April 6, 2010

Have you seen the trailer for the movie, Eat Pray Love? It’s the latest film starring Julia Roberts which I am anxious to see, by the way. What caught my attention is when Robert’s character was putting all her stuff in a self-storage unit after she lost her house. In the last few years, self storage units have become an excellent investment because everyone needs an extra space to store their possessions such as household goods, boats, wine, cars, junk–you name it. People in developed countries like the U.S. have become collectors of junk that they don’t need but are unwilling to get rid of. Plus storage units are used by people relocating or in transition such as while a new house is under construction. Some people run businesses out of storage units. I have seen people working in storage units repairing office machines or picking up stock for their pharmaceutical sales business. Whatever the reason investors have found, “If you build it they will come”. The units are filled quickly if you research the market and build in the right place.
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