Mark Helm, Author at Creating Wealth Through Self Storage

Is It Time to Be Cautious About Building New Self Storage?

by Mark Helm | Jul 29, 2018 | Build Self Storage

I don’t have a crystal ball to look into the future and see what is coming for the self storage industry. But I don’t think I need one either. We are moving into the “hyper supply” phase of the economic cycle in many markets. If you are not sure what that means, click...

How To Create A Winning Self Storage Strategy: Begin With The End In Mind

by Mark Helm | Jul 22, 2018 | Self Storage Business Planning

“Begin With The End In Mind.” Even my 10-year-old Grandson has learned this because his school teaches the Seven Habits of Highly Successful People by Steven Covey. “Beginning with the end in mind” is Habit #2 of Steven Covey’s book. It is also a very...

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...