What happens when a storage tenant stops paying? #selfstorage #realestateinvesting #storagemoguls

And in most states, a tenant who stops paying can be auctioned in 45 days. There's some states that are less than that. There's some states that are more than that. That's significantly less than nine months, right? And honestly, the day after the auction, you're not going to spend $19,000, $35,000 prepping that unit to get ready for another someone to rent that storage unit again. It the auction winner comes and cleans out all the stuff. He leaves it empty, and then you or your boots on ground or your property management company comes in, blows it out, greases the wheels, and preps it for rental. And the next day, it, it's back on the market with a paying tenant in it. It's fantastic.