Self Storage Millionaire

On a  recent trip to Mexico we had noticed a new addition- self storage.  At first thought I was surprised to see self storage facilities in Mexico.  If you think about it many Mexican families don’t collect toys like we do in the U.S.  nor do they have the disposable income to pay for storage.  So who is using these facilites and how is their occupancy?  Well with a little research we found that it is Americans who have not only filled up units in the U.S. but are now filling them up in other countries as well.  Many vacation properties in Mexico are condos with little to no storage space for water toys, boats and even additional cars to use while on vacation.  The rents are similar to those in the U.S. and their occupancy rates were high.  Even though there are still plenty of good markets in the U.S. there are many foreign markets that are virtually untouched.