• Rodents, Rats and Mice— Oh My!
    Here are a few things you probably didn’t know about rodents: An average-size rat can squeeze through a gap about the width of your pinky finger, an adult mouse through a gap the thickness of this magazine. A healthy female rat can give birth to six litters per year, with ...More
    November 1, 2003 Ken Berquist Posted in Articles
  • The Self-Storage Joint Venture
    Recent stock market meltdowns have caused investors many sleepless nights. Overnight, they find an earthquake in their IRA account. Years of saving for retirement are wiped out without warning. Yet the self-storage investment remains virtually undisturbed by perturbations ...More
    November 1, 2003 Jim Oakley Posted in Articles, Development, Finance
  • Refinancing $elf-$torage
    The adage goes, “Take Advantage When Opportunity Knocks.” I can easily say opportunity has been knocking. This summer, the interest rates reached the lowest levels in the last 45 Years (Before Self-Storage became a recognized industry). Fixed-rate mortgages, which are based ...More
    November 1, 2003 Neal Gussis Posted in Articles, Finance
  • Construction Corner
    Construction Corner is a Q&A column committed to answering reader-submitted questions regarding construction and development. Inquiries may be sent to construction@ministorage.com. Q: I own a storage facility with multiple buildings, the newest of which is actually ...More
    November 1, 2003 Posted in Articles, Technology
  • Interest-Rate Trends
    If you’re a self-storage owner, here’s a question you may not be answering correctly: What is my largest expense item? The answer is typically either payroll or property taxes. In actuality, for many owners, it is interest expense. Here’s the point: Interest expense and ...More
    November 1, 2003 Bill Walton Posted in Articles, Finance
  • Charting Your Course for 2004
    As we approach the end of another year, it’s important to look forward and prepare to make next year our best ever. Whether your goal is to buy your first storage facility, expand your business, sell your portfolio, or distribute a new product or service, this article will ...More
    November 1, 2003 Scott Duffy Posted in Articles
  • Storing For Hope
    Airline Ambassadors, a nonprofit organization that provides humanitarian aid around the world, has always relied on the generosity of others to provide free storage to warehouse and track its many donations. When they learned they would lose precious storage space last ...More
    November 1, 2003 Amy Campbell Posted in Articles
  • Back to the Basics!
    As I travel around the country, I continually drop in on self-storage facilities. As you might expect, I see the good, the bad and the ugly. There are some incredibly well-managed facilities, and those that need a complete marketing overhaul. Those that do it right ...More
    November 1, 2003 Fred Gleeck Posted in Articles
  • Compiling Your Loan Package
    The loan-approval process can differ from lender to lender, but one thing is consistent: First impressions are lasting. The key to any business meeting is the initial presentation, whether it be physical appearance or quality of information or both. The following is an ...More
    November 1, 2003 David Smyle Posted in Articles, Finance
  • The Worm Has Turned
    Low interest rates have been the best friend a self-storage owner could have over the last couple of years. It now appears the long, downward trend in interest rates has turned and is beginning to head upward. It was a great ride on the way down, and the relative value of ...More
    November 1, 2003 Michael L. McCune Posted in Articles