If you had asked me in the 1990s or early 2000s how technology is impacting the self-storage business, I would have asked “What technology?” “Storage is a concrete floor, a steel wall, and a roll-up...
Netflix, Self-Storage, and Revenue Management
Go with me for a minute. We will discuss self-storage brand loyalty, self-storage revenue management, and customer value. But let's start with Netflix. I saw Netflix on my credit card statement...
Planning a Self-Storage Re-Fi? Here’s Why Understanding Valuations is Crucial
If you took a loan or purchased your self-storage facility around 2018 and it is time to refinance, you better understand where you will stand with a bank. I suggest doing this before calling a lender. I...
Why I Think the Human Touch Still Matters
In the self-storage world, there is a lot of momentum towards fully automated facilities, no matter what the size of the project. I am not here to say that is the wrong direction. I even am involved in...
Now Is the Time… Time to Get Rid of Sq. Ft. Per Capita Once and for All as the Metric for Self-Storage Supply Demand Calculations
It seems like once a year or so; I get on a soap box and rail about sq. ft. per capita as the primary measurement for self-storage supply demand calculations. https://youtu.be/TCAy080u1Jo Just some of...
If I Could Only Do One Type of Self-Storage Project, It Would Be….
I was thinking the other day, asking myself the question, “If I could only do one more type of self-storage deal, what would it be?” I have been taught that it is the questions we ask ourselves that...
How to Plan for Self-Storage Capital Expenditures
Perhaps one of the best advantages of self-storage is the very few ongoing capital expenditures that are required. It is one of the main reasons I was initially attracted to this asset class. As a...
Value Engineering Construction Mindset For The Small Self Storage Owner
As many of you know, I helped start a small construction company in order to Resolve a problem I was having, construction cost being extremely high today. I wish I could take credit for the name, but...
Why I Am Optimistic Today About Buying Self-Storage
It seems like there is a lot of wringing of hands and mashing of teeth when we talk about buying self-storage today. As I have said recently, it really takes something to buy self-storage or create a...
How to Analyze a Self-Storage Project With One Single Random Daily Close
Often, we deal directly with a seller when buying self-storage. Often, with listed property, we see a shiny OM (offering memorandum), and everything looks great. Then we see the other due diligence...
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