Stuart Simonsen on Why Self-Storage Units Are a Sound Investment

Stuart Simonsen understands that investing in the self-storage industry is the hidden gem of the investment and real estate worlds. For those who are looking for low risk, high-return, as well as low maintenance, this is a great opportunity to add to a portfolio. The self-storage industry has been steadily growing over the past decade for many reasons. One reason is that Americans will always need a place to temporarily store items, whether for downsizing purposes, preparations during/after an estate sale, or because of a move. An average of 1 in 4 Americans say their garage is too cluttered to park their cars, yet many items have sentimental or financial value and must be kept someplace safe. Data shows that the average American moves around 11 times in their life, and many people do not have an on-site shed or basement suitable to withstand all of their accumulated items.

Another reason that self-storage is a timeless commodity is the neverending consumer purchasing-decluttering cycle. Most products can now be easily bought online at the click of a button, which makes impulse buying an effortless afterthought. This, in turn, leads to spaces filling up with too many items. After a period of time, Stuart Simonsen points out that many people feel the urge to clean or declutter their personal space and need someplace to store their possessions.

In the event of a loved one passing, there is also a difficult decision about where to store sentimental possessions and the added stress of a timeline around getting things settled. A storage facility is a great way to put a pause on some of the decision-making, according to Stuart Simonsen.

Many people are starting their own entrepreneurial ventures in this day and age, which means more space is needed for home offices. Items that used to take up space in the households now need to make way for side hustles and business opportunities, as well as inventory.

Stuart Simonsen knows another reason this industry is not going anywhere is the fact that many homeowners need places to store their seasonal items, such as recreational campers and water sport vehicles. In addition, college students have also caught on to the genius concept of storing possessions in-between academic semesters instead of transporting everything home for a few months. College students are now storing dormitory items locally to make moving back in easier, which means a potentially never-ending demand for a limited supply of storage units, the textbook format for success as an investor.

This article was originally published at https://surprisinglyfree.com/stuart-simonsen/