Do You Really Need a Management Company?
Do You Really Need a Management Company? By Pamela Alton Self-storage is a wonderful business. Of course, we all know it's easy to operate: Just open the doors and tenants will flock to your site. You will be full in a month or so and the money will come rolling in, it will ...More
November 1, 1998 Pamela Alton
Posted in Articles
Fire Prevention and Safety
Fire Prevention and Safety By David Wilhite If a small fire were to break out in a remote area of your facility, how quickly could you react to it? Do you have a series of interconnected smoke detectors installed in key locations for early warning and detection? Do you know ...More
November 1, 1998 David Wilhite
Posted in Articles
A Dynamic Market
Securitized Lenders: What is the deal? By Neil Gussis Lenders that securitize their loans are here to stay. The savvy self-storage owner understands financing alternatives, takes advantage of good economic conditions and focuses on lenders with expertise in the self-storage ...More
November 1, 1998 Neil Gussis
Posted in Articles,
Finance
The Past
Facility Spotlight South Bradford Street Self Storage Gainesville, Ga. By Jeff Sacks When business gave Tom Paris lemons, he made lemonade. After running a successful, homegrown, wholesale hardware business since 1949, Paris "sold out" in 1988 and eventually ...More
November 1, 1998 Jeff Sacks
Posted in Articles,
Development
Top 10 Most Frequently Asked Questions for Commercial Records-Center Start-ups
Top 10 Most Frequently Asked Questions for Commercial Records-Center Start-ups By Cary McGovern Over the past 22 years I have been asked many questions about how the records business works and what are the most important considerations. Like starting up any new business ...More
November 1, 1998 Cary McGovern
Posted in Articles
An Interview with Mike Burnam
An Interview with Mike Burnam Ask Mike Burnam how his year's been going and he's likely to tell you he's weathered a storm; but blue skies are back in the forecast. In fact, despite the fact that he lost the battle to keep control of Storage Trust, a real estate investment ...More
October 1, 1998 his own account, Mr. Burnam, 46, is a self-storage
Posted in Articles
Delinquencies Collections and Liens
Delinquencies Collections and Liens By D. Carlos Kaslow Ultimately, self-storage is about collecting rent. The overwhelming majority of customers pay their rent when it is due and cause very few problems for facility owners and site managers. A relatively small number (3 ...More
October 1, 1998 D. Carlos Kaslow
Posted in Articles
Don't Hire 'Til You Check the Whites of Their EyesTesting and physiology combine to create effective interviews
Don't Hire 'Til You Check the Whites of Their EyesTesting and physiology combine to create effective interviews By Beth Rosengren "Don't hire until you check the whites of their eyes." OK, so it's not quite the way Colonel William Prescott said it, and this isn't ...More
October 1, 1998 Beth Rosengren
Posted in Articles
The Chapters
Bankruptcy What Happens Next? By Michael E. Hickey Typically, bankruptcy issues arise the day of or shortly before a lien sale, causing a fervor of questions: What happens to the money owed to the storage facility? How does the bankruptcy affect the self-storage lien? How ...More
October 1, 1998 Michael E. Hickey
Posted in Articles
