Considering starting a Storage Unit business

Please let me know if this is not the right sub, if so I'm sorry mods.

I've been mulling the idea of starting/owning a storage unit business for some time. I haven't started a deep dive into my research, but am looking for advice (especially from anyone in the business). I understand business loans require a good deal of planning, but to get the ball rolling for any advice or discussion here is a list of reasons I'm leaning towards Storage.

• Potentially more stable than rental homes

• No need for messy eviction processes

• Facilities can be made more durable than homes

• Less stress on utilities. Electric & heat only, no worry about backed up toilets etc.

• Property management can be cheaper than rental homes.

• Many times when people lose their homes or are evicted they tend to try to store their things until they find housing (I realize this could be messy, but many would rather spend a hundred a month than lose their items)

• I understand the pay per square foot is less than that of housing rentals.

• Potential to find a closed retail store and convert facility into rental storage.

So those are just some of the thoughts I'm having. Was hoping to get some helpful insight! Thanks again.

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