In a booming economy, expendable income...
A Frequently Asked Question Self-storage facilities typically provide measurable value creation potential for an investor through income and risk...
Rehabbing Older Facilities Someone once said, “old places have soul”. They might have soul, but, if you are the owner of an older self-storage...
Over the past several years, due in part to increased competition, third-party management has become more of a necessity than an option—especially...
As the self-storage development cycle moves over the crest and onto the downward slope, the low-hanging fruit has been picked. Good sites remain,...
The ABCs Of Revenue Management For Small Operators There are a number of reasons to improve revenue and profits. Here are just a few that should be...
The Advantages Of Non-Recourse Bridge Financing At Certificate Of Occupancy Construction lenders are not a dime a dozen, and good ones are extremely...
Are You A Great Leader? “The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether...
Is There A Threat of Overbuilding? Charles Plunkett, president of CAPCO Steel, has specialized in self-storage construction for the past 32 years;...
New Development Within The 10-Mile Radius After many years of a robust transactional market, the self-storage industry has slowly taken a U-turn...
Helping Customers In Distress Upon recently returning to the U.S. from a vacation, I immediately received a text message on my cell phone that had...
Retailers Grapple With Costly POS Upgrades Shoppers love credit cards for quick and easy purchases. Retailers? Not so much. One big problem is...
The 2017 Financial Forecast Without a doubt, the past few years have brought about record-breaking numbers for the self-storage industry—from...
Over the past several years, consolidation has become somewhat of a buzzword among self-storage owners and operators. Speculations abound about how...
Private Equity Positioned To Soar Into Storage Sector Political changes in Washington, D.C., combined with the Federal Reserve Bank’s expectation to...
Self-Storage In The Big Easy New Orleans is considered to be one of the most unique cities in the world. From the French Quarter and the food to the...
Why You Should Keep The Pedal To The Metal As occupancy levels across the self-storage industry continue to traverse all-time highs, there has been...
Dealing With The Return Of Personal Property The situation is not that uncommon. At the conclusion of a lien sale, the high bidder will walk into...
It’s Happening With Or Without You When Cindy (who asked us not to use her last name) placed many of her belongings in a self-storage facility...
Which Workers Are Overtime Eligible? As in many industries, employers in the self-storage business are being caught up in the wave of wage and hour...
Financing Amidst A Climate Of Rising Interest Rates In the wake of the presidential election and on the heels of the Fed’s first rate hike in almost...
Thanks to high occupancy rates, increasing residential development, and the improvement in the economy, the increase in new storage supply of 2016...
Being Proactive Before And After Disasters “Be Prepared” is the motto of the Girl Scouts and the Boy Scouts, and it should be yours, too. ...
Why You Need One Budget is a word many people find irksome. But when viewed in the context of running a business, a sound, comprehensive management...
Overbuilding Is Happening Now Imagine yourself as a dinner party guest 25 years ago, and the following questions had been posed: Who won the 1968...
Thousands Of ADA Compliance Claims Flood Phoenix California and some other states have dealt with multiple lawsuit filings related to the Americans...
Coming To Terms With Aging Storage Facilities As the self-storage industry matures, the 50,000-plus facilities that house customers’ contents are...
Financing Gauges Begin to Move Since the 2008 economic recession, self-storage owners have capitalized on a Federal Reserve Funds target rate of...
Industry Experience Adds Value If you are planning to sell your property, you may assume a commercial real estate broker is sufficient. But have you...
Why Tenants Should Sign New Leases For New Units The new tenant who rented a 5-by-10 unit last week is back in the office today looking flustered....
Following State Law Rules Although the expectation of having proceeds from a lien sale (defined as funds remaining from a sale after all outstanding...
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The self-storage industry has enjoyed years...