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  • The Art of Drafting Agreements
    I must confess, the contracts course was not my strongest effort in law school. I approached it as something to get behind me so I could go to court and do what I really wanted, which was trial work. It took a number of years (never mind how many) of doing that fun stuff ...More
    March 1, 2004 Joseph D. Joiner Posted in Articles
  • Industry Alert
    This is our annual legal issue, but I have chosen not to address that here. In light of recent changes to the steel market, which impact professionals across the spectrum of the self-storage industry, I thought it better to share with you a letter from one of our respected ...More
    March 1, 2004 Teri L. Lanza Posted in Articles
  • Legalities and Benefits of Cost Segregation
    As we close the books on another fiscal year, self-storage owners should be looking for ways to keep more of their money. If you are depreciating your facility over 39 years, you may be sitting on a financial windfall through the use of cost segregation. While the window ...More
    March 1, 2004 Kathleen Humen Posted in Articles
  • Occupancy Insanity
    I recently needed to rent a storage unit and visited a few of the facilities close to my house. I walked into the first place and asked the manager what she had available. All she had were a couple of 10-by-10s. When I got to another facility down the road, I got ...More
    March 1, 2004 Fred Gleeck Posted in Articles
  • The Wine Cellar of Michigan
    Owned by a family with 124 years of business operation under its belt, Grand Central Self Storage LLC has achieved a milestone with the construction of Michigan’s first wine-storage facility. The Wine Cellar of Michigan in Ferndale, just north of Detroit, is the state’s ...More
    March 1, 2004 Elaine Foxwell Posted in Articles
  • Unique Self-Storage Coverages
    Insurance is an excellent investment for your business, but it can become costly if you do not do your homework. Your self-storage operation has technical, legal and financial aspects not found in other businesses. Since your storage facility is unique, you will want ...More
    March 1, 2004 Amy Brown Posted in Articles
  • Simply Irresistible Revenue
    There is little argument that records storage can be the highest yield storage space you manage. This article discusses the objectives and expense variables that ensure high revenue yield. The most important element of records storage and service revenue is the conversion ...More
    March 1, 2004 Cary F. McGovern Posted in Articles
  • Spring Surprise for U.K. Self-Storage
    This spring, we’ll all be running round like mad March hares. For those of us in self-storage, our fill rates should be only going one way—upward. So cheer up and think about new marketing initiatives to make the most of the seasonal uplift in the home ...More
    February 1, 2004 Andrew Donaldson Posted in Articles
  • The Self-Storage REITs
    The self-storage market is experiencing a recent surge in transaction activity involving large and small portfolios. While each of the self-storage REITs is currently trading near its individual 52- week high, these investment trusts have been less active in acquisitions ...More
    February 1, 2004 Marc A. Boorstein Posted in Articles
  • Hunt of a Lifetime
    Ron Raboud has always been an avid outdoorsman. When he came across a charity fulfilling outdoor-adventure wishes for ill and dying children, it seemed natural for him to get involved. Raboud, president of The Rabco Corp., an Ocoee, Fla.-based supplier of pre-engineered ...More
    February 1, 2004 Amy Campbell Posted in Articles