The following is a guest post by Big Yellow Self-Storage
No joke. In the UK, it’s estimated that around six households in every ten could be around £400 better off every month by renting out a spare room. That’s $650 for most of you reading this. What’s more, the only thing preventing these potential landlords from getting their hands on this cash was junk. Or clutter. In other words, stuff that could be sold, given away, trashed or put into long-term storage.
‘But I don’t want a lodger!’ I hear you say. Fair enough, but the there’s still a great case for getting ruthless and reclaiming that extra room at home.
You could set up in business.
Think about it. In terms of cost, the combination of a home office and a self storage unit to store stock, literature, tools or business archives beats shelling out for expensive commercial office space or warehousing hands down.
It really is that simple: self storage is cheaper than office space.
And with the right self storage facility, it’s also a lot easier to negotiate and totally hassle-free to live with. In the UK, for example, a sole trader making a living from buying and selling, gets a massive choice of unit size (10 – 5000 sq ft) and can store stuff for as little as seven days if necessary, availing themselves of the free use of pallet trucks and trolleys. Forklifts are available too. And there are no long term commitments, no complex leasing agreements for lawyers to pore over, no penalties for increasing or decreasing the space and – even better – no VAT, the UK equivalent of sales tax*.
In other words, it’s a no brainer. No wonder, then, that more and more self employed people are getting richer with self storage.
* sole trader example based on rental terms and options available at Big Yellow Self Storage