Storage units yes or no?

[Don Johnson]

New to this! And I was wondering what everyone's thoughts were on obtaining storage unit facility? Or if they have one what type of profit/loss do you normally retain? Thanks in advance.

[Scott Meyers]

Don, 

I'm biased - but after losing it all in single family rentals and apartments, I turned to Self-Storage.  If people don't pay, you lock them out and sell their stuff.  It's legal!  Can't do that with Habitational rentals. 

If a tenant destroys your home/apartment, who gets the bill?   Yeah, they do, but who's gonna force them to pay for it?  The courts?  Yeah right, you Can't get blood out of a turnip.... 

Can't trash a storage unit - It's a metal box on a concrete slab.  When someone vacates, we sweep it out - Done Deal, 3 minutes. 

If you look at the most profitable sector in all of Real Estate - Self-Storage outshines every other asset class, bar none.  Period.   

Don't believe me, then begin looking at the Trade Associations and other investing websites for the stats, and you'll come to the same conclusion that I and thousands of others have arrived at - Self-Storage Is King. 

I've bought, sold, and developed over 3,500 units, and invested in virtually all other forms of real estate over the past 20 years, and if you find something better, please let me know.