Why Storage Units are a Great Investment
CRAFTED Millionaire
Cayla Craft
4.9 • 1.3K Ratings
🗓️ 29 July 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Did you know that self-storage units have proven to be safe investments even during economic downturns? Think about it. In a recession, people still need a place to store their stuff. People are also more likely to need a storage unit as they have to downsize. What Cayla has found in her most recent investment adventures is that self-storage units are one of the smartest and hottest things available for you right now as an investment.
So listen to this quick Mommy Millionaire Minute to get your wheels turning on more opportunities available for you to bring in more income.
You will learn:
- [1:57] - Most people have access to more money than they think they do.
- [3:01] - Where Cayla lives, the tenants have more rights than property owners and that’s one of the reasons she is focusing on different types of real estate.
- [4:11] - Self Storage has consistently held its value during significant economic downturns.
- [5:01] - There are no evictions.
- [6:12] - Cayla shares some statistics.
- [7:03] - DM Cayla “Self Storage” and she will let you know about some webinar opportunities coming up.
- [8:19] - There is less income compared to multi-family investments.
Find Cayla:
Transcript
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| 0:00.0 | self-storage is where it's at. First of all, there's consistent profitability. So self-storage |
| 0:05.4 | consistently has held its value during economic downturns. So in 2008, the real estate investment |
| 0:13.2 | trust that were able to turn a profit were actually self-storage priests at about 5%. So that was |
| 0:20.1 | doing more than the stock market at that time. In a recession, people still need a place to store |
| 0:25.6 | their stuff. In fact, the need to downsize makes storage facilities even more necessary. |
| 0:36.7 | Hello and welcome to the Mommy Millionaire Show. This is your host, Kayla Kraft. I am a mom of three. |
| 0:44.0 | Multi-millionaire, master, life coach, and money mindset queen. I am so happy and thankful that |
| 0:51.5 | you're here. I am actually on a mission to help one million women make a million dollars or more |
| 0:57.1 | a year. That could be you. Every week, I'm bringing you inspiring stories to help you feel empowered |
| 1:05.9 | to broaden your horizons, to gain clarity and strategy on living your best life. Over at Mommy |
| 1:13.1 | Millionaire, we pursue our lives with purpose and love and the riches always follow. So stay tuned |
| 1:20.4 | because I'm bringing you episodes twice a week. I believe you are your biggest asset. So let's build |
| 1:26.2 | you up today. Let's get into it. |
| 1:36.8 | Hello Mommy Millionaires. Welcome to this quick Mommy Millionaire Minute where I'm going to share |
| 1:41.5 | with you why storage units as an investment idea is one of the smartest, most hottest things |
| 1:49.6 | available for you right now. Now, I don't want you to discount yourself. If you're like, I don't |
| 1:55.6 | have any money right now. Most people have access to money that they are unaware of. So, you know, |
| 2:01.3 | I've seen people pull from their 401k, they pull from their IRAs and yes, you were usually taxed |
| 2:09.5 | when you pull money on that and I'm not telling anybody to do that. But if you do have access to |
| 2:14.0 | things like that, most of those are growing at a slower rate than if you were to invest that money |
| 2:21.0 | into a deal like this. And so you really want to get good at what you're investing in. You need |
| 2:28.4 | to understand where am I going to see the most return on investment and sometimes it's not the |
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