• In The Shadow Of $
    “Business? It’s quite simple. It’s other people’s money.”—ALEXANDRE DUMAS THE YOUNGER “Money is the seed of money, and the first guinea is sometimes more difficult to acquire than the second million.”—JEAN JACQUES ROUSSEAU We like to believe we have appreciation for the ...More
    November 1, 2003 Teri L. Lanza Posted in Articles, Finance
  • Loan Types And Lending Options
    Just as there are many types of self-storage facilities, there is a diversity of financing options available in the capital markets. Some self-storage owners seek floating rate financing, while others prefer fixed-rate loans. Some ownerdevelopers want construction financing ...More
    November 1, 2003 Eric Snyder and Jim Davies Posted in Articles, Finance
  • Growing European Self-Storage
    Without a doubt, there are fantastic opportunities for self-storage in Europe. The comparisons with the United States are often touted as a justification for this conclusion. The most well-known of those comparative figures is the United States has about 4 square feet to 5 ...More
    November 1, 2003 Michael Homan Posted in Articles, Development
  • Rodents, Rats and Mice— Oh My!
    Here are a few things you probably didn’t know about rodents: An average-size rat can squeeze through a gap about the width of your pinky finger, an adult mouse through a gap the thickness of this magazine. A healthy female rat can give birth to six litters per year, with ...More
    November 1, 2003 Ken Berquist Posted in Articles
  • The Self-Storage Joint Venture
    Recent stock market meltdowns have caused investors many sleepless nights. Overnight, they find an earthquake in their IRA account. Years of saving for retirement are wiped out without warning. Yet the self-storage investment remains virtually undisturbed by perturbations ...More
    November 1, 2003 Jim Oakley Posted in Articles, Development, Finance
  • Refinancing $elf-$torage
    The adage goes, “Take Advantage When Opportunity Knocks.” I can easily say opportunity has been knocking. This summer, the interest rates reached the lowest levels in the last 45 Years (Before Self-Storage became a recognized industry). Fixed-rate mortgages, which are based ...More
    November 1, 2003 Neal Gussis 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 own a storage facility with multiple buildings, the newest of which is actually ...More
    November 1, 2003 Posted in Articles, Technology
  • Interest-Rate Trends
    If you’re a self-storage owner, here’s a question you may not be answering correctly: What is my largest expense item? The answer is typically either payroll or property taxes. In actuality, for many owners, it is interest expense. Here’s the point: Interest expense and ...More
    November 1, 2003 Bill Walton Posted in Articles, Finance
  • Charting Your Course for 2004
    As we approach the end of another year, it’s important to look forward and prepare to make next year our best ever. Whether your goal is to buy your first storage facility, expand your business, sell your portfolio, or distribute a new product or service, this article will ...More
    November 1, 2003 Scott Duffy Posted in Articles
  • Storing For Hope
    Airline Ambassadors, a nonprofit organization that provides humanitarian aid around the world, has always relied on the generosity of others to provide free storage to warehouse and track its many donations. When they learned they would lose precious storage space last ...More
    November 1, 2003 Amy Campbell Posted in Articles