Monthly Archives: May 2016

Is “Storage Wars”…Real Or Fake?

Storage Wars-Real or Fake

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One of the most popular television show on A&E is the reality series “Storage Wars.”

Is it real or fake?

The show “follows an eclectic group of modern day treasure hunters who earn their living attending public auctions of the contents of abandoned storage lockers in the hopes of finding buried treasure in those lockers, which they can then resell for a profit,” according to the lawsuit filed by David Hester.

In the lawsuit, filed in a Los Angeles Superior Court, Hester accuses A&E of committing fraud on the public, and unlawfully firing him when he complained about the show’s practices.

Whether the TV show is real or fake, it is the owners’ right to sell storage contents to satisfy back rent is real in most states.  In fact, the Texas Self Storage Association posts upcoming auction sites at www.txssa.org/auctions.  And Texas treasure hunters do follow its postings.

Are some treasures found at these auctions?  Yes, sometimes.  One owner said someone bought a deceased ladies storage contents to find 4 Republic of Texas notes inside her Bible.  Apparently, no one in the family had opened her Bible.  The happy buyer had them authenticated and resold them for $500 each.  Not bad for a $125 investment.

Another antique/ junk dealer bought the contents of a locker because he could see antique wooden boxes stacked up from floor to ceiling containing what he hopped were valuable antique toys.  He did not share what he found.

While the owners of self-storage property have the right to sell storage locker contents for unpaid rents, generally 60 days late, it is never their desire.  Owners would much rather have the tenant pay at least a good portion of the rent and move the property out than auction off personal property.

For more great news and training on self-storage, opt in for “Get 9 Little Known Secrets ForSteady Real Estate Income Free” at www.self-storageinsider.com.

Click to watch Is “Storage Wars” Real Or Fake?

Until next time this is Bill Moist, Self-Storage Buyer, let the treasure hunting continue.

Why People Use Self-Storage

self-stoagepeople

Overlooked reasons for using self-storage…For instance a divorced person going through a difficult transition.  He or she might need a temporary place to keep belongings.  I lived that when I had two storage units.

Or a daughter moving her elderly father into a nursing home.  Where to put dad’s stuff?

How about a family who is selling their home and need to stage it so they store excess belongings until they move?

Also, many small businesses turn self-storage into inexpensive warehouse for inventory.

Or, that retailer who has high rent and can’t afford the cost of storage in the retail outlet.

For millions of Americans, self-storage isn’t a matter of clutter.  Rather it’s a matter of dealing with life.

Approximately 10% of the American households use the 52,000 self-storage properties.

In conclusion…While some hoarders rent self-storage, many individuals need storage during transition, and some small business – retail or service – use self-storage as an inexpensive way to solve a warehousing problem.

What’s next?  If you have not done so, Optin to “Get 9 Little Known Secrets For Steady Real Estate Income” at www.self-storageinsider.com

Investors Lock In Solid Returns…Today’s Opportunity

Self-Storage Property This nich product, Self-Storage… fills up.

Interest in self-storage… has skyrocketed during the last decade. This niche property’s stable returns and growing demand are drawing attention from an array of new investors, particularly large institutions seeking to diversify their portfolios. These new players are increasing transaction volume at a record-setting pace. In a recent joint venture, Extra Space Storage and Prudential Real Estate Investors bought Storage USA’s 458 facilities for $2.3 billion from GE Commercial Finance. This deal clearly demonstrates that the self-storage asset class has arrived.

Strong market fundamentals further support the sector’s growing presence. The United States has approximately 54,000 self-storage facilities totaling 2.63 billion square feet with a market value of about $120 billion. Public ownership of self-storage currently hovers around 13 percent, which is higher than that of apartment, office, and warehouse sectors. Extra Space Storage of Salt Lake City and U-Store-It of Cleveland both completed public offerings last year, joining existing self-storage real estate investment trusts Public Storage, Shurgard Storage Centers, and Sovran Self Storage. Other companies quickly are following suit by acquiring and developing properties with the intention of forming new REITs. These companies are fueling a consolidation trend that slowly is changing the self-storage market landscape.

Today’s opportunity…Public ownership of self-storage is currently only 13%.  That means 87% of the the storage in America is in private hands.  In fact, a large portion of the ownership is what we call mom and pops.  What that means is someone had a tract of land that they built a self-storage building.  It leased up and they built a second and then a third.  We are looking for that mom and pop where we can bring significant technology and marketing upgrades to the property.  This increases both rents and value.

What’s next?  If you have not done so, Optin to “Get 9 Little Known Secrets For Steady Real Estate Income” at www.self-storageinsider.com

The Investment To Make

WhereToInvest When so much memorabilia is retained and no more space is available at home, the next best option is renting a 10 foot by 15 foot storage unit for just $100 a month. This has become one of the hottest businesses in the United States, with about 50,000 storage facilities scattered throughout the United States, according to a recent report from Forbes.com.

Now one of the most solid investments in real estate available  for several reasons. The report said that the industry is recession-resistant. The market is open to the widest clientele, from the wealthiest to the most ordinary.

This is because the need for space is constant and consistent, be it a good year or a lean year. While this is not a glamorous business, it provides solid returns for investments made even during recession years.  Even if there is a dip during a recession, there is always a strong comeback the following year.

According to a report from StorageBeat.com, the revenues in 2014 was estimated at $29.8 billion, in 2015 at $31.6 billion and forecasted for 2016 at $32.7 billion. There are about 54,009 storage facilities in operation as of 2015 offering a total of 2.63 billion square feet, as of 2014 figures.

The same report further said that in 2015, about 9.5 percent of total US households rented a self-storage unit. The most rented space is a 10 by 10 footer at 23.1 percent market share, followed by the 10 by 20 footer at 20.6 percent market share.

Conclusion… Learn all you can about this market.  A great place to start, If you have not done so, Opt-in to “Get 9 Little Known Secrets For Steady Real Estate Income” at

www.self-storageinsider.com

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The Hotest Way To Invest In Real Estate…Self-Storage

self-stoagepeople

You’ve run out of room to stash that old cherrywood table, your high school sports trophies, Grandma’s wedding dress and those bulging boxes of tax records. What to do? Rent a 10-by-15-foot storage unit, for about $100 per month, and stick all the excess stuff in there. Even if your home doesn’t come with an attic, you have one now.

As commercial property goes, self-storage has none of the sex appeal of a gleaming office building or a ritzy shopping mall. There are more than 50,000 self-storage facilities in the U.S. — nondescript warehouses filled with cubicles where Americans keep the belongings that don’t fit into their homes. But even though self-storage is about as unassuming an industry as you can get, it turns out to be a pretty solid investment — often better than other kinds of real estate.

For several years, the wealthy’s favorite kind of real estate investment was the apartment property. But in the last several months, they’ve shifted to self-storage, a property type that seems a little humdrum.

Why? It is recession-resistant. There are other interesting factors that I’ll explain. But first, here’s some good news. Though some of the most exciting types of self-storage investments are restricted to only the wealthiest investors, anybody can get in on this trend. Ordinary investors can participate in the self-storage real estate market.

And even very wealthy investors can learn a lot about the sector by studying self-storage REITs and taking a cue from Forbes 400 member B. Wayne Hughes, who built his $2.4 billion fortune on self-storage.

Does self-storage intrigue you?  Drop me a note and we can have a detail private discussion.