• Capital Types and Trends
    What are two financing facts many storage owners are surprised to learn? One, there are more types of permanent, bridge and construction loans available today than at any time in the history of the industry; and two, lenders are more likely to add “custom” loan terms and ...More
    November 1, 2004 Jim Davies and Eric Snyder Posted in Articles, Finance
  • Construction Corner
    Construction Corner is a Q&A column committed to answering reader-submitted questions regarding construction and development. Inquiries may be sent to construction@ministorage.com . Q: I am about to install a new keypad-access system at my gate and would like your ...More
    November 1, 2004 Posted in Articles, Technology
  • What We Learn From Sales
    My grandpa use to say, “Talk is cheap, but it takes money to buy whiskey.” Today, there is a lot of talk about how much investors are willing to pay for self-storage, and a lot of confusion about just what is selling, who is buying and how much they are actually paying. ...More
    November 1, 2004 Charles R. Wilson Posted in Articles
  • Noah’s Ark Development
    Mike Parham, founder of Texas-based Noah’s Ark Development, heard a call to create more than a successful self-storage business. In 1996, he formed the In His Steps Foundation (IHS), a nonprofit organization designed exclusively for charitable, religious and educational ...More
    November 1, 2004 Kimberly Hundley Posted in Articles, Development
  • Sales Training = Profits
    Have you ever measured the incoming phone calls your store misses? What about walk-in customers? What impact do these have on your bottom line and potential real estate value? It would probably shock you to know just how powerful this information can be. How do you improve ...More
    November 1, 2004 Brad North Posted in Articles
  • Storage by the Numbers
    A guy decided to go on a diet and announced it to his friend, who was happy to hear it and in full support of the idea. After a month, they bumped into each other in the mall. The friend asked how the diet was going. The guy responded, “Really good. I feel a lot thinner ...More
    November 1, 2004 Fred Gleeck Posted in Articles
  • What's Up With Permanent Financing?
    “Unbelievable” is the only word to describe continued financing opportunities for self-storage and most other commercial-property types. To illustrate, the following chart shows a sample of long- and short-term index rates over the last 10 years. Today’s rates are still ...More
    November 1, 2004 David Smyle Posted in Articles, Finance
  • Employee Credit-Card Fraud
    Incidents of credit-card fraud and identity theft have risen dramatically in recent years. With increased use of e-commerce and technology in business, it has become easy for thieves to steal and misuse credit-card numbers. The dangers do not always come from outside a ...More
    November 1, 2004 Amy Brown Posted in Articles, Finance
  • The Danger of Creating a Bailment
    The Risks of Boat, RV and Vehicle Storage By Jeffrey Greenberger Ten years ago, people who wanted to store vehicles at self-storage facilities found themselves relegated to a grassy or muddy lot along the back fence or had to place their vehicles in a standard storage unit. ...More
    October 1, 2004 Jeffrey Greenberger Posted in Articles
  • Trees and Potential Property Damage
    Trees and Potential Property Damage By Amy Brown Trees and shrubs contribute to property value by enhancing appearance, reducing noise, cutting energy costs and blocking unsightly views. Unfortunately, trees meant to be part of a facility’s permanent landscape are often ...More
    October 1, 2004 Amy Brown Posted in Articles