• The Cost of Storage Development
    The recent explosion of self-storage building has left many developers— seasoned owners as well as neophytes—questioning if it is a prudent time to build. The primary issue is risk vs. reward. The days of yields in the 14 percent to 16 percent range are over. Even the ...More
    September 1, 2005 RK Kliebenstein Posted in Articles, Development
  • More Than Luck: Insight to Feasibility
    The two most useful tools in a self-storage developer’s repertoire are a rational, critical feasibility analysis (RCFA) and luck. While Lady Luck is immensely helpful, her presence is highly unpredictable. Though there are rumors that she tends to hang out with good ...More
    September 1, 2005 Michael L. McCune Posted in Articles
  • Wildeck Inc.
    WILDECK is a national manufacturer of vertical reciprocating conveyors (VRCs), mezzanines, and safety-guarding products for the self-storage, archive and other industries. The company’s national network of dealers is available to assist owners in selecting the right lift ...More
    September 1, 2005 Posted in Articles
  • The Top 10 Mistakes in Self-Storage Construction
    By Tyson Hermes In 1980 self-storage was relatively new, but my family bought several facilities in the Cincinnati market. Back then, there was little concern about competition, long-term maintenance or aesthetics. After all, these facilities were only meant to be temporary ...More
    September 1, 2005 Tyson Hermes Posted in Articles, Construction
  • The Payment Advisor
    "The Payment Advisor" is a monthly Q&A column to which readers can submit questions about card transaction systems, electronic funds transfer, check acceptance and processing, wireless transactions, international funds transfer, and other payment issues. To participate, ...More
    September 1, 2005 Ross Federgreen Posted in Articles, Finance
  • Extreme Land Utilization
    Self-storage facilities of three or more floors are becoming increasingly common in heavily populated areas where land is scarce and expensive. Economics and the law of supply and demand necessitate multistory building, often with one or two basement levels. But designing ...More
    September 1, 2005 Ariel Valli Posted in Articles, Development
  • Insight to a Great Site
    Self-storage has changed dramatically over the past 30 years. The industry has become more refined, high-tech and competitive. In the '70s and '80s, the challenge was to convince potential customers they needed storage. Today’s goal is to convince prospects they should use ...More
    September 1, 2005 Erik Hermes Posted in Articles, Development
  • Build Right for Marketing
    Constructing a self-storage facility is a huge investment, and a customer base is no longer guaranteed. Before you make a million-dollar mistake, consider some of the following issues. The better you build your site, the better you can market it in the future. Feasibility ...More
    September 1, 2005 Fred Gleeck Posted in Articles
  • Starting Small
    As the saying goes, “Good things come in small packages.” Twenty-five years ago, I could barely fit a computer on my desk; today, I can tuck one in my briefcase. My cell phone is about the size of a pack of Tic-Tacs and will take a picture. Video cameras, televisions and ...More
    September 1, 2005 Melissa Hermes Posted in Articles, Development
  • Car-Wash Construction
    Building a car wash is a long, tedious, expensive project. Each type of wash carries its own set of requirements, whether it’s a self-serve, self-serve with automatic, automatic, or conveyor tunnel (exterior or full-serve). Utility, site layout, traffic and production ...More
    September 1, 2005 Fred Grauer Posted in Articles