Mark Helm, Author at Creating Wealth Through Self Storage

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...

How to win in today’s competitive self storage market – Buy it? Build it? Or both?

by Mark Helm | Jan 15, 2016 | Buy Self Storage

“Self storage facilities are so expensive to buy today!” “I’m afraid to build a new one as my first facility.” “How can I get into this business?” In today’s competitive self storage market there is a way smaller investors, like us, can get in the business and...

$Taking the mystery out of the math: Building or Buying a Self Storage Facility$

Taking the mystery out of the math: Building or Buying a Self Storage Facility

by Mark Helm | Jan 8, 2016 | Build Self Storage

“They want HOW MUCH for their self storage facility?!” #x*!(*%! “Maybe we should just build one.” As the self storage market heats up, and prices keep getting higher and higher for existing self storage facilities, more and more people are leaning towards building new...