A Place For Our Stuff
Self Storage Units – a good interim use of real estate, are amazingly resilient under most economic conditions. As we become more affluent, and keep buying more stuff, and receiving more stuff from others as gifts, etc… and as George Carlin tells us…we need a place for our stuff…storage units come in nicely.
Either renting them or owning them seems to be a good deal. Maybe someone could send me a sample operating statement for a rental storage unit.
These sort of mini-warehouses are popping up everywhere, and there are four publicly traded self-storage stocks that do quite well…one of them based here in Salt Lake City -- Extra Space Storage, with a market capitalization of about $1.1. billion. The others; Public Storage, and U-Store-It Trust, and did a combined 24% in returns this year, which outperforms all other real-estate investment trust groups.
Mercy.
Where do I sign up?
Send me a photo of your sexy storage unit. Here’s mine ;-))
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Check out Class Star for three hours of Core Course CE credits.
There’s a great class on the REPC, and next month a new Ethics for Real Estate Professionals will be online and keeping you out of trouble. These classes have a professional speaker in a classroom setting, and are not read-the-text-frame types of classes.
Class Star talks to you.
See you again.
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from The Porch…
1 comment:
Very interesting. I never would have considered a storage unit/units as a real investment. I see that I may have overlooked this small but lucrative investment.
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