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What are the profit margins on STORAGE FACILITIES?
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Date: June 1st, 2012 4:15 AM Author: Cerebral Love Of Her Life I pay ~$60/mo for 5x10' space in flyover country. Real estate is DIRT CHEAP and the place I go must have 500 units. That's $30,000 a MONTH. What's the overhead?
-Rent (dirt cheap real estate) -2 full time employees to handle maintenance/problems at $13-20 an hour -Initial overhead of building units (cheap ITE due to construction market getting shattered) -Insurance (but I signed a formed when i signed up voiding the owner of liability for my stuff) -Lights/Electricity -Security Cameras -Small fee for Google/Paypal online payment systems -Small fee for webhosting purchase
What am I missing? There seems to be HUGGE margins here. No??? |
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Date: June 1st, 2012 4:17 AM Author: Thriller public bath how big is the concrete footprint of the actual storage facility (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804349) |
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Date: June 1st, 2012 4:17 AM Author: Pearl range idiot You're missing the fat $$$ from auctions on abandoned units. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804351) |
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Date: June 1st, 2012 4:18 AM Author: Tan Legal Warrant Piazza (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804353) |
Date: June 1st, 2012 4:16 AM Author: vibrant nibblets razor thin breh. razor. thin. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804347) |
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Date: June 1st, 2012 4:22 AM Author: Cerebral Love Of Her Life explain? (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804365) |
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Date: June 1st, 2012 4:23 AM Author: Pearl range idiot People don't really have expensive shit worth storing for $60/mo. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804368) |
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Date: June 1st, 2012 4:25 AM Author: Thriller public bath :D and other houston posters: explain to us what's up there. as far ask i know there must be gigantic storage facilities there.
edit: in the woodlands and shit |
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Date: June 1st, 2012 4:28 AM Author: Pearl range idiot Yea there are. I dunno what people have in them. Total shit mostly. They should just throw it away. People get by in NYC with much less space and much higher income. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804381) |
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Date: June 1st, 2012 4:29 AM Author: Hateful hairraiser juggernaut lolwut (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804382) |
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Date: June 1st, 2012 4:30 AM Author: Pearl range idiot You heard me. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804385) |
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Date: June 1st, 2012 4:31 AM Author: Thriller public bath dunno. don't live nyc. i've been there though and they have incomprehensibly sized retail storage though (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804388) |
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Date: June 1st, 2012 4:27 AM Author: vibrant nibblets your missing a few costs breh, like advertising, promo offers (1 month-free storage), chargebacks, a state-of-the-art alarm system, night-time security patrol, cleaning service. also is there any demand for storage in this area? plus i feel like storage places are typically circulating with bums and shady mofos. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804375) |
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Date: June 1st, 2012 4:29 AM Author: Thriller public bath this man is on to something. if you've ever heard of a reit. look up something called a storage reit. this is bigger business than we think (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804383) |
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Date: June 1st, 2012 4:30 AM Author: Hateful hairraiser juggernaut O.O (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804384) |
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Date: June 1st, 2012 4:32 AM Author: Cerebral Love Of Her Life I'm talking about the self storage business. And according to REIT.com, "the self storage sector generated total returns of 29.83 percent last year, while the FTSE NAREIT All Equity REIT Total Returns Index was up 11.29 percent."
-May 30, 2012
http://seekingalpha.com/article/624361-public-storage-profiting-from-too-much-stuff
!! |
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Date: June 1st, 2012 4:33 AM Author: Thriller public bath stay away (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804392) |
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Date: June 1st, 2012 4:34 AM Author: Thriller public bath FTSE NAREIT All Equity REIT Total Returns Index
wtf is that even. it's good, solid stuff. but idk about that |
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Date: June 1st, 2012 4:36 AM Author: Cerebral Love Of Her Life I may be way off bro, but just from my personal experience I think someone with the IQ of the average biglawyer could make serious coin being competitive by opening up a storage facility biz. justdobigpublicstoragebro.jpg (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804397) |
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Date: June 1st, 2012 4:38 AM Author: Thriller public bath no yes yes. yes man. storage reits are the gateway to mutual funds (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804401) |
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Date: June 1st, 2012 4:40 AM Author: Thriller public bath you can own your own! just come on down! radek bonk, this night, this minute only! offering free consultation. offer expired! (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804402) |
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Date: June 1st, 2012 4:43 AM Author: Flesh Abode Factory Reset Button During the real estate boom, there were several storage condo projects that opened in the Phoenix area. (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804407) |
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Date: June 1st, 2012 4:48 AM Author: Thriller public bath we sell in phx (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20804412) |
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Date: June 1st, 2012 12:04 PM Author: Cerebral Love Of Her Life (http://www.autoadmit.com/thread.php?thread_id=1961128&forum_id=2#20805583) |
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Date: June 1st, 2012 12:13 PM Author: useless drunken orchestra pit lol. storage is a way to speculate on land. say you have a lot. you build a cheap metallic building and people store shit. as long as it pays your property taxes with a small return you're good. then in 20 years the land has gone up in value and you sell it or lease it to a developer/tenant if the surrounding area has changed.
this is why storage is usually on large distant/suburban lots. there's not enough demand to lease out the land or do some other kind of development. a couple decades down the line the surrounding area has blown up and suddenly you can sell the land to a jew trying to build a shopping mall or apartments there.
if storage activity itself was actually profitable, nobody would build a mall, highrise, or office building in cities |