Self-storage business
- Thread starter Hoosier
- Start date
polarisrider1
New member
location, location, location.
I have a bud a masonry contractor who built some when his guys were slow between jobs etc and sold them as storage condos.
he holds control of management and still collects association dues.
so cost was covered with sale of 1/3 rest was gravy including the 2 largest units for him self and now income for life to top it all off.
he holds control of management and still collects association dues.
so cost was covered with sale of 1/3 rest was gravy including the 2 largest units for him self and now income for life to top it all off.
onlypolar4me
Member
My aunt and uncle built some, their favorite saying was, PEOPLE LOVE THEIR JUNK!!
The new thing I hear about, Build some deluxe units, sell out as condos.
They have access to water, sewer, but are sold empty.
And let them build them out as man caves, plumbing, heat and all.
Seems ridiculous, hiding & playing in a storage facility with all your toys behind a garage door. Looked like they were selling for big bucks though.
Right outside the $$$ development where they aren't allowed to do anything.
All no permits, they are ignoring it all, just like they do at airplane hangers.
They have access to water, sewer, but are sold empty.
And let them build them out as man caves, plumbing, heat and all.
Seems ridiculous, hiding & playing in a storage facility with all your toys behind a garage door. Looked like they were selling for big bucks though.
Right outside the $$$ development where they aren't allowed to do anything.
All no permits, they are ignoring it all, just like they do at airplane hangers.
some of the high end ones in the western burbs are over 100k. but U are playing with the big boys http://automotorplex.com/
fun to go to some of there car shows and see some unreal cars . I have a bud who keeps a man cave at the linked place . deff the place to show your feathers off
polarisrider1
New member
In Grand Haven Mi. They have boat storage condos. Usually 4 guys go in on one. They run $200,000 up to $1.2 million. Totally decked out man caves. Full security systems, armed guard. Kitchen, beer on tap, full bathrooms. The works. (My boat is in one right now).
polarisrider1
New member
I found that running my business out of 3 storage units around the city works way better then a central warehouse like in the past. Easy in/easy out access with security Is in demand in my area. We run inventory electronically to a Central office run by my wife. She directs us which way to turn when we leave a job. Let someone else build the storage units then negotiate long term Leases at highly discounted rates. Save thousands and have "satellite" warehouses. Do not store junk in them or your peeing money away.
polarisrider1
New member
As far as building and running such business.....location and need in area is crucial.
Dsbasecamp
New member
Gutted mine ... Now 2 ..3 bedroom - 2 bath - 10 bed condos
garyl62
Active member
and a fine place they have become!
The great part.... nobody complains to sleep next to my harley and quad during the winter months!
Scootiking out
Scootiking out
garyl62
Active member
So how do they work the utilities? Each unit alone, central meter with subs, or just a house? If I was an owner, my concern would be guys dumping fluids down the crapper, some idiot doing something stupid with a welder, or a lot of other things. I could see this being able to get bigger if there was a way to make it a cross between the high end condo, and the typical 10x20 cheap storage unit.