Benefits Of Self Storage Investment

Today, convenience is the key to people’s satisfaction. People want to do things fast and easy. A cluttered and disorganized area can make processes slow. That is why people came up with the idea of self storage. With self storage, business owners and residents are able to organize their possessions and store unnecessary things to self storage facilities.

Many companies today are investing in this kind of industry because they see the growing need for space and storage just like Extra Space Storage. According to forbes.com, The company has a market cap of $3.6 billion and is currently the second largest owner and operator of self-storage properties in the U.S.

Self storage investment has several benefits. For one, it allows investors to get started with little or no capital. A small business owner can start with a small facility then as the business grows, purchase a bigger facility. Two, investing in this kind of business is that it is not affected by recession. All the more, when recession hits, people are looking for a place to store their extra belongings. In other words, there is a higher need for storage during economic depression. Lastly, this type of business is not labor intensive. Most of the work is carried out by one employee or with the use technology. Thus, self storage business provides higher investment returns with little or no risks.

Self storage is now a growing type of business , read more about how it became an expanding business in present time.