Self Storage Industry Economic Trends to Watch for in 2024
Looking ahead to 2024, it’s vital to understand the economic landscape and its potential impact on the self-storage industry. Last year saw surging inflation, astronomical interest rates, and a housing market slump. These factors have rippled through various sectors, including self-storage. To better understand how the self-storage industry might weather the coming year, it’s critical ...
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Self Storage Industry Trends for 2024
Industry Trends Over the years, the self-storage industry has stayed promising because families continue to grow and acquire more possessions. Not only are households using self storage, but all types of businesses continue to need space for inventory and supplies. As the industry evolves, self-storage investors and operators need to stay ahead of the curve. ...
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Getting Your Property Zoned for a Self Storage Facility
So, you’ve got this piece of property or vacant building in a desirable area. Your sights are set on turning it into a self storage facility. That’s awesome! But wait, before you get too excited, there’s a crucial step you need to tackle first: zoning. Zoning for self storage is an adventure in itself. To ...
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How to Create a Positive Work Culture in Your Self Storage Facility
Creating a positive and productive work environment is essential for a company’s success. A culture of positivity not only improves employee morale but enhances customer experience. So, how can you foster a happy and productive environment in your self storage facility? It’s important to note that 78% of employees spend more time with coworkers than ...
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Self Storage Facility Design and Aesthetic Trends
Facility Design and Aesthetic Trends Gone are the days when self storage facilities were unattractive, warehouse-like spaces located on the outskirts of town. Today many storage facilities are moving into residential areas, necessitating a change in building design and aesthetics. Facility owners recognize the importance of creating an inviting, visually appealing environment. A well-designed facility ...
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What You Need to Know to Make a Wise Self Storage Investment
Self Storage Investment Self storage brings to mind images of unattractive, warehouse-type buildings filled with people’s belongings. They don’t have the charm of a luxury shopping mall or an exclusive restaurant, but they offer a solid investment opportunity. If you think self storage isn’t a rewarding investment option, think again. The appeal of self-storage investing ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ADDITION OF JEFF BATEMAN AS VICE PRESIDENT OF OPERATIONS
Houston, Texas, August 10, 2023 – Leading self-storage investment company, Houston, Texas-based Pinnacle Storage Properties is thrilled to announce the addition of Jeff Bateman as Vice President of Operations. Jeff will be responsible for establishing, implementing, and communicating the strategic direction of the organization’s operations division. He will collaborate with executive leadership to develop and ...
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Can I Use a Self-Directed IRA to Invest in Self Storage?
Invest in Self Storage Many investors are unaware that they can utilize the funds in their existing 401(k) accounts to invest in assets like commercial real estate through a Self-Directed IRA (SDIRA). With an SDIRA, investors have more flexibility and control over their retirement savings and investment choices. A self-directed IRA is a powerful tool. ...
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Self Storage Investing: Our Favorite New Book and Why You Should Read It
Self Storage Investing If you search Amazon for books related to the self storage industry, you’ll find more than enough. Most of them contain relevant information that will give you a comprehensive understanding of self storage. You’ll get the fundamentals of how to make money by investing in self storage properties but not much else. ...
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