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Amy Campbell

Amy Campbell
Editor
acampbell@vpico.com

11/29/2006

Crystal ball for construction professionals?

I think most business professionals, particularly investors, would love to have a crystal ball in which to catch glimpses of their financial future. Self-storage developers take their chances with location, competition, zoning boards and the like. Of course, they hope to remove as much uncertainty as possible by conducting feasibility studies and due diligence before building or buying. But there ...
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11/27/2006

Self-Storage: The 'Classified Ad' of the Real Estate World

Wondering what the heck I mean by THAT? Then you'll want to read today's blog post by Robert X. Cringely. He's drawn an interesting comparison between self-storage and the the classified ad section of your daily newspaper—both are "modest but lucrative" and generally underestimated in terms of financial impact because they aren't "sexy." He also believes self-storage to be a phenomenal ...
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11/20/2006

Heck, no, we won't go!

Just a quick update on the Pasadena conflict between Southern California Edison and Persson's Nursery: On Friday, I mentioned there was a demonstration scheduled for the following morning. This did occur. Approximately 60 resident members of the Pasadena Open Space Preservation protested outside the farmers market. The group has managed to gather 4,000 signatures from community members who want ...
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11/17/2006

Bashed by Pas editor and resident!

Boy, did self-storage ever get bashed by a Pasadena resident, who also happens to be an editor for the Pasadena Star News. Yesterday he published an editorial as part of the ongoing argument to save Persson's Nursery. I've been following this fight in the blog over the past few weeks. It's the saga of a storage developer attempting to lease land out from under a family-owned business that has ...
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11/15/2006

What WON'T people store?

My last blog entry was about facility rules and regulations and what you, as an operator, need to do to prevent tenants from storing all the things they shouldn't, like chemicals, drugs and corpses. But as we all know, there really is no limit to what people will stockpile in their units, particularly as they assume you'll never know the difference. If you attended Tuesday's Legal Learning ...
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11/10/2006

Are you laying down the law?

You may tell tenants what they can and cannot store at your site, but can you actually ENFORCE it? What about all those other operational provisions included in your rental agreement? Let's take it a step further: What are you doing to implement the lesser policies that don't make it into the lease, like those addressing hours of operation, dumpster use, parking, and general behavioral conduct? A ...
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11/06/2006

Important Info for NJ Operators

On Friday, the New Jersey Self Storage Association circulated an important letter regarding the state's Oct. 1 tax reform, which calls for the imposition of sales tax on all storage rentals. The association appealed to the U.S. District Court and received a response on Thursday evening; the missive shares the verdict. It also urges members to contribute to its Legal Defense Fund, which is ...
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