10 Ways to Make Millions in Self Storage Investing

Do you think of self storage investing when you think of value-add real estate? Probably not. What usually comes to mind is traditional real estate, single-family or multi-family, and making minor improvements to add huge value. Who knew you could also accomplish this with self storage?

Through investing in self storage, you can increase cash flow by tens of thousands a year and millions in equity just by making some small changes. Sell some boxes, rent out some trucks, increase rents, and you’ll quickly have a massively appreciating storage facility on your hands.

Paul Moore, our storage sensei, walks us through 10 self storage value-add opportunities and breaks down the numbers, so we can see just how much each addition would bring to the business.

Want to get started with self storage investments? Grab Paul’s book linked below!
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup
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Grab Paul’s New Book “Storing Up Profits” 📚
https://store.biggerpockets.com/products/storing-up-profits?utm_source=youtube&utm_medium=description&utm_campaign=storage
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Listen to Paul’s Full Interview on Self Storage Investing:
https://youtu.be/XIPXVLPf3bo
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The Power of a Dollar in Value-Add Self Storage Investing:
https://www.biggerpockets.com/blog/value-add-self-storage
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Learn More About Wellings Capital:
https://www.wellingscapital.com/
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A Pandemic Space Race: Self Storage Roars Back:
https://www.nytimes.com/2021/09/21/business/self-storage-roars-back.html
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Follow Paul on Instagram:
@paulmooreinvest or https://www.instagram.com/paulmooreinvest/

00:00 Intro
00:12 Value Add Self Storage
03:02 Value Add Equation
03:55 1. Rent Vacant Units
05:24 2. Increase Rent by 10%
06:24 3. Rent Space
07:06 4. Truck Leasing
08:13 5. Add Point of Sale Items
08:43 6. Add Tenant Insurance
09:24 7. Late Fees
09:38 8. Reduce Expenses
09:59 9. Add Boat or RV Storage
10:50 10. Add Climate Controlled Self Storage