By Drew Case
Storage Authority Franchise
There are numerous people you can talk to that either know for a fact or believe self-storage is a great investment. It has been and continues to be a solid investment. There are very few, if any, sad or depressed self storage owners. Many of these owners are never known, on vacation or busy golfing. They have hobbies or find creative ways to spend their time, because it isn't spent on stressful deadlines, meetings that lead to overloads of anxiety or the dealing with the ongoing turnover of employees that can be so frustrating.
Determine how your facility is going to be operated and maintain the facility properly and you are most likely going to be in the "safe zone". Of course, with a little more knowledge, aggressiveness and fine tuning, you can really maximize your profits.
Reason 1:
Unsure of themselves and that they will be successful. They don't know enough about the business. Lack of confidence or knowledge to move forward with a substantial cost of investment. With some time spent self-learning or partnering with some experts about how to get things going, they would see the light and walk towards it. Unfortunately, too many won't even walk the path, due to their own insecurities.
Reason 2:
Costs of metal is too high and the land has just been so costly lately. Guess what, nobody is making more land. Growth areas will fetch more money for land, but you need to be creative and resourceful about how you search for your site. The perfect site doesn't always jump out at you and its not always going to be a broker/agent that brings it to you. You can find a great deal on your own, you just need to know how to search for it. Plus, the cost of metal will always be "the cost of metal". You cannot control the cost and need to look past that to move forward. Everybody else building right now is facing the exact same scenario. The question is, when will you start building?
Reason 3:
It just not the right time. Interest rates are too high. These people will miss the next bubble in rent up. Interest rates have slowed people from relocating. When the rates drop, people will be on the move again and the existing storage owners that are just completing their new self-storage facilities will be welcoming the new customers. However, some will still be pondering the idea of building. These people will be late to the party or simply not coming to enjoy the party at all.
Self-storage remains an outstanding investment. Don't discourage yourself from doing something that has been proven to succeed when you have the capabilities to do it. Partner with some experts if you are wanting to enter the self-storage world if you are doubting your self. he opportunity is there today and it will be tomorrow. Make that step!!
Storage Authority's guidance in self-storage development underscores the intricate balance between meeting storage demands and environmental sustainability. By aligning with Storage Authority's principles and leveraging our team's expertise, along with your engineer, architect, and general contractor we can navigate the complexities of impervious coverage with confidence, ensuring the creation of self-storage facilities that are both economically viable and environmentally responsible.
Storage Authority Franchising is all about owning your own local self-storage business, supported by professional systems and expertise. We like to say, "You're in business for yourself but not by yourself." If self-storage is on your mind, don't hesitate to reach out to Drew Case at Direct: 513-582-0125 or Drew@StorageAuthority.com to learn more about the Storage Authority Franchise opportunity. Your self-storage journey awaits!
If you would like to learn more and start your journey to self-storage ownership click the link here:
Your success story begins with Storage Authority!
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