Self Storage

Hurricane season takes up a lot of real estate in the annual calendar. From June 1 through November 30, most individuals along the southern coast of the US are aware of the risks of hurricanes. Local governments are often reminding everyone to be prepared and stay prepared. Your self-storage business requires that same preparation. Hurricane […]

Customers interact with businesses today differently than in the past. Today’s customer will begin their search not on a search engine, but on Facebook or Instagram. Using these social media platforms is not only important, it’s a must in 2020. Communication has changed a lot in the last 20 years, and continues to evolve. Advertising

When considering a self-storage investment property, two choices are available – build new or buy an existing property. Here are three things today’s savvy investor should consider before buying or building a storage property. Building There’s a lot that goes into building a new self-storage facility. Let’s work backward with the most important consideration of

While the wearing of masks to prevent the spread of COVID-19 seems uppermost on the minds of most Americans, hackers are a bigger threat to those in the self-storage industry. The resiliency of self-storage has proven to hold out during the pandemic, but cyber threats aren’t cyclical issues or once-in-a-lifetime events. Every business, large and

Maintaining high occupancy rates at a self-storage facility is often a matter of finding the right customer niche. If your area offers little in the way of self-storage that caters to high-end clients, you may want to consider attracting their business. Rental values are higher, which could offset any necessary investments in your self-storage property.

Self-storage properties have consistently been good investments, and the industry is an easy one for new investors to get on board with. Low overhead, sizable income potential, and low costs for ongoing site management are among the reasons self-storage has appeal for investors. Nationwide, it is estimated that there are between 45,000 and 60,000 facilities.

In 2020, most consumers will find a self-storage facility via online channels, according to the 2019 Self Storage Almanac. This represents a change from walk-ins, the leading method to choose rental storage space up until 2017. Consumers have shifted to online shopping for just about everything. So, it should come as no surprise that self-storage

Although the self-storage industry continues to have steady 7.7% annual growth since 2012, self-storage litigation is a potential drawback. A variety of legal issues can often catch self-storage owners unawares, which can be costly. With the right knowledge and follow-through to avoid liability, there’s every reason to cruise into the self-storage investment industry with confidence.

The self-storage industry continues to thrive, though owners may find themselves in need of more effective marketing strategies to rise above the competition. Improving your profit margin could be accomplished with a fresh marketing campaign, especially if you have recent facility upgrades to publicize. Should your flow of ideas run dry, the following tips for

The success of your self-storage facility largely depends on how well you meet the needs of clients in your area. There are many specific demands that you could focus on to gain long-term tenant loyalty, including climate-controlled and temperature-controlled units. The better you understand the difference between these two types of self-storage, the better equipped