Buying a storage facility? Make sure you spot any of these 12 self storage investing red flags. If you’re able to avoid them successfully, you could be buying a killer next investment, with high occupancy, high rates, and steady cash flow. After investing in dozens of self storage facilities, with millions of rentable square feet, we’ve nailed down the 12 deadly self storage red flags that can prevent a facility from taking off.
There are two types of red flags: the ones you can fix, and the ones you can’t. The fixable ones might mean you have a serious opportunity within your market, and you can flip that red flag to a green one. The unfixable red flags…that’s another story. Don’t worry, we’re going to spell out each so you know which red flags to run from, and which could make you money.
We’re talking about red flags like: declining populations, too much supply, high vacancy, weak local economics, poor visibility (online and on the street!), and more. Do you think you know which you can fix? Think again, we’re giving you the exact list of self storage red flags.
What you’ll learn in today’s show:
- The 12 self storage investing red flags every investor should be aware of
- Is a declining population always a bad thing for storage?
- How to stop your competitors from building near you and boosting supply
- The “secret” way to find out how occupied other facilities are in the area
- How much should your self storage customers make? We’ll share the perfect income range
- Which red flags can be flipped to green flags so you can profit!
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