While I could go on for days about Self Storage, here are just ten of my many beliefs about why Self Storage ownership is the only real estate investment you should ever make.
1. Self Storage is the only real estate investment that you can lock tenants out, generally within 5-6 days, if they do not pay.
You have this right in most states as long as you follow the state statutes for self storage.
If you do not have some background experience with apartment, office, shopping centers, and residential rentals you cannot appreciate this very, very important feature of self storage. With other real estate investments it sometimes takes weeks or months, even with the best of legal advice, to remove tenants.
2. Self Storage is the only real estate investment that by state statutes an owner can sell a tenant’s goods in most states if they don’t pay within 57 days.
The time frame is usually around 57 days from the due date of last payment if you follow most state statutes for Self Storage. This is mostly done without legal assistance.