Many investors want to diversify their income streams into “alternative” investments, and self-storage is at the top of that pack. But their holdback is that they don’t want to physically manage it. Traditionally, the only way you could own a storage property in a passive way was to buy stock in a REIT like Public Storage. But low dividends and unpredictable stock prices make that option unattractive.
However, there now is a way to buy even a small storage property and get it managed without any time or effort on your part. You own the whole property, with the title in your name. But you don’t have to answer phones, show unit, do collections – all the things you don’t have the time for.
In this video interview we explore the concept of hiring out the management of storage properties – regardless of size or location – with Alex and Pete from White Label Storage. These two Harvard Business School graduates have developed a technology-based management system that is low cost and highly effective on smaller facilities. And it costs nothing to have them give you a review of your current operations vs. what they offer – even on properties you haven’t purchased yet.