• In Training
    You’ve planned this day for years: the grand opening of your new self-storage facility. You’ve purchased software to track tenants and income, read through countless industry manuals and, with general knowledge of business operations, feel ready to dive in. It can’t be that ...More
    September 21, 2006 Pamela Alton-Truitt Posted in Articles
  • Is the Self-Storage Industry Overbuilt?
    Many real estate pundits claim the self-storage industry, which thrives on storing people’s clutter, is in danger of being cluttered itself. The perception stems from many reasons, the most dominant being that self-storage—having few infrastructural requirements—is easier ...More
    September 21, 2006 Andy Hyde Posted in Articles, Development
  • News From Around the World
    Depotium Sells Initial Site for $13.8 Million Public Storage acquired Quebec-based Depotium’s flagship facility, Cote De Liesse, in June for $13,850,000. The deal followed eight months of on-again, off-again negotiations. The facility comprises 216,000 rentable square feet ...More
    September 21, 2006 Posted in Articles
  • Opening Doors to Success
    Although today’s self-storage doors come in a rainbow of hues, choosing doors is more complicated than settling on a color scheme. Testing ease of operation is important and a good starting point, but buyers should go a few steps beyond and research technical information. ...More
    September 21, 2006 Teresa Sedmak Posted in Articles
  • Keep Your Site Looking Bright
    Just as people will avoid shopping at a store where clerks are constantly rude, tenants will go to another facility if a self-storage business doesn’t meet their expectations. A facility that is secure, well-lit, clean and well-maintained is the retail-store equivalent of a ...More
    September 21, 2006 Andrew Fawcett Posted in Articles
  • Self-Storage Tax Advantages
    If it were possible to expense the entire construction cost of a new facility the year it’s incurred instead of capitalizing it, most self-storage owners would do so in a heartbeat. Although that’s not feasible, cost-segregation studies provide a good—and absolutely ...More
    September 21, 2006 Jerome Kootman Posted in Articles, Finance
  • Document This
    A professional record center provides content accessibility and accuracy. News-grabbing headlines have thrust records management and corporate accountability into the spotlight. Today’s world is one of terrorist attacks, fraudulent accounting, natural disasters, and ...More
    September 21, 2006 Christine Spisto Posted in Articles, Technology
  • Three Is a Magic Number
    Building a self-storage facility can be vexing at times, particularly if it’s an owner’s first project. New entrepreneurs are often surprised by the number of steps and people involved. For the best outcome, it’s best to view the whole project—from development to ...More
    September 21, 2006 Terry Campbell Posted in Articles, Development
  • Real Estate’s Rodney Dangerfield
    Self-storage was often thought of as the lowest common denominator of real estate. Real estate professionals used to think those little “tin” buildings couldn’t really be worth much. Meanwhile, self-storage developers were doing the calculations and finding the numbers sure ...More
    September 21, 2006 Michael L. McCune Posted in Articles
  • Storage in a Snap
    Most facilities have gaps—vacant, unused space in setback areas, utility easements, parking lots or other spots that for whatever reason never made it into building plans. Operators with growing waiting lists often wish for ways to fill these gaps and push occupancies past ...More
    September 21, 2006 Kevin Ford Posted in Articles