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How To Invest In Self-Storage
 
 
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How To Invest In Self-Storage [Kindle Edition]

Scott Duffy (Author), RK Kliebenstein (Author), Poppy Behrens (Author, Editor)
4.2 out of 5 stars  See all reviews (19 customer reviews) |
Digital List Price: $14.95 What's this?
Kindle Price: $14.95 includes free wireless delivery via Amazon Whispernet

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Editorial Reviews

Review

A must read for anyone considering self storage as an investment. --M. Anne Ballard, President, Universal Management Company, September 1, 2005

...represents the most up-to-date mandatory reference resource for new self storage investors, both private and institutional. --Marc A. Boorstein, Principal, MJ Partners Real Estate Services

This is the definitive guide to acquiring self-storage properties, written by self-storage experts. --Steven Osgood, President, U-Store-It, September 1, 2005

Product Description

How to Invest in Self Storage is an easy-to-read book filled with self storage information and advice that can be extremely valuable for anyone seriously considering the business of self storage. Looking at the industry from its earliest beginnings to the market today, it examines not only the reasons to get into the business, but also the common myths that surround the industry as a whole, as well as a step-by-step guide for developing and/or acquiring a facility.
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Product Details

  • File Size: 807 KB
  • Print Length: 106 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: MiniCo, Inc. (September 1, 2005)
  • Sold by: Amazon Digital Services
  • Language: English
  • ASIN: B0028RXQ4A
  • Text-to-Speech: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #331,667 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Customer Reviews

Most Helpful Customer Reviews
21 of 21 people found the following review helpful
not worth the money December 14, 2006
Format:Paperback
this book contains information that is basic business common sense. if you dont know how businesses in general operate, you shouldnt be buying this book anyway. WHERE ARE THE NUMBERS AND THE INDUSTRY SPECIFICS???? i got nothing from this book and have no background in self storage or real estate. i kept turning to the next chapter hoping to see some useful data but it never appeared. the only thing that was of any use was the sample income statement in the back of the book. DONT WASTE YOUR MONEY. you could find much more information on self storage by visiting various free websites and forums online. very dissapointing
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14 of 15 people found the following review helpful
Format:Paperback
I am considering entry into the self storage industry and have done a moderate amount of research to date on the internet. My expectations weren't overswhelming for this book since I was sure it wouldn't be market or region specific and it wouldn't be able to factor in current economic conditions. This book is about 90 pages and could have been reduced to less than half of that if you take out the double-spaced bullet points scattered throughout each chapter. Many explanations are so basic and obvious that it feels like you are reading a grade school book report on "how to start a business".

I was hoping for some insight on construction options, marketing techniques, components of the investment costs, pricing strategies, etc. This book has almost none of that. And any mention of those items is generic at best.

If you are considering investment into self storage, I would encourage you to save your money and instead look to other publications on the internet or from self storage agencies such as Inside Self Storage.
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14 of 15 people found the following review helpful
Format:Paperback
Just finished the book, as well as returned from a seminar of which I had spent almost two full days with one of the authors (RK). I am an investor with a developer background and was looking for a book that shared the details of how to invest in self storage. This is not the book. It provides general information but doesn't get into the details. It was very typical of how the author teaches as well. I would describe it as a good beginner book, but not a detailed step by step. Maybe I'm being too picky, but when I read a "how to" book I expect it to be similar to the directions on how to bake a cake. Step by step instructions with some dialog on do's and don'ts. Especially if your talking about investing the money that this takes.
After attending the seminar I understand more of why it is written the way it is. There is quite a bit of emphasis on hiring a professional to conduct a feasability study and the author owns a company that does exactly that. So he's not going to give you too much information that you would otherwise pay him for and your going to hear a lot about why you shouldn't do things yourself but hire a professional.
Unfortunately I don't know of any other books to compare this to (maybe I will write on in the future).
If your a seasoned investor you may be disappointed, but if your a beginner wanting to check out self storage then pick it up and plan on using it as the first step of many you'll need to obtain the information you need in order to make an educated decision on how to make money in the self storage industry.
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Most Recent Customer Reviews
Great info
This book had a lot of helpful information. It gave me a lot of insight how to open a storage facility.
Published 15 months ago by mskaren
Good Insight
The book is a very useful guide for those who are beginers. Good value, however it is an introduction to the topic and it's not that exhuastive on the details. Read more
Published on May 29, 2009 by Miguel
The First Book on Self Storage
This book is an excellent - "high level" overview of what to look for and how to obtain a self storage business. I highly recommend it.
Published on October 10, 2007 by Bevery P. Delong
How to invest in self storage.
This book provides a simple introduction into some of the factors to be considered for investing in a self storage facility. Read more
Published on January 9, 2007 by P. Weiser
Another Pamphlet
I bought this book along with "Market Analysis and Valuation of Self-Storage Facilities." Both of these books were good, but light in content for the money. Read more
Published on January 9, 2007 by Rosey
Great book
Great book. It's very plain language, yet technical & detailed too. I highly recommend it
Published on September 6, 2006 by Business Book Fan
A Map to Follow
One of the hottest real estate property types now has a book that provides potential investors with a guide to this unique industry. Read more
Published on November 26, 2005 by Jim Chiswell
Kraig Haviland Owner Haviland Storage Services
Every once in a while a resource is made available that fills a great need. Here it is. This book is a roadmap to success in the self storage industry. Read more
Published on November 21, 2005 by Kraig Haviland
How to Invest in Self-Storage
What a Great find! This book is a fantastic resource. It will save you tons of time and frustration, Thanks a millon Scott!
Published on November 19, 2005 by Todd Plymale-Mallory
AWESOME!
Due to the information I got from this book, I passed on a Self Storage Facility that I thought for sure was a "Killer Deal. Read more
Published on November 12, 2005 by Philip X. Tirone
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95 percent of the average facility's tenants either live or work within that 3-5 mile radius. &quote;
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The minimum median income of your target market should range from $45,000 to $50,000 per year. &quote;
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As a general rule of thumb, look for areas where the average resident is more than 30 years of age. &quote;
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