Buying a single self-storage unit and renting it back
Small self-storage facilities sometimes sell individual units. Owning one and renting it produces boring, reliable cash flow.
How it works
Not every self-storage facility is REIT-owned. Family operators occasionally sell individual units as a fractional investment. Yields are lower than stocks but the cash flow is very stable.
Step by step
- 1Find a family-run facility within driving distance.
- 2Ask if they've ever considered selling individual units.
- 3Negotiate a 10-year management contract with them.
- 4Collect a monthly check; do nothing.
Discussion
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