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Self Storage Is Everywhere – How Can I Possibly Make Money Building More Self Storage?

Self Storage Is Everywhere – How Can I Possibly Make Money Building More Self Storage?

by Mark Helm | Apr 30, 2016 | Financial Analysis of Self Storage

“Everywhere I go, I see self storage being built. Is it becoming over built?” Have you heard that? Have you thought that? It often looks like that to me. How do you, or would you, answer that question? I usually hear something like “Is there too much self storage...
Want to exponentially grow your self storage business next week? Viva Las Vegas!

Want to exponentially grow your self storage business next week? Viva Las Vegas!

by Mark Helm | Apr 23, 2016 | Self Storage Business Planning

I love this time of year. I love it for two reasons: (1) The Inside Self Storage Convention in Las Vegas and (2) the Kentucky Derby the first weekend in May. If you have never been to either you should go. Especially the convention. The underlying theme in all I share...
Self Storage Rent Increases: How To Keep Up With Market Pricing When It’s A Moving Target

Self Storage Rent Increases: How To Keep Up With Market Pricing When It’s A Moving Target

by Mark Helm | Apr 16, 2016 | Self Storage Management

How fast are self storage rent increases happening? Well it depends. It depends on your market, what size and so on. But the truth is, it has been hard for us to really tell accurately. Much of our competition uses the demand marketing model (where prices vary daily...
Self Storage Cost Segregation Depreciation – Why You REALLY Want to Know About It Before Tax Time Comes Around Again

Self Storage Cost Segregation Depreciation – Why You REALLY Want to Know About It Before Tax Time Comes Around Again

by Mark Helm | Apr 9, 2016 | Self Storage Business Planning

April 15th is coming up.  I don’t tend to fret over it like I used to. Two reasons I own self storage facilities and, We have had cost segregation reports completed on each one of them. Real Estate is perhaps the best way to minimize your tax liability. Because I (or...
Learn My New Answer to the Question:  Should I Buy Existing or Build New Self Storage

Learn My New Answer to the Question: Should I Buy Existing or Build New Self Storage

by Mark Helm | Apr 2, 2016 | Build Self Storage

I used to always tell someone new in the self storage business that they should purchase an existing facility first. Get your feet wet, learn the business, then if you really like it, build your second or third facility. I don’t say that anymore. Not today. Not with...
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