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weagle99
Valparaiso Fan
Member since Nov 2011
26324 posts
 Online 

Why are self storage facilities popping up all over?
Obviously there is money in it. Boomers going into homes? Mobile millenials?



Salmon
USA Fan
On the trails
Member since Feb 2008
62556 posts

re: Why are self storage facilities popping up all over?
because people are buying more and more shite and they don't have anywhere to put the shit


Chad504boy
Longwood Fan
Member since Feb 2005
124219 posts

re: Why are self storage facilities popping up all over?
people are dumb. they pay to store stuff that costs more money than the value of shite stored.


O
Columbia Fan
Mandeville
Member since Oct 2011
4358 posts

re: Why are self storage facilities popping up all over?
Buying more shite than you need is the American way.


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291
Big Sway
LSU Fan
Member since Nov 2009
3429 posts

re: Why are self storage facilities popping up all over?
ROI is higher for lower initial investment.


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4532 posts

re: Why are self storage facilities popping up all over?
I don't know man but that's a good point. The things literally show up everywhere. I know one guy who owned a few around BR for decades. He put them in locations that he speculated would one day be business valuable with intent to sell later on. Some of these things now days are multi-story buildings though.


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60
TigerNlc
Tulane Fan
Chocolate City
Member since Jun 2006
23439 posts
 Online 

re: Why are self storage facilities popping up all over?
They must make a lot of money, they are even popping up on prime real estate.


momentoftruth87
Arkansas Fan
IL
Member since Oct 2013
12281 posts
 Online 

re: Why are self storage facilities popping up all over?
Because avg rent on a small unit is $100/mo. Multiply that by total number of units.


Salmon
USA Fan
On the trails
Member since Feb 2008
62556 posts

re: Why are self storage facilities popping up all over?
overhead costs are next to nothing

once your initial investment into the building is paid off, its pretty much straight profit



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240
white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
5091 posts

re: Why are self storage facilities popping up all over?
Well, I can only speak for me. I have a house that is much smaller than what people with my income normally would have. It fits all of my needs and is well within my means. But I do have more stuff than I have room.


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60
OysterPoBoy
LSU Fan
BR
Member since Jul 2013
10810 posts

re: Why are self storage facilities popping up all over?
Those mattress stores need somewhere to store all that cash until they can launder it.


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180
Paul Allen
Notre Dame Fan
Boca Raton, FL
Member since Nov 2007
53766 posts
 Online 

re: Why are self storage facilities popping up all over?
Mobile millennials could be a reason and a lot of people are working remotely these days


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35
Jor Jor The Dinosaur
LSU Fan
Philadelphia, PA
Member since Nov 2014
1088 posts

re: Why are self storage facilities popping up all over?
I am working on building and/or developing a few at the moment. You can charge close to the same rent as an apartment while only having to provide a lightbulb and HVAC, and occupancy rates are through the roof.

People are hoarders and continue to buy and buy.


LaBR4
LSU Fan
Baton Rouge
Member since Sep 2005
32611 posts

re: Why are self storage facilities popping up all over?


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110
TheCaterpillar
LSU Fan
Member since Jan 2004
63920 posts

re: Why are self storage facilities popping up all over?
They're actually a great investment in areas with positive economic and population growth.

Its a way to earn passive income while sitting on investment land that you can sell at a premium years down the road.



LATECHgradLSUfan
Atlanta Falcons Fan
Minden, LA
Member since Sep 2007
2065 posts

re: Why are self storage facilities popping up all over?
low overhead....low risk if they don't pay liquidate their shite....Americans are overindulged and we have to much of everything so we need 3k sq foot houses and then another 1K for the shite we don't use.


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21
TigerDeacon
Wake Forest Fan
West Monroe, LA
Member since Sep 2003
26536 posts

re: Why are self storage facilities popping up all over?
quote:


Why are self storage facilities popping up all over?


Because I got to keep all the cool drawings I made in kindergarten that even my Moms wanted to throw away.


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30
dgnx6
LSU Fan
Baton Rouge
Member since Feb 2006
33777 posts

re: Why are self storage facilities popping up all over?
I want to own one. Seems simple, you might have at Max 3 employees on a given day. Sometimes prob none at all. Plus when people don't pay up, you can sell their stuff like storage wars.


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50
PortHudsonPlaya
LSU Fan
Houston
Member since Jul 2017
1576 posts

re: Why are self storage facilities popping up all over?
Living in Austin and Houston there are more and more condos and high rise apartments popping up than I could ever imagine. These are typically the types that need extra storage so maybe there's a correlation.


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70
pleading the fifth
New Orleans Pelicans Fan
Member since Feb 2006
3278 posts

re: Why are self storage facilities popping up all over?
quote:

pay to store stuff that costs more money than the value of shite stored.


As someone who occasionally buys abandoned storage units at auction, this is the truth.


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