want screws in my roof that will leak later and I don’t like the look of red iron.

I’m not sure why you’d really need a manager depending on the size and location you’re looking at. I have a great software package that handles contracts, eft payments, late notices, default letters, etc. This isn’t to say you won’t be needed in some circumstances, but it takes a lot of the work out of day to day operations.

I LOVE business that generate fat cashflowz.....

 

[SmokeHouse423]

#3 is very interesting. We’ve got some serious momentum happening, and as long as we can close out the sale of one of our current properties we want to move fast.

It’s something we’ve been wanting to get into for years, just have never had the capital to start it up

Do you already have a location in mind

 

[racernhra]

I’m mostly excited about being able to go through peoples shit that don’t pay the lease. Treasure hunting

That excitement soon fades when you realize it’s a unit that someone has left full of junk that you have to haul off. You’ll definitely find dildos and sex toys.

I have a couple people that I can call to haul it off and empty it out. I just want to get it rented back out.

 

[shiv]

That excitement soon fades when you realize it’s a unit that someone has left full of junk that you have to haul off. You’ll definitely find dildos and sex toys.

I have a couple people that I can call to haul it off and empty it out. I just want to get it rented back out.

Is this a side gig for you or is it your main job?

 

[shiv]

Do you already have a location in mind

Roughly. We know which town we want to build in. Its a growing area on the edge of Huntsville and there are virtually no storage units out there. We’ve got a piece of property we are very interested in so we will see if it works out

 

[racernhra]

Is this a side gig for you or is it your main job?

Side job. I would need a lot more units and right now I’m landlocked.

 

[racernhra]

Roughly. We know which town we want to build in. Its a growing area on the edge of Huntsville and there are virtually no storage units out there. We’ve got a piece of property we are very interested in so we will see if it works out

Make sure to check zoning! It’s crazy how it varies from town to town.

 

[imprimis]

I know several people who own them. They laugh all the way to the bank. Don't know about the finances to operate them but they take in much more. You can also sell boxes, rent trucks, etc. for extra income...and advertising if you have a digital sign.

 

[shiv]

Make sure to check zoning! It’s crazy how it varies from town to town.

Yep we are staying on top of that. It’s in the county and not the city so the laws are much more lax

 

[racernhra]

Yep we are staying on top of that. It’s in the county and not the city so the laws are much more lax

Yes sir! On the right track!