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, ...
Read more

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, ...
Read more

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. ...
Read more

Will a Cost Segregation Study Benefit My Self Storage Property?

Cost segregation is a strategy that self storage owners and operators use to separate assets for tax saving purposes. The concept of cost segregation is not complicated. However, the implementation of the process is complex and should be conducted by a team of experienced engineers. A more complete definition of cost segregation, according to Heidi ...
Read more

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 ...
Read more

Prepare Your Self Storage Facility Managers for the Busy Season

The self storage busy season is just beginning. If you haven’t thought about it already, now is the time to make sure that both your seasoned and new managers are ready. Facility managers need to be on track to tackle the ever-changing landscape of the industry. Each year brings new challenges, and managers should be ...
Read more

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 ...
Read more

Role of an Operations Manager in a Self Storage Business

Operating a self-storage facility requires first-hand knowledge of how a business works and how operational processes impact the day-to-day functions of your company. Operations managers require skills in the distinct areas of running your self storage business.  An operations manager has to have a fundamental understanding of revenue management, sales, marketing, hiring, lien laws, and ...
Read more

Self Storage Will Remain Strong in 2021

Approximately one year ago, this country faced a corona virus outbreak that morphed into a global pandemic. It not only resulted in worldwide sickness and some loss of life, but had a  severe economic impact on the U.S. The imposed lockdowns forced the closing of restaurants and what were deemed as non-essential businesses, prompting the ...
Read more