9/17/2020
The Pros and Cons of Investing in Self-Storage | Stuart Simonsen | Investing in Self-Storage
a The Pros and Cons of Investing in SelfStorage by stuartsimonsen | Sep 17, 2020 | Blog, Investing In Self-Storage, Self-Storage, Stuart Simonsen
The real estate market is divided into asset and property classes. Contrary to popular belief, these are completely unrelated labels. Property classes are letter-grade designations that can be applied to any type of building, regardless of its use. Real estate asset classes, on the other hand, are properties that are divided into either residential or commercial types. Self-storage facilities are considered to be commercial property. The purpose of selfstorage is to rent space to tenants for their belongings. This is like a hotel, but for inanimate objects. Rental payments can be requested either on a month-to-month or longterm contractual basis. Spaces can vary widely in size, going from lockers to containers, to rooms, to outdoor space to store RVs and boats. People who are looking for investment
https://stuartsimonsen.net/the-pros-and-cons-of-investing-in-self-storage/
1/3