by Scott Duffy, RK Kliebenstein
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| List Price: | $14.95 |
| Amazon Price: | $14.95 & eligible for FREE Super Saver Shipping on orders over $25. |
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| Lowest New Price: | $14.95 |
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Product Description
"How to Invest in Self-Storage" is an easy-to-read book filled with self-storage information and advice that can be extremely valuable for anyone seriously considering the business of self-storage. Looking at the industry from its earliest beginnings to the market today, it examines not only the reasons to get into the business, but also the common myths that surround the industry as a whole, as well as a step-by-step guide for developing and/or acquiring a facility.
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Average Customer Review:
6 of 6 people found the following review helpful:
 reads like a grade school book report, 2008-05-04
I am considering entry into the self storage industry and have done a moderate amount of research to date on the internet. My expectations weren't overswhelming for this book since I was sure it wouldn't be market or region specific and it wouldn't be able to factor in current economic conditions. This book is about 90 pages and could have been reduced to less than half of that if you take out the double-spaced bullet points scattered throughout each chapter. Many explanations are so basic and obvious that it feels like you are reading a grade school book report on "how to start a business".
I was hoping for some insight on construction options, marketing techniques, components of the investment costs, pricing strategies, etc. This book has almost none of that. And any mention of those items is generic at best.
If you are considering investment into self storage, I would encourage you to save your money and instead look to other publications on the internet or from self storage agencies such as Inside Self Storage.
1 of 2 people found the following review helpful:
The First Book on Self Storage, 2007-10-11
This book is an excellent - "high level" overview of what to look for and how to obtain a self storage business. I highly recommend it.
7 of 7 people found the following review helpful:
 Not a detailed step by step but good general information, 2007-08-09
Just finished the book, as well as returned from a seminar of which I had spent almost two full days with one of the authors (RK). I am an investor with a developer background and was looking for a book that shared the details of how to invest in self storage. This is not the book. It provides general information but doesn't get into the details. It was very typical of how the author teaches as well. I would describe it as a good beginner book, but not a detailed step by step. Maybe I'm being too picky, but when I read a "how to" book I expect it to be similar to the directions on how to bake a cake. Step by step instructions with some dialog on do's and don'ts. Especially if your talking about investing the money that this takes.
After attending the seminar I understand more of why it is written the way it is. There is quite a bit of emphasis on hiring a professional to conduct a feasability study and the author owns a company that does exactly that. So he's not going to give you too much information that you would otherwise pay him for and your going to hear a lot about why you shouldn't do things yourself but hire a professional.
Unfortunately I don't know of any other books to compare this to (maybe I will write on in the future).
If your a seasoned investor you may be disappointed, but if your a beginner wanting to check out self storage then pick it up and plan on using it as the first step of many you'll need to obtain the information you need in order to make an educated decision on how to make money in the self storage industry.
5 of 7 people found the following review helpful:
How to invest in self storage., 2007-01-09
This book provides a simple introduction into some of the factors to be considered for investing in a self storage facility. It should not be considered as a complete guide; however, is a very adequate introduction. It was a well done book and is well worth its price.
3 of 3 people found the following review helpful:
Another Pamphlet, 2007-01-09
I bought this book along with "Market Analysis and Valuation of Self-Storage Facilities." Both of these books were good, but light in content for the money. For $20, I'd like more than 100 pages of information. If there isn't more, charge less, like $10. The information is useful, especially if you have experience evaluating commercial real estate. I was just left wanting more for my money...
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