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If you have an empty storage unit, it’s worth a lot of money to you. I’m not talking about the unit itself. We’re talking about the contents of the unit!
You have thousands of dollars worth of items that are worthless in most circumstances. But they have value to you!
Why is that? Because they represent the hard work you put into your business! They are proof that you are making an effort to grow your business!
The problem is that these things aren’t worth much at all if you don’t have a place to store them. So, why not use your empty storage unit to turn a profit?
Renting Out Your Storage Unit
A lot of people have a storage unit, and they don’t even know it! If you have a storage unit that you aren’t using, it’s worth a lot to you.
You could make thousands of dollars every year just by renting it out. And that is just one way to make money with an empty storage unit!
The best way to get started with this is to see what people are paying for similar units in your area. Then you can find out how much your empty unit is worth. Then you can start negotiating a price with the potential renter.
Become a Neighbor Host: The easiest way to make money from home by storing vehicles and belongings.
Here are some questions that will help you determine the value of your empty storage unit:
- How much is the current rental on similar units in your area?
- How much will the renter pay?
- How many years are you going to let the renter use it?
- What are some of the other amenities that come with renting from you? (The more, the better!)
- How do you get paid?
- Are there any maintenance fees or insurance requirements for the unit that are not part of the rent? (You might want to include those in your rent.)
How Much Can You Make With an Empty Storage Unit?
I don’t know the answer to this question, but I have heard that it can be as much as $3,000 per year. There are lots of variables in this equation, so you’ll have to figure out the numbers for your specific situation.
You could make a lot more if you are renting out a bigger unit. But even with a small unit, you could make between $1,000 and $3,000 every year! That is a huge amount of money!
Make Thousands of Dollars Now
So, you have an empty storage unit. You could make thousands of dollars every year just by renting it out. There are a lot of different ways to do this, and the most profitable one is probably a combination of things.
You could buy your lockbox, put all your items in it, and then start charging people to store their stuff in the lockbox. You could also sell your old items on eBay, Craigslist, or other online marketplaces.
The great thing about having an empty storage unit is that it will allow you to try new things!
