- July 17, 2021
- Posted by: Stratford Team
- Category: Business
- Self-storage is a business that claims to offer less of a white-knuckle ride for investors and managers.
- It wins out over other real estate sectors in terms of simplicity, reliability and resilience, it can be easy to start out in, and the path is well-trodden.
- Being the CEO of a self-storage company could incur comparatively little stress, and now is a very good time to start.
The self-storage industry comes to rescue when people face life events — famously death, divorce and dislocation — but is also invaluable for anyone with limited living space. And being considered an essential service, COVID-19 didn’t shut its facilities down. It therefore sees a consistent cashflow and tends to ride out challenging times better than comparable sectors. Also, it is often called a “three-mile business,” so a loyal local customer base can be built up. Any CEO moving into the self-storage industry has the opportunity to not only create a reliable…