Only one asset class has an average occupancy of 92% and outperformed other asset classes in 2021, self-storage. Self-storage can be a viable option for those looking for alternative investment opportunities. Self-storage can provide passive income, inflation protection (rates can change daily), and less tenant stress.
Self-storage used to be associated with something that only hoarders might need to use. Today, however, 40% of Americans rent a self-storage unit. In part due to typical life events, including the 4 D’s Death, Divorce, Downsizing, and Dislocation. The last 3 of these tend to increase during challenging economic times, such as a recession. Historically, homeowners with smaller homes used self-storage more, but the percentage of owners of larger homes is on the rise.
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