Self Storage Business – How we got our start
How we got our start in the self storage business.
We didn’t know anything about starting a self storage business when we got started. We had backgrounds in business and construction. A family member pointed out a piece of property that may work well for self storage.
It was a trailer house on a little over two acres.
- Highway Frontage
- No Zoning
- Decent Access
What are the things we needed to do before we decided to purchase?
- Financial Analysis: Does it make financial sense?
- Competitor Analysis: Is there room here for more self storage?
- Financing: Where can we find a loan?
Once all that was worked out, we were able to move forward and close on the property.