The Advantages of The Storage Shield Protection Plan

According to the Self-Storage Association, one out of every 10 households in America rents a self-storage unit. That means 10.8 million Americans are comfortable that their possessions are safe, secure, and well protected at their local self-storage facility. Despite these precautions, you want to be prepared for anything. Self-storage insurance is important, but a tenant ...
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Is Your Self Storage Business Insurance Portfolio Up to Date?

As a self storage operator, you face unique risks. Purchasing only the insurance basics is not enough. As the self-storage industry has evolved, so have the risks, and there are specialty coverages that need to be considered. If you don’t want to expose yourself to lawsuits and financial anguish, look into adding the following coverages ...
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Maximize Your Self-Storage Land Potential

As a self storage developer, do you feel that every square inch of land that you buy has to be covered with rentable space? Whether you’re purchasing an already-existing facility with an extra parcel of land attached or doing a ground-up development, do you have the mindset that building on every square foot will increase ...
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Increase Your Self Storage Revenue with Mass Relocatable Storage

Adding relocatable storage units to your facility’s unused or underutilized land is a great way to quickly generate additional income. They fit perfectly in large parking lots or unused Boat/RV spaces helping you to optimize your space and maximize revenue. Are you looking to increase your revenue? Is your occupancy at capacity? Do you need ...
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Self Storage Remains Recession Resistant During the Coronavirus Pandemic

The self-storage industry remains recession-resistant despite the residual effects of coronavirus. Even with the economy in a downturn, the industry is holding its own and operators and investors are projected to benefit in the coming months. According to the U.S. Small Business Administration, during the 2008 – 2010 recession, almost 1.4 million small businesses closed ...
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Is Your Self Storage Facility Capitalizing on Retail Sales?

Self storage is typically thought of as a service industry, providing secure storage units for people to store their residential and business belongings. But it can be more than that. The addition of retail merchandise to your facility provides you with great opportunities to increase your profitability as well as giving tenants and walk-in customers ...
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Questions For First Time Self Storage Investors

If you’re looking for an alternative real estate investment that will provide you with a stable, predictable income stream, minimal maintenance, and low operating costs, investigate self storage. The dollar per square foot that you’re getting on each unit is similar to what is earned on multi-family investments, and you don’t have to know how ...
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The Outlook for Self Storage is Optimistic During the Global Health Crisis

The coronavirus outbreak has mobilized the country into a collective mode of crisis management. Social distancing is the new buzzword. People are on their guard to keep a distance of six feet between themselves and other humans. Grocery stores have taped the floor in six foot increments so that shoppers maintain safe distance while waiting ...
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Underwriting Self-Storage Properties

Underwriting is the process used to determine the financial feasibility of an event such as the acquisition, refinance, recapitalization, construction, or expansion of a property. This process is integral to any real estate transaction and the product of the underwriting will be a primary decision making factor for every party involved, from the operator, to ...
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What You Need to Know About Self Storage Revenue Management

In the last five years the self-storage industry has seen significant growth. The market has shown an increase in the number of facilities, along with continuing shifts in conditions. Combined with multiple industry variables, these factors, if not managed properly, can have an adverse effect on profitability. The evolution in market conditions means that revenue ...
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