Self Storage Rebounds and Remains Strong Post Pandemic

When the pandemic hit, there were questions about the future of the self storage industry. Instead of the expected decline, self storage saw higher than average growth. Occupancy rates and rents are currently seeing record highs as well as investor interest. To find out more about why self storage remains strong in a post-pandemic world, ...
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Crime Prevention Strategies for Self Storage Operators

As diligently as you work to deter crime, there are no guarantees that you can keep criminals away from your facilities. You certainly don’t have to make it easy for them. Actually, much of the criminal activity can be traced back to the tenants themselves. Due to the unstable economy brought on by the pandemic, ...
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Is a Third-Party Management Company Right for Your Self Storage Business?

People get into the self storage business for good reasons. Self storage provides a stable, predictable income stream, low maintenance, and low operating costs compared to other types of real estate assets. Additionally, self-storage is a historically safe asset class with long-term growth potential. There are, however, varied approaches to operating this type of business. ...
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Eight Key Economic Factors that Affect Self Storage Facility Value

If you’ve found a facility that looks like it would be the perfect acquisition to your portfolio, do you know what the key economic factors are that will affect potential value? Don’t invest your hard-earned money until you’re sure of the potential value of the property. Common indicators of self storage property values emerge from ...
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How to Optimize Your Tenant’s Self Storage Rental Experience

The core of your company’s success is the satisfaction of your customers. Happy, satisfied customers stay with you longer, and make your business profitable. Today’s self storage customers are demanding. They want the same ease of experience whether they’re renting a unit or paying their bill. Most customers want answers now, not tomorrow; and, the ...
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How Important is Climate-Controlled Self Storage to Owners?

Standard self storage works for most household and business items that you would generally store in your garage or attic. On the other hand, the popularity of storing luxury items, collectibles and antiques has increased the demand for climate-controlled storage.  As a facility owner or manager, it’s important to understand what your tenants expect from ...
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Four Self Storage Trends to Watch in 2021

Despite the challenges of 2020, the self storage industry has shown an ever increasing demand. According to a recently published Global Industry Analysts report the global market for self storage and moving services is estimated to be currently worth $80.8 billion. Potential investor returns are expected to grow at a rate of 6.6% year over ...
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The Best Time to Open a Self Storage Facility

You’re almost ready to open your first self-storage facility. This is an exciting time, but it’s also somewhat anxiety-producing. You’ve worked hard, and now it’s time to reap the rewards. Whether you’ve recently completed a ground-up facility or the renovation of an under-managed, under-enhanced and under-developed property , you’re probably wondering about the best time ...
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The Role of Cap Rates in Self Storage Investment

All types of individuals invest in self storage properties, and they are not all “numbers” people. Novice property owners can be mystified by the complexity of number crunching and analyses that a more experienced owner uses to buy or sell a self storage property. Nevertheless, it’s a good idea to understand some of the more ...
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