Over the past few years, I have been questioning if the standard measure we all use, how many square feet of self storage per person exists in a given trade area, is the best measure to determine the...
It’s Time to Create Next Year’s Budget & What Most Storage Owners Miss
It's that time of year. It's time to begin creating your 2022 self storage operating budget. I want to take a slightly different approach than most people. There are a lot of good articles out there on...
Begin With the End in Mind When Creating How You Will Get In or Grow Your Self Storage Business
I recently was on a panel discussion at the SIN Summit (Self Storage Investor Nation). One of the panel members was talking about Beginning With the End In Mind when it came to getting in (or growing)...
How to Use Some of Today’s Challenges to Your Advantage as You Buy Self Storage
As a small investor, are you sometimes wondering how in the world you can compete with all the bigger players buying up storage facilities in the market today? Just look at this random screen shop from...
Don’t Put Your Self Storage Dreams on Hold
It can be frustrating trying to get in or grow your self storage business. I know. I am experiencing it myself. We have been selling a lot of self storage. I have investors in most of my deals, and we...
How Parking Could Support You Today in Getting in Self Storage
Sometimes it is hard today to find deals that could work as you look at buying and getting in the self storage business. Let me give you an example of how parking can sometimes support you. I analyze...
How in the World Can I Buy Self Storage Today, Given the Prices?
It is challenging today to purchase existing self storage—no doubt about it. But can we small investors do so. And do it in a way that cash flows and gives us the returns we need? Yes, you absolutely...
Becoming Masterful at Reading Financial Statements in the Self Storage Business
Remember, according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn. And yes, the primary reason companies fail is they run out...
All Cash Is Not Created Equal
Remember, according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn. And yes, at surface level, the primary reason businesses...
What Your Profit & Loss Statement Doesn’t Tell You
It’s amazing how many of us in the self storage business don’t know much about financial statements and financial literacy. I had a big learning curve and still am not as strong as I could be. But then...
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