Is Mini-Storage an RE Investment or Just a Business?

[Mindy Jensen]

I love the concept of a mini-storage facility. It's pretty easy to run, the units are on auto-pay, if someone doesn't pay you simply lock them out until they do, or you auction off their stuff.

But it seems more like owning a business than investing in real estate. Yes, you own the actual property, but is that a real estate investment?