Updated about 4 years ago on . Most recent reply
Self Storage Investor. Advice needed
Greetings!
My retired parents own a self storage business that I will inherit one day. We have a surplus of cash for investing right now and I’m looking into investing into my parents business.
The property is owned free and clear maintains about 95% occupancy on about a 100 units of various sizes. The property has a large open gravel area that they offer rv and boat storage. There is roughly 25 spaces they are fully rented.
I’m looking into proposing to invest my money into building enclosed RV and boat storage or adding for units and moving away from the rv storage.
I would love to chat with a investor who is familiar with this industry. Thanks!