We invited Joe Austin and Lloyd Hussey from The William Warren Group to talk about investing in self-storage units. Compared with general real estate, self-storage has light capital expenditures and is relatively easy to operate. More importantly, the month-to-month short leases enable landlords to adjust prices quickly and thus perform better during inflationary periods. In addition, demand for storage units is usually caused by life events, not economic reasons, making it a recession-resilient investment. Lloyd and Joe then talked about the potential pros and cons of this investment, and how the pandemic shaped the industry. Overall, self-storage is low volatility, produces steady cash flow, has a long history of capital appreciation, and yet is still kind of "under the radar". If you are interested in real estate investments, but worry about the current housing market, and don't want to be bothered with the "hello landlord, the bathroom pipe just busted" call, self-storage may be a candidate for you!
