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Getting Started In Self Storage Series (1) – The Most Important Question

Getting Started In Self Storage Series (1) – The Most Important Question

by Mark Helm | Nov 15, 2019 | Getting Started In Self Storage Series, Self Storage Management, Self Storage Mindset

When I ask people why they are getting in the self storage business, I usually hear answers like: “It is a good sector.” “I hear it is doing well today.”  I often hear, “I thought about it a long time ago and wished I had then. Now I am...
How We May Re-Shape Our Self Storage Company As A Result Of The Self Storage Convention

How We May Re-Shape Our Self Storage Company As A Result Of The Self Storage Convention

by Mark Helm | Nov 8, 2019 | Self Storage Business Planning, Self Storage Management

In last week’s episode, I share a few things I learned from attending the Self Storage Association’s (SSA’s) national convention in Las Vegas. This week I want to share some of the things our company is exploring doing differently and implementing as a result of what...
Do You Know The Value of A Customer At Your Facility?

Do You Know The Value of A Customer At Your Facility?

by Mark Helm | Aug 19, 2019 | Self Storage Management, Self Storage Mindset

Self Storage is a retail play as much as a real estate play.   I know the majority of us come from a real estate background, but believe me, if we are going to make it in this business today, we had better start thinking like a retailer.   Or at least like a...

How Do I Know If A Market Is Overbuilt?

by Mark Helm | Aug 5, 2019 | Financial Analysis of Self Storage, Self Storage Management

Whatever city you are in, no matter where you go, you see new self-storage being built. Even people who have nothing to do with the industry, when they hear you are involved with self-storage in some way, will comment, “I see it going up everywhere.” All this leads us...
Is Self-Storage Over Building Catastrophic?

Is Self-Storage Over Building Catastrophic?

by Mark Helm | Jul 15, 2019 | Self Storage Management

Is Self-Storage Over Building Catastrophic? Well, I guess it depends. It depends on where you are in the country, where you are in your submarket, but mostly where you are in your lease-up or ownership cycle of the facility. Look, it is bound to happen to every...
How To Analyze A Conversion

How To Analyze A Conversion

by Mark Helm | Jun 15, 2019 | Buy Self Storage, Financial Analysis of Self Storage, Self Storage Management

I discussed in last weeks’ episode How To Analyze An Expansion self-storage opportunity. This week, lets look at a conversion. When we say conversion, what I mean is we take an existing vacant building and convert it to self-storage. In my opinion, in today’s market,...
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