Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

The Highest Return Upgrade for Self Storage Owners

26 Mar 2026 · 1 min

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Self-storage owners should convert unused land into boat and RV parking. About 10% of current tenants own boats or RVs, and you already have the infrastructure, gate, and management system in place, making this the highest-return upgrade.

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If you own a self-storage facility with unused land, and a lot of facilities do, converting that acreage to boat and RV spaces is often the highest return use of that land. The site work and infrastructure cost is incremental because you already own the land and have the gate office and management infrastructure already in place, and your existing tenants are built-in market. 10% of them own a boat or an RV, right? And they're going to store with you if you start to offer that. If you're in a community and you own a self-storage facility, stop and think about whether you have unused land that could support boat and RV.