• Budget Time
    THIS BEING MY LAST COLUMN OF 2002, IT'S A GOOD TIME for me to get on my soapbox about the involvement of managers and other key employees in a store's budget planning. Every chance I get, as I travel around the country, I talk about this subject with owners. In ...More
    November 1, 2002 Jim Chiswell Posted in Articles
  • Money Matters Made Easy
    From construction loans to refinance, this easy-reference guide will lead you through the process and help you negotiate the twists and turns of banking. Structure Your Deal Understand the type of loan you are seeking. Different kinds of loans mandate unique requirements of ...More
    November 1, 2002 Posted in Articles, Finance
  • The New Age of Access Control
    Do tenants have unrestricted access to any building once they enter your facility? Can thieves do the same if they follow a car through your entrance gate? Site security begins at your perimeter. High walls are cost-effective deterrents, but they draw attention to your ...More
    November 1, 2002 Doug Carner Posted in Articles, Technology
  • Michaels/Wilder Group
    Q: If a self-storage owner or manager wants help placing his Yellow Pages advertising, what should he look for in a consultant or agency? He needs to find a consultant/agency that focuses on helping him establish proper buying strategies. Anyone can place Yellow Pages ads. ...More
    November 1, 2002 Posted in Articles
  • Golden State Self Storage
    WHEN A FIRE OR TRAFFIC EMERGENCY OCCURS IN OR NEAR A SELF-STORAGE FACILITY, most would respond with a 9-1-1 call. But Golden State Self Storage in Santa Clarita, Calif., has gone one step further: The facility can instantly respond to emergencies with, not one, but two ...More
    November 1, 2002 Elaine Foxwell Posted in Articles
  • The Importance of European Storage Marketing
    To introduce the topic of marketing self-storage in Europe, let me share with you a scenario recently experienced throughout the continent. In 1957, the Treaty of Rome declared a common market as a European objective so that, despite broad differences in language, history ...More
    November 1, 2002 Kelly Gallacher Posted in Articles
  • The Sophistication of Self-Storage
    SELF-STORAGE PROPERTY, AS A SPECIALTY SECTOR IN THE REAL ESTATE INDUSTRY, remains an attractive asset class to those lenders and investors who understand the cash flow and counter-cyclical "safe haven" characteristics of the product. On a national basis, the industry ...More
    November 1, 2002 Thomas Lorenzini and Michael Buckley Posted in Articles, Finance
  • Financing for the Long Term
    If you have been thinking about buying or refinancing a self-storage facility, there has never been a better time to place long-term financing on your property. "Long Term" in the financing world is generally considered to be 10 years or longer, and long-term financing ...More
    November 1, 2002 David Smyle Posted in Articles, Finance
  • Falling Dow(n)
    AS I WRITE THIS, STOCKS ARE SINKING. THE DOW HAS JUST PLUNGED 230 POINTS TO ITS FIRST CLOSE BELOW 8000 IN TWO MONTHS, and the NASDAQ is down 36. Investors are being pelted with sour economic news. And yet, on the positive side of things, mortgage rates are at record lows. ...More
    November 1, 2002 Teri L. Lanza Posted in Articles, Finance
  • Profit by Serving Your Customers
    I RECENTLY DECIDED I NEED SOME REGULAR EXERCISE AND MADE THE DECISION TO WALK FOR A HALF-HOUR EACH EVENING. Being somewhat of a procrastinator, I concluded the best way to achieve this goal is to walk with someone. My neighbor, who is the exact opposite of me (she does ...More
    November 1, 2002 Roy Katz Posted in Articles