Mark Helm, Author at Creating Wealth Through Self Storage

Do You Really Know What You Need to Know About Your Facility?

by Mark Helm | Feb 19, 2016 | Self Storage Management

Do you know one of the most meaningless numbers ever asked or ever told concerning your self storage facility? I hear about it every day. “How many units we have we leased?” “We’ve leased “X” units.” I know its interesting, and it does point to trends, but for...

The New Self Storage Strategy – How Do You Balance People vs Profit?

by Mark Helm | Feb 12, 2016 | Self Storage Management

There is a real revolution going on in the self storage industry these days. In an industry where the biggest innovation to date (climate controlled units) happened in the 1970’s, this is arguably the biggest development ever in the business landscape for self...

Profitability – it’s not about who you are or what you do – it’s who you hire

by Mark Helm | Feb 5, 2016 | Self Storage Management

As I said last week, if you keep you eyes on a few things in this business, you can create a lot of profitability. One of them is “Accounts Receivable”. This is what keeps the economic occupancy percentage and the physical occupancy percentage very close to each...

What do those numbers really mean? Keeping your Self Storage Facilities Healthy

by Mark Helm | Jan 29, 2016 | Self Storage Management

I often tell people “If you keep your eye on about 5 things, your self storage facilities can be a very profitable business.” Let’s discuss one of them. We started taking last week about the difference between physical occupancy and economic occupancy, but lets really...

The Secret To Self Storage Profitability. Hint: McDonalds does it.

by Mark Helm | Jan 21, 2016 | Self Storage Business Planning

“How could you buy that facility that was listed at a 5.2% CAP Rate?” “I didn’t” I say. “But look at what you paid. That is much closer to their list price than I could ever pay.” “OK, but it wasn’t a 5.2% CAP rate on my income stream! In fact I think I got a...