Quote:
Originally posted by gornyhuy
Has anybody tried a "self storage" business? They are popping up like mushrooms on shit around here...
Really cheap construction, generally located on out of the way industrial (i.e. cheap) land, and they have hundreds of storage bays in them going for $100-$500/month. Best part is, if the tenant doesn't pay his rent, you just slap a padlock on there and 2 weeks later you auction off his shit.
I would think that would be a very low risk high cash flow business particularly in an urban area where people don't have storage space in their apartments/houses.
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YES! I forgot to mention that earlier. An old friend of mines parents own one of those w/ a shitload of bays to rent. They make very nice off of it, but not sure on exact figures.