Paul SandhuPoster
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#5 Short-Term & Vacation Rental Discussions Contributor
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Arbitraging a storage unit as an STR
Paul SandhuPoster#5 Short-Term & Vacation Rental Discussions Contributor
#5 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
You know what a storage unit is. Those storage buildings all in a row with a bunch of garage doors where you can rent out an individual unit to store your stuff. A person can put some rudimentary furniture in there and maybe a tv, a microwave and a portable toilet. They have a power outlet and a ceiling light. The monthly rent for the storage unit is normally about $40. How much do you think a person can get per night for a storage unit? There are only about 250 motel rooms in this town. Starting in January there will be about 1500 people coming here for a major industrial job.
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Michael Baum
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Seriously, with 1500 people coming for the maintenance cycle, maybe it is time to buy a few more properties at your usual price and get them ready to go!