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RV & Boat Storage is a growing segment of the self-storage industry, It was already popular in areas of the country like Houston, Texas; southern California, and Florida before 2020. During 2020, when purchases of RVs skyrocketed, new demand was generated for the storage of large toys like RVs and boats.  According to Forbes.com, “RV […]

The business of self-storage is one that we love. We are passionate about connecting investors with properties that will provide income and stability for years. Whether choosing to operate the business in person or as an absentee owner, it’s important to understand the legal issues surrounding self-storage in Florida. The Coastal Storage team works to

Multiple revenue sources in self-storage are essential for business growth. Rental income is the main source, but expanding revenue options is necessary. There are many ways to increase revenue at a self-storage. Let’s discuss some of the easiest revenue options now. Retail sales Offering supplies is a great way to generate additional revenue. Packing boxes

One of the best things self-storage owners can do is to help their customers store items properly and safely. When owners provide helpful advice on proper storage, customers feel less stress about storing their treasures at a business. One item that is important to assist customers with is batteries. Consider the number of batteries that

A self-storage business that lacks strong security will not be a great self-storage business for long. Eventually, customers will suffer a loss that leads them to other places to store their treasured items. Today’s clients need storage for business inventory, personal possessions, and other valuable items that would be devastating to lose or find damaged.

Selling a self-storage business requires the same careful thought put into acquisition. When purchasing a self-storage, it’s important to consider location, physical assets, units available, income, profitability, and even room for growth . These items are still important; however, there is more to consider when selling a self-storage property. Let’s cover three things to consider

According to sparefoot.com, there are over 52,000 self-storage businesses in operation today. Current statistics indicate that 14.6 million American households utilize self-storage for their belongings which is equal to about 11% of American families. Many self-storage businesses operate at or near capacity. The self-storage industry is a great investment. It provides steady, predictable revenue. If

Every business faces legal challenges. Some legal issues are more common in self-storage than in other industries. The most important first step to being prepared for legal issues is to work with a trusted lawyer before a problem arises. Preparedness is the key so issues can be avoided and dealt with quickly should the need

At a self-storage facility, rent is the main revenue source. There are additional items to sell or offer in a self-storage business, but rent is the bread and butter. It’s important to remain competitive and conduct rent audits periodically to keep your prices affordable and in line with other businesses. Currently, a search for self-storage

If going green is a priority to a self-storage owner, consider these ideas on your next self-storage development project. While self-storage facilities are already fairly environmentally friendly, it’s easier to design a new build with LEED certification in mind. According to Architecture 2030, “The built environment is responsible for about 42% of annual global CO2