Featured Article

Feasibility Study: Don't Proceed Without It.

Once a developer has decided to get into the self-storage business, one of the initial steps involves finding a suitable site. But the final decision on whether to purchase the property or not, must come after a closer examination of the site, preferably by an independent third party. Why? Because a feasibility study, conducted by a professional, will provide an in-depth analysis... Read More >

 

The Future of Self Storage: Is The Run Over?

It has been amazing. Ownership of self-storage has been a dream. If you have owned a store for more than five years, you have seen the value skyrocket. Some of you resisted temptation to refinance at the highest level of leverage, others of you chose to "cash out" by refinance, and some of you fully cashed out with a sale. Cap rates have been very good to you. Buyers have been like capital, plentiful. Demand for self-storage continued to grow... Read More >

How to Make Money in Self Storage

There are really only three ways to make more money in self-storage, or for that matter, in any business you can call it. 1. INCREASE SALES REVENUE, 2. DECREASE EXPENSES, 3. CREATE EQUITY. Many self-storage operators run a "pretty lean ship" and would be hard-pressed to greatly decrease expenses. Creating equity can be subjected more to market influences than to the actions of the owner and may only realize benefits at the time of a capital event, such as a sale or refinance. This implies, then, that the fastest way to increase the bottom line... Read More >

Industry Partner News

First Solar Powered Self Storage Facility in North Carolina Opens at Security Self Storage

The first of its kind, green self storage facility in North Carolina has begun generating its electrical needs using solar photovoltaic panels. The 10 kilowatt, 20 foot pole mounted system is located at Security Self Storage on 3600 Tryon Rd. Raleigh, NC 27606...

Coming Up! Self Storage Events of 2008