As self storage owners, we hear a lot about inflation today. What does it really mean for us? Well, in my opinion, it is a mixed bag. Let me share with you where I think it may help and hurt us so we can adjust accordingly. New to self storage? Start here: Mark's free...

Most people I work with getting in the self storage business are individuals who think they are solo entrepreneurs getting in storage. It often takes a while to realize they are not. There is no way. Yes, you may not have employees or partners… but I guarantee you,...

Something was brought to my attention by someone whom I provide self storage coaching regarding the relationship between apartment rents and storage rents.  Specifically, this relationship can impact demand for self storage in a market area. Said another way, how this...

This is the fourth and final episode in a series titled Practices For Self Storage Entrepreneurs to Develop Series. Given the state of the self storage industry today and the unique challenges, I thought I would share some of the best habits, mindsets, or “practices”...

This is the third episode in a series titled Practices For Self Storage Entrepreneurs To Develop Series. The older I get, the more I realize how life can occur like a contradiction. Let’s discuss what may sound like another contradiction on the surface but really...

This is the second episode in a series titled Practices for Self Storage Entrepreneurs to Develop Series. Given how fast we have to move to control storage opportunities in today's world, I think a few ideas on best practices could be helpful. In last week's episode...

Practice One: Specialize…Don't Diversify The investment world tells us to diversify, don’t put all your eggs in one basket. I guess that’s good advice if you are a passive investor. However, I am very leery of “investment advisors, “who are usually the ones telling...

This is the final episode in the Back To The Basics Series. In the past three episodes, we have been discussing the challenges or problems we as small investors face and the solutions to each. Each solution creates the seeds of the next challenge. In the last episode,...

In this Back To The Basics Series, we have discussed two of the challenges small investors face today getting in self storage and their solutions. Today we discuss how to find the right deals and show an example of someone who did. We will also discuss the upcoming...

In our last episode, we briefly discussed the current landscape the small investor bumps up against while getting into the business today. Big money chasing storage keeping prices very high, making it harder to compete for deals. We also discussed the solution. If you...