You’ve seen Self Storage facilities around the suburbs and you can see 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 take a long time to eventuate. While there are a number of 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? Increasingly, suitable sights for Self Storage are getting harder to find.
Understanding the development, construction and management of a Self Storage facility is a medium- to long-term investment should be your priority – there is no quick get in a get out choices.
If you’re looking for immediate investment return, seek out publicly available Self Storage investments. These deliver an immediate and liquid return.
The development of a new Self Storage facility is time-consuming. Once the land is purchased, development consent to build is required. Here’s where the first mistake usually happens.
Use a Self Storage building and development expert
Steel Storage Australia have built more than any other Self Storage company here in Australia. From humble single-storey ground-level sites to five-storey climate-controlled sites in CBD locations, they’re our leading experts when it comes to design and construction.
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 key goal for any new operator, and SiteLink Web Edition is the tool of choice for new players.RapidStor leads the way with online contactless move-ins.
Self Storage development is a multi-disciplined business and the rewards are varied, depending on your investment. Banks will lend to established, sophisticated investors that have a good financial history and demonstrate feasibility for the develepment.
Follow your journey as you develop Self Storage at www.selfstoragestartup.com.au.