I'm curious what kind of insurance he has to carry for the storage facilities. I feel like the fall out for someone calling a fire in a storage unit could be worse than at a single family rental.
That is a really good question, I know depending on the state when you buy a storage rental you also buy a little insurance plan as well. I wonder if that's the solution having the individual units owned and insured by the renters
Curious to know: Do the storage units have electric outlets? Could these storage units be utilized / converted into work shops ?;...and generate more rental income? Thanks in advance.
I think it depends on the individual unit. I know a few years back a buddy of mine would rent these massive storage units to keep show trucks. And he had to deal with the owners that he'd be out there working on the trucks during the hours they were open and then would leave before the gate would lock. And it had a full range of outlets, and drainage.
What a superb guest. Very resourceful!
I’ve got 21 units and I freaking love MultiFamily residential
4plexes or larger units?
Are you house hacking ?
Second question: Do private property owners setup rental storage units on private property....a back yard ? .....as a start-up
Great episode, I just find it interesting because it sounds like storage units of that size the overhead is a lot.
Thank You Tony and Ashley.
"If people don't let you down, I'm actually surprised." Amen brother. Gotta hire 12 people to keep 1 good 1.
What are register/heater guard helped you prevent this from happening?
I'm curious what kind of insurance he has to carry for the storage facilities. I feel like the fall out for someone calling a fire in a storage unit could be worse than at a single family rental.
That is a really good question, I know depending on the state when you buy a storage rental you also buy a little insurance plan as well. I wonder if that's the solution having the individual units owned and insured by the renters
Curious to know: Do the storage units have electric outlets? Could these storage units be utilized / converted into work shops ?;...and generate more rental income? Thanks in advance.
I think it depends on the individual unit.
I know a few years back a buddy of mine would rent these massive storage units to keep show trucks. And he had to deal with the owners that he'd be out there working on the trucks during the hours they were open and then would leave before the gate would lock. And it had a full range of outlets, and drainage.
Would*