Self storage investing is a great, risk free way to increase your net worth quickly. Any investor will tell you that the key to being a successful investor is to owe several low-risk, high value properties. This will stabilize your portfolio and allow you to make greater financial risk in the future. While demanding a reasonably high initial investment, these opportunities have huge earning potential and relatively low upkeep expenses. You can target commercial or residential self storage customers. This means that, once your initial investment is recouped, then you can quickly generate a large and consistent profit margin. This means that you can quickly increase your net wealth, thereby allowing you to further invest in the property or other real estate opportunities.
Ok, let me tell you a bit of history. Self storage first began in the United States in the 1960s. It's growth was monumental as people did need a place to store their stuff-well, those they can't sell and those that hold precious memories that they can't throw away. It reached the UK in the 80s and it has spread to Europe and Asia in the last decade. Now, the fact that self storage has broadened to include almost all the continents, it says one thing about this industry; and that is, it is something worth investing into.
Self storage is recession-proof. The stuff that people buy when the economy is good does not just go away and disappear once the economy goes bad. Those that they can't bear to auction off get carted off to a storage facility. I guess this habit is also a symbol of hope as these people have not lost hope that their lives will become better again and they'll soon move back into a bigger place where they can bring back all of their stuff.
Therefore, by being stable and consistent, self or mini storage facilities can help create a strong money making base from which you, as the investor, can draw upon for other real estate or commercial investments. These other commitments might be riskier or demand a greater initial investment, but they may have the potential to be tremendous earners. Thus, by relying on the risk free environment associated with mini storage ownership, you can greatly increase your personal net worth.