Mark Helm, Author at Creating Wealth Through Self Storage

Theory Vs Reality: The Life Cycle of a Self Storage Expansion Project

by Mark Helm | Jul 15, 2018 | Build Self Storage

“You can never lose money if you’re selling your self storage facility for a profit.” At least that is what I’m telling myself. We recently received an offer from a REIT on some of our self storage expansion projects and the value is what we...

How to Avoid Mistakes When Making Self Storage Projections

by Mark Helm | Jul 7, 2018 | Self Storage Management

We create a Proforma for every self storage project before putting it into service. If I’ve had one consistent success in the self storage business it has been hitting or beating the Net Operating Income (NOI) projection in these Proforma. This has been a big...

Theory vs Reality: Working with Investors to Buy Self Storage

by Mark Helm | Jun 29, 2018 | Buy Self Storage

Many of us in the self storage business work with investors. We use their money to buy self storage, and give them returns on their money in exchange for the use of it. We often agree to return all their money within a certain time period plus any unpaid...

How Self Storage Performs in a Recession

by Mark Helm | Jun 23, 2018 | Self Storage Management

When I saw how self storage worked, I fell in love with it. In the mid-1990’s I was a commercial real estate professional. I sold all kinds of investment real estate but I also had a company that focused on office building sales, leasing, and management. Our...

Are CAP Rates Going Up? How to Keep Your Self Storage Business Profitable

by Mark Helm | Jun 16, 2018 | Self Storage Management

Interest rates have gone up and will most likely continue to go up. That has an effect on the self storage industry. As we move into the “Hyper Supply” phase of the real estate cycle (click HERE for details on the phases of the cycle) one of the historic...