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Updated 3 months ago on . Most recent reply

Henry Clark's profile image
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Henry Clark

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Henry Clark
Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
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Commercial Real Estate Investing

Self Storage- 2% rule????!!!!

Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Posted

Keep hearing about the 1% rule in housing which we don’t do.  But we just completed a 2nd phase at one of our locations and it hits the 2% rule.   I made that up.

We rent for $65.   All in cost on this second phase addition is around $3,200 to $3,400.  The second phase of drive up storage is always the highest profit and least risk.  

  • Henry Clark
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