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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...
You’re business strategy – 2 areas you need to address to manage your success

You’re business strategy – 2 areas you need to address to manage your success

by Mark Helm | Mar 26, 2016 | Self Storage Business Planning

As you are creating your business strategy, two central questions are: who is going to run the business? who is going to run the facility? The answer to the first is you! You are going to run the business. You’re creating it and it’s an extension of you. It’s your art...
Everyone talks about Self Storage CAP rates – do those numbers actually mean anything?

Everyone talks about Self Storage CAP rates – do those numbers actually mean anything?

by Mark Helm | Mar 19, 2016 | Self Storage Business Planning

I know this is close to heresy, but especially in the world of self storage, but…STOP USING CAP RATES. The way they are being used in marketing self storage today is misleading, bordering on fraudulent. Who should stop using them? Well most importantly, Buyers should...
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