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When to consider immediate termination in self-storage & How to execute it

A recent post in a community forum for Inside Self Storage, which you can find here, got us thinking about what it takes for a self-storage owner/operator to immediately terminate a tenant. After all, a good tenant means regular rental income, and termination might feel uncomfortable. At Coastal Storage, we encourage owners and operators to […]

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Best Practices for Remotely Managed Self-Storage Operations

A common practice in self-storage is to remotely manage an existing operation, which means that there is no human presence on site 24/7. Remote management is ideal for smaller self-storage operations in rural areas. Remote management is ideal for owners with multiple properties. Generally, a large self-storage facility in a big city would not be

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Why You Should Focus on Hiring the Best Self-Storage Managers

The title of this article uses the word “best” to describe self-storage hires, but that adjective encompasses myriad traits like smart, reliable, proactive, dependable, consistent, productive, communicative, collaborative, and motivated. Does that describe someone you want to work with? It should. The “best” employees embody these qualities, and as a result, they bring immeasurable value

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Why Self-Storage Owners Should Focus on Niche Tenants: College Students

It’s April, and many college students are barreling fast toward the end of the school year. Moving out of a dorm room or apartment presents unique challenges to this demographic. Self-storage businesses are wise to provide a solution. Why should you market to the college student demographic? College students live in town for a temporary

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Self-Storage Tenants: Focus on Retention With Customer Appreciation

In the self-storage business, your tenants are your greatest asset. Tenants help to put your business on autopilot. Not that a smart owner would coast, but rather that a smart owner would focus on other aspects of the business if occupancy were at 88-90% without tenant issues. There are plenty of other things to worry

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Storage Auctions – Why Self-Storage Businesses Must Carefully Follow the Law

Storage auctions occur when a self-storage facility is forced to follow the steps to secure a lien against a tenant who has become delinquent on their rent. Generally, this is a long and costly process that most owner-operators prefer to avoid. When a tenant is unable to pay or fails to pay for whatever reason,

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NEW Argus Properties for Self-Storage Investors to See!

Sunco Storage – Marianna, Florida Coastal Storage is pleased to showcase this impressive property in Marianna, Florida. The Sunco Storage is a fully stabilized self-storage facility conveniently located along US-90. This established self-storage business is remotely managed with a solid historical performance. The self-storage business currently operates at a 94% occupancy rate. This property includes

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