by Mark Helm | Aug 14, 2020 | Buy Self Storage, Self Storage Management
I get tired of hearing about the “new reality” we are in due to COVID-19. I am sure many of you do too. However, in the world of self storage, as we try to figure out what works and does not work, let’s stay on the subject a little longer. What we did in 2019 to fill...
by Mark Helm | Jul 31, 2020 | Buy Self Storage
Before you dive into self storage ground-up development, it is always good to know other peoples’ mistakes. Fortunately for you today, if you are considering developing storage, I have made a lot of mistakes and can share my experience. I could have made this...
by Mark Helm | Jul 24, 2020 | Buy Self Storage
In today’s world, if you are getting in the self storage business, or growing your self storage business, you look at a lot of “Offering Memorandums” (OM). We have to develop a strategy for quickly figuring out which ones we should focus on and which...
by Mark Helm | Jul 17, 2020 | Build Self Storage, Buy Self Storage, Self Storage Management
I am beginning to re-think how I calculate lease-up in self storage projects. When I first entered into self storage in the mid-1990s as a broker helping a REIT find self storage, they used to assume 5% of their square footage per month would lease-up (wouldn’t...
by Mark Helm | Jul 3, 2020 | Buy Self Storage
I have said before about self storage, “Make data-driven decisions.” I try to do that. But it’s getting hard. Real hard, in my opinion. In my humble opinion, there are two big issues with data today in the self storage industry. The first is how it is collected, and...
by Mark Helm | Jun 12, 2020 | Buy Self Storage, Self Storage Management
As a real estate professional and a self storage owner/operator, I am now clear on two things that have emerged from the COVID-19: The office sector will never be the same. Self storage can be leased with minimal customer interaction. Office I am clear that as the...
