I’ve talked a lot about the benefits of self-storage over other types of commercial investment real estate. Usually, the benefits circle around the fact that self-storage is a steel wall and a concrete...
What Business Are Your In?
Are you in the self storage business? Are you getting in the self storage business? For a long time, I related to myself as someone in the self storage business. For a couple of years in the 1990’s I was someone getting in the self storage business. But really? Lets look at what business you are REALLY in.
Four Pitfalls To Watch Out For When Doing Self-Storage Conversions
It has become very popular in the self-storage industry today, to do conversions as an entry point into the business, or as a way to expand your self-storage business. I like them very much and wrote an article about it for Inside Self-Storage a few months ago....
Some Misconceptions About Kiosks in Self-Storage
One of the big trends in self-storage today is the use of a kiosk. There are a lot of self-storage companies that just use the kiosk and no onsite managers. In the old days, it was primarily just companies with smaller facilities. Now, there are many companies that...
State of The Self-Storage Industry
I want to take a few Episodes and share some of the take away I have from attending the Inside Self Storage Convention a few weeks ago in Las Vegas. We are now in an industry that is growing and evolving at a fast rate, and it is important to keep our finger on the...
Retargeting In Today’s Self-Storage Marketing
I know most of us to turn over the marketing of our self-storage facilities to vendors to handle because, for many of us, it is a world we don’t want to figure out. It is really like learning a foreign language. Add the leavers and dials needed for marketing, it seems...
How To Analyze A Self Storage Expansion
In today’s reality of an overbuilt market in many parts of the country, it is important that we have a good strategy as an entry point or an expansion point into the self-storage business. I have discussed conversions in detail over the past few months. If you are...
Interesting Statistics from Self-Storage Investor Survey | Last Part of 2018
I was reading an “Investor Survey” in the last half of 2018 provided by one of the large Commercial Real Estate companies. Not that these are exact numbers, but they do tend to point to a direction the industry is going. I have seen these surveys from three different...
How to Financially Analyze a Potential Self-Storage Conversion.
Let’s discuss how to financially analyze a potential self-storage conversion. In Episode 192 {Olivia, plz link to it} we discussed the benefits of doing a conversion in today’s current self-storage market conditions. I won’t go over them here, but for this episode, I...
What Makes A Good Self-Storage Feasibility Report?
If there was a self-storage soapbox, and I was standing on it, what you would have heard me say over the past few years was “Get a self-storage Feasibility Report!” Let’s discuss the feasibility reports. The first thing we should know about them is that we are very...
Free video series
Start with Mark's free 3-part video series
How Mark approaches finding, analyzing and getting into self storage, in three short videos.
Watch the free series