Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Tom Dunkel Discusses Benefits of Business Self Storage Investment

Name: Tom Dunkel Discusses Benefits of Business Self Storage Investment
Uploaded: 2023-12-02T16:03:08+00:00
Duration: 54 s
Channel: Wayne Courreges III
Description: This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "Tom Dunkel…

2 Dec 2023 · 1 min

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This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "Tom Dunkel Discusses Benefits of Business Self Storage Investment" (created December 2, 2023). It features a single speaker (Tom Dunkel) describing the business-storage niche within self-storage—noting that about 80% of customers at a facility are contractors (plumbers, landscapers, electricians) who store vehicles, equipment, and materials; these tenants tend to pay on time, accept higher rents, and stay long-term (data cited shows ~60%+ have been there longer than four years).

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We're super excited about the business storage niche within the greater self storage niche is that 80% of the customers at this facility were contractors. You know, they're plumbers, they're landscape guys, they're electricians. You know, they need a place to store their, you know, park their truck, park their van, store their equipment, their materials. And so what we found was that those customers are gold because they are running their business. It's their livelihood out of this unit. So, you know, they're going to pay you on time and because it is part of their business and whatnot, you know, we're likely able to get a higher rent for that kind of unit and they're going to stick around for a while. So they're going to be at this facility for a long time. And the data is showing us there that I think 60 or more percent of the customers there have been there longer than four years.