Self Storage Income 255. The Truth About Owning a Self Storage Facility…
Owning a storage facility is not for the faint of heart. Yeah, you’ve got the everyday headaches of late payments, locked-out customers, and the occasional pest problem, but that’s NOT what we’re talking about today. Conner is flying solo on today’s show to share some real footage of what’s (only recently) gone wrong at our facilities. And if you’re looking for your first self storage investment, you CAN’T miss this.
What happens when someone is living in a unit? Or, even better, what happens when they burn down your units while they’re living there? How about a trash pickup truck smashing through your front gate? Trailer theft? Tenant-on-tenant vehicular damage? We’ve got it all in today’s show and have the photos and videos to prove it!
Want to know what it’s REALLY like owning a storage facility? Then don’t miss this episode. Plus, if you’re a storage operator who wants to see how the biggest and best facilities take care of huge headaches like these, stick around for Connor’s tips toward the end!
What you’ll learn in today’s show:
- What owning a self storage facility is really like (and all the problems we deal with!)
- Why you should ALWAYS tell your trash pickup service to WAIT for the gate to open
- What to do when a tenant who’s (illegally) living in your facility burns their unit down
- Why you NEED security cameras set up throughout your facility from the start
- Inspecting your units regularly and how this can save you massive amounts of time and headache
- The systems and processes to put in place NOW so you can deal with these incidents
- Why it’s all worth it, and self-storage is still one of the BEST assets to invest in!
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