Many real estate investors are touting the benefits of investing in self-storage facilities because of the lower construction cost, high demand for these properties, and opportunities to increase rent for month-to-month tenants. It also helps that these facilities are not limited by restrictions related to fair housing and rental rate restrictions. However, there can still be bumps in the road that make the investment in one self-storage facility less profitable than another.
When you want to see a larger return on your investment and as little risk as possible, it only makes sense to turn to the experts at Legacy Built. For over 40 years, they have never had a self-storage facility project fail to meet their expected return. The secret to this almost unreal success is that the company is both the developer and operator of the facility, giving it the edge over other firms that just build, sell, purchase, and operate self-storage facilities.
What Sets Legacy Built Facilities Apart From The Rest?
Two primary aspects of a Legacy-Built self-storage facility will impact the project’s profitability. The first is the construction cost. Focusing on building self-storage facilities streamlines the construction process, hires only the best contractors, and fully understands what is needed and not needed in the facility.
In addition, because the company operated the self-storage facility after its completion, there is an added focus on building for future success. These structures are designed and built to provide customers with the highest level of climate control to ensure customer satisfaction, long-term rentals, and a great reputation in the self-storage industry. The use of quality materials, the latest technology, and durable, weatherproof components ensures the Legacy Built self-storage facilities will be cost-effective to operate for decades to come.
That brings us to the second critical aspect of the Legacy Built self-storage facilities. They are the most cost-effective facilities to operate. Quality construction means no repairs or issues for years, which eliminates the cost of repairs and the labor to undertake them. The latest in technology means energy efficiency in areas like lighting, which is motion sensor activated to reduce the cost of lighting and the added heat created by constant use of light fixtures. Automated gate access also allows these facilities to operate without the need for full-time staff and security personnel, which is very costly.
Are You Ready To Enjoy A Greater Return Than Expected?
There is always the risk that an investment will underperform. However, when you partner with Legacy Built, it is far more likely that you will see our projected outperform expectations because of our added edge as the developer and operator of these highly successful facilities. We plan for the future operation of our self-storage projects during construction to ensure they deliver during operation. We used tried and true methods to continue our success.
For example, the labor cost alone for a single self-storage facility constantly staffed reaches six figures annually. However, in the case of the Legacy Built facilities, a single person can oversee multiple storage facilities, saving hundreds of thousands of dollars in operating costs each year. That translates to added profit and return for investors who are always pleased to see that the promises made by the staff at Legacy Built are never unfulfilled. However, many are exceeded. Please reach out to our team today to learn more about the Legacy Built processes that continue to deliver exceptional returns for our investors.