Are Storage Units Profitable?

Ever since a whole genre of reality television blew up around the concept, it is a question we see popping up frequently. ‘Are storage units profitable?’ Often the thought behind it is whether or not purchasing up old storage units and flipping their contents a worthwhile endeavor. This is not the only way storage units can be a profitable endeavor. Do not worry, we will address that original question in a moment. But before we do, we want to offer this: profitable can mean many things. It can mean a worthwhile investment, a sound financial choice. It does not have to be just selling items for profits. More on that later, but for now let’s answer that first question!

Are Storage Units Profitable?

That depends. In the ‘Storage War’ mode of profitability, buying up storage lockers contents and trying to resell is, well, a gamble. You could be so certain that a unit has a treasure trove buried in the back and end up dropping hundreds on 12 x 12 square feet of trash. That’s a bust, and yet, with the same flip of the coin, you can be like the couple on one episode who happened to win an auction the crew were running and ended up with almost a cool half million in literal pirate treasure. Obviously, this isn’t the most common of scenarios. If every lot auction ended with the contents being massively valuable well, they probably wouldn’t be auctions in the first place!

are storage units profitable storage units money

Rethink ‘Profitable’

While you can certainly go on and attempt to scoop up units at auctions, storage units are definitively profitable when used for their intended purpose. We have written about it elsewhere on the site on our blog answering ‘Are Storage Units a Good Investment?’ To expound here, storage units provide one thing specifically: space. Storage unit is the tool, space is the resource being provided and how you leverage that resource can see you coming out ahead financially.

Profitable does not have to only mean financial gain as well. Profitable can be any positive to your life. For instance, if you using the new space provided by your storage unit to clear out your garage, you can then park your cars inside or use as a workshop. Protecting your cars from the outside weather, or making them safe. If the space provided allows for an extra bedroom for guests your life can suddenly be given a whole lot more joy. That’s why we suggest rethinking what ‘profit’ means.

Are storage units profitable? Heck yes! Regardless of whether or not you go on a storage locker auction frenzy, owning and utilizing a storage unit for your personal use can allow you the means to bring other joys (not to mention savings) to your day to day life. If you are looking to get a storage unit for yourself or your family

The Ins and Outs of Moving Truck Rentals

When it comes to self-storage, the storage units themselves are not the only piece to the moving puzzle. After all, all those belongings you are putting into storage need to get there somehow. That’s where moving truck rentals come in. When you don’t have the vehicle to move everything, when you don’t have the time to make multiple trips, or maybe you don’t need a storage unit at all.

moving truck rental

Renting a moving truck can be the solution to your conundrum. But there are things to take into account before you roll up to U-Haul or wherever. Follow this blog to know everything you need to know before making your moving truck rental.

 

Assess Your Space Requirement

Before you head down to the moving truck rental place, have an idea about what size truck or trailer you are going to need. Keeping in mind that a truck will be using space as efficiently as possible, as well as stacking vertical at times. It’s not just square footage you will be using, it’s cubic! Now give yourself a little wiggle room as nothing will fit perfectly, you don’t want to have to make even just one more trip than you anticipated.

Gas or Diesel

Moving trucks can be gas or diesel fueled so you will want to have an idea of which of these you would prefer. Diesel trucks do get better miles per gallon making them a sound option for a long-distance move. However, diesels also are a bit at the whims of weather as anything colder than 32 degrees Fahrenheit can give them trouble starting up.

Know Your Questions

Not all rental places are the same, there is no set standard. Their prices per miles may be different, insurance rates vary, what moving equipment are included etc. Know what you are interested in and what features you need for your move.

Driving Your Moving Truck Rental

You have gotten the truck you decided on as the best bet for you. Chances are, you have never driven as large and seemingly unwieldy vehicle before. Here are some tips to get you on the road safely.

  • Look for road signs that relate to trucks. You’re driving a new vehicle and need to be vigilant for these things. Weigh station stops, lane restrictions and overhead clearances all apply to you now.
  • Be extra cautious in intersections. You are operating a much larger vehicle than you are no doubt used to.
  • Never tailgate and avoid making any sudden stops. Trucks need more time to stop, never mind the space needed.
  • Don’t try and pass any vehicle going faster than 40 mph, and never pass over hills or around curves.
  • On long trips, make sure you are taking adequate breaks. Stopping every 2 to 3 hours is the best to ensure you are fresh and alert.

This has been only a handful of tips for renting and driving a moving truck rental. Obviously, you will know best what works for your individual needs. But hopefully with this primer in mind, you will have a better idea of what you will need. If, meanwhile, you need a storage unit contact us and we will get you squared away.

Do I Need Insurance for Self-Storage?

do I need insurance for self-storage?

And…. we’re back with the final blog of September. This month we have covered a variety of topics from a handful of different tips for storage as well as the ins and outs of motorcycle maintenance for long term storage. We also like to spend our time together answering questions we get regularly, and one of those is this: ‘Do I need insurance for my self-storage unit?”

When it comes to storing valuables (as surely anyone using a storage unit values them) self-storage is chosen because it is secure. Behind lock and key, surveillance, gates and a whole lot more. But locks, cameras, and fences don’t protect against natural disasters, particularly bad storms, or anything like that. That’s where insurance comes in.

Insurance, briefly, will cover your belongings in the case of some unforeseen catastrophe. Your belongings might not survive the terrible storm, but because you have a policy you can rest easy knowing that you will be able to file a claim with the company and reacquire the items you need.

Do you need insurance for self-storage? That depends. In some contracts, the facility may provide what is called a ‘protection plan.’ This is essentially a clause that states that for the money paid monthly, the storage facility will step in and cover in case of damages. These are not the norm however and they certainly aren’t as air tight as insurance.

Just like renters’ insurance, getting coverage of your self storage unit involves having a detailed and evaluated inventory of the goods you have in the space. This is easier done when first packing your belongings for storage. Once you have that inventory in hand it’s time to call up your home/auto insurance provider who are likely to have services to cover storage which can save you a buck as you bundle them.

With that insurance coverage provided, you will now be able to fully relax knowing that your belongings are not only secure from theft but whatever else Mother Nature might decide to throw your storage unit’s way. With an accurate, adequate policy should disaster strike you will save a lot of heartache and a whole load of headaches.

So, while having insurance is not required for your self storage unit necessarily (some facilities do have differing policies on this) it is just a smart precaution to always be prepared and cover any possibility. Need a unit before you invest in insurance? Contact us and let’s get you the storage space you need.

 

The Ins and Outs of Motorcycle Storage

Welcome back to the Albuquerque Self Storage Blog, where we cover all the news that’s fit to store -we’ve made that joke before haven’t we? Moving on, we cover all sorts of tips from moving and packing to how to store your belongings safely This entry on our blog is no different, it’s something we have covered before but it bears repeating especially in our new longer format. Without further ado, it is motorcycle storage time again.

motorcycle storage

The Ins and Outs of Motorcycle Storage

While the weather here in Albuquerque has motorcycle enthusiasts on the road year-round, there are still times when storing your bike may be a necessity. Whether you’re vacationing, or clearing out your garage of your several project bikes, the extra space afford by a self-storage unit can save you the headache. However, depending on how long you are storing these bikes, you will want to come back to a functioning vehicle! Follow these steps to ensure that you bike is ready to ride whenever you come back to it.

  1. Clean the Bike

When you are getting ready to store your motorcycle, take the time to ensure everything is sitting in tip top shape. Any gunk or debris that is left to sit will only become harder to get clean when you come back for it, or worse cause damage to the paint, metal or other surfaces on your bike.

  1. Tend the Battery

Batteries don’t like to be left sitting it turns out. If you are worried about the battery getting cold you should make sure its fully charged and pull the battery, then keep it somewhere warm (but not too warm of course).  Another option is to leave your battery in the bike but hook up a battery tender which will keep the battery charged and ready. This is especially handy if you might stop in and pick up the bike for a short ride.

  1. Fuel and Oil

If the tank is empty you need to fill that bad boy up, lest the space in the tank invite condensation. As soon as condensation begins to form the chance for more damage (say to your carburetors for instance!) rockets so best to avoid that.

When it comes to oil you gotta swap out the dirty, old oil for fresh stuff. Oil breaks down as it used and the acid levels fluctuate in such a manner as to break down internal pieces on the bike. Dirty oil also has accumulated particulates that when left to sit for months can make the whole thing harder to change out when the time comes to get riding again.

  1. Prop it Up

Letting your bike rest on its tires for long stretches is a sure-fire way to ruin the tires, especially in the cold or if the tires are already low and flat. By putting the bike up on a stand you’ll be saving the tires and he suspension as well so go ahead and get yourself a service stand.

With all this sorted, your bike should be perfectly ready to ride once you are ready for it. Just remember to put those wheels on first! If you need a storage facility for your ride, contact us and we’ll get you into one of your units, where even a small 4×6 will do the trick.

 

More Self Storage Tips

This past month on the Albuquerque Self Storage blog we have spent most of our time discussing the value of self storage, whether or not it is a good investment and the like. After those two entries, we have hopefully sold you on the value of self-storage units. Assuming so, let us go ahead and move on to the next bit of knowledge you’ll know doubt be looking for.  Here are some more self-storage tips to get you packing away your belongings with ease.

Self Storage Tips

  • Choose Your Facility
    • When settling on a facility make sure the company you will be entrusting to secure your belongings is worthy of that trust.
  • Consider More Than the Tag
    • The price of the storage unit might be exactly what you are looking for but that is not all there is to think on. Consider how close the unit is to your home or work, wherever you will be accessing it from the most frequently. What about security? IS the unit gated or have a 24/7 manager on site? If you value those specifics, it may be worth it to spend the extra few dollars elsewhere to have the peace of mind.
  • Evaluate the Environment
    • This really could be more of an addendum to the last point. Evaluate the environment you will be storing in. Albuquerque for instance has some of the best year-round weather in the US but not everyone is so lucky. Not to mention that even with those mild temps, occasionally it does get into the 90’s and if there are belongings that need to be kept out of the heat you will want to know just what they can handle. This evaluation will help you decide on what type of unit you need, maybe climate controlled is the way to go.
  • Insure Your Possessions
    • Whatever it is you are storing it is clearly valuable to you. If that is the case, then you should also be willing to get some insurance on your belongings. While units are secure, disasters or acts of god are particularly difficult to predict (go figure.) and if anything should happen if you are uninsured, it will be much harder to come back from.
  • Store Smart
    • The BIG tip. Storing your items effectively is the best thing you can do when it comes to using a storage unit. Throwing a bunch of stuff in a unit haphazardly is a quick way to run out of usable space. Instead make sure everything is stored in boxes or bins and stacked correctly, all organized efficiently. While you’re at it, make sure you know where everything is. Fragile items up top, while the heavy items sit on the floor, not on top of other less dense boxes. Then, make sure you have a way to access any area of the unit without too much box shuffling.

self storage tips organized shipping containers

Take these storage tips to heart and you’ll be using your unit in the best way possible.

Are Self Storage Units a Good Investment?

If you’re wondering if renting a storage unit to store some or all of your belongings is a good investment, or a sound idea, then search no longer! This blog will be giving you that information, crunching the numbers necessary to figure out if using a self-storage unit is worth the cost. Spoiler alert: It is.

are self storage units a good investment

Looking at our units for instance, they come in sizes of 4×6 (24 sq. ft.) up to 15×22 (330 sq. ft.) You can get that 330-sq. ft. for a reasonable cost – to determine current rates contact us here. For that same amount of space in your home it can cost hundreds of dollars in rent or mortgages a month! In fact, …

According to web real estate giant Zillow, the median price per square foot is $123. That’s per foot! Sure, this is listing price to buying a home, and the rental value per square foot will be a lot different but let’s stick to that number just as a reference, after all you are considering investments – investments mean long term!

Albuquerque Self-Storage, or any self-storage place for that matter, will be able to handily beat that price. Instead of looking for that home with a big enough garage or attic space, you can focus on all the extra living space that can be had for your buck.

Maybe you did not mean to look into self-storage being a good investment savings wise. If that is the case, you may be looking to find out if buying storage lots (as made famous by TV shows over the past decade) and flipping their contents is a good investment. As for that we can say a definite ‘If you’re lucky.’ The whole bidding on storage lots and reselling all the contents can earn you money but only if you have a shrewd eye for possible valuables and the haggling skills of a pro, and even then, you are almost guaranteed to have a few units be a bust. In that case, the financial benefit of self-storage is hardly a certainty.

While not fulfilling the classical definition of investments, according to economics, the money saved by using a storage unit as compared to a larger home or apartment makes it a handy money saving technique you can leverage to keep your wealth in your hands and not flowing frivolously to hold your stuff. With a more cost-effective living space at home you can take those savings and put them to work for you.

Self-Storage units, like any other resource, can be a great investment so long as you make them work for you, as a tool in your overall financial maneuvering. Keeping your same oversized place while moving your seasonal belongings to a unit can be great, but so can streamlining everything. With a little bit of work, we are certain you can get the most out of our storage solutions.

 

How Much is Self Storage Per Month, Really?

 

self storage per month

How much is self storage? What about per month? That answer is easily found and can be answered with a quick call here. These rates vary based on season and availability but generally stay within a set range.

Last time on the blog we discussed whether self storage was a worthwhile investment or not (we landed firmly on ‘It is’). In that discussion, we mentioned the price of square footage in an Albuquerque home at $123 per foot on average. That means by spending the money on a storage unit and freeing up your homes space, you are gaining valuable square feet in your home.  But what about things other than money? Esoterically…

How much is self storage per month worth?

A self storage per month is worth an entire extra room, grandma and grandpa can come down to visit and stay with you rather than at the Holiday Inn on the other side of town.  A self storage unit worth being able to park in your garage, no more adverse weather taking a toll on your car.  It is worth a home uncluttered from the many miscellany that we build up over our times in our homes. It is not that we are all hoarders or anything like that, far from it. We have a natural tendency to gather and accumulate. People get married. Couples have children. Everyone gets a new hobby. By and by we accumulate a wealth of possessions that while not extraneous, are not needed every minute of every day. A self-storage unit allows you to have everything you need readily on hand but not directly under foot.

A self storage unit keeps those important belongings that you want to keep safe under guarded attention and restricted access, making them often safer than at most people’s homes. When it comes to ‘out of sight, out of mind’ storage units deliver security to give you the peace of mind that your possessions are safe while they are not in the forefront of your mind.

So really, what self storage is worth – past the monthly dollar amount- depends on what value you place on the convenience and other benefits allowed by storing your belongings in a space other than your garage. You will not have a stuffed spare bedroom, catastrophic closets, spilling out on the floors of your living rooms etc. If you value having space to live in and not just to store things, then a self-storage unit is worth a whole heckuva lot.

Looking to take the leap and regain control of your home’s space? Contact us here and let us help you be the king/queen of your castle, we’ll watch the storage.

 

Get Ready for the New School Year with Self Storage

If you’re a college student or a parent of one, this post will be very beneficial to you. The stress of moving into or out of a dorm, apartment, or house can be overwhelming, but with self storage you can make your life easier. You never really realize how much stuff you have until it’s all packed up, and there’s a good chance you have too much stuff. And the last thing you want to do is cause an argument with your new roommate about the crowded mess in your new abode. Whether you’re wanting to store some smaller items like clothes, or larger items such as furniture, there is a self storage unit near your college campus that will fit your needs.

self storage for college students

Self storage is a great option for students that need extra storage for their items during the school year or even the summer. After the school year, many students go home for the summer break, however they don’t want to deal with the hassle of moving their stuff all the way home if they’re just going to move right back in three months. Renting a self storage unit will save you from unnecessary moving costs, shipping items and most importantly, your valuable time. You could even share a storage unit with a roommate or friend for a more cost effective solution.

Here are some items to consider storing to free up some space.

  • Old textbooks – who knows you might need these down the road, or you can sell them to get some extra cash
  • Seasonal clothes – there’s a good chance that if you live in a hot climate, you’re not going to be needing your warm winter parkas or snow boots for most of the year. Same goes for your a cold climate, leave your bathing suits and short shorts in storage. If you need to go grab your seasonal clothing, you always go pick those items up at your own convenience.
  • Your vehicle – you don’t want to drive your car hundreds or thousands of miles back home if you don’t have to. Store your vehicle for summer/winter break or during your study abroad trip.

To avoid having to pay peak prices for your storage unit during the high season when students are moving out, lock in a unit before the spring and summer months. You might even consider renting a climate controlled storage unit if your campus is located in an area that gets hot and humid during the summer. Though these types of storage units are more expensive, your items will be better protected from the effects of climate.

Check out more tips for self storage units for college students.

College students who are planning on moving out for the summer or taking a semester long study abroad trip are the perfect candidates for self storage. Plus your parents will be so proud of you for being organized and appreciate not having to move your stuff. If you are interested in self storage please contact us with any questions.

 

How to Pack a Storage Unit?

You’ve figured out the size of unit you need. You have called ahead and booked one, choosing to go with a month-to-month lease, not sure how long you need the unit for. But now that you’re staring at the void of space you wonder: that perennial question.  How best to store your belongings in a unit, how to stack, arrange and pack your stuff to avoid damage or death. Welcome back to the Albuquerque Self-Storage blog where we have been giving you all the info fit to hold onto and store. This time we are looking at the best practices when it comes to filling up that unit!

  • Use Correct Boxes
    • Larger boxes should be filled with light smaller items while smaller boxes filled with heavy items. This will make the moving of the boxes leagues easier.
  • Label the Box
    • No duh right? Seems like a no brainer, but when you’re digging through your boxes looking for that stupid toaster oven YOU KNOW you packed, well you’ll wish you had.
  • Load the Box
    • When packing the boxes, make sure the heavier items are on the bottom of the box and never heavier than you can lift.
  • Keep the Parts
    • Any bed frames or other furniture that can be disassembled should be. It’ll save loads of room and then bag up the hardware and tape it to the furniture so you don’t lose them.
  • Big on Bottom
    • The heavier or bulkier an item, the closer to the floor it goes. You don’t want to risk anything heavy falling on anyone looking for something.
  • Use the Space
    • Storage units are often tall, often up to 8’! You’re paying for that space so why not use it? By arranging heavy boxes at the bottom and lighter as you go up you can safely stack more in the unit and better utilize space.
  • Frequently Used Objects
    • Any items you expect to be needing frequently should be gathered together and stored with ease of access in mind. Near the front of your unit, not under anything else.

We’ll catch you next time on the Albuquerque Self-Storage blog!

Finding Out Which Size Storage Unit You Need

The size storage unit you need will depend on what you will be using the storage space for, and we can help you determine that. Whether you are looking for a unit to store items from your studio apartment, 4-bedroom home, or commercial office space, we have the right size unit to suit your needs. To avoid getting something too large or too small, contact one of our self-storage professionals to find out what unit is right for you. The cost to rent will be determined once you choose the size and depending on how far in advance you choose to book. The sooner you contact us, the better rates you will get on your self-storage. In addition, we do give discounts if you pay in advance for 6 months or longer.

To give you a better idea of what exactly you can rent, here are the size units we have and what they can accommodate.

4 X 6 = 24 sq. ft. – Our smallest size storage unit is meant to hold electronics, bicycles, boxes, etc. If you are looking at storage for your residential home it can hold small furniture, files and boxes.  For a business, this size will fit 35 files, boxes and any other excess inventory.

6 x 11 = 66 sq. ft. – If you’re looking for a storage space for items in your studio apartment, this size unit could be the right fit for you. It is meant for a residential studio or one bedroom apartment or your business office equipment and inventory.

10 x 11 = 110 sq. ft. –  The next size up is meant for storage of items in a two-bedroom residential apartment. This size storage unit is also perfect for a business looking for enough room to store 2 office spaces plus boxes.

10 x 22 = 220 sq. ft. –  This is one of our larger storage units and can hold items from a three-bedroom house plus garage items. For a business, this size can store 3-4 office spaces, boxes, and equipment.

15 x 22 = 330 sq. ft. – Our largest storage unit can store items from 4+ bedroom house plus garage items. Business = 4 offices spaces, boxes, equipment.

If you’re still unsure which storage space is the right size for you, please do not hesitate to contact us for more details.