Buying a Self Storage Facility

Whether it is your first or your fifth self storage facility, it can always be beneficial to learn more about the self storage investing industry by reading new material and learning from experts. There are several instances where a real estate investor can learn more about the self storage facility industry.

Seminars

There are several seminars around the country hosted by self storage experts like Scott Meyers from Self Storage Investing, which teaches both basic classes and advanced seminar class for beginners and people already in the industry.

Webinars

If you don't want to travel to a seminar or conference, webinars can be a good alternative or addition to self storage seminars. In addition, webinars can usually be accessed on demand (at anytime) after being shown live, which makes them a great resource to come back to. It's also easier to take notes while watching and participating in a webinar.

Guidebooks and E-books

Many people learn by reading, so self storage guidebooks and e-books can be a great resource. They are easy to refer back to at anytime and significant passages can be highlighted to be referenced back to at any time.

Have you used any self storage seminars, webinars, or guidebooks to learn more about the self storage industry?

What Treasures Can You Find at a Self Storage Auction?

Self storage auctions have grown in popularity recently, mostly because of reality tv shows like Storage Wars and Auction Hunters. These television shows offer big profits on small investments of the auction bet.

While auctions don't always yield such profitable finds, it is possible to make extra income buy buying and selling storage locker auction merchandise.

Many of the treasures that come from auctioned off lockers are from units that have been rented for many years, from 10-30 years or more. Oftentimes, these will have older, antique items that could be worth quite a profit.

However, some newly rented storage lockers can also yield a profit, especially if they were owned by an inventor, collector, or they contain family heirlooms.

To get a good idea if a storage unit for auction has valuable merchandise inside, bring a flashlight and look for hidden treasures that others may not have seen. Safes can also be a good sign that the unit has something valuable. Finally, if a unit is clean and the items are organized and stored properly, they may yield expensive items, because the owner took the time to make sure their storage unit was neat, organized, and clean.

This post was sponsored by Auction Hunters, a website owned by Self Storage Investing.