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scottmandue scottmandue is offline
least common denominator
 
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Join Date: Aug 2001
Location: San Pedro,CA
Posts: 22,506
Storage space rentals as a business opportunity?

Thinking of my retirement,

I live on a lot with two houses so we rent one out, and yeah, it is nice to have that extra income.

However it can be a headache... I do most of my own home maintenance so it is twice the maintenance plus working a 40 hour week job.

Plus if you rent to a single mom the you get... Ack! The pilot is out on the water heater... Ack! There is no power in the bedroom, I think a breaker tripped! (light bulb in bedroom burnt out) etc. Ack, ants in the kitchen... and I am in the back house so I can't just ignore the renter.

Anyway, so I am thinking one of those storage space businesses would be ideal. No plumbing to worry about. People for the most part just stuff away their useless junk they can't part with.

And you don't have to deal with renters rights, it is a storage unit. Customer signs a contract "if rent isn't paid in (x) months you are evicted and you stuff gets thrown out." (or sold).

What think ye?
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Old 04-29-2014, 11:55 AM
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