Self-Storage or Storage Lots

[Brendan M Hornung]

Hello all,

I have recently developed a growing interest on self-storage and even a storage lot. I a new in the game and would like to get started. Wondering what the communities thoughts are on buying a dirt lot, storing RVs, trailers, etc. on it. Eventually, I hope that the rented spaces would generate enough cash flow to pave of concrete the lot to give it a better look and increasing the price of the rented spaces. Any thoughts, good or bad?