Landlords have a lot of need for self storage. Here we look at key ways any landlord can benefit from self storage to aid their growing property portfolio.
If you are a landlord with plenty of properties to rent out, you likely have a lot of reasons to use self storage. From tools and equipment to fix property issues, to furniture to move in and out of different properties, homes that are rented out take up a lot more room than they take up. As a landlord, you likely struggle to store those items in your garage or in your own home, and storing them inside the different properties only takes away from the available rentable space. As your property portfolio grows, you need additional storage space, but where do you get it from?
Self Storage
Self storage provides a cheap solution to your storage problem, and it is worth investing in to ensure the real money-making properties are kept as they should be. The right solution can make a difference to a small business. Here are a few reasons any landlord needs business self-storage for their portfolio:
Buying furniture in bulk
It may be that you have a high turnover in student properties or the properties you rent out and perhaps when you see furniture on sale you buy it in bulk. Things like mattresses, coffee tables and chairs that may break or be damaged easily aren’t cheap to keep replacing, so if you see any on sale you get them while you can. Cheap self storage gives you a place to store the items so you can save the money on purchasing them.
Storing maintenance tools
All homes need maintaining, and you may well have a large collection of tools and decorating items to use to maintain each of your properties. Keep these items separate and away from your home so you have an easy to reach go to maintenance kit to use whenever you need to fix something up in a property.
Storing larger scale building tools and kit for renovating
Perhaps you are a landlord who buys properties at a value price, renovates them and then rents them out. If this is the case you may well have a much larger scale set of ‘tools’ that you use when you buy a new property. A cheap self storage unit affords you safe, secure space to store those items to reach whenever you acquire a new property.
Somewhere to store broken or damaged items until you can get rid of them
Perhaps you don’t have time to take damaged or broken items to the tip one at a time, or you sell on items like these to people who upcycle or use the parts but need again, you need to sell them on as a job lot. Cheap self storage enables you to store items until you have enough to warrant a trip to get rid of them all in one go.
Clearly you may not use cheap self storage for one of these uses, and will likely use the space for all of these uses and more. Whatever the case, as a landlord with a growing property portfolio you need an extra space to use to help you maintain and grow your business, and cheap self storage is the best solution.
Can Benefit from Using Self-Storage
