As I write this episode in 3ed quarter of 2023, we live in the shadow of many big self-storage facilities. Lots of it. Over the past eight years or so, there have been a lot of: REITs have expanded their...
Self-Storage Managers in the Day of Automation
Yes, I have a facility where there is no manager. Automation has allowed that. But, for the most part, projects I have been involved in have managers. I like managers. I like the level of customer...
Unlocking Opportunities: Navigating the Current Landscape of Distressed Self-Storage Investments
Yes, I am seeing more distressed self-storage being marketed. It is actually something I didn’t see very often early in my career. I can remember telling people things like, “If you see a distressed...
Distressed Self Storage Opportunities
I’m starting to see the distressed self-storage listings. I said they were most likely coming, and I am starting to see a trickle of them, soon to be more. Keep your eyes open....
A Different Approach to Using Google Marketing to Attract Customers
When coaching people on their self-storage journey, I often say, “I reserve the right to be wrong.” I am going to say that here as well. Anything I say in this episode could be wrong, and I may change my...
Innovations in Self Storage: Leveraging Automation and Innovations for Growth
A lot has changed since I first dipped my toes into the self-storage waters in 1995. Perhaps the most interesting and fast-paced changes have revolved around tech innovations. Not all tech innovations...
My Philosophy on Site Selection and Feasibility Analysis for Self-Storage Facilities
I hear it almost daily from someone, "I see self-storage facilities everywhere." If you're considering entering the self-storage industry, or for those of us in it and growing our business, one of the...
Exit Strategies and Valuation: Preparing for a Successful Sale of Your Self Storage Facility
We talk a lot about buying self storage in these episodes. Let’s discuss selling. Believe it or not, there is a skill to successfully selling a self storage project and maximizing your returns yields for...
Headache Averted: 5 Lessons Most Self-Storage Operators Learn the Hard Way (But Not You)
There is one big benefit from having been in and around the self storage business for almost 30 years ( in other words being old). You learn some lessons you did not and could not have known when you...
Join Your State Self Storage Association (At Least)
If you live in Indiana, did you know the default time for assessing a late penalty and denying tenants access to their units has been shortened? Did you know Indiana, the time period has been shortened...
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