Is Investing in Self Storage a Good Hedge Against Inflation?
Hedge Against Inflation Inflation was one of the biggest stories of 2022. American consumers have been enduring price increases the likes of which they hadn’t seen since the late 1970s and early 1980s. The Consumer Price Index (CPI) has remained relatively elevated. October’s CPI at 7.7 percent showed a slight decrease from 8.2 percent in ...
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Is There a Typical Self Storage Investor?
Americans are huge consumers. They love to buy stuff. When they’ve spent a good portion of their lives accumulating all of this stuff, their storage space is exhausted. What do they do with the items they buy—the extra furniture that they no longer use, the boxes packed full of forgotten things, and the recreational vehicles ...
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How Smart Entry Technology Benefits Self Storage Tenants
For those of you who are not “digital natives” and want to function comfortably in the current “tech” environment, it’s important to understand smart technology. According to Netlingo, smart technology is: “A catch-all phrase for a wide variety of technology that is made possible by the convergence of two trends that will profoundly reshape the ...
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What You Need to Know to Get Started in Self Storage Investment
As investments go, self storage sounds humdrum. It’s not as sophisticated as a high-end shopping mall or an upscale restaurant. Nevertheless, this boring industry can be a sound investment that enables you to grow wealth with little capital outlay. Self storage investing is not only for the wealthy. It’s attracting single-family, multifamily, and commercial real ...
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Pinnacle Storage Properties Proudly Announces the Acquisition of Six Southeastern New Mexico Storage Facilities
Houston, TX – March 28, 2022 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of six self-storage properties in southeastern New Mexico. These properties are located in the business-friendly cities of Carlsbad, Artesia, and Eunice. These properties, formerly VIP Self Storage of Carlsbad, are located at 4615 National Park Hwy in ...
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Technology Trends in the Self Storage Industry
At first glance, warehouse-type buildings filled with cubicles that are crowded with people’s possessions don’t bring technology-based systems to mind. As far as some owners are concerned, a successful self-storage facility’s needs are basic: perimeter fencing, good locks on the storage units, and secure electronic access. Add an onsite manager to the mix and you’re ...
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Pinnacle Storage Properties Proudly Announces The Acquisition Of Storage Plus Of Beaumont
Houston, TX – February 10, 2022 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of another Texas self-storage property, Storage Plus of Beaumont. This represents the 28th addition to date. Storage Plus of Beaumont, formerly Condon’s Mini Storage, is located at 7995 College St, Beaumont, TX 77707 and contains 26,000 net ...
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What to Expect From the Self Storage Industry in 2022
Despite the uncertainty of the past two years, self storage continues to experience extraordinary growth. Industry numbers took a downturn during the first half of 2020, but have shown record-setting increases since that time. Occupancy and rental rates are both at all-time highs. Given this stellar growth, the question is whether or not self storage ...
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The Best Way to Handle Tenant Delinquencies
In a perfect world, tenant delinquencies would not exist. As a self storage owner, you would never have to make collections a part of the daily routine. You wouldn’t have to send payment reminders and educate yourself on self-storage laws relating to collections, to say nothing of your lost sleep because delinquencies are shrinking your ...
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