Can I Run A Business From A Self Storage Unit

Owning a self storage business can be very lucrative.

Can i run a business from a self storage unit.

Because of these facts it caught the eye of wall street following the last recession. So basically there s a lot you can do with a self storage unit and a good self storage facility. The rent is cheap and space is ample. Self storage is the best business there is for the small investor.

But you can not run a business or work in one. I believe the writer is confusing the difference between a storage and working units. Wi fi is also available in certain units. You can set up a desk in a storage unit and run the day to day stuff plus many storage units can be provided with lighting and electrical outlets.

You will need to do some careful research and detailed planning before you start the business. You can use it for space location flexibility or simply because of its convenience. It s also an operating business with very predictable cash flow. Storage units are designed for storage only and yes you could possibly use one for storing ebay items or business items.

So let s explore those in more detail. However starting up a storage unit workshop or transforming your storage unit into an office is not allowed in most cases. Secondly lenders look favorably on self storage as a start up business because of their tremendous success rate. You are responsible for the personal property of your customers so you need to make sure that you are prepared to manage that obligation.

Be that a photo studio or band etc etc. That doesn t mean that standard self storage is entirely useless for small business owners and larger companies. Running a business from your self storage unit is a smart choice. Running a store from your self storage can be a less expensive alternative to renting or leasing a small store and is definitely more professional than running one from your garage or backyard storage area.

In fact down payments may run as low as 25 for conventional business loans. Many different kinds of businesses have already discovered the plentiful benefits of taking out a self storage unit as a business base. In short the answer to the age old question can i run a business from a self storage unit is a resounding. Many storage operators discourage business users.

Carlos diaz vice president and general manager of value store it management inc. In theory working out of a storage unit seems like a grand idea for small business owners. It s a self storage unit not meant to be used as an operating business he said. It has all the benefits of a real estate play and few of the drawbacks associated with traditional investment real estate.

Thirdly operating a self storage facility is straightforward. However before renting a self storage unit you should talk with the manager and make sure they are allowing you to run a business using their facilities.