• LEGAL PERSPECTIVES
    It's almost impossible to imagine effectively running a self-storage business without equipment like telephones, computers, special accounting software and maybe even an access-control system. But what actually prevents you from renting to a tenant who will use his unit for ...More
    March 1, 2007 Jeffrey Greenberger Posted in Articles
  • MANAGER'S MEMO
    Whether or not your self-storage facility is near a military base, you have an opportunity to help military customers. As a self-storage manager, I often ask myself, what can we do for our troops that would be equally good for business? Well, we can certainly treat military ...More
    March 1, 2007 Mel Holsinger Posted in Articles
  • Taking the Sting out of Lawsuits
    Self-storage operators know too well that lawsuits are a harsh reality in today’s society and, whether you’re wrong or right, anyone with a $200 filing fee can sue you. Most Better Business Bureaus have instituted mandatory binding arbitration for members. This means you ...More
    March 1, 2007 Jeffrey Greenberger Posted in Articles
  • THE PAYMENT ADVISOR
    Payment these days isn’t as simple as handing over a fistful of dollars or even accepting any card offered. A self-storage operation needs to consider a number of factors when deciding what methods of payment it will accept, especially if it owns more than one facility. ...More
    March 1, 2007 Ross Federgreen Posted in Articles, Finance
  • Save on Income Taxes
    Self-storage owners can reduce federal and sometimes state income taxes through proper depreciation techniques, using the savings to improve existing properties, pay down debt or finance additional investments. Cost segregation is an IRS-approved depreciation approach ...More
    March 1, 2007 Larry Brewster Posted in Articles, Finance
  • FROM THE EDITOR
    Would your facility be able to take a half-million-dollar lawsuit hit? Lawyers specializing in the self-storage industry agree that the legal framework for any operation begins with the rental agreement. Although that’s not news to most owners, many fail to review their ...More
    March 1, 2007 Posted in Articles
  • Background Checks
    One of the most cost-effective ways to limit risk is by reducing criminal activity among tenants and employees through effective background screening. As the owner of a multimillion-dollar facility, would you blindly hand over the keys to strangers without wanting to know ...More
    March 1, 2007 Lori Murphy Posted in Articles
  • RECORDS MANAGEMENT
    Every business is concerned about liability in our litigious society. If you provide records-storage services, you can help protect yourself from lawsuits by following a clear set of rules. Since I’m not a lawyer nor do I play one on TV, I’ll approach this subject with some ...More
    March 1, 2007 Cary F. McGovern Posted in Articles
  • Table of Contents - March 2007
    WEB EXCLUSIVE! Inside Self-Storage is pleased to offer these web-only feature articles to complement its March 2007 print edition. Enjoy!Working With Insurance AgentsFor the best coverage, it's important to build trust and define goals with your insurance representative.By ...More
    March 1, 2007 Posted in Articles
  • Business-Buying Legalities
    I called my lawyer the other day and asked, “May I ask you three questions for $100?” “Sure,” he replied. “What are the next two questions?” Lawyers are in the business of selling time. Those of us in the car wash and storage businesses sell time too, but we often don’t ...More
    March 1, 2007 Fred Grauer Posted in Articles