How Is Self Storage Profitable?

Looking for the perfect investment can be a challenge. However, when you encounter a team such as the experts at Legacy Built who have 45 years plus of success stories, and no failed investments, the choice to invest in Tucson, AZ, self-storage facilities becomes very simple. However, no savvy investor grew their wealth by making fast choices without gathering all the data to define a winning investment. So, take a close look at the numbers and a glimpse into the psychology of self-storage to ensure you understand how self-storage facilities are as close to the perfect investment as most people will ever find.

The Demand Is Almost Never Ending

It is amazing to think that over 35% of Americans have a self-storage unit or are getting ready to rent one. But knowing that we are a country that collects, appreciates, and even treasures items that we form an emotional bond with helps you understand why the demand for storage units is on the rise and likely always will be. In addition, many are trying to embrace the concept of less is more or what many call the tiny house crazy. They are tired of caring for 2,500 or 3,500 square feet of living space, so they are downsizing to reduce weekly chores. But they refuse to part with family heirlooms, childhood toys, and items that hold many touching memories. So, they rent a space that will become their life-sized memory box. Add in those relocating or looking for storage from an inheritance, and the need for self-storage continues to climb.

Pick The Right Location For The Best Return On Your Self-Storage Investment

Growing cities are the ideal location for self-storage facilities. Real estate prices are high, and those moving to the city want to keep housing costs low, so they buy or rent small. However, that means they need a storage facility for items they are not ready to eliminate from their lives. High rent also means getting roommates and the need for added storage for furniture or other possessions that no longer fit or are needed in this new living situation. Finally, small garages in the Tucson area mean homeowners need added storage for everything from boats and RVs to water skis, tools, and gear for camping or an excursion to the snow.

Streamline Operating Processes Equal Low Overhead

While a self-storage facility must cover the cost of electricity, water, and other utilities, the demand is a fraction of what is used in most investment properties. New energy-saving devices like motion sensors for lighting and better insulation for added climate control will keep the cost of running a self-storage facility very reasonable. Other tech, such as security and monitoring systems, allow even a large self-storage facility to be operated by a minimal number of staff members. Online booking and payment processing, complete information and rental processes, and FAQ pages on a high-quality website eliminate the need for a staffed office, driving up overhead.

If you are ready to capitalize on the Legacy Built team’s expertise, decades of combined talent, and success, please do not hesitate to contact the office for more information on this tried-and-true investment opportunity.