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Updated over 6 years ago on . Most recent reply

Parris Edwards's profile image
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Parris Edwards
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 10, 2018
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Parris Edwards's profile image
Parris Edwards's profile image
Parris Edwards
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 10, 2018
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Parris Edwards
  • Rental Property Investor
  • Los Angeles, CA
1
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26
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Commercial Real Estate Investing

Self storage Facility

Parris Edwards
  • Rental Property Investor
  • Los Angeles, CA
Posted

Anyone currently own any self storage facilities ? (in Los Angeles) or near What’s the process I’ve heard it’s a good investment.

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

Self storage is a fantastic investment but it is a retail business so its all about people and operations in order to make a profit. Retail is also a controlled theft business so you really need to know whats going on. It's all in the numbers KPI.

I would recommend hiring a professional management company to run it for you. 

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