Do You Really Know What You Need to Know About Your Facility?
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?
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
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
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...
Self Storage Teams at Their Best – Episode 34
If I have learned one thing, it is that it takes the leverage of other people to do great things. If you are going to do everything, try to not have partners or stake holders, hire people who only do what you tell them to and nothing else, and otherwise totally run the show, your world and business are going to be small.
