With self-storage development activity ramping up across the nation and attracting the interest of new investors, the profitability of the self-storage model can sometimes cloud the complexities of storage development projects, which are often opposed by cities and residents.
During this informative podcast, Inside Self-Storage Store Manager Tony Jones speaks with Rick Dodge, executive vice president of Paramount Metal Systems, about whether it’s better to buy an existing self-storage facility or commit to a conversion project or ground-up construction. They also discuss tips and common mistakes new developers should consider when dealing with city officials and local residents.
Other topics include trends in building and site design, and the impact the Americans with Disabilities Act can have on projects.
If you're an investor or developer interested in the self-storage industry, don't miss the perspective Dodge, a 30-year industry veteran, has on issues that can effect a project’s timeline, budget and positioning for success. Listen to what Rick has to say by clicking on the gray button to the left.
Duration: 8 minutes, 17 seconds
To access additional installments in the "Sounds of Storage" series, visit the ISS podcasts page. To get more of Rick’s insight on development issues, you can purchase a video of his seminar “Refurbishing Your Self-Storage Facility,” recorded at the 2014 Inside Self-Storage World Expo. It is available in the ISS Store in both on-demand and DVD format.