Why Store Useless Stuff in Self Storage Units? : The Real Estate Bloggers

Why Store Useless Stuff in Self Storage Units?

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Here is a great post on Self Storage Units by Everybody Loves Your Money. Worth a read and a laugh.

One of the many mysteries in the world is why people will pay well over $100 per month to store items that are barely worth that amount. What am I talking about? Well, public storage units, of course. Public Storage is a booming business! It never ceases to amaze me to see what people store in these units. I’m not talking about the person who rents a storage unit for a month or two while they are in the process of moving etc, I’m referring to the long term holders of these units. What on earth is in there that’s worth $1200 per year to keep it there? In many cases, I’d be willing to bet, not much. The business case for whether to store these things is simple:

Value of stuff/monthly rent=Number of months before you are wasting your money

Read the rest at Everybody Loves Your Money

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