Let me show you how you can create, let’s say, $292,000 additional value on your next self storage acquisition of, let’s say, a 365-unit self storage facility. This is real value from cash into your checking account. Let me explain. New to self storage? Start here:...

I recently gave a talk at the 2022 Inside Self-Storage Convention and was asked to write a follow-up article on Financial Literacy. The talk was titled “Reading Your Financial Story, Interpreting Your Self-Storage P & L’s And Other Financial Statements.” I am...

This is the final episode in a series on leadership development inside a self storage business. Remember, no matter where you are in your self storage journey, owning a portfolio of facilities, or just starting out. As you get into the business, you will be creating a...

In this third episode in the Self Storage Leadership Series, I want to talk about a trait an effective Leader has that has always been rather elusive to me… The Art of Delegation. I call it an art because it requires almost an intuitive skill, in my humble opinion. I...

As a self storage owner or soon-to-be owner, you are going to need the right team assembled. I discussed this in detail in Episode 331. We talked about the team members, the roles or spaces that we need to get covered, and the possible ways (hint: 3 different ways to...

After returning from the recent ISS 2022 Expo in Las Vegas, I am more convinced than ever that effective self storage leaders who are moving the needle in their companies and the industry itself are great storytellers. It does not matter how sophisticated someone is...

A lot of people I work with say they are getting into the Self Storage Business by such and such a date. When I read Stephen Covey’s “Seven Habits of Highly Effective People,” it was at a time early in my professional life when it made a real impact on me. Habit Two...

Nothing other than perhaps online marketing has risen as fast for self storage owners as property tax. And that number is much larger than the marketing cost. Let me share with you what we do. This could save you thousands of dollars per year! New to self storage?...

As I am looking at a self storage project, I have noticed that I am checking (1) apartment rent growth in the market and (2) housing demand. Let me show you what I am talking about. It affects equilibrium, in my opinion. New to self storage? Start here: Mark's free...

Given the tight nature of the self storage market, as small investors, we are searching for any idea, lead, or data point to help us get in or grow our self storage business. I read the industry papers as they come out. Recently, I read an industry report with a lot...