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re: Why are self storage facilities popping up all over?
Posted on 2/5/18 at 1:40 pm to Jor Jor The Dinosaur
Posted on 2/5/18 at 1:40 pm to Jor Jor The Dinosaur
quote:
You can charge close to the same rent as an apartment while only having to provide a lightbulb and HVAC
God damn, how much does one of those cost per month??
1
Posted on 2/5/18 at 1:42 pm to weagle99
Mailbox money. AKA low overhead continous income. They have a high occupancy percentage as well.
Posted on 2/5/18 at 1:42 pm to TigerNlc
quote:
They must make a lot of money, they are even popping up on prime real estate.
Plus the upkeep is pretty much zero.
Posted on 2/5/18 at 1:43 pm to Box Geauxrilla
quote:
God damn, how much does one of those cost per month??
I had one for a while (off of Sherwood and I-12) in order to really declutter my condo while I was selling it. It was about $100/month for about 10'x10'. So, on a cost/s.f. basis it might be in the ballpark to an apartment.
Posted on 2/5/18 at 1:43 pm to weagle99
It pissed me off when the one on Millerville took over the rest of the strip mall after the flood. RIP Big Heads 
Posted on 2/5/18 at 1:44 pm to weagle99
Lots of people choosing apartments over houses and new houses with small garages, little storage areas are likely the cause.
Posted on 2/5/18 at 1:44 pm to weagle99
It's the next big wave in the Baton Rouge market for sure. This follows other Baton Rouge traditions like building 50+ brick and mortar banks after 2010, making sure no one has to drive more than 1/2 mile to reach a Smoothie King, and having the highest per capita number of Persian rug galleries this side of the Mississippi.
I see 3 Cube Smart signs on the way to work and now a Storage Max sign just popped up (on land I wish would have turned into a brew pub - so not happy about that).
I see 3 Cube Smart signs on the way to work and now a Storage Max sign just popped up (on land I wish would have turned into a brew pub - so not happy about that).
Posted on 2/5/18 at 1:50 pm to weagle99
Owning one of those has the be the sweetest deal ever. It basically free money
Posted on 2/5/18 at 1:54 pm to Pelican fan99
What does the insurance on these things costs per month?
Posted on 2/5/18 at 1:55 pm to LSUBoo
quote:
I had one for a while (off of Sherwood and I-12) in order to really declutter my condo while I was selling it. It was about $100/month for about 10'x10'. So, on a cost/s.f. basis it might be in the ballpark to an apartment.
That's a dollar/square foot. Rent in BR is $1.50 or more a square foot, and the rent of storage untits aren't proportional as you get up in size anyway.
Posted on 2/5/18 at 1:55 pm to weagle99
Most of the folks in Louisiana need a place to store their stuff while their house is being sold and moving to Texas.
Posted on 2/5/18 at 1:57 pm to Chad504boy
quote:
people are dumb. they pay to store stuff that costs more money than the value of shite stored.
this ^^^^^
my niece worked at one and they were $60, $80, and $120 lockers and that is each month.
its absolutely insane
but .... a friend i have in Florida has a HOA that charges people $150 a month to keeps boats or trailers in the yard. so in a case like that i can see its cheaper to put it in a $100 storage locker
Posted on 2/5/18 at 1:58 pm to weagle99
this is for the trashy people who already can't use their 2 car garages because they've filled it with shite.
Posted on 2/5/18 at 2:00 pm to Chad504boy
quote:
people are dumb. they pay to store stuff that costs more money than the value of shite stored.
Truth.
Posted on 2/5/18 at 2:02 pm to weagle99
They are fairly low overhead.
A few of them near me. One of them is really nice with elevators and what not...geared towards homeowners. Another one has covered boat and RV storage.
A few of them near me. One of them is really nice with elevators and what not...geared towards homeowners. Another one has covered boat and RV storage.
This post was edited on 2/5/18 at 2:03 pm
Posted on 2/5/18 at 2:40 pm to keakar
quote:
i have in Florida has a HOA that charges people $150 a month to keeps boats or trailers in the yard.
frick. that.
Please charge me to store things in my home. HOA association is basically saying "we don't want our neighborhood to look trashy... unless you pay us to"
Posted on 2/5/18 at 2:42 pm to Box Geauxrilla
People and Businesses need storage units when times are tough and they downsize. People and Businesses need storage units when times are good and they need to expand.
Posted on 2/5/18 at 3:30 pm to TheCaterpillar
quote:
Its a way to earn passive income while sitting on investment land that you can sell at a premium years down the road.
Every person that I know that owns them did it strictly as a way to hold and pay for the land, if they just break even it accomplishes their goal.
Posted on 2/5/18 at 3:32 pm to weagle99
quote:
Boomers going into homes?
Around me, 2-3 storage units open up for every senior living area and they are everywhere
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