• Taking a Gamble on U.K. Self-Storage
    Las Vegas, the gambling capital of the world, makes its money against 50/50 odds. If you're at the Inside Self-Storage Expo in Las Vegas this year, don't lose too much money gambling—Europe's self-storage marketplace offers far better odds for success! But you can ...More
    February 1, 2003 Andrew Donaldson Posted in Articles
  • Valuation of Self-Storage Facilities
    Although the word "valuation" seems straightforward, thinking about the term will give us insight into ways of determining an accurate measure of value. The first question to ask is why someone wants to own a self-storage facility. The answer is almost always that they want ...More
    February 1, 2003 Michael L. McCune Posted in Articles
  • The LockCheck™ System
    CONDUCTING UNIT INVENTORIES AT MOST SELF-STORAGE STORES HAS ALWAYS BEEN A PAPER-AND-PEN TASK FOR MANAGERS. But now the entire process has been automated with the introduction of the LockCheckTM system by CheckMate Technology Corp., headed by self-storage industry veteran ...More
    February 1, 2003 Posted in Articles
  • Success as a Team Effort
    NOW THAT WE ARE INTO A NEW YEAR, IT'S TIME TO TAKE A GOOD LOOK at your facility's bottom line from 2002 and ask yourself some important questions. Did you achieve the goals you set for your facility? Did you perform your best? Did your management company work well with you? ...More
    February 1, 2003 Pamela Alton Posted in Articles
  • QuikStor
    SINCE 1987, QUIKSTOR HAS PROVIDED DEPENDABLE SECURITY AND SOFTWARE SOLUTIONS TO THE SELF-STORAGE INDUSTRY. The company offers a complete system that integrates security, management and marketing. Its proven lines of affordable, forward-looking products give businesses a ...More
    February 1, 2003 Posted in Articles, Technology
  • Preparing a Facility for Sale
    There comes a time in the life of every self-storage facility when its owner decides to sell. The reasons for selling can vary considerably from one owner to the next. It may be for estate planning, the acquisition or development of another facility, the dissolution of a ...More
    February 1, 2003 Rob Schick Posted in Articles
  • Specialized Insurance Coverages
    THE SELF-STORAGE INDUSTRY HAS UNDERGONE A SERIES of tremendous changes over the past two decades, evolving from a core group of small, mom-and-pop facilities to a large, powerful organization of professional business people. The rapid growth of the industry has further ...More
    February 1, 2003 Posted in Articles
  • 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. I own a carwash and would like to get into the storage business. What is the best way for ...More
    February 1, 2003 Posted in Articles, Technology
  • Purchasing Self-Storage
    You think you would like to buy a self-storage facility and are getting emotionally ready to make what could be the biggest purchase of your career. But unless you have bought and sold several facilities, you are walking into territory about which you know very little. This ...More
    February 1, 2003 Tron Jordheim Posted in Articles
  • Conducting a Feasibility Study
    Your stocks aren't performing as you would like and you've been told self-storage is a "cash cow," but you're relatively unfamiliar with the industry. How do you choose a property? How do you determine if it will be successful? A feasibility study will provide the initial ...More
    February 1, 2003 Stephan Ross Posted in Articles, Development