Self Storage Q22 Time Renters Stay

A common question that I get is, what is the average life of a customer at a self storage facility? My name is Fernando Angelucci. I'm "The Storage Stud".

We should break apart our customer base into a couple different segments. So let's start with the residential segment. So these are typically homeowners that need additional space as storage as their belongings and their typical life at a self storage facility is between 12 and 13 months. On average. Now there are some that are stay less, and then there are some that stay way longer. We've had tenants have stayed for 10, 15 years.

The second subset, the subset that I really like are your commercial tenants or your business owners. Your business owners, they may ask for a slight discount in order to pay, you know, pre-pay their rent. But typically these types of tenants will stay for 23 to 24 months at a time. They're very stable. And as long as their business is doing well, they may actually start expanding and requesting additional units in your facility.

Now, the other two major sections to be aware of are your military personnel and your students. So your students are going to have the lowest average time. On average, they're staying about three to four months and that's because they're usually only using storage when they go home for the summer. And they don't want to drag all of their dorm room stuff back, you know, to wherever market they're from and then have to move it back to school. Once school starts up again. And then the other section is your military personnel. You're active duty personnel. Sometimes when they go on active duty, they, they want to store their stuff in a self storage facility. They know that it's safe and they don't have to worry about it. And on average, they stay about six months at a time.

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

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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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