Self Storage Q12 Downsides

Some of the questions that potential storage owners should be asking. My favorite is, how do you avoid the downsides that can come along with self storage? My name is Fernando Angelucci. I'm "The Storage Stud".

This is a very interesting question. So there's not a lot of downsides of storage and the ones that are usually there are because the purchaser of the facility did not do their due diligence upfront. So the typical downsides are going into a saturated market. Going into a market where there is a heavily declining job and population growth. But these are all things that you can mitigate on the front end. So to avoid, let's say the saturated market downside risk, one of the things that you can do is before you buy your facility, you can do a competition study or a competition analysis. It's pretty easy to do. You just secret shop your competitors, you give them a call and you just try to find out, you know, what occupancy are they at?

If all your competitors in the area are at high occupancies, that's usually a very good sign that there's still pent up demand in that market. On the other side though, if you call up all your competitors and they're floating at 50% or 60% or 70% and that seems to be the standard across the board, then maybe that's not a good market for you to go into long term.

Another thing that you can do is you can actually hire a feasibility experts. This is usually a third party expert that has substantial experience in self storage as an owner and operator, and they can look at your market. They can do supply index analysis. They can do the competitor analysis as well, but these are the few downsides of storage can be mitigated pretty easily.

My name is Fernando. Angelucci. If you'd like to learn more about self storage, feel free to drop me a line at www.TheStorageStud.com

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Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at
https://www.TheStorageStud.com


http://titanwealthgroup.com/

Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
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