Sometimes, the best investments are not the most glamorous ones. A great example of a successful but not-so-glamorous investment is in the self-storage industry.
In Marion County, Neighborhood Storage, is a deceptively large and profitable business. The company owns 18 storage properties of the estimated 37-55 in the area. The business was originally founded by John Rudnianyn in the late 70’s. Today, the day-to-day operations are lead by his son Todd, a Harvard Business School graduate and former investment banker. The company has grown steadily since 2005 by buying distressed properties and having a technological edge. The industry, which has garnered national attention from Bloomberg, proves to be a hot investment!