It’s a common self-storage investing strategy these days: buying an older, run-down property and rehabilitating it physically and operationally to turn a profit. In fact, it’s how many new entrants find their way into the industry. For those who are willing to put in the time, investment and capital, it can reap great dividends. Real estate investor Kyle Grimm is hoping this will be the case for his latest venture. In this video, he takes you on a tour of a value-add site he recently purchased, sharing his plans for renovation and upgrades. Follow him on this journey and get ideas for your own diamond in the rough. If you like what he has to say here, you can also hear his advice for new self-storage owners in this complementary video.
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