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Looking at building some self storage units, who’s done it and what advice would you offe?
Posted on 3/31/18 at 1:15 pm
Posted on 3/31/18 at 1:15 pm
Climate controlled vs non
ratio of small vs larger units?
ratio of small vs larger units?
Posted on 3/31/18 at 4:42 pm to Old Sarge
Climate will have better customers less defaults
Larger units stay longer than smaller do 80/20 mix
Look for high traffic and population area
Apartment and small homes are good for business
Larger units stay longer than smaller do 80/20 mix
Look for high traffic and population area
Apartment and small homes are good for business
Posted on 4/1/18 at 8:59 am to tigersmanager
First to market around Burbank/Ben Hur/Lee is going to make a KILLING. It’s gotta be one of the most newly densely populated areas in BR. “Apartment City” is what I like to call it.
Posted on 4/3/18 at 12:43 am to Sev09
Learn the market, as in rental rates, occupancy rates, and demographics. SS traditionally does best in boom and busy markets (newlywed or nearly dead, as an old hat who made a ton of money in SS told me.)
I've seen a few indoor climate controlled facilities that have the highest rates and highest occupancy in their markets. These were all old buildings that were retro-fitted with pre-fab metal units.
I've seen a few indoor climate controlled facilities that have the highest rates and highest occupancy in their markets. These were all old buildings that were retro-fitted with pre-fab metal units.
Posted on 4/3/18 at 11:01 am to Old Sarge
As someone who works in marketing: focus on how you're going to generate "leads". high volume area is obvious and previous posters have given good advice in regards to that, but focus on making sure you're marketing to the type of customer you want--the type of customer who doesn't default.
Posted on 4/3/18 at 11:44 am to Old Sarge
It's damned expensive in the immediate DFW area. We have enough Christmas and Halloween stuff that it takes about 540 cubic feet of space to store. Additionally, we take the hard top off the Jeep in summer and that has to be stored as well. We also keep stored the major part of our survival preparations for our family in the event of emergencies, so this takes up a good bit of space, too.
The cost is so high in the immediate area, that we went an hour north of here and have a brand new secure storage of 15Wx30Lx14H for only $95 a month. I connected pulleys to the beams and can drive the Jeep into the storage then lift the hard top up and out of the way. That space near here would go for $265 a month.
The cost is so high in the immediate area, that we went an hour north of here and have a brand new secure storage of 15Wx30Lx14H for only $95 a month. I connected pulleys to the beams and can drive the Jeep into the storage then lift the hard top up and out of the way. That space near here would go for $265 a month.
Posted on 4/3/18 at 12:23 pm to HubbaBubba
quote:
we went an hour north of here and have a brand new secure storage of 15Wx30Lx14H for only $95 a month.
You pay more than $1k a year to store holiday decorations? Wow. Just wow. You could widen attic opening/stairs and put down attic flooring & install shelving for less than a year's storage fees.
Posted on 4/3/18 at 5:23 pm to hungryone
quote:You don't have very good reading comprehension. I use it for lots of stuff that I store, including the Jeep hardtop. I also store the hunting gear when it's off-season, including a trailer and buggy, as well as emergency supplies in case we need to head north out of DFW.
You pay more than $1k a year to store holiday decorations? Wow. Just wow. You could widen attic opening/stairs and put down attic flooring & install shelving for less than a year's storage fees.
But to your point about attic space. Not possible in the way these homes are built and cut-up in the DFW area. There's barely enough room for the water heaters and air-conditioning/furnace systems. As for storage outside, the city I live it will let you put in up to a 12x12 building. Any bigger than that and it has to be constructed to the same standards as the homes. Full beam concrete foundation, brick/stone exterior and roof has to batch along with overhang. It's very restrictive. But to give you an idea about costs, my wife called around when we were looking for a space. Try $62 a month for a simple 5' x 5'.
Posted on 4/3/18 at 9:02 pm to HubbaBubba
quote:
ecure storage of 15Wx30Lx14H for only $95
Wow, that’s under .22 per foot. Mind telling me the name of the place? I might need that kind of a deal for a project up there
And I’m not building anything if those deals exist
I need probably around $1 per foot to make it work financially
Posted on 4/4/18 at 10:38 am to Old Sarge
quote:
Wow, that’s under .22 per foot. Mind telling me the name of the place? I might need that kind of a deal for a project up there
Not here.
And I’m not building anything if those deals exist
I need probably around $1 per foot to make it work financially
You're talking city property values vs. country property values. Apples and Oranges. We are willing to make the drive for several reasons.
A) it gives my wife an I an opportunity to be together and talk and visit on a leisurely trip there and back. Our business life and the kids consume much of our time, so this is good time spent.
B) the cost is much lower.
C) we are, to a degree, preppers. We have items stored at home, at this storage space, and two other small storage places and at our safe space. This place is on our indirect route off the main interstates, so it fits what we wanted.
Posted on 4/4/18 at 1:08 pm to HubbaBubba
The rents when you adjust them out approach high-end retail on a SF basis. There was an excellent thread about them here a few months back it seems.
A friend of mine has several of them throughout the greater BR area and does extremely well. He holds some and has sold them in the past. They're one part of his overall income (construction, commercial space, etc).
He builds them all new and does a ton of economic research into the areas prior to buying.
A friend of mine has several of them throughout the greater BR area and does extremely well. He holds some and has sold them in the past. They're one part of his overall income (construction, commercial space, etc).
He builds them all new and does a ton of economic research into the areas prior to buying.
Posted on 4/4/18 at 10:40 pm to Old Sarge
IDK but our office is next to some storage units. People come in all the time wanting to rent them. (They don't belong to us).
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