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Has Lease Up Absorption for new Facilities or Expansions Slowed Down?

Has Lease Up Absorption for new Facilities or Expansions Slowed Down?

by Mark Helm | Jan 17, 2019 | Self Storage Management

There is no question about it. The self-storage industry has experienced a construction boom. As of Sept. 2018, units planned or under construction account for 9.3% of the existing inventory in the U.S. according to Yardi matrix. The most active markets amount the 31...
Steel Tariffs and The Self Storage Industry

Steel Tariffs and The Self Storage Industry

by Mark Helm | Jan 14, 2019 | Self Storage Business Planning

I have mentioned numerous times that the cost of construction has increased due to the steel tariffs that the person in the White House put in place last March 2018. Now no matter what your political beliefs are, how strong you feel, pros or cons about the person in...
The Four Main Benefits of Doing A Conversion To Get In The Self Storage Business

The Four Main Benefits of Doing A Conversion To Get In The Self Storage Business

by Mark Helm | Jan 3, 2019 | Buy Self Storage

Today, more than ever, I am convinced that conversion of an existing building into self-storage building is one of the best ways to get into the business. I am writing this at the end of 2018. Prices for existing self-storage are still very high. Anywhere from a 5.5%...
The Top Five Steps for Creating Your Best Self-Storage Year

The Top Five Steps for Creating Your Best Self-Storage Year

by Mark Helm | Dec 29, 2018 | Build Self Storage, Self Storage Business Planning, Self Storage Mindset

So here we are at the end of 2018 and getting ready for 2019. There are a lot of changes going on in the self-storage industry and 2018 was a pivotal year. For many of us it was a tough year for buying, but a good year if you were a seller. However, what’s important...
Five Books That Will Change Your Life & Lead To Self-Storage Success

Five Books That Will Change Your Life & Lead To Self-Storage Success

by Mark Helm | Dec 15, 2018 | Build Self Storage, Self Storage Mindset

I have worked with a lot of people helping them get in and/or grow their self-storage business. Here is what I have learned: knowing what to do and having a good strategy is important, but it really only accounts for about 20% of your success. Your mindset, your...
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