Working with the Legacy Built team, you have the advantage of decades of experience and expertise in the development and operation of self-storage facilities. As with any investment project, the planning and initiation are critical for the result all investors want: passive income. A few projects offer immense potential for passive income, such as a Legacy Built self-storage facility.
Mindful Construction
When the team at Legacy Built designs a self-storage facility, they are focused on the initial investment in the construction to ensure the facility is built within budget. But there is a secondary focus that is equally vital. The facility needs to ensure a low operating cost and minimal attention once functioning. Keeping the staff headcount very limited and relying on automation and technology to do the work involved in signing up tenants, billing, and routine communication are all essential.
Harnessing The Power Of Technology
Building state-of-the-art self-storage facilities means the energy demands of the facility are reduced thanks to tools like motion sensors that turn on lights when there is a tenant in the area and turn them off when the space is not occupied by a person. This simple piece of tech can eliminate the electricity consumed during the hours the facility is open to tenants significantly, as well as any heat generated by the commercial lighting that will increase the cost of maintaining a constant temperature in the hot climate of Arizona.
Having a quality website with credit card processing and billing capability eliminates the accounting challenges and a full time employee who is on payroll as long as the facility is in operation. Instead, the system is purchased, rolled out, and upgraded maybe once a year to ensure peak function. You pay for the software and hardware once and minimal maintenance fees to have 24/7 online service available to tenants and potential tenants.
Gone are the days of needing on-site security and management staff and the cost of the wasted space for their housing and office. Today’s self-storage facilities use cameras and 24/7 monitoring to handle this process for a fraction of the price and better security coverage than could ever be provided by a single person. Again, you pay once and use the service for the lifetime of your facility ownership.
Establish Success And Value
As the developer, builder, and operator of the self-storage facility, Legacy Built will maintain the property for as long as 5 to 7 years to establish its value, enjoy the passive income of monthly rentals, and then sell the facility for a target of a 3x or more return. As the investor, you have nothing to do but watch and be impressed as Legacy Built staff continue to practice this refined business model and deliver returns that can be as much as 5x or 6x the initial investment.
No Effort Required
Many investment companies and so-called experts will try to sell investors on what they call passive income. However, there is always a certain level of work involved, even if it is only for the first six months or years of the project. Most, if not all, of the claims of true passive income turn out to be scams. However, after the proper design, construction, and management of a Legacy Built self-storage facility, the rental income continues to roll in with no effort required. Please reach out to the staff today to explore this option for an investment that will far exceed all of your expectations.