The Passive Owner is a real estate investor that is interested in self storage strictly for its benefits as an investment. This owner understands that the day to day operations of the facility are best left to professional, experienced operators in the self storage industry to achieve maximum returns.

This owner hires a fee management company to accomplish all tasks necessary to operate their facilities for a percentage of monthly facility revenue. This type of owner can have multiple real estate investments, not only in self storage, and may not have the time to focus on only one project.

This owner expects monthly reporting and disbursements as well as annual operating budgets for planning purposes.