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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Small Operators Can Compete With REITs

In today’s ever-evolving self-storage climate, smaller operators have to compete with larger, better capitalized companies. With the advantage of better capital comes a substantial marketing budget, more locations, and a sizable management staff. How do the smaller operators adjust to be able to compete in this market? To understand the self storage market you must ...
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Why Investing in Self Storage is Red Hot

Self storage isn’t glamorous, it isn’t a mystical money-making machine, and it isn’t recession proof (but it is recession resistant). Unattractive warehouse-type buildings, filled with cubicles that are crowded with people’s possessions do not have the sex appeal of a high-end shopping mall or a luxury apartment complex. Nevertheless, these humdrum facilities have become big ...
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How to Work with Investors to Raise Capital for Self-Storage Deals

Investing in self-storage is an excellent option for the individual who is looking for asset class diversification through real estate investments. The advantage of self-storage investment is that it provides a more stable and predictable cash flow than a volatile stock market. The first step is to find a deal, after which you need to ...
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