No matter the size or location of your self storage facility, maintenance and upkeep is an absolute essential cost you will need to cover. This includes standard fixtures like paint, asphalt, landscaping, etc. As a facility owner, you will need to be prepared for the following costs:
What are the Costs of Maintaining Your Self Storage Facility?
Should You Invest in Self Storage Property?
Investing in self storage units was a goldmine a few decades ago. Now that every town on the map has several of these facilities, the market is a little harder to break into. You’ll need to do some serious research to find out if there is room for another.