• LEGAL PERSPECTIVES
    It never ceases to amaze me how few self-storage tenants purchase self-storage insurance. I’ve started asking managers their theory as to why. They’ve offered a litany of answers, the two most common being: 1) Customers believe their goods are covered by their homeowners ...More
    December 1, 2006 Jeffrey Greenberger Posted in Articles
  • The Age-Old Question
    “How much should I pay my managers?” If I had a nickel for every time I was asked that over the last 15 years, I could almost build a 100,000-square-foot storage facility with the pile of silver! The question isn’t as simple as it sounds. Many variables come into play. We ...More
    December 1, 2006 Pamela Alton-Truitt Posted in Articles
  • ISS FLASH REPORT
    The Grand Rapids-Wyoming Metropolitan Statistical Area encompasses the west Michigan counties of Barry, Ionia, Kent and Newaygo. The city of Grand Rapids is its urban center. Manufacturing, education, health, social services and retail trade are key employment sectors. ...More
    December 1, 2006 Self-Storage Data Services Inc. Posted in Articles, Development
  • SUPPLIER SPOTLIGHT
    The easier you make it for storage renters to move in, the higher your occupancy rates will be. One service to attract tenants is a convenient means to transport their goods. KW Nash Group (KWNG) is a one-stop, truck-leasing company that sells and leases vehicles and ...More
    December 1, 2006 Elaine Foxwell Posted in Articles
  • U.K. Industry Figures Reveal Growth, Occupancy, Yield
    Figures applying to the European storage sector often differ, yet it’s important to compare markets. Steel Storage Europe Ltd. recently tallied the results of a U.K.-wide self-storage survey, aimed to track industry size by number of facilities and net-leaseable space ...More
    December 1, 2006 Michael Homan Posted in Articles
  • Developers Delve Into Storage Condos
    The demand for boat and RV storage is on the rise and rents are getting higher in some areas. A growing trend is to sell actual ownership of RV units, marketing them as storage condominiums. What exactly is a storage condo? The concept is simple—it’s a straight real estate ...More
    December 1, 2006 Caesar Wright Posted in Articles
  • AT THE CAR WASH
    Regardless of business type, most of us have employees with varying skill sets. At the lower end of the employee pool are those with less education or abilities, the hourly worker. Entry-level employees are thought to be the most mobile segment of our team stay the shortest ...More
    December 1, 2006 Fred Grauer Posted in Articles
  • The Modern Storage Employee
    Technological advancements have changed the employment scene in the self-storage industry. The tools we use to conduct business are constantly evolving, requiring us to hire individuals with varied skill sets. When was the last time you had to hire someone to run your ...More
    December 1, 2006 Ray McRae Posted in Articles, Technology
  • SPEAKING OF SALES ...
    Many self-storage owners are already using the Internet as a marketing tool. Just do a search on storage-related words on any search engine and you’ll see what I mean. If you’ve learned anything about Internet advertising, you know you can spend a lot and get only a little ...More
    December 1, 2006 Tron Jordheim Posted in Articles
  • Performance Reviews
    One of the worst things you can do as a business owner or manager is fail to acknowledge the performance of employees, the lifeblood of your organization. Staff members managing day-to-day operations are crucial to the success of any self-storage facility. Failure to review ...More
    December 1, 2006 Jim DiNardo Posted in Articles