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Extra Space Storage
Extra Space Storage

Real estate / REIT Self storage

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Risks

1. Theft or property damage: Extra Space Storage facilities are not staffed and monitored 24/7, making it possible for unauthorized individuals to gain access to units. Additionally, items stored in the units may be damaged or stolen due to inadequate security measures.


2. Poor unit quality: The condition of an Extra Space Storage unit can deteriorate over time due to a number of factors, such as exposure to moisture or lack of adequate ventilation.


3. Excessive fees: Extra Space Storage charges additional fees for late payments, for letting items overstay their rental period, and for using a credit card to pay for the unit.


4. Difficulty retrieving items: If a unit is not easily accessible, it can be difficult to retrieve and leave items. Additionally, the facility may not have access to compatible moving equipment, which can make it difficult to move items.


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