Getting Started in Self Storage. What tech do I need?
You’ve seen those Self Storage facilities around the suburbs, and all those sheds are full of customers’ goods. You might have even watched Storage Wars on TV! Seeing all that potential has made you interested in getting started in Self Storage.
Now it’s your turn. So How do you get started in Self Storage?
Research is the key. Self Storage is a capital-intensive real estate activity, and investment returns can take a long to eventuate. While there are several barriers to entry, like any other business, they can generally be overcome.
Land or buildings are the obvious starting point when you’re getting started in Self Storage. But are they the best place to start? Suitable sites for Self Storage are increasingly getting harder to find, especially those close to major Australian cities.
Understanding that the development, construction and management of a Self Storage facility is a medium to long-term investment should be your priority – there are no quick “get in and get out” choices!
If you’re looking for immediate investment return, seek out publicly available Self Storage investments. These can deliver regular returns and the potential for growth.
The development of a new Self Storage facility is time-consuming. There are specialist Self Storage builders that can assist you in the design of your site.
Manned or Unmanned?
With the recent pandemic, the focus of the Self Storage industry was one of keeping the doors open and providing access to new and existing customers. Many found ways of running an ‘Unmanned” site. Cost saving and customer convenience are critical aspects of unmanned sites. There are pros and cons. Accessing rentals online was a key consideration for sites and consumers.
Once your design is set and your building commences, it’s time to turn to the Self Storage marketing experts.
R6 Digital™ have designed more marketing strategies and websites for Self Storage facilities than any other, delivering business from the very first day. From professional videos to images, Google AdWords to artwork, and all advertising material in between, the team at R6 Digital™ can help.
Every new site needs operating software. SiteLink Web Edition is the leading product for day-to-day invoicing and admin of Self Storage spaces. Revenue management is a crucial goal for any new operator, and SiteLink Web Edition is the tool of choice for new players.RapidStor contactless move-ins lead the way with online end-to-end solutions, including the recently released StorApp – The first complete online tool to manage payments, access, and accounts online
Self Storage Development is a multi-disciplined business with varied rewards depending on your investment. Banks will lend to established, sophisticated investors with an excellent financial history and can demonstrate feasibility for the development.
Follow your journey as you develop Self Storage at www.selfstoragestartup.com.au.
