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 | Jun 26, 2020 | Self Storage Management
Let’s talk about online marketing for a self-storage facility. Let me start by saying I am not an “expert” in online marketing for self-storage facilities. But I have never worked with an “expert” that has generated any results period,...
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...
by Mark Helm | Apr 17, 2020 | Self Storage Management
We find ourselves in new territory in terms of running a self storage business in the age of COVID-19. We’ve made some decisions on how to run our self storage business during this “lock-down” time due to the COVID-19 pandemic. First of all, we do...
by Mark Helm | Mar 27, 2020 | Self Storage Management
It seems like there have been a lot of self storage facilities lately I have looked at with large amounts of non-paying tenants, or tenants paying an extremely low rent compared to street rate. Have you seen this lately? People I am working with ask why? Well, first...
by Mark Helm | Mar 6, 2020 | Buy Self Storage, Self Storage Management
There is no doubt about it; if you are in the self-storage business, there will be a moment in time when you ask the question,” Should I renovate my facility?” For many of us, it is when we are looking to purchase an older project, and we want to...
