Self-Storage TIC Investments Explained

We have recently launched a Tenant In Common (#TIC) product specific to the Self-Storage Industry. As many of you know, my entire life, from every possible angle has involved Real Estate. Whether it was working as a closing agent after law school, a real estate appraiser, expert witness work in tax cases, a real estate agent, owning a small residential development company, an owner of a billboard company that ultimately sold out to a national firm or simply a passive investor, I’ve pretty much done it all. Today, I manage a current portfolio comprised primarily of self-storage facilities, which is my primary source of income today.

After attending law school, becoming a CPA, a Personal Financial Planner, a Forensic CPA, a Business Valuator and a real estate agent, I decided to combine all my education and experience and not limit myself to practicing exclusively in either field. Instead, I have spent the past 15 years as a qualified intermediary and have handled thousands of different 1031 exchanges in all 50 states.

What I often found was that there was a big demand for Tenant in Common (TIC) interests, especially with aging baby boomers who were liquidating property with exhausted depreciation now looking for something else. Something that:

* was diverse within the property itself (storage having several hundred tenants at a single location none of which were dependent on the other tenant like an anchor store),

* little, if any, capital improvement costs (because the buildings are metal and do not require many, if any, capital improvements)

* resistant to a recession (whether downsizing or moving in with your parents or a foreclosure, you still need a place to store your personal stuff)

* offered multiple revenue streams (U-haul rentals, insurance sales to clients, shed sales or lead sales), and most importantly…

* was fairly liquid (if you want to sell, but another owner does not buy your interest, we will purchase your interest from you within 60 days)

I personally own 12 facilities myself and I am very passionate about these products. I believe that self-storage TIC investments are the next frontier for passive individual investors searching for a solid option that provides mailbox money along with depreciation (which reduces your taxable income).

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If you are looking for a different way to invest, with consistent returns and reduced responsibilities, perhaps a self-storage TIC investment is for you. Please visit out our website to learn more about these unique real estate investment opportunities.