Can anybody tell me the pro's and con's of putting up and owning some self -storage units?

I'm wondering if this would be a profitable investment. I'm under the assumption they can make pretty good money. If no, then what would in your opinion?

Very expensive investment, very cheap maintenance and overhead.

Once you get into the business, if you do it right, almost all your rents are free of expenses. All you have to do is make your site big enough to be worth the construction.

You can hedge your investment in advance by making sure damage to the property, liabilities for people living in the properties and security aren't issues.

Thank you! Very helpful insights! Im sure this will curve the liability for me! Best of luck! Report It

Tags

　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money 　　Low Risk Investment 　　Long Term Investment

Related information

High interest secure investments.?

Actually I think ING Direct has one of the highest secure investment interest rates. So you're already in one. Most investments from major banks pay out the usual 3%. However, if you want some...

Life insurance? high interest investments?

Q: How do you make money off of life insurance? A: You don't make any money off of life insurance. Your beneficiary will make money if you die. Now, if your life insurance has cash value in i...

Is it possible to take out a loan using my car as collateral?

Only if your car has been paid off

...

Iraqi Dinar?

Take a look at your risk for the possible reward. A small investment could net huge returns, but you have to understand Iraq is not going to be close to its prewar oil standards for another two to ...

Has anyone ever sold their home FSBO (For Sale By Owner) when they live elsewhere?

If you are trying to save money by selling it FSBO, have you tried a company like Assist-2-Sell? They are a full service real estate company the only difference is that you don't have all the ...

I'm taking my pension as a lump sum in 05/08 $63,000 is it possible to use this as collateral?

Depending on the terms and stability of the pension, you may be able to pledge it as collateral. But, they will probably not give you full value because if they have to cash it in, they will not g...

Good stock investments? best suggestion for someone starting small?

First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of ...

How to buy a home below market value?

Find a kick-*** building inspector civil engineer studied in the very fine art of spotting both latent (obvious) and patent (hidden, sometimes on purpose) defects, then make your offer conditional ...